March 31, 2022
- Phase One, 3 of 15-hole Drill Program, is focused on determining the relationship to High Li Zone on the adjacent Jindalee Property
- Exploration team is optimistic, as the third hole drilled demonstrated as thick sequence of claystone/siltstone with minimal overburden
- Geologic data from core logging is being combined with surface geologic mapping previously completed on the property. The goal is creation of a preliminary geologic model of the target sedimentary sequence
- Results from split core delivered ALS Chemx are pending, when received and combined with geologic learnings from which will inform next steps as Victory pursues its theory that the down dropped clay presents an opportunity to locate the extension of the lithium clays ‘buried at depth’
VANCOUVER, BC, CANADA (March 31st, 2022) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that the Company’s exploration team has completed its drilling program on the Company’s Smokey Lithium Property in Nevada.
As previously noted, the Company’s initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept.