InvestmentPitch Media Video Discusses Victory Battery Metals and its New Exploration Program on its Georgia Lake Lithium Project in Ontario

Rhea-AI Summary

Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF) is launching an exploration program for its Georgia Lake Lithium Project in Ontario. The company is currently soliciting bids for a magnetometer survey to identify mica granite bodies within the metasediments. Following this survey, a field crew is set to mobilize in early June to conduct prospecting and sampling. The project, located near Rock Tech Lithium's advanced lithium project, is accessible and expected to lower exploration costs. The lithium supply gap is projected to widen in the coming years, supporting the potential for commercially viable deposits in the region.

Positive

• Initiating an exploration program for significant lithium project.
• Location is easily accessible, potentially lowering exploration costs.
• Strong regional support for lithium development from the Ontario Government.
• Exploration aligns with a growing lithium supply gap.

Negative

• None.

VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF), a diversified investment corporation with mineral interests in North America, is preparing to start an exploration program for its Georgia Lake Lithium Project in the Thunder Bay District in Ontario. Victory's exploration team has designed a work program to advance the Georgia Lake Lithium property. Currently, the Company is soliciting bids to fly a magnetometer survey over its Georgia Lake Property to determine whether mica granite bodies can be identified within the metasediments.

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.

Once the magnetometer survey has been completed, a field crew will mobilize onto the property in early June to begin prospecting, rock sampling, reconnaissance mapping, as well as overburden mapping and sampling.

Victory’s Georgia Lake Lithium Project is located 2 km east of Rock Tech Lithium’s advanced lithium project, within the Georgia Lake lithium district. It is easily accessible, ranging anywhere from 1 to 3 km from the Trans-Canada Highway, 14 km south of Beardmore, which is a hub for the mining industry in Northern Ontario. In addition to external access, much of the project area is accessible through a developed network of logging roads, which should lower exploration costs.

Rock Tech filed a Technical Report in 2022 with an Indicated Mineral Resource estimate of 10.60 million tonnes at a grade of 0.88% Li20 and an Inferred Mineral Resource of 4.22 million tonnes at a grade of 1.0% Li20. Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby lithium mines.

Georgia Lake pegmatite field consists of multiple spodumene pegmatites, with the first discovery of spodumene, a lithium bearing mineral, made in 1955. In the Georgia Lake Lithium District, spodumene bearing pegmatites occur almost entirely within metasediments, usually spatially associated with mica bearing granitic rocks. Regional mapping in 1965 indicated that Victory’s property is largely underlain by metasediments, with pegmatites and mica granites reported to the south, west and east of the property.

Mark Ireton, President and CEO, stated: "The Georgia Lake Lithium project is a strong lithium play in a proven lithium region, supported through a renewed focus from the Government of Ontario, with their continued development of infrastructure to grow the Thunder Bay District, which increases accessibility and will allow us to realize the full potential of any commercially viable deposits within the project."

According to a report by Benchmark Mineral Intelligence, the current supply gap for lithium is expected to increase further in coming years.

The company is also actively seeking other exploration opportunities to add to its portfolio of lithium, gold, silver and other precious metal properties.

The shares are trading at $0.08. 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 is Victory Battery Metals planning for its Georgia Lake Lithium Project in 2023?

Victory Battery Metals is starting an exploration program for its Georgia Lake Lithium Project, including a magnetometer survey and fieldwork planned for June.

Where is the Georgia Lake Lithium Project located?

The Georgia Lake Lithium Project is located in the Thunder Bay District of Ontario, 2 km east of Rock Tech Lithium's project and accessible via logging roads.

What is the significance of the magnetometer survey for Georgia Lake?

The magnetometer survey aims to identify mica granite bodies within metasediments, which could indicate potential lithium deposits.

How does the lithium supply gap impact Victory Battery Metals?

The widening lithium supply gap enhances the potential for commercially viable lithium deposits at Georgia Lake, making it a strategic exploration project.

What are the exploration activities planned for the Georgia Lake project after the survey?

After the magnetometer survey, a field crew will mobilize in early June to conduct prospecting, rock sampling, and reconnaissance mapping.