VICTORY’S EXPLORATION EFFORTS BUILDING MOMENTUM WITH LITHIUM RESURGANCE
September 20, 2021 4:00 AM
Lithium prices reaching three-year highs in midst of demand surge1
Victory’s Smokey Lithium Property in prolific Li region
Company focused on advancing exploration efforts
VANCOUVER, BC, CANADA (September, 20th 2021) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to provide an update, reinforcing the Company’s strategic efforts, led by its lithium exploration in Nevada.
“With the Smokey Lithium property, located in Esmeralda County, which is part of a prolific Lithium area, Victory is committed to lithium exploration at a time when there is a global resurgence in lithium prices related to heightened demand for battery minerals2,” said Mr. Mark Ireton, Victory CEO. “We are seeing the highest lithium prices in more than three years as the EV revolution accelerates, and Victory is well positioned, and anticipating further advancement on Smokey Lithium in the near term.”
Victory’s Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium’s flagship lithium project. Smokey Lithium is located 25 km northwest of Noram's Zeus Li Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee).
The Smokey Lithium property is located 35 Km west of Tonopah, Nevada within the Walker Lane trans tensional corridor on the western margin of the Basin and Range province. The property's geology consists of Miocene - Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement formation. The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 - 1.50 meters thick. The flat lying nature of the claystones, together with the frequent occurrence of transported cover requires drilling to fully validate and assess Smokey Lithium’s the potential as indicated by surface sampling.
Scientific and technical information contained in this press release was reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.
1www.reuters.com/business/...prices-shortages-loom-2021-09-13/
2www.afr.com/chanticleer/...trification-frenzy-20210908-p58puq
For further information, please contact:
Mark Ireton, President
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Das heißt wohl, dass das Bohrprogramm bald starten wird. Sobald es hier losgeht sind 50 Mio. MK wohl als erster Step zu sehen. Gegenüber anderen Firmen aus der Umgebung oder auch weiter, aus dem Lithium-Universum, ist Victory mit dem über 7.000 Acres und 350 Claims von Smokey Lithium ja massivst unterbewertet. Das wird der Markt sicher bald erkennen. Doch wenn es hier losgeht, wird der Kurs sehr schnell steigen, da ja nur wenige Exemplare in freien Händen sind.
Und ich merke wieder an, dass Victory ja noch über weitere aussichtsreiche Liegenschaften verfügt. Vor allem auch über das große Kupfer-Gebiet Mal-Wen. Mit Victory bekommt man in einer Firma gleich zwei der Rohstoffe, die für die Elektromobilität so wichtig sind. Mal-Wen liegt in der Nähe von der Liegenschaft von Copper Mountain, die an der Börse mit 425 Mio. bewertet sind.