Victory Battery Metals begins drilling at Smokey

Mar 21, 2023

2023-03-21 09:57 ET – News Release

Mr. Mark Ireton reports

VICTORY’S HIGHLY ANTICIPATED DRILLING PROGRAM STARTS AT SMOKEY LITHIUM, NEVADA

Victory Battery Metals Corp. has started its second-phase drilling program on its Smokey lithium property in Nevada.

Victory’s second-phase, three-hole drill program includes high-quality drill targets seeking to extend strong lithium mineralization intersected previously on the property’s hole 09, which ended in significant, claystone-hosted lithium mineralization at 417 feet. The program is anticipated to be completed within a two-to-three-week period, pending weather.

Drill program summary:

The new drill targets are a perfect combination of stepout drilling on a previously mineralized intersection along with grassroots targets of claystone sediments within the Weepah Detachment fault and underlying claystones of the Esmeralda formation*.
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 holes in this phase of drilling will test the total mineralized depth of hole 09.
The holes are being drilled 500 to 1,000 ft away from mineralized hole 09, such a distance to grow a resource as well as manage risk.

“Building on our extensive exploration on Smokey lithium, our team has a high level of confidence in our understanding of the resource potential, which has informed the locations of the drill target intercepts now under way and which are aimed at establishing the maiden resource potential of the property,” said Victory president and chief executive officer Mark Ireton.

*Additional exploration goals of the drill program include drilling through the locally mineralized sediments above the Weepah Detachment fault. This is important to grow Victory’s understanding of a significant area of known lithium mineralization, including potentially important claystone-hosted lithium discoveries made in 2017 by Jindalee Resources to the immediate south of the property.

The exploration efforts of both Victory and Jindalee have shown that the most southern portion of the Smokey Valley is underlain by claystones, ashstones and mudstones of the Esmeralda formation. This geology is critical for success in the region where large, blanket-like mineralized sections have been recently found.

Detailed geologic mapping by Victory at the project has identified the contact of the Weepah Detachment slide block. This slide block conceals the Esmeralda formation in the southern portion of the property. Lithium mineralization within the Weepah sediments as noted by the U.S. Geological Survey. Victory sees the potential to drill through mineralized Weepah sediments and down into mineralized Esmeralda formation sediments. The drill targets discussed in the news release are targeted at that geologic setting with goal of significantly expanding the known lithium mineralization on the property.

About Smokey lithium, Nevada

Victory’s Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium’s flagship lithium project. Smokey Lithium is located northwest of Cypress’s Clayton Valley lithium project and to the southwest of American Lithium’s Tonopah lithium claims property in southwest Nevada. Esmeralda county, Nevada, is a prolific region for lithium clay deposits (Noram, Cypress, American Lithium, Spearmint, Enertopia and Jindalee).

The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a qualified person as defined 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/