VIC makes new copper gossan discovery, gravity survey underway
Published 28-NOV-2017 13:10 P.M.
|
1 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Victory Mines (ASX:VIC) today revealed that a new gossanous area with visible copper mineralisation has been discovered not far from the Redbank prospect at its Bonaparte Project in WA.
Previous rock chip sampling at Redbank returned values of up to 53.8 percent lead, 39.1 percent zinc, and eight grams per tonne of silver. You can these recent rock chip results in relation to VIC’s Bonaparte Project tenements below:
Source: Victory Mines
The area in which this new copper gossan has been found resides within the region of the ground gravity survey. This survey is currently underway, and is expected to be completed by the middle of December.
This latest development bodes encouragingly for VIC.
Although it is early stages and investors should seek professional financial advice if considering this stock for their portfolio.
The discovery of this new gossan is vital because it sits within a structural corridor close to areas of known mineralisation, indicating the potential for copper discoveries as well as the previously known lead, zinc and silver mineralisation.
Visible copper mineralisation (malachite) from the copper gossan (Source: Victory Mines)
The copper gossan sample is now being analysed in a commercial laboratory in Perth. VIC intends to announce results as soon as they become available.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
