- Victory Mines (VIC) begins a 3000-metre reverse circulation drilling program at the Coogee Project in WA
- The program is following up on recent high-grade results collected 350 metres north of the Coogee pit
- Drilling aims to better define the high-grade shoots and extend mineralisation to the north and down-dip
- Victory expects the program will wrap up before the end of the year with results due in the March quarter
- Company shares are trading steady at 0.2 cents
Victory Mines (VIC) has begun a 3000-metre drilling program at the Coogee project in Western Australia.
The Coogee Project is located about 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resources’ Randall Mill.
This fourth-phase reverse circulation program aims to follow up on recently announced results: 4 metres at 9.34 grams per tonne (g/t) gold — including 2 metres at 16.15 g/t gold — and 5 metres at 5.11 g/t gold and 0.76 per cent copper.
Those two holes outlined several high-grade shoots along the main trend roughly 350 metres north of the Coogee pit. The company considers these results to be “extremely encouraging” as they confirm the trend continues to host high-grade gold mineralisation outside the known area.
Additionally, broad gold zones of 27 metres at 1.22 g/t gold, 31 metres at 0.87 g/t gold and 17 metres at 0.54 g/t gold confirm the continuation of significant downhole thickness of gold mineralisation north of the Coogee pit.
Victory Mines expects drilling to be completed before the end of the year with results to be released in the March 2022 quarter.
Company shares were trading steady at 0.2 cents at 12:00 pm AEDT.