InvestmentPitch Media Video Discusses Victory Battery Metals’ Expansion of its Lithium Drill Program in Nevada, with Addition of 4th Hole at Smokey Lithium Property

Rhea-AI Summary

Victory Battery Metals expands its lithium drill program in Nevada, adding a fourth hole at the Smokey Lithium property. This decision follows the initial drilling of three holes, where positive in-field findings prompted the team to utilize their resources on-site effectively.

The Smokey Lithium property, located in Esmeralda County, has been noted for its clay lithium deposits and is strategically situated near several established lithium projects. The fourth drill hole aims to deepen the understanding of lithological correlations based on previous results from 2022.

Core samples from all completed holes are being processed for assay, with results awaited from hole 23-01. As of now, shares trade at $0.065, reflecting investor interest in the ongoing developments.

Positive

• Expansion of drilling program indicates strong interest and potential in lithium resources.
• Strategically located in a region known for clay lithium deposits.
• Further drilling may provide valuable insights into mineralization.

Negative

• None.

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF), a diversified investment corporation with mineral interests in North America, has expanded its lithium drill program in Nevada. Based on in-field findings, following completion of first three holes at its Smokey Lithium drilling program, the company has expanded its program, adding a fourth hole, taking full advantage of the team and equipment on site.

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 clay lithium Smokey Lithium property is located in Esmeralda County, a prolific region for clay lithium deposits, 20 miles west of American Lithium’s flagship lithium project. It is approximately 20 miles north of Clayton Valley, home to the only producing lithium operation in the US at Silver Peak, along with nearby Noram, Spearmint, and Enertopia projects. The property surrounds the Jindalee Clayton North property on three sides, with excellent access and relatively flat ground.

Drill hole locations have been selected to extend strong lithium mineralization, intersected on initial drill program in 2022 in Hole-09 within the area of interest. The fourth hole on this program has been selected specifically in an effort to determine the strength of lithological correlation between holes 22-09, and holes 23-01, 02 and 03.

Victory's Exploration team determined that the most compelling hole location to drill would be hole 23-05, 1 km to the west southwest of hole 23-03. Core material from the completed holes are being processed and shipped to ALS Reno for assay on a continuing basis in order of hole completion. The company is awaiting assay results from hole 23-01.

Mark Ireton, President and CEO, stated: "In what was originally planned as a 3-hole program, our team has assessed the core and made significant correlations between holes 22-09 and holes 23-01/23-03, determining that that information to be gained by drilling a 4th hole with our assets on site now is the most prudent move. Our team has observed clays on each of the first three holes drilled, varying from grey, to green to very dark, containing abundant fine-grained calcite as noted by using hydrochloric acid during the logging process."

The shares are trading at $0.065. 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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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 recent developments has Victory Battery Metals announced regarding their lithium drilling program?

Victory Battery Metals has expanded its lithium drill program in Nevada by adding a fourth hole at the Smokey Lithium property.

What is the current trading price of Victory Battery Metals shares?

As of now, shares of Victory Battery Metals are trading at $0.065.

What is the significance of the fourth drill hole in the Smokey Lithium program?

The fourth drill hole aims to establish the strength of lithological correlation based on previous drilling results.

Where is the Smokey Lithium property located?

The Smokey Lithium property is located in Esmeralda County, Nevada, near other significant lithium projects.

What are the next steps following the drilling at the Smokey Lithium property?

Core samples from the drilled holes are being processed for assay, with results expected from hole 23-01.