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.

Maiden Drilling

  • 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.
  • Preliminary metallurgy was conducted on a composite from 6 dispersed core holes at atmospheric pressure, achieving recoveries up to 94.3%
  • Phase I and Phase II drilling have been completed.
img Current Drilling at iron Point
Iron Point Drilling Summary
Drill Season 2018 2019 Current Total
# RC Holes 68 42 110
RC Meters 7,934m 8,070m 16,004m
# Core Holes 4 11 15
Core Meters 526m 1,675m 2,201m
Total Meters 8,460m 9,745m 18,205m

Maiden Drill Results

Phase II Drilling

East - West Drilling

North - South Drilling

A Carlin Style Gold Deposit At Iron Point?

Iron Point is located at the intersection of the Battle Mountain and Getchell Gold Trends, and is on trend with several high-grade, world-class gold mines including Twin Creeks, Getchell/Turquoise Ridge, and Marigold.

Free Lottery Ticket At Iron Point

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Intrusive
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Victory’s 100% owned
Vanadim Zone
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Ethos/Victory 50/50
Gold Target
North looking cross section, which illustrates the deeper geological interpretation at Iron Point, including the conceptual Carlin style gold target.
Cross Section C - C’
Cross Section D - D’
Cross Section E - E’
Cross Section F - F’
Cross Section G - G’
Iron Point Vanadium ProjectHumboldt County, NVMarch 2019
Cross section C-C’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.
Cross section D-D’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.
Cross section E-E’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.
Cross section F-F’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.
Cross section G-G’ showing distribution of vanadium mineralization in relation to the current geologic interpretation.
Iron Point Vanadium ProjectHumboldt County, NVMarch 2019

Historical Exploration

1960’s

Initially evaluated for vanadium by Newmont Mining in the 1960s.

1996

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.

2018

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.

Victory Metals - Ethos Gold Deep Drilling

EG-5 1631’ - 1635’ Center of photo. Silicified-pyritized veining in strongly argillized/sericitized Plagioclase Porphyry intrusion near brecciated contact with silicified limestone. Irregular black bands are silica flooding containing black, very fine grained sulfides. EG-5 1631’ – 1635’ Brecciated, strongly silicified limestone with dark silica-sulfide cementing the breccia. At the same intrusive contact as at DCN 3310 EG-5 1631’ - 1635’ Dark silica-pyrite veins cutting strongly silicified, brecciated limestone. EG-5 1646’ Chalcedonic flooding in thin-bedded limestone near skarn contact. Dark material within light-colored chalcedony is very fine grained sulfides. EG-5 1660’ Contorted, thin-bedded carbonaceous limestone host rock with white calcite forming a network of veins and in-filling collapse breccia. This rock was first encountered at 1387’ and continues to the bottom of the hole. EG-5 1735’ Massive pyrite mineralization in brecciated, decalcified limestone at contact with Plagioclase Porphyry intrusion. Dark pyrite is cementing the breccia. Surrounding limestone is strongly silicified. EG-5 1738’ - 1740’ Strong decalcification and collapse breccia in strongly bleached, completely silicified thin-bedded limestone. EG-5 1747’ Dark gray, completely silicified thin-bedded limestone with white calcite in-filling collapse breccia. Decalcification textures form holes and pits in the core surface. Calcite forms fine networks of veinlets and also “ladder veins”, both types being common. EG-5 1797’ Silica-pyrite replacement along bedding planes in completely silicified thin-bedded limestone. Detailed view of brassy-colored pyrite. EG-5 1797’ Brassy-colored silica-pyrite replacement along bedding planes within dark gray, completely silicified thin-bedded limestone. EG-5 2083’ - 2087’ Gray, partially decalcified (sanded) muddy limestone beds intercalated with dark gray completely silicified limestone beds hosting network quartz-calcite micro veinlets (white color). EG-5 2123’ Dark gray completely silicified limestone beds with strong quartz-calcite micro veining next to gray non-silicified muddy limestone (on left). Photo illustrates importance of host rock composition in controlling fracture density and alteration.

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