Victory Battery plans work program at Tahlo Lake

Mar 17, 2023

2023-03-17 07:57 ET – News Release

Mr. Mark Ireton reports

VICTORY ANNOUNCES EXPLORATION PLANS FOR ITS TAHLO LAKE PROJECT IN BRITISH COLUMBIA

Victory Battery Metals Corp. has provided its initial exploration plan for its wholly owned Tahlo Lake property in British Columbia’s prolific Babine copper-gold porphyry district, eight kilometres northwest of American Eagle Gold’s NAK property.

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 NAK property, the Morrison deposit and the historical Bell and Granisle mines.
The Tahlo Lake property overlies a significant north-northwest-trending magnetometer high within the Hazelton group rocks. Porphyry copper-gold mineralization in the Babine camp is often associated with mag highs.

Recently American Eagle Gold has been having positive exploration results on its NAK property, releasing results on Jan. 25 describing drilling 527 metres of 0.45 per cent copper equivalent (CuEq) from surface, including 185 metres at 0.74 per cent copper equivalent, and ended in high-grade mineralization (88 m at 0.98 per cent CuEq) (1).

Tahlo Lake initial work program highlights

Geological mapping and interpretation of the overburden anomalies will be assisted by an airborne magnetometer survey over the property in March, 2023.
Assisted by results, the company will initiate a 10-day work program in late June to assess whether the Noranda soil anomaly represents a window through the till, and could be part of a larger mineralized system. This is suggested by the widespread but erratic, anomalous copper, zinc and gold results in regional till and stream sediment sampling on different parts of the property.
Mapping and sampling will be undertaken to characterize the overburden and aid in the interpretation of the anomalies. As no detailed work has been done on the property aside from the Noranda soil survey, prospecting and reconnaissance mapping will also be undertaken.

“Victory’s exploration team recently expanded the Tahlo Lake property, building upon our research efforts, where historical findings showed significant promise,” noted Mark Ireton, Victory Resources president. “With the success of Victory’s recent raise, the company is in a strong position to advance key properties in both Canada and USA, and in addition to the upcoming drilling on our Smokey lithium property in Nevada, our team is very excited about the prospects for Tahlo Lake.”

About the Tahlo Lake property

Victory’s 1,688-hectare Tahlo Lake property lies within the Babine copper-gold porphyry district eight km northwest of American Eagle’s NAK property, and 16 km northwest of the Morrison deposit.
The Tahlo Lake property is adjacent to the same north-northwest-trending fault as the Morrison deposit and underlain by Jurassic Hazelton group rocks.
Babine porphyry deposits, such as NAK, Morrison, Bell and Granisle, are hosted by Jurassic strata and associated with major north-northwest-trending faults.
The property overlies a significant north-northwest-trending magnetometer high within the Hazelton group rocks. Porphyry Cu-Au mineralization in the Babine camp is often associated with mag highs.
A regional geochemical survey silt sample in the centre of the property returned over the 96th percentile for Cu and over the 98th percentile for Zn. Surrounding RGS samples form a cluster of elevated Cu and Zn values.
Noranda reported a linear soil anomaly approximately 50 metres by 500 m, trending north-northwest, with Cu values ranging from 60 to 720 parts per million Cu to the southwest of the area drained by the highly anomalous silt sample site. Noranda never followed up on the anomaly and no work has been reported since.
A regional till sample taken about half a kilometre east of the soil anomaly returned elevated Cu and highly anomalous Zn (over 98th percentile). A till sample about two kilometres down ice from this site on the returned over the 95th percentile for Au.
Another till sample on the newly staked property returned 49 parts per billion Au, which is over the 98th percentile for the region.

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.

(1) See American Eagle website.

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/