News

Victory Battery Metals Corp. Announces Closing of Acquisition of Georgia Lake Claims and Shares for Debt Transaction with Plateau Ventures LLC May 02, 2023 3:00 PM

Onsite geological assessment indicates significantly expanded the area and thickness of the targeted claystone sequences of the Esmeralda Formation at Smokey Lithium
The drill program included 4 holes, with a combined total of 1966.5 feet of drilling
The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined with the highly encouraging results from Victory’s first round drilling (completed in 2022) the project area is highly prospective

Victory’s Smokey Lithium drilling program has completed drilling on three holes and based on in-field findings has expanded the program to a fourth hole in an effort to determine the depth and breadth of its potential lithium deposit
Based on its assessment of core from the first three holes, the Company determined it was favorable to drill a fourth hole in this program, taking full advantage of the team and equipment on site
Expanding from 3-holes to 4, the current drill program focuses on a 2-3 km sq. area with lowered risk, having a high likelihood to intersect lithium rich clays via drilling, and may indicate maiden resource potential

VRPDH-1 has successfully completed, intersecting claystone at 268 feet through to 527 feet, serving to verify deposit depth beyond where Hole-09 ended in strong lithium mineralization at 417 feet during the 2022 drill program
Drill hole locations have been selected to extend strong lithium mineralization, intersected on initial drill program in 2022 in Hole-09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined with the highly encouraging results from Victory’s first round drilling (completed in 2022) the project area is highly prospective

Drill hole locations have been selected to extend strong lithium mineralization, intersected on initial drill program in 2022 in hole 09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
Victory’s 3-hole drill program focuses on a 2-3km sq. area with lowered risk, having a high likelihood to intersect lithium rich clays via drilling, and may indicate maiden resource potential
Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, the Company has developed proprietary maps showing highly detailed visual cross sections to understand the faulting that would bound the deposit’s edges

Initial work to begin this month on Victory’s wholly owned Tahlo Lake Property in B.C.’s Babine Copper-Gold Porphyry District
British Columbia’s Babine Copper-Gold Porphyry District contains American Eagle Gold Corp.’s (TSXV: AE)’s NAK property, the Morrison deposit and the historical Bell & Granisle mines
The Tahlo Lake property overlies a significant NNW trending magnetometer high within the Hazelton Group rocks. Porphyry Cu-Au mineralization in the Babine camp is often associated with mag highs

Victory’s amended drill permit for its Smokey Lithium, Nevada Property has been approved, allowing the Company to advance its drilling program
New drill hole locations have been selected to extend strong lithium mineralization intersected previously on the property in hole 09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, Victory’s focus is on a 2-3km sq. area with lowered risk, having a high likelihood to intersect lithium rich clays via drilling, and may indicate maiden resource potential

Property represents a large, under-explored land package adjacent to Rock Tech’s near term Georgia Lake Lithium deposit
The Georgia Lake Lithium District has a proven track record of economic Li deposits dating back to the mid 1950’s
Rock Tech Lithium (TSXV: RCK) is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby Li mines

Victory secures drill team in highly competitive market to ensure its Smokey Lithium project can advance expediently pending drill permit amendment approval
Drill hole locations have been selected to extend strong lithium mineralization intersected previously on the property in hole 09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, the Company has developed proprietary maps showing highly detailed visual cross sections to understand the faulting that would bound the deposit’s edges