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MARKET INFO
TSX-V: VR
OTCQX: VRCFF
Shares Outstanding:
57,419,987
Authorized Shares:
100,000,000
Warrants Outstanding:
14,177,402
Options Outstanding:
4,565,439
Transfer Agent:
Computershare Investor Services Inc.
LATEST HEADLINES
Victory Resources Corporation - El Boleo Property Acquisition
Victory Resources Corp. Retains King James Capital Corp
KEY EXECUTIVES
Wally Boguski
President
CEO
Corey Safran
V.P. Strategic Development
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Dually Listed, Well Funded Resource Deal With Strong Management and Properties Set to Soar
PROFILE
Victory Resources Corporation 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.
Value Proposition
- Strong Portfolio. Victory Resources Corporation has a portfolio containing projects in Mexico and Canada with great potential to generate substantial revenue, including a past producing mine in Mexico that has produced $175 million worth of silver at today’s prices.
- Reforma Property. Between 1968 and 1980, the Reforma mine processed nearly 2 million tonnes grading an average of 91.62 grams per tonne silver, 1.90 percent lead, 7.44 percent zinc and 0.63 percent copper.
- It’s All About Location. The Reforma property area borders two significant mineral deposits. The Bahuerachi property reportedly contains a mineral resource of some 525 million measured and indicated tonnes grading 0.40% copper with values of molybdenum, gold, silver, and zinc in the Bahuerachi Main Zone. The Santo Tomas copper-gold mineral deposit reportedly contains a mineral resource of nearly 1 billion tonnes grading higher that 0.31 percent copper (plus gold and silver credits) in its North and South Zones.
- New Acquisition Option. Victory is performing its due diligence related to an agreement which will allow Victory to acquire up to a 100 percent interest in a property known as 'el Boleo', a property located adjacent to the historic Reforma Mine. If the acquisition is completed, Victory will control 20,460 hectares (almost 79 square miles) of contiguous property in the prolific metal region.
- Au-Wen Property. Victory Resources Au-Wen property in British Columbia covers a large area where widespread copper and gold mineralization within the regionally prospective Nicola Belt that hosts the major deposits of the Ingerbelle, Craigmont and Afton mines and is locally within the well-known Aspen Grove copper-gold camp. Previous exploration included ground geophysical surveys, soil geochemical surveys, trenching and diamond drilling that showed assays as high as 28.426 g/t gold, 18.185 g/t silver and 0.98% copper over 3.81 metres.
- Well Financed. Victory Resources is well financed as a result of two tranches of non-brokered private placements to qualified investors. The financing generated total proceeds of $2.66 million which is being used for exploration activity on its projects as well as normal operating costs.
- Strong Management: Victory is a well managed company with experienced management and technical advisors.
- 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.
- 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.
- 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.
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