Iron Point Project

Exceptional Infrastructure

22 miles from Town of Winnemuca, where skilled mining personnel and suppliers are available.

Primary target area two kilometers north of Interstate 80.

High voltage transmission line runs through property.

Railroad line on northern property boundary.

Ample water supply in the area.

Source: Google Maps

Historical Exploration

  • Initially evaluated for vanadium by Newmont Mining in the 1960s.
  • In 1996, Aur Resources conducted a drill program, but also assaying for vanadium.
  • Historic drill results revealed a roughly circular mineralized zone approximately 1,000 meters in diameter.
  • In July 2018, Casino sampled a number of historical trenches that exposed mineralization over a 230m length. Casino's best trench returned 0.86% V2O5 over 29m of continuous cut, with individual 1.5m samples ranging from 0.31% to 1.51% V2O5.

Maiden Drilling

Above: Current Drilling at Iron Point
  • 73 hole, 8,400 meter - 3 rig problem recently completed, outlining one of North America's largest vanadium footprints - 700 m x 1,200 m in size.
  • Vanadium mineralization starts from surface and extends to a depth of 175 meters.
  • Two flat lying high grade zones identified, with each zone averaging 40 meters in thickness.
  • Deposit generally open in all directions.
  • Assays are completed by American Assay Labs, Reno, NV.

Maiden Drill Results


East - West Drilling

Cross section A-A’ (looking North) across Victory’s Stage 1 confirmation drill pattern showing grade
and distribution of vanadium mineralization in relation to the basic geologic framework.

North - South Drilling

Cross section B-B’ along Victory’s drill pattern showing grade and distribution of vanadium mineralization in relation to the basic geologic framework.

Preliminary Metallurgy


Cross Section C - C

Cross section C-C’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.

Cross Section D - D

Cross section D-D’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.

Cross Section E - E

Cross section E-E’ showing distribution of vanadium mineralization in relation to the current geologic interpretation

Cross Section F - F

Cross section F-F’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.

Cross Section G - G

Cross section G-G’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.

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