InvestmentPitch Media Video Discusses Victory Battery Metals and its Lithium Properties in Quebec and Nevada

Rhea-AI Summary

Victory Battery Metals Corp. (CSE:VR) (OTCPink:VRCFF) has announced updates on its lithium properties in Quebec and Nevada. The Stingray properties include 67 claims in the James Bay Lithium District. Recent drilling by Patriot Battery Metals identified significant lithium mineralization. However, Victory cautions that results from the Corvette property may not be indicative of its own properties. The Smokey Lithium property in Nevada has shown promising mineralization, with a drill hole encountering high-grade lithium. The company is currently raising up to $2 million via private placements to advance its exploration activities.

Positive

• Stingray properties located in a highly prospective area with 67 claims.
• Promising results from nearby Patriot Battery Metals indicate potential for lithium mineralization.
• Smokey Lithium property shows initial signs of lithium-bearing clays with significant sample results.

Negative

• Caution stated regarding the non-indicative nature of mineralization from the Corvette property.

VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Victory Battery Metals Corp. (CSE:VR) (FWB:VR6) (OTCPink:VRCFF), a junior international mining corporation with several projects in North America, has provided an update on its key lithium properties in Quebec and Nevada. The company’s Stingray properties comprise 67 non-contiguous claims in the highly prospective James Bay Lithium District, adjacent to Patriot Battery Metals flagship Corvette property.

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

For more information about this news along with comments from Francois Perron, President and CEO of Lucky Minerals, 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.

Patriot Battery, which has identified more than 70 lithium pegmatite outcrops over a trend stretching for more than 20 km, recently reported that a spodumene pegmatite has been traced continuously by drilling over a lateral distance of at least 2.6 km, remaining open along strike at both ends and to depth along most of its length. Patriot reported drill intercepts of 156.9 m at 2.12% Li 2 O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O, 159.7 m at 1.65% Li2O, 131.2 m at 1.96% Li2O, and 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O.

Management cautions that mineralization found on the Corvette property may not be indicative of mineralization on its Stingray properties.

Victory’s exploration team is in the process of planning an initial program, while simultaneously looking for additional strategically aligned property in the area.

Victory’s Smokey Lithium property is located in Esmeralda County, Nevada, a prolific region for lithium clay deposits, approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium’s flagship lithium project. The property surrounds the Jindalee property on three sides and has excellent access and relatively flat ground.

In early 2022, Victory executed an initial program of 3 drill holes with the goal of locating lithium bearing clays, similar to what has been discovered at surface by Jindalee. One of the 3 holes, number 09, encountered mineralization, further validating Victory's theory for widespread buried mineralized clays.

Hole 09 ended in mineralization at 417 feet, with the highest single sample interval of 1270 ppm for Phase 1 found between 377 and 381 feet.

Mark Ireton, President and CEO, stated: "Victory's exploration team has advanced the Smokey Lithium property to a high confidence scenario where it sees the potential to drill through mineralized Weepah sediments and down into mineralized Esmeralda Formation sediments. The drill targets discussed in the news release on 14 December 2022 are targeted at that geologic setting with goal of significantly expanding the known lithium mineralization on the property. We are excited to proceed and establish timelines pending the drill permit amendment process underway."

Bob Marvin, P.Geo. added: "Victory has completed an overarching effort to model the geology of the property. The geologic compilation has been multifaceted and has required a significant amount of time and effort. The results have placed VR in position to now advance the initial drill discoveries at the property relying on a robust understanding of geologic setting of the property. Victory's exploration team expects to be successful in extending known mineralization in hole 9 as well as to add additional mineralized intersections with the overlying Weepah detachment claystone units as well as in the underlying folded Esmeralda evaporite rocks. The Esmeralda Formation is the regional host rock that hosts world-class resources in Smokey Valley, Clayton Valley, at Lida Wash and further south at Bonnie Claire in the Sarcobatus Flat. Both Lida Wash and Bonnie Claire are very recent discoveries pointing to the strong potential of the property region for both lithium claystone and lithium brine discoveries.”

The company is currently raising up to $2 million from a combination of regular and flow-through units.

The shares are trading at $0.105. 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.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, including a news release service, to position your company’s story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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.

CONTACT:
InvestmentPitch Media
Barry Morgan, CEO
bmorgan@investmentpitch.com

FAQ

What updates did Victory Battery Metals announce on February 9, 2023?

Victory Battery Metals provided updates on its lithium properties in Quebec and Nevada, including details on the Stingray and Smokey Lithium properties.

What is the current share price of Victory Battery Metals (VRCFF)?

The shares of Victory Battery Metals are currently trading at $0.105.

How much is Victory Battery Metals raising in private placements?

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

What mineralization results were reported from the Smokey Lithium property?

Drill hole 09 at the Smokey Lithium property ended in mineralization at 417 feet, with a peak sample of 1270 ppm for lithium.

What caution did Victory Battery Metals express regarding its properties?

Victory cautioned that mineralization found on the Corvette property may not be indicative of mineralization on its Stingray properties.