Victory Ventures Inc. (Google Finance CVE:VVN – VVN)- Commencement of trading August 2, 2011 – Gross proceeds received by the Company for its IPO (initial public offering) were $1,050,000 consisting of 7,000,000 units priced at $0.15 per unit, with each unit consisting of one common share and one transferrable common share purchase warrant.
A New company, low shares issued & outsatnding (15.7M)
a low trading price 0.06-0.07
New property next to a massive copper / gold mine.
VVN Announced the commencement of exploration on its Gold, Silver & Copper Blustry Mountain Property in BC. (Sept 12, 2011) – Announced official trading on the Frankfurt Stock Exchange. (Oct 11, 2011) – The Blustry Mountain property is a 43-101 compliant epithermal gold-silver prospect, with vein or replacement style mineralization, situated approximately 10 kilometers east of the town of Lillooet, BC. The property comprises 22 mineral claims covering 9,404 hectares, and includes a known epithermal gold-silver target called the Top Hat Showing. – Past exploration on the Blustery Mtn. included soil and rock geochemistry, and an Induced Polarization (IP) survey in the Top Hat Showing area.
Victory Ventures Acquires New Gold & Copper Properties (Dec 14, 2011)
The Copau Gold & Copper properties are approximately 11 kilometers to the south of Imperial Metals Corporation’s Red Chris copper deposit. Imperial Metals is working towards development of a 30,000 ton per day open pit mine.
Red Chris Mine – Imperial Metals Corp. http://www.imperialmetals.com
- Reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold provide for a 28 year project life at a milling rate of 30,000 tonnes per day.
- The Red Chris ore body is exposed at surface resulting in a comparatively limited pre production phase.
- Recovered metal in concentrate would total 2.08 billion lbs copper and 1.324 million oz gold.
Quick Facts about Victory Ventures
Victory’s Copau properties are crossed by a main gravel road extending eastward toward the old BC rail line.
Mapping by the BC Geological Survey in 1994 led to the discovery of the B31 copper showing, in which magnetite, chalcopyrite and lesser pyrite occur in proximity to fractures and cataclastic microstructures within a small syenitic stock.
A magnetometer survey outlined a prominent magnetic anomaly trending northwestward from the showing.
The property, which has not been drilled, is prospective for: Alakalic copper gold porphyry, or Skarn hosted copper gold mineralization.
An exploration and drilling program is expected in spring of 2012.
Shares I/O -15,760,000
52 wk Hi – Lo 0.17 – 0.06