Finance

Victory encouraged by Laverton results


Victory Mines (ASX: VIC) has released encouraging nickel and copper results from an exploration program at its Laverton project in Western Australia.

Values in the top 5% were strongly anomalous, and values within the top 10% were viewed as moderately anomalous.

The company’s E 38/3075 tenement lies to the north of Laverton and only a short distance east of Leonora. Previous exploration conducted in 2013 within E38/2374 (in which E38/3075 is situated) defined several areas which were anomalous for gold, nickel and copper.

Most of these anomalous regions were aligned with geological structures which were defined from a low level of circa 25 metres, and with the subject of a close spaced (50 metres) combined aerial radiometric and magnetic survey. A total of 1,239 samples were collected from within E38/2374, with samples taken every 50 metres on lines spaced 400 metres apart.

VIC acquired E38/3075 early in 2017 and immediately planned an infill geochemical soil sampling program to either …

Read the full article at: http://www.news.com.au/finance/business/breaking-news/victory-encouraged-by-laverton-results/news-story/1ec448aa21e5c3939c267f42248e6e81

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