InvestmentPitch Media Video Discusses Victory Battery Metals and its Receipt of Drilling Allow Approval for its Smokey Lithium Property in Nevada
VANCOUVER, British Columbia, March 09, 2023 (GLOBE NEWSWIRE) — Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF), a diversified funding company with mineral pursuits in North America, has obtained drilling allow approval for its Smokey Lithium Property in Nevada. The Smokey Lithium property is positioned in Esmeralda County, a prolific area for lithium clay deposits, roughly 20 miles north of Clayton Valley, dwelling to the one producing lithium operation within the US at Silver Peak, and 20 miles west of American Lithium’s flagship lithium undertaking.
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The property surrounds the Jindalee Clayton North property on three sides, with glorious entry and comparatively flat floor. Fascinating to notice that Jindalee Assets simply reported an up to date useful resource for its McDermitt Mission, positioned to the north on the Nevada-Oregon border, which is now estimated to carry mixed indicated and inferred mineral assets of three billion tonnes grading 1,340 elements per million, making it the most important lithium deposit within the U.S. by contained lithium.
Mark Ireton, President and CEO, acknowledged: “We’re thrilled to obtain approval for our superior drill program on our Smokey Lithium property. As introduced final week, in anticipation of approval for drilling newly recognized gap areas within the space of curiosity contiguous with the southwest a part of the unique declare block, we’ve secured all of the assets required to launch our drilling program within the close to future, climate relying.”
Following the preliminary drill program, the exploration staff carried out extra detailed floor mapping of outcropping beds of lithium mineralized claystone, an in depth evaluation of assay outcomes on the varied clay beds and at last, a Tromino passive seismic survey to grasp the faulting that will certain the deposits edges. All of this knowledge has been processed and transformed to geologic cross sections and complicated maps, proprietary to the corporate.
Upon completion of the map work, an approximate 2.5 sq km space was recognized as excessive precedence for additional exploration. This new Space of Curiosity resides inside 91 newly staked claims and is contiguous with the southwest a part of the unique declare block. The amended drill allow consists of the brand new top quality drill targets and seeks to increase sturdy lithium mineralization intersected in Gap 09, which led to sturdy, claystone hosted, lithium mineralization at 417 toes. Administration considers the brand new drill targets to be an ideal mixture of step out drilling on a earlier mineralized intersection together with grassroots targets of claystone sediments throughout the Weepah Detachment fault and underlying claystones of the Esmeralda Formation.
The undertaking space and surrounding lands present sturdy lithium mineralization with the Esmeralda Formation at floor. When mixed with the extremely encouraging outcomes from Victory’s first spherical drilling, accomplished in 2022, administration considers the undertaking space to be extremely potential.
In Quebec, the current acquisition of 280 new Stingray claims totalling 14,375 hectares was a major addition to the unique 67 claims, which totalled 3,417 hectares, giving the corporate a big floor place in an underexplored space inside an rising lithium district. The Stingray declare blocks vary from adjoining to Patriot Battery Metals’ Corvette lithium property, to a number of kilometers away, spanning greater than 65 km of east to west strike size.
Benchmark Minerals Intelligence estimates that roughly 59 new lithium mines want to come back on-line by 2035.
The shares are buying and selling at $0.085. For extra data on the corporate and its different properties, please go to the corporate’s web site www.VictoryBatteryMetals.com, contact Mark Ireton, President and CEO, at 236-317-2822 or by electronic mail at data@VictoryBatteryMetals.com.
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