Victory Files Drill Permit Amendment to Expand Smokey Lithium Drill Program from 4 to 15 Holes
For Immediate Release
VICTORY FILES DRILL PERMIT AMENDMENT TO EXPAND SMOKEY
LITHIUM DRILL PROGRAM FROM 4 TO 15 HOLES
• Extensive Exploration and Analysis Leads to Victory Expediting its plans for Smokey
Lithium Nevada
• Drill Program will Focus on Relationship to High Li Zone to adjacent Jindalee Property
• Pending Permit, Victory’s Exploration Team is equipped and ready to commence the
Drill Program
VANCOUVER, BC, CANADA (November 24th, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce that the
Company’s Exploration Team filed an amendment to its drill permit, expanding its plans for drilling
its Smokey Lithium property in Esmeralda County , Nevada from 4 to 15 holes as previously
indicated.
As a result of the extensive exploration work and analysis conducted to date, the Company’s
exploration team has identified drill targets that will determine whether a relationship exists to
the high Li zone on the adjacent Jindalee property.
“We are excited to accelerate our efforts and expand the drill program to 15 holes based on the
learnings from the extensive exploration work done over the last 6 months, and the knowledge
our Exploration Team has of the specific area,” said Mr. Mark Ireton, Victory President and
CEO. “The team is poised and ready to begin once the permitting process is complete.”
About Smokey Lithium, Nevada
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 Cypress’ Clayton Valley Lithium Project and 3 5 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, and 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.
The Company also announces that it has entered into an advertising and investor awareness
campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company
headquartered in Vancouver, Canada, dedicated to providing independent news and education
to investors since 2007. The Agreement runs through June 2022, during which INN will provide
advertising on its website and social media communications to increase awareness of the
issuer. INN does not provide Investor Relations or Market Making services. The cost of the
campaign is $22,000 CAD. INN has engaged Proactive Investors North America Inc. (“
Proactive ”) to assist the Company in enhancing its online presence with the global investment
community (the “ Proactive Services ”) subject to the terms of the service agreement (the “
Proactive Agreement ”) executed between the Company and Proactive. Proactive can be
reached at 604-688-8231 or www.investingnews.com, [email protected].
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation
with mineral interests in North America. The company is also actively seeking other exploration
opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
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and unknown risks and uncertainties. All statements other than statements of historical fact are forward -looking
statements, including, without limitation, statements regarding future financial position, business strategy, use of
proceeds, corporate vision, proposed acquisitions, partnerships, joint -ventures and strategic alliances and co -
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although considered reasonable at the time of p reparation, may prove to be imprecise and, as such, undue reliance
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