Welcome to our dedicated page for Maverick Gold and Silver news (Ticker: VRCFF), a resource for investors and traders seeking the latest updates and insights on Maverick Gold and Silver stock.
Maverick Gold and Silver Corp. reports news centered on an exploration-stage portfolio of gold, silver, and copper properties in British Columbia and Nevada. Company updates focus on property staking, sampling, mapping, historic data review, and project-development work, with recurring emphasis on the Jericho property in Lincoln County, Nevada.
News also covers corporate identity and market-structure updates following the company's name change from Supreme Critical Metals, along with governance changes, technical-advisory appointments, and mining-investment conference participation tied to its exploration strategy.
Victory Resources Corp. (OTC Pink: VRCFF) has secured additional funding to initiate its first drilling program at the Loner Property in Nevada. Following the acquisition in December, the company offers a 500-meter short hole drilling program, pending weather conditions and permits from the Nevada Bureau of Land Management. The program aims to confirm historical gold-bearing quartz veins and assess anomalous soil zones identified by previous analyses. The project is strategically located near the Goldbanks Project and is considered highly prospective for gold and copper mineralization.
Victory Resources Corporation (CSE:VR) has received approval for a 500m short-hole drill program at the Loner Property in Nevada from the Bureau of Land Management. This initial drilling aims to confirm intersections of gold-bearing quartz veins associated with historical mining. The program is set to begin in March 2021, contingent on weather. Additionally, 492,000 stock options were cancelled to align interests of holders with shareholders. The Loner Property, located near significant projects, shows promising mineralization potential.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) announced plans to conduct an IP survey followed by a drilling program at its Mal-Wen property in British Columbia, aimed at exploring an alkalic porphyry deposit. The permit application covers a significant area believed to include a major fault linking the Mal and Wen prospects. The company intends to complete the IP survey in late spring and follow up with drilling during the summer. Mr. Helgi Sigurgeirson, the company geologist, highlighted the area's potential for valuable mineral deposits, referencing nearby projects like Kodiak Copper's.
Victory Resources Corporation announced progress on their operational plan in Nevada, focusing on the Loner Property. The company has secured year-round access and is advancing a 500m short hole drill program, pending final permitting. The permitting process has reached the last stages with the bond posted to the Bureau of Land Management (BLM). Exploration continues in the region, with plans to stake additional claims. The Loner Property is strategic, located near the Goldbanks and Coronado VMS Projects.
Victory Resources Corporation has received an Acknowledgement of Receipt from the Bureau of Land Management for its drilling permit application for the Loner Property. This advancement comes after the company submitted the required payment guarantee for the bond. Once the permit is finalized, Victory plans to conduct a drill program consisting of 7 to 10 diamond drill holes totaling 500m. The objective is to characterize mineralization in the exposed workings and assess an area of anomalous soils for gold.
Victory Resources Corporation has announced the acquisition of the Lac Simard Property in Quebec from Archie Capital Inc.. The property is strategically located 5 km south of Val-d'Or, adjacent to Agnico Eagle's Goldex claim block, within a region that hosts three operational gold mines. The acquisition involves 5 million shares priced at 0.115 CAD and $25,000, with shares subject to a four-month hold. Experts expect this property to enhance Victory's mineral portfolio in a prolific mining region.
Victory Resources Corporation has successfully closed a non-brokered flow-through unit financing, raising $178,000 through the sale of 1,780,000 equity units priced at $0.10 each. Each unit includes one flow-through common share and a warrant exercisable for two years at $0.15. The company intends to allocate these proceeds towards its exploration properties in British Columbia. Following this financing, the total shares outstanding will be 50,173,415. The warrants may expire early if shares trade over $0.20 for 10 trading days.
Victory Resources Corporation (OTC PINK:VRCFF) announced the initiation of its first phase work program for the Mal-Wen property in British Columbia, aimed at identifying drilling targets.
This program involves a magnetometer survey, geological mapping, and sampling, with completion expected by October 1, 2020, at a cost of $25,000 to $50,000.
The next phase, contingent on permitting, will include an IP survey followed by diamond drilling, advancing Victory's efforts in exploring Au-Cu alkalic porphyry deposits.
Victory Resources Corporation has commenced the first phase of exploration on the Hammond Reef South Project, which is adjacent to Agnico Eagle's Hammond Reef Project in Northwestern Ontario. The project, optioned from Abitibi Royalties, aims to assess gold mineralization potential identified by Osisko Mining. The initial stage involves prospecting and mapping, with 15 samples already sent for analysis. Agnico Eagle's adjacent project boasts a significant mineral resource of 4.5 million ounces of gold. Exploration efforts will seek to further define drill targets based on analyzed results.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) has successfully completed the final tranche of its non-brokered common share unit private placement, raising $373,025.03 from the sale of 4,973,667 units at $0.075 each. This follows an earlier tranche that garnered $1,769,600. The proceeds will be utilized for general working capital, acquisitions, and exploration programs in British Columbia. Notably, securities from the final tranche are under trading restrictions until December 26, 2020.