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Market:	ASX
Sector:	General Mining
EPIC:	VWM
Latest Price:	0.05 (6.12% )
52-week High:	0.16
52-week Low:	0.04
Market Cap:	8.70M

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Victory West Metals

Victory West Metals (ASX: VWM FRA: R1E) is building a resource portfolio in South East Asia with its cornerstone Malala Molybdenum Project in the Toli Toli Province in North Sulawesi and, subject to due diligence, the right to earn a 75% interest in a copper-gold porphyry project in South Sulawesi.

Victory West Moly announces details of ongoing trenching at Anomaly B in Indonesia

Monday, November 23, 2009

Victory West Moly (ASX: VWM) has revealed the latest results of ongoing trenching at Anomaly B, located within the PT Inti Cemerlang concession at the Malala Molybdenum Project in Sulawesi, Indonesia.

The latest trenching results extend anomalous bedrock mineralisation to 1.2km, with a further 800m planned for testing. Several broad zones of continuous molybdenum mineralisation have been recorded, with highlights including 540m @ 580ppm Mo, including 70m @ 1300ppm Mo in trench 800RL, 660m @ 400ppm Mo in trench 750RL and 130m @ 736ppm Mo including 35m @ 1194ppm Mo in trench 850RL.

A detailed 3-dimensional double-offset dipole-dipole (DODD) IP survey ia planned to cover a 3.2 x 2.6km area over Anomaly B.

The latest assay results from ongoing contour trenching at Anomaly B show the molybdenum-in-bedrock anomaly to extend over 1.2km in continuous strike length. Trenches are spaced at 50m contour intervals and have been excavated by hand to expose bedrock which has been continuously sampled using 5 metre composite samples.

Trenching to date has focussed on the north western side of Angkadoat Creek, where the trenches have returned broad continuous zones of anomalous molybdenum. Three lines have now been excavated on the south eastern side of Angkadoat Creek, with the majority of assay results still awaited. Trenching is expected to continue in this area, particularly the extension of the 750RL-C trench, with the aim of defining a continuous molybdenum-in-bedrock anomaly stretching over 2km in length and up to 350m wide.

Meanwhile, A 3-dimensional DODD IP survey, planned over the Anomaly B prospect area, is due to begin by the end of 2009.

Establishment of the survey grid is well advanced, with approximately half of the grid lines cut to date.

It is expected this survey will generate high-quality targets which will be tested by diamond drilling during 2010.

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