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Latest Company Spotlight: TSX-V: VR

 
Victory Resources Corp. (TSXV: VR - OTCQX: VRCFF)

Info Provided by:
Victory Resources Corp.

Investor Relations:
604-580-9605

Victory Resources Corp. website: Click Here Information As Of April 9, 2012
Exchange: TSXV/OTCQX Market Cap: $28.23 million
Outstanding Shares: 61,367,764 52 Low / High: $0.25 / $0.55
Stock Price April 9, 2012: $0.46 VR Recent Stock Quote and News: Click Here

 

"Victory Resources will earn a 70% undivided interest in The Reforma property as part of an option agreement after the expenditure of a USD $2,500,000 work program to be completed before Q1 2013."

Overview:

Victory Resources Corporation (TSXV:VR - OTCQX:VRCFF) is a growth focused mineral exploration company creating value through the exploration and development of the Reforma property in Sinoala, Mexico and the AU-WEN project in Merritt, British Colombia.

The most advanced project is the Reforma property which was formally owned and operated by “Industrias Peñoles S.A.B. de C.V. (Peñoles), of Mexico. The Reforma property is a 6,987 hectare land package, located within a regional northwest trending graben structure which extends through eastern portion of Sinaloa State, Mexico in the Choix Mining District.

A drilling program is underway and ongoing to confirm the mineralization that Penoles experienced while the mine was in operation from 1968-1980. The drilling program will include geochemical testing on other highly prospective mineral deposits including the southern extension of the Reforma mine, the Reforma South property and the Chapote property. The company expects to announce the results of the drill program on a regular basis throughout the drill program.

Between 1968 to 1980 Peñoles produced 2 million tons grading 91.62 g/t Ag, 1.90% Pb, 7.44% Zn & 0.63% Cu on the Reforma property. The management of Victory Resources believes that these results will be confirmed for the Reforma mine property and also on significant extensions that will prove the Reforma property to be a world-class economically viable mine.


Investment Highlights:

  • Experienced management team with proven track record.

  • The company’s main focus is on the The Reforma property located at the common boundary of Sinaloa and Chihuahua States in west central Mexico. The concessions cover a total area of 7,226 hectares.

  • Victory Resources will earn a 70% undivided interest in The Reforma property as part of an option agreement after the expenditure of a USD $2,500,000 work program to be completed before Q1 2013.

  • The Reforma property has a history of commercial production from underground mining that lasted 13years after which at closure produced 2, 000,000 tonnes of complex ore with historical average grades of 91.62gpt Ag, 1.90% Pb, 7.44% Zn and 0.63% Cu.

  • The drill program is underway to determine the extension deposits to the previously opererating Reforma mine. The first set of results from the drill program was announced in July 2011.

  • The Reforma property is located just west of the Bahuerachi copper deposit which was sold in 2007 for $214M.

TECHNICAL VIDEO CHART:

The Victory Resources chart has been in a solid uptrend for more than two years. The move throughout 2011 and 2012 has formed a large cup and handle continuation pattern which has the chart on radar to break through resistance and make new all-time highs.

 


Company Projects:

Reforma Property: Mexico

Between 1968 to 1980 Peñoles produced 2 million tons grading 91.62 g/t Ag, 1.90% Pb, 7.44% Zn & 0.63% Cu on the Reforma property. The management of Victory Resources believes that these results will be confirmed for the Reforma mine property and also on significant extensions that will prove the Reforma property to be a world-class economically viable mine.

 

AU-Wen: Canada

In 2005 Victory successfully negotiated an arrangement to acquire 100% of the AU-WEN Property based on the encouraging historic exploration results that are indicators to potentially economic copper/gold skarn or porphyry mineral deposits.

 

 


Recent News and Press Releases:

Victory Resources Corporation - Drill Program on Reforma Tailings has Commenced

Victory Resources Corporation - Exploration Program on the Toni Property to Commence

Victory Resources Corp. Begins Trading on the OTCQX

Victory Resources Corporation - Historical Tailings Hold Significant Value

Victory Resources Corp. Establishes Advisory Board and Appoints Tim Hawthorne


Management Team:

Wally Boguski, President & CEO
Wally Boguski has over 30 years experience in the mining and banking industry. Wally has been involved in strategic development planning and in capital market financing of early stage mining companies for the past 24 years. Wally has worked on several mining projects in Canada and Mexico. Wally began his career in the banking sector and managed financing and credit facilities for commodities related companies in Canada for a major Canadian bank and a credit union organization . Wally’s education is in business administration, commercial law and accounting.

Alphonse Ruggiero, Chief Financial Officer
Al Ruggiero is a financial consultant with an extensive accounting and finance background. He is a CPA and has worked with major accounting firms as an audit manager, as a director of internal audits for a major corporation and has worked extensively in Continuing Professional Education in association with the American Institute of Certified Public Accountants.

John Thornton, V.P. Project Development
John Thornton has almost fifty years experience in mineral exploration experience. John has been involved at a senior level for over $3 billion of mining projects worldwide in his career including the $1 billion Dawson Creek project for Dennison Mines between 1979-1981. John has overseen several other major projects including the Bajo de la Alumbrera mine in Argentina, the Cananea Mine in Mexico, the El Abra mine in Chile, the Kitsault Molybdenum Mine in British Columbia, the Mt Newman Iron Ore Mine in Australia and the Roan Consolidated Mines in Zambia. John is a well-respected thought leader in the mining industry and has lectured at Universities around the world on the topic of mining exploration.

Corey Safran, V.P. Strategic Development
Corey Safran has over 18 years experience in the capital markets industry and commodities trading industry combined. Between 1993 to 2006, Corey held investment advisory positions at Nesbitt Burns and Merrill Lynch Canada (bought by CIBC World Markets) working with small cap companies to develop their business and capital markets strategy. Between 2006-2011, Corey held the position of Executive Vice President for Vican Trading, whose primary business is the brokerage of primary and secondary metals worldwide.


FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Victory Resources Corp.'s current expectations about its future results, performance, prospects and opportunities. Victory Resources Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Victory Resources Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.


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Past Spotlights:

Stakool Inc./Anthus Life Corp. (OTCBB: STKO) click for details

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