Victory Mountain Starts Phase One Exploration on Ells River Silica Property
09 Aprile 2014 - 3:00PM
Marketwired
Victory Mountain Starts Phase One Exploration on Ells River Silica
Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 9, 2014) -
Victory Mountain Ventures Ltd. (TSX-VENTURE:VMV) ("Victory") is
pleased to announce that phase one Stratigraphic Compilation and
Investigation is now underway. The team at Apex Geoscience Ltd,
lead by Michael Dufresne, is currently compiling the abundant oil
and gas information for the Ells River Silica property and
constructing a 3-D model of potential clean silica-rich sands for
certain target areas into a volume estimate for the Pelican
formation over the next couple of months. The second phase of work,
which will be field based, could commence as early as May and will
involve mapping, sampling and either drill testing or trenching in
order to progress to a NI 43-101 compliant resource estimate late
this year or early next year.
Apex Geoscience Ltd., based in Edmonton, has extensive
experience in the Western Canadian sedimentary basin, including oil
and gas, sand and gravel, crushed rock aggregate, and oil sands,
and has a solid working knowledge of Alberta government regulatory
policies, including exploration permitting, assessment reporting
and continuing relationships.
CEO Patrick Morris commented: "We are pleased to have Michael
and his team at Apex initiate the first phase of geological
exploration on Ells River. This first phase of work and
expenditures confirms just how quickly and economically, relative
to traditional mining exploration, we can complete a volume
estimate of Pelican sand and approach our first milestone of a
43-101 compliant resource estimate on the property." Morris adds,
"Horizontal drilling and hydraulic fracturing methods have
revolutionized the process of extracting these natural resources,
our goal is to be one of a small group of Canadian companies to
produce a domestic supply of high quality frac sand."
The content of this news release and the Company's technical
disclosure has been reviewed and approved by Michael B. Dufresne,
MSc, PGeol, who is the qualified person as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
Victory Mountain Ventures Ltd. (TSX-VENTURE:VMV) is a Junior
Exploration Company based in Western Canada. The Company has
interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum
and other base metals in Canada.
On Behalf of the Board of Directors
VICTORY MOUNTAIN VENTURES LTD.
Patrick Morris, CEO and Director
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. The production rate and
mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations
will be economically viable. By their nature, forward looking
statements involve risk and uncertainties because they relate to
events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities,
industry production, commodity demand and pricing, currency
exchange rates, and, but not limited to, general economic factors.
Cautionary Note to US investors: The U.S. Securities and Exchange
Commission specifically prohibits the use of certain terms, such as
"reserves" unless such figures are based upon actual production or
formation tests and can be shown to be economically and legally
producible under existing economic and operating conditions.
Victory Mountain Ventures Ltd.Patrick MorrisCEO and
Director604-683-5445604-687-9631info@victorymv.comwww.victorymv.com
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