Victory Mountain Ventures Ltd.

Victory Mountain Ventures Ltd.

April 09, 2014 09:00 ET

Victory Mountain Starts Phase One Exploration on Ells River Silica Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2014) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") is pleased to announce that phase one Stratigraphic Compilation and Investigation is now underway. The team at Apex Geoscience Ltd, lead by Michael Dufresne, is currently compiling the abundant oil and gas information for the Ells River Silica property and constructing a 3-D model of potential clean silica-rich sands for certain target areas into a volume estimate for the Pelican formation over the next couple of months. The second phase of work, which will be field based, could commence as early as May and will involve mapping, sampling and either drill testing or trenching in order to progress to a NI 43-101 compliant resource estimate late this year or early next year.

Apex Geoscience Ltd., based in Edmonton, has extensive experience in the Western Canadian sedimentary basin, including oil and gas, sand and gravel, crushed rock aggregate, and oil sands, and has a solid working knowledge of Alberta government regulatory policies, including exploration permitting, assessment reporting and continuing relationships.

CEO Patrick Morris commented: "We are pleased to have Michael and his team at Apex initiate the first phase of geological exploration on Ells River. This first phase of work and expenditures confirms just how quickly and economically, relative to traditional mining exploration, we can complete a volume estimate of Pelican sand and approach our first milestone of a 43-101 compliant resource estimate on the property." Morris adds, "Horizontal drilling and hydraulic fracturing methods have revolutionized the process of extracting these natural resources, our goal is to be one of a small group of Canadian companies to produce a domestic supply of high quality frac sand."

The content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Silica (Frac Sand), Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors


Patrick Morris, CEO and Director

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Contact Information