Victory Battery begins Georgia Lake exploration program

Jun 5, 2023

2023-06-05 11:52 ET – News Release

Mr. Mark Ireton reports

VICTORY LAUNCHES EXPLORATION PROGRAM AT ITS GEORGIA LAKE LITHIUM PROJECT IN ONTARIO

Victory Battery Metals Corp.’s exploration team is on site conducting its summer exploration program at its Georgia Lake lithium project in the Thunder Bay mining district, Ontario.

“The Georgia Lake lithium project is a strong lithium play in a proven lithium region. Our work program is being led by two geologists along with two prospectors and has been designed towards identifying geological or geochemical indicators of Li-bearing pegmatites on the Georgia Lake property,” said Mark Ireton, Victory’s president and chief executive officer.

Victory’s Georgia Lake lithium project exploration program details

The current exploration program consists of prospecting and sampling, as well as rock, till and stream sediment sampling directed toward identifying geological or geochemical indicators of Li-bearing pegmatites on the Georgia Lake property, and has been designed to build upon the information below:

Muscovite-bearing granites are associated with lithium-bearing pegmatites on Rock Tech’s property, which lies 1.8 kilometres west of Victory Battery Metals’ Georgia Lake property. The majority of the lithium-bearing pegmatites occur within the metasediments which underlie both properties. These granites are shown to the south and east of the Georgia Lake property on Pye’s 1965 regional map. This is the only mapping that has been done over Victory’s ground and is likely based on widely spaced traverses that would not have covered the area in detail.
As the property is underlain by metasediments, and muscovite granites occur close to the property to the west, south and east, Victory considers the Georgia Lake property to be highly prospective for Li-bearing pegmatites overlooked during regional mapping.

The discovery of new Li-bearing pegmatite prospects on the Rock Tech ground is considered very encouraging with respect to Victory’s program on its underexplored Georgia Lake property a few kilometres to the east.

About Georgia Lake Lithium

Victory’s Georgia Lake property is two km east of Rock Tech Resources’ advanced lithium project within the Georgia Lake lithium district and hosts numerous Li-bearing pegmatites.
A 2022 technical report on the Georgia Lake property produced a mineral resource estimate which outlined 10.60 million tonnes (Mt) indicated mineral resource at a grade of 0.88 per cent Li2O (lithium oxide) and 4.22 Mt of inferred mineral resource at a grade of 1 per cent Li2O.
In the Georgia Lake lithium district, spodumene-bearing pegmatites occur almost entirely within metasediments, usually spatially associated with mica-bearing granitic rocks. Regional mapping by Pye (1965) indicates that Victory’s Georgia Lake property is largely underlain by metasediments.
Pegmatites and mica granites are reported to the south, west and east of the property.
Mapping on Rock Tech’s ground has outlined additional bodies of mica granite not shown on Pye’s map, suggesting the possibility that previously unmapped mica granites and associated pegmatites may be found on Victory’s ground as well.

Scientific and technical information contained in this press release was reviewed and approved by Helgi Sigurgeirson, Victory geologist and a qualified person under National Instrument 43-101.

About Victory Battery Metals Corp.

Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

We seek Safe Harbor.

https://www.victorybatterymetals.com/