Victory West says committed to Sulawesi molybdenum project

Australian exploration firm Victory West Moly Limited (VWM) reported on Tuesday that it remained committed to ongoing exploration and development activities at its Malala Molybdenum Project located in Central Sulawesi.

?VWM maintains a full-time workforce of around 70 employees based at the Nancy Camp who continue to implement the Company's strategy to move the Anomaly B molybdenum prospect through to production,? the company said.

?Trenching is ongoing, with an additional five trenches to be excavated and sampled within the coming months. This aims to extend the bedrock geochemical anomaly from 800m in length to over 2,000m. The Company's geologists plan on undertaking geological mapping and sampling activities over two large target areas defined by molybdenum-in-soil geochemistry and recent stream sediment geochemical results.?

The company said it continued to plan a significant resource drilling program to be implemented within months to come. This program will focus on delineating a JORC-compliant resource at Anomaly B, drill testing a number of other high-priority targets located adjacent to Anomaly B, and developing new targets within neighboring tenements.(alex)