- Victory Mines (VIC) has identified copper in defined gold trends at its Coogee project southeast of Kalgoorlie in WA
- The company has received assay results from three holes drilled to the north of the Coogie pit along two known trends
- One drill hole from the Eastern Gold Trend returned an intercept of 15 metres at 1 per cent copper and 1.49g/t gold
- Another hole, completed at the Main Trend, returned a 30-metre hit at 0.33 per cent copper at 0.52 g/t gold
- Executive Director Matthew Blake said the results will be followed up with a second phase of drilling
- Shares have gained 2.9 per cent to trade at 1.8 cents
Victory Mines (VIC) has identified copper in defined gold trends at its Coogee project southeast of Kalgoorlie in WA.
The company has received assay results from three holes drilled to the north of the Coogie pit, along two known trends.
One drill hole from the Eastern Gold Trend returned an intercept of 15 metres at 1 per cent copper, and 1.49g/t gold. Another hole, completed at the Main Trend, returned a 30-metre hit at 0.33 per cent copper at 0.52 g/t gold.
Samples from a further 13 holes have been submitted for assaying.
“Whilst substantial exploration work still remains to be conducted, Victory believes that the Coogee Project could now be an emerging new Archaean copper‐gold system,” said Executive Director Matthew Blake.
“These substantial copper and gold results provide impetus for the Company to undertake the next phase of its drilling campaign of 6,000 metre reverse circulation and diamond drilling anticipated to commence in the second half of May,” he added.
Shares have gained 2.9 per cent to trade at 1.8 cents at 12:52 pm AEST.