Victoria Resource Corporation: Diamond Drilling Intersects High Grade Gold at Mill Canyon, Nevada.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 13, 2004 Victoria Resource Corporation (VIT VIT Vitro VIT Vitality (Final Fantasy) VIT Vitreous VIT Victorian Institute of Teaching (Australia) VIT Vellore Institute of Technology (Tamil Nadu, India) :TSXV), a 36% owned affiliate of Bema Gold Bema Gold Corporation is a Vancouver, British Columbia based intermediate gold producer with operating mines and development projects in Russia, South Africa, Chile and Canada. Corporation, releases initial diamond drill results from the Mill Canyon Property in Nevada. Mill Canyon is a gold and silver exploration property located in the Cortez Mountains The Cortez Mountains are located in central Nevada in the United States. The range lies in a southwest-northeasterly direction between Crescent Valley and Pine Valley. Mount Tenabo is the principal peak of the range, at 9,162 feet above sea level. of North Central Nevada on the Battle Mountain Gold Belt. The property is adjacent to the old Cortez and Horse Canyon Horse canyon is a small canyon near the town of Boulder, Utah. It is one of the three canyons which meet at a fork and turn in to Horse canyon, which is followed down to the Escalante River. Little Death Hollow meets up with Horse canyon about 5 miles in. Mines and 1.6 kilometres east of Placer Dome's recently announced 5.5 million ounce Cortez Hills gold discovery. Drilling has concentrated on the Open Cut target which is believed to be in a structurally similar environment to the Cortez Mine and the Cortez Hills discovery. A total of 5 holes totaling 935 metres have been drilled to date and assay results have been received from 3 of the 5 holes. Hole OC-5 encountered four separate intercepts of "Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Style" gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. which are: 3.1 metres of 26.38 grams per tonne gold (g/t), 8.8 metres of 16.83 g/t gold, 26.2 metres of 3.82 g/t gold and 17.4 metres of 3.60 g/t gold. Significant intercepts are as follows:
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INTERVAL LENGTH GOLD
HOLE # ZONE (metres) (metres) GRADE g/t COMMENTS
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OC-1 0 - 4.5 4.5 1.36
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OC-2 0 - 6.4 6.4 4.79
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OC-3 Assays pending
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OC-4 Assays pending
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OC-5 1 2.1 - 5.2 3.1 26.38
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2 14.3 - 23.2 8.8 16.83
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3 48.8 - 75.0 26.2 3.82
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4 134.1 - 151.5 17.4 3.60
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The first three holes were drilled in the lower Open Cut target, whereas the remaining two holes are testing an area 245 metres to southwest that is separated by a post-structural fault zone. Gold mineralization is in decalcified and moderately to weakly weak·ly adj. weak·li·er, weak·li·est Delicate in constitution; frail or sickly. adv. 1. With little physical strength or force. 2. With little strength of character. silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. Wenban Limestone. Gold to silver ratios are very high and the gold is associated with higher arsenic arsenic (är`sənĭk), a semimetallic chemical element; symbol As; at. no. 33; at. wt. 74.9216; m.p. 817°C; (at 28 atmospheres pressure); sublimation point 613°C;; sp. gr. (stable form) 5.73; valence −3, 0, +3, or +5. contents. The gold zones encountered in OC-5 occur in a large decalcified area and are open along strike and down dip and have the potential to converge down plunge. Hole OC-4 was drilled under the zone and assays are pending. The diamond drill program is ongoing, currently offsetting OC-5, and several additional holes are planned to further define the down-hole limits of gold-mineralized zones encountered thus far in the higher Open Cut target. Decalcified zones are present to the west and east of this target suggesting the potential of encountering additional mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones. The lower Open Cut target has been tested with three holes and gold mineralization was encountered close to the surface in holes OC-1 and OC-2. The two holes encountered the same zone. Hole OC-3 was drilled below these two holes and assays are pending. This near-surface mineralization is localized above and associated with steeply to moderately SW-dipping dikes. Mineralization is open down a shallowly plunging intersection zone to the south. Hole OC-3 indicates that mineralization has been cut off by a post-structural fault immediately below (vertically) the old Open Cut (Emma E) mine at this target. A second drill has drilled 2 holes totaling 589 metres at the Scorpion scorpion, any arachnid of the order Scorpionida with a hollow poisonous stinger at the tip of the tail. Scorpions vary from about 1/2 in. to about 6 in. (1–15 cm) long; most are from 1 to 3 in. (2.5–7.6 cm) long. King target located 2 kilometers northwest of Open Cut. No significant results have been received to date and the drill will move to the Open Cut target as soon as the planned holes at Scorpion King are completed. In early December Victoria commenced geological mapping and geochemical sampling on its Hilltop-Slaven and Preble-Pinson "checkerboard checkerboard the pattern of a chess or draft board; used in many circumstances to display the results of mixing a specific number of variables. The variables are listed in columns designated along the horizontal border and the same or different variables in lines along the vertical " properties. Hilltop-Slaven is located on the Battle Mountain gold belt, approximately 27 kilometres southeast of Battle Mountain, Nevada Battle Mountain is an unincorporated community and census-designated place in Lander County, Nevada, United States. The population was 2,871 at the 2000 census. Though it has no legal status as a municipality, it still functions as the county seat of Lander County . One target area has been defined at the Hilltop-Slaven property to date. The Preble-Prinson property is located at the junction of the Battle Mountain and Getchell gold belts approximately 45 kilometres northwest of Battle Mountain, Nevada. ------------------------------------------------------------------- Hole Id Easting Northing Elevation Azimuth Dip Metres ------------------------------------------------------------------- ------------------------------------------------------------------- OC-1A 536422 4447503 7096 85 -45 19.2 OC-1B 536423 4447502 7096 85 -45 149.7 OC-2 536421 4447501 7096 118 -45 105.8 OC-3 536415 4447431 7112 40 -51 217.6 OC-4 536330 4447313 7235 47 -53 238.7 OC-5 536331 4447238 7332 80 -45 204.2 SK-3 535730 4448947 6298 120 -53 294.7 SK-2 535689 4448870 6115 140 -50 294.7 Drill core was logged, photographed and diamond saw-cut in half on site. One-half of the HQ diameter core was shipped to BSI-Inspectorate Laboratory in Reno, Nevada as the lead lab. Analysis by BSI BSI - British Standards Institute Labs included gold fire assay with atomic absorption (AA) finish; gravimetric analysis gravimetric analysis n. The determination of the quantities of the constituents of a compound. was also completed on samples grading greater than 3g/t gold. Certified control standards, coarse field blanks, and duplicates are inserted into the sample stream to monitor lab performance. The Qualified Person under National Mining Instrument 43-101 is Tom Garagan, P.Geo. For further information on Victoria please email investor@bemagold.com or visit our web site at www.victoriaresource.com. |
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