Victoria Resource Corporation: Drilling Intersects High Grade Gold at Mill Canyon, Nevada.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Feb. 26, 2004 Victoria Resource Corporation (TSXV:VIT VIT Vitro VIT Vitality (Final Fantasy) VIT Vitreous VIT Victorian Institute of Teaching (Australia) VIT Vellore Institute of Technology (Tamil Nadu, India) ), 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 additional diamond drill results from the Mill Canyon Property in Nevada Nevada (nəvăd`ə, –vä–), far western state of the United States. It is bordered by Utah (E), Arizona (SE), California (SW, W), and Oregon and Idaho (N). . 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 Cortez alluded to in a poem by Keats, mistaken for Balboa, as discoverer of Pacific Ocean. [Br. Poetry: “On First Looking into Chapman’s Homer”] See : Error 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 ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. 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 10 holes totaling 2,100 metres have been drilled to date in this section of the Open Cut target. Drilling has identified four high grade "Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Type" gold zones over a minimum width of 185 metres and minimum length of 125 metres. The system is part of a larger structural corridor which is a minimum of 430 metres wide and 4.6 kilometres long, the system remains open along strike and at depth. High grade 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. has been intersected in 8 of the 10 holes including OC-6 which intersected 7.6 metres of 24.5 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. (g/t) gold, hole OC-10; 9.1 metres of 40 g/t gold, OC-12; 3.1 metres of 66.8 g/t gold and hole OC-13; 7.6 metres of 35.5 g/t gold. Significant intercepts are as follows:
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INTERVAL LENGTH GOLD GRADE
HOLE # ZONE (metres) (metres) g/t COMMENTS
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OC-3 No Significant
Assays
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OC-4 No Significant
Assays
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(1)OC-5 1 2.1-5.2 3.1 26.98
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1 14.3-23.2 8.8 16.23
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2 48.8-75.0 26.2 3.82
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3 134.1-151.5 17.4 3.61 Formerly Zone 4
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OC-6 1 5.5-13.11 7.6 24.45
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Includes 1 5.5-8.53 3.1 52.67
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1 20.7-25.3 4.6 1.75
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1 98.2-101.2 3.1 5.27
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1 104.2-105.8 1.5 1.49
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OC-7 No Significant
Assays
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OC-8 1 3.1-6.1 3.1 59.45
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OC-9 1 5.2-30.1 25.3 9.9
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Includes 1 5.2-10.7 5.5 40.25
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1 44.8-49.4 4.6 7.74
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OC-10 2 0.0-3.7 3.7 8.42
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2 8.2-20.1 11.9 27.76
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Includes 2 8.2-17.4 9.1 39.95
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OC-11 2 0.9-7.9 7.0 22.37
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Includes 2 0.9-4.9 4.0 39.05
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OC-12 4 146.9-150.0 3.1 66.85
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OC-13 3 111.9-119.5 7.6 35.52
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Includes 3 114.9-119.5 4.6 51.35
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(1) Previously released
The gold zones occur as steeply plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: pipe-like 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. bodies which cut across bedding within large decalcified areas in Wenban Limestone limestone, sedimentary rock wholly or in large part composed of calcium carbonate. It is ordinarily white but may be colored by impurities, iron oxide making it brown, yellow, or red and carbon making it blue, black, or gray. The texture varies from coarse to fine. . All gold zones are open along trend and to depth. Zone 1 has the greatest length thus far exceeding an estimated 90 meters within the structural system and 15 to 20 meters in thickness. Drilling is currently testing this zone to significantly increase the length, width to the west, and to access the depth potential. Gold Zones 2, 3 and 4 were encountered during offset drilling from the previously reported hole OC-5. Zones 2 and 3 correspond to previously reported zones 3 and 4 first encountered in OC-5. Zone 4 is a new zone encountered in OC-12. The true widths of the gold zones are currently being defined, but are in the range of approximately 50% to 95% of the intercepts encountered thus far. The geometry geometry [Gr.,=earth measuring], branch of mathematics concerned with the properties of and relationships between points, lines, planes, and figures and with generalizations of these concepts. of the gold zones to date, the widths of the structures in which they occur, together with the overall width of the structural corridor, suggest that a larger gold system may be present at depth. Victoria's structural analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. work to date on core along with surface mapping, indicates that the zones form steeply plunging bodies that are may be convergent. Furthermore, the proximity of these gold zones to each other, their similar chemistry and consistent cross-cutting vein mineralogical min·er·al·o·gy n. pl. min·er·al·o·gies 1. The study of minerals, including their distribution, identification, and properties. 2. A book or treatise on mineralogy. relations, indicate common hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. fluid sources at depth. Victoria is in the process of working out the geometries of the gold zones encountered to date to test possible convergent zones at depth. At lease twelve more decalcified zones of size roughly similar to that of Higher Open Cut are present along the 4.6 kilometre structural corridor and have yet to be drilled. Victoria will continue to test the zones within the higher Open Cut and test the other decalcified zones as permitting allows. 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 See certification. 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. To speak to a representative of the Company please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at 604-681-8371. --------------------------------------------------------------- Hole Id Easting Northing Elevation Azimuth Dip Metres --------------------------------------------------------------- --------------------------------------------------------------- OC-3 536416 4447429 2181 40 -50 217.7 --------------------------------------------------------------- OC-4 536335 4447311 2203 61 -52 238.7 --------------------------------------------------------------- OC-6 536337 4447232 2241 124 -43 246.3 --------------------------------------------------------------- OC-7 536302 4447271 2226 87 46 163.7 --------------------------------------------------------------- OC-8 536337 4447232 2241 123 -64 167.7 --------------------------------------------------------------- OC-9 536337 4447232 2241 150 -45 215.5 --------------------------------------------------------------- OC-10 536382 4447269 2225 180 -48 174.4 --------------------------------------------------------------- OC-11 536382 4447269 2225 83 -80 178.7 --------------------------------------------------------------- OC-12 536364 4447241 2237 83 -45 220.1 --------------------------------------------------------------- OC-13 536382 4447269 2225 83 -48 241.5 |
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