Victory Mines Limited (ASX:VIC) has commenced the fourth phase 3,000m RC drilling programme at its Coogee Project near Kalgoorlie in Western Australia.
To date Victory has completed three phases of RC drilling totalling 122 holes for 16,751 metres. The drill programs have been successful in outlining mineralisation which transitions from gold to copper‐gold to the north within a broader copper‐gold system at Coogee which now has strike length of over 1km.
Coogee is located approximately 55 km south‐east of Kalgoorlie and immediately to the west of Silver Lake Resources Randall Mill.
The impetus for the new RC drilling programme is the recently announced gold grades of 4m @ 9.34 g/t Au from 175m, including 2.0m @ 16.15 g/t Au from hole CORC099 and 5m @ 5.11 g/t Au plus 0.76% Cu in CORC105 from 174m.
These two holes have now outlined several more high‐grade shoots along the Main Trend 350m north of the Coogee pit. These results are considered extremely encouraging, confirming that the trend continues to host high grade gold mineralisation well outside previously recognised areas at Coogee.
In addition, new broad gold zones of 27m @ 1.22g/t Au in CORC107 from 109m and 31m @ 0.87g/t in CORC106 from 150m, plus further to the north of 12m @ 1.38 g/t Au from 179m in CORC098 and 17m @ 0.54g/t Au intersected in CORC099 from 190m confirm the continuation of significant downhole thickness of gold mineralisation immediately north off the Coogee pit.
The drill programme is expected to be completed during December 2021 and results will be reported in the March quarter 2022.
For further information please visit: https://www.victorymines.com/