InvestmentPitch Media Video Discusses Victory Battery Metals’ Staking of Additional 953 Hectares More than Doubling its Tahlo Lake Property in BC’s Babine Copper-Gold Porphyry District

Rhea-AI Summary

Victory Battery Metals Corp. (CSE:VR) (OTCPink:VRCFF) has expanded its Tahlo Lake Property in British Columbia, staking an additional 953 hectares and increasing its total to 1,688 hectares. This area is located in the promising Babine Copper-Gold Porphyry District, known for significant mineral resources. Recent geochemical surveys indicate elevated concentrations of copper and gold, reinforcing the property's exploration potential. In Quebec, the company acquired 280 new claims totaling 14,375 hectares, enhancing its position in an emerging lithium district. Victory is currently raising up to $2 million to fund its exploration activities.

Positive

• Staked an additional 953 hectares, doubling the Tahlo Lake Property to 1,688 hectares.
• Recent geochemical surveys show high copper and gold concentrations, indicating strong exploration potential.
• Expanded presence in Quebec with 280 new claims for a total of 14,375 hectares in a growing lithium district.
• Currently raising up to $2 million for exploration funding.

Negative

• None.

VANCOUVER, British Columbia, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Victory Battery Metals Corp. (CSE:VR) (FWB:VR6) (OTCPink:VRCFF), a diversified investment corporation with mineral interests in North America, staked 953 hectares, more than doubling its Tahlo Lake Property in British Columbia. On November 15, 2022, the company staked the initial 735-hectare Tahlo Lake property in British Columbia’s prolific Babine Copper-Gold Porphyry District.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information about this news, please view the InvestmentPitch Media video. The video is available for viewing on “InvestmentPitch” or on “YouTube”. If the link is not available, please visit www.InvestmentPitch.com and enter “Victory” in the search box.

The new property covers highly anomalous gold in till samples to the north and south of the original property. The Tahlo Lake Property, now expanded to 1,688 hectares, lies 8 kilometres NW of American Eagle Gold’s NAK Property and 16 kilometres NW of the Morrison Deposit, overlies a significant NNW trending magnetometer high within the Hazelton Group rocks and is adjacent to the same NNW trending fault as the Morrison deposit and the historic Bell and Granisle Mines.

Mark Ireton, President, stated: “Our Geology team has expanded and staked additional ground on our Tahlo Lake property, following more analysis on this area, including promising historical findings within the Babine copper-gold porphyry district. With this expanded ground, our team is working to develop an exploration plan to advance the Tahlo Lake property.”

A regional geochemical survey silt sample in the center of the property returned over the 96th percentile for copper and over the 98th percentile for zinc. A regional till sample taken about half a kilometer east of the soil anomaly returned elevated copper and highly anomalous zinc, with a till sample about 2 km down ice from this site returning over the 95th percentile for gold. Another till sample on the newly staked property returned 49 ppb gold, which is over the 98th percentile for the region. Surrounding RGS samples form a cluster of elevated copper and zinc values.

Although Noranda reported a linear soil anomaly approximately 50 m x 500 m, trending NNW, with copper values ranging from 60 to 720 ppm copper to the southwest of the area drained by the highly anomalous silt sample site, they never followed up on the anomaly and no work has been reported since.

In Quebec, the recent acquisition of 280 new Stingray claims totalling 14,375 hectares was a significant addition to the original 67 claims, which totalled 3,417 hectares, giving the company a large ground position in an underexplored area within an emerging lithium district. The Stingray claim blocks range from adjacent to Patriot Battery Metals’ (TSXV:PMET) Corvette lithium property, to several kilometers away, spanning more than 65 km of east to west strike length.

The company is currently raising up to $2 million from a combination of regular and flow-through units. To date, the company has announced the closing of three traunches totalling $1.5 million.

The shares are trading at $0.075. For more information on the company and its other properties, please visit the company’s website www.VictoryBatteryMetals.com, contact Mark Ireton, President and CEO, at 236-317-2822 or by email at info@VictoryBatteryMetals.com.

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Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Victory Battery Metals has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd, through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What did Victory Battery Metals announce on February 24, 2023?

On February 24, 2023, Victory Battery Metals announced that it staked an additional 953 hectares at its Tahlo Lake Property, increasing the total area to 1,688 hectares.

How has Victory Battery Metals expanded its Tahlo Lake Property?

Victory Battery Metals has expanded its Tahlo Lake Property by staking an additional 953 hectares in British Columbia's Babine Copper-Gold Porphyry District.

What is the significance of the geochemical surveys conducted at Tahlo Lake?

Geochemical surveys at Tahlo Lake have revealed high concentrations of copper and gold, which suggest strong potential for mineral exploration in the area.

How much is Victory Battery Metals raising in its current financing round?

Victory Battery Metals is raising up to $2 million through a combination of regular and flow-through units.

What recent acquisition did Victory Battery Metals make in Quebec?

Victory Battery Metals acquired 280 new claims totaling 14,375 hectares, enhancing its presence in an emerging lithium district in Quebec.