Victory Resources seeks Rich Lake landholding increase
VICTORY PROVIDES RICH LAKE LITHIUM UPDATE
Victory Resources Corp. is in the process of increasing its Rich Lake lithium project landholdings, which are located 360 kilometres north of Thunder Bay, and within 20 kilometres of Fort Hope in north-central Ontario. The property is situated within the Fort Hope greenstone belt, which hosts in this area numerous pegmatite dikes, which have been explored for lithium and precious metals since the 1950s.
The company has arranged the preparation of an NI 43-101 report to be completed by an independent third party qualified person (John Archibald, PGeo). An active work program is currently in process, including mapping and sampling of the known prospective resource areas. The company anticipates releasing results soon.
Due to non-performance, the joint venture announced in the Victory Resources news release on Aug. 31, 2016, between Victory Resources and Urban Mining Ventures Inc., has been terminated, and the company (Victory Resources) retains 100-per-cent ownership of the property.
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