Victory Conducts Geological Program on Smokey Lithium Property

2-Day Reconnaissance Program Initiates Aggressive Exploration Timetable for New Discovery

Victory Resources Corporation (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company has conducted a geological program on the newly acquired Smokey Lithium property

Victory has completed a 2-day reconnaissance sampling program on the Smokey Lithium Property. The program was carried out on March 19 and 20. The purpose of the program was to provide a preliminary assessment of the geology of the property, collect samples from select areas of interest, and assess access to the claims. Mudstones were observed on the property similar to those on the adjacent Jindalee Property, where mudstones have returned assays up to 930 ppm Li. Twenty grab and chip samples were collected from two areas underlain by mudstone, though most of the property remains unevaluated. The samples have been shipped to ALS Laboratories for analysis. Access is good to those parts of the property that were visited.

Victory Resources is in the process of putting together an aggressive program to explore for a new discovery in this lithium rich part of Nevada. The Smokey Lithium Property is 25 km northwest of Noram's Zeus Li Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada.

Scientific and technical information contained in this press release was reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.

The Company also announced that it has engaged Venturecap Consultants Corp. for $30,000USD to provide investor awareness services for one month.

About the Smokey Lithium Project
The Smokey clay lithium project lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's flagship lithium project. The property can be accessed just off a main highway and 2-track dirt road. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee).

For further information, please contact:
David Lane, President
Telephone: +1 (236) 317-2822
Toll-Free: +1 (855) 665-GOLD (4653)

About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Victory Resources Corp.

View source version on

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)

Li-Cycle and Glencore Accelerate Operational Plans for European Recycling Hub

Two-phase approach to the Portovesme Hub project in Sardinia, Italy initiated to fast-track the production of lithium carbonate to the first half of 2024

Phase 1 designed to process up to 11,000 tonnes of black mass annually, in advance of the full-scale Phase 2 project, planned for 50,000 to 70,000 tonnes of expected annual processing capacity

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
High Tech Metals Limited

High-Tech Metals Limited (ASX: HTM) – Reinstatement to Quotation


The suspension of trading in the securities of High-Tech Metals Limited (‘HTM’) will be lifted immediately following the release by HTM of an announcement regarding material acquisitions.

Keep reading...Show less
High Tech Metals Limited

HTM Acquires Historical Nickel Sulphide Project - Canada

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company) is pleased to announce it has entered into an agreement to acquire the Norpax Deposit (Norpax) and acquired an option to purchase the Reynar Lake Project (Reynar Lake) (Together, the Projects) which are both located in Ontario, Canada. The Projects are directly west and adjoin the Company’s existing project, Werner Lake Project (Werner Lake, or the Project), located in northwestern Ontario.

Keep reading...Show less
High Tech Metals Limited

High-Tech Metals Limited (ASX: HTM) – Suspension from Quotation


The securities of High-Tech Metals Limited (‘HTM’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of HTM, pending the release of an announcement regarding material acquisitions.

Keep reading...Show less
High Tech Metals Limited

Summer Sampling Program Returns High-Grade Nickel Sulphide, Copper, And Cobalt Assays - Werner Lake Project

High-Tech Metals Limited (ASX: HTM) (High-Tech, or the Company) is pleased to announce significant results have been achieved through the Ni-Cu-Co geochemical assessment of 209 rock samples collected during the 2023 field season at Werner Lake Project (Werner Lake, or the Project) located in northwestern Ontario.

Keep reading...Show less
cobalt periodic symbol over map of the world

Top 10 Cobalt Producers by Country (Updated 2023)

The cobalt market is facing high demand, but analysts advise that production is also on the rise.

One of the metal’s main catalysts is excitement about electric vehicles. The lithium-ion batteries that power electric vehicles require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale. Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

Given those circumstances, it’s interesting to look at the top cobalt producers by country. According to the US Geological Survey, world production has increased significantly over the past two years. In 2022, cobalt production reached 190,000 metric tons (MT), a big jump from 2021's 165,000 MT and an even bigger one from 2020's 142,000 MT.

Keep reading...Show less

Latest Press Releases

Related News