- Victory Mines (VIC) extends mineralisation at the Coogee Gold Project in Western Australia
- The company is undertaking a 6000-metre reverse circulation drilling program with the latest results defining a 250-metre-long zone over the Eastern Trend
- This takes the overall Coogee mineralised trend to one kilometre which makes it a significant gold‐copper mineralised system
- So far, 33 holes, for 3831 metres, have been completed and Victory Mines expects the program will wrap up by the end of the month
- Company shares are trading steady at 0.3 cents
Victory Mines (VIC) has received more results from reverse circulation (RC) drilling at the Coogee Gold Project in Western Australia.
The company began a 6000-metre RC drilling program early last month and, so far, 33 holes for 3831 metres have been completed.
This phase three program is aimed at defining the northern extension of the two gold‐copper trends north of the Coogee Pit, and to better understand the previously identified copper‐ gold porphyry target at Coogee North.
Best results came from hole CORC064 which intersected 17 metres at one per cent copper, 1.98 grams of gold per tonne (g/t) from 77 metres including 10 metres at 1.28 per cent copper, 1.91g/t gold from 80 metres and one metre at 5.64 per cent copper and 4.74g/t gold.
Positively for the company, these have defined a 250-metre strike length zone over the Eastern Trend.
This takes the overall Coogee mineralised trend to one kilometre which makes it a
significant gold‐copper mineralised system, with the northern half being rich in copper.
Other results include eight metres at 3.03 grams of gold per tonne (g/t) and 0.37 per cent copper from 124 metres; and 24 metres at 0.48g/t gold and 0.75 per cent copper from 144 metres, including 12 metres at 0.92g/t gold and 0.94 per cent copper from 152 metres.
The current drilling program is expected to be completed by the end of this month.
Company shares were trading steady at 0.3 cents at 10:14 am AEST.