Victory is on the hunt for more gold drilling targets

Victory has started an auger drilling program on the recently granted Emily Wells North tenement to identify drill targets based on gold in soil geochemical results.

The 346-hole program is being carried out in an area that has had no exploration within PL20/2410, which is immediately north of its Emily Wells project where shallow economic historical drill intersections are noted at the Oxonia Pit.

Victory Goldfields (ASX:1VG) adds that auger drilling has also been planned for a number of projects that will be followed up by a reverse circulation drilling program.

The 3,550m RC program will test new targets along with extensions to known gold mineralisation at the Coodardy, Emily Wells and Nemesis (Tuckanarra) projects.

At Coodardy, the company plans to carry out 1,150m of drilling in known historical gold mineralisation where previous drilling had returned results such as 12m at 4.5 grams per tonne (g/t) gold from a depth of just 12m and 14m at 4.21g/t gold from 14m.

Over at Emily Wells, 1,200m of RC drilling will be carried out to test the gold anomaly along strike from the Oxonia pit mineralisation.

Victory will also drill 1,200m at Nemesis (Tuckanarra) to test the recently identified gold anomaly.

Historical potential

The company’s projects in Western Australia’s Cue goldfields region have a history of historical gold production but have seen little modern exploration, which offers opportunities for the discovery of new mineralisation or extensions of existing mineralisation.

Coodardy exploration has been described by the company as being more like infill drilling given the presence of the historical drill holes, while more than 600m of gold in soil anomalies have been recorded north of the Oxonia pit at Emily Wells.

Nemesis (Tuckanarra) is adjacent to the work being carried out by Odyssey Gold (ASX:ODY) at the promising Bottle Dump project.

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.