Victory Goldfields’ RC drilling at its Coodardy project has returned exceptional results including up to 54.3g/t gold.

The latest assay results include:

  • 5m at 15.2g/t gold from 37-42m including 1m at 54.3g/t gold from 38m (21CORC012);
  • 5m at 8.75g/t from 16-21m including 1m at 33.4g/t from 16m (21CORC08);
  • 5m at 7.86g/t from 25-30m including 1m at 30.8g/t from 28m (21CORC09);
  • 4m at 3.52g/t from 24-28m (21CORC02) and;
  • 7m at 1.4g/t from 22-29m (21CORC05)

The 1m fire assays confirmed recent impressive results from the project, with the aim now to convert the historical non-JORC compliant RAB and RC drilling to meet the requirements of JORC 2012.

The company has now commenced work on the mineral resource estimate (MRE) at the project, which it expects to complete by the end of this month.

Mineral resource estimate due this month

A 600m RC drilling program will begin this month, along with work on the MRE and Coodardy 3D model.

“Victory is very encouraged with the Coodardy assay results which provides evidence there is potential for the gold mineralisation to continue within the area covered by the RC drilling program which will commence around the middle of this month,” Victory Goldfields (ASX:1VG) executive director Brendan Clark said.

“With the latest grades from the fire assay program being far greater than the previously announced aqua regia results from the 4 metre composites, Victory remains optimistic with the outcome from the initial JORC 2012 mineral resource estimate work that has now commenced.”




This article was developed in collaboration with Victory Goldfields, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.