Victory Initiates Smokey Lithium Drilling Program
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY INITIATES SMOKEY LITHIUM DRILLING PROGRAM
● Drill Program will Focus on Relationship to High Li Zone on adjacent Jindalee
Property
● Victory is pursuing a strategy based upon its theory that the down dropped clay
presents an opportunity to locate the extension of the lithium clays ‘buried at
depth’
● Deposits ‘buried at depth’ are anticipated to be preserved from surface erosion
and weathering. This helps to maintain grade and total thickness
VANCOUVER, BC, CANADA ( February 10, 2022) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that
the Company’s exploration team has begun its drilling program on the Company’s Smokey
Lithium Property in Nevada , where its exploration team has identified drill targets that will
determine whether a relationship exists between the Smokey Lithium Property and the high grade
Lithium zone on the adjacent Jindalee property.
“The Company’s initial 3 holes of its 15-hole drilling exploration program aims to prove its geologic
concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line. The
program is designed to reduce the depths required to reach clays and attempt to capture the full
thickness of the claystone,” said Mr. Mark Ireton, Victory President and CEO. “The remaining 12
permitted holes will be utilized for locat ing extensions of the clay mineralization , test depths of
clays and overburden and ultimately provide data for purposes of resource modelling and follow
up drilling.”
Smokey Lithium Drilling Progress Highlights
• Victory’s Exploration Team rig, crews and earth equipment were mobilized at Smokey Lithium
last week, with earthwork and site preparations completed to facilitate drill commencement at
the beginning of this week
• The first hole is being drilled in the southwest part of the prope rty near Jindalee’s boundary
and adjacent to the main fault structure to test Victory’s theory related to the dropped down
clays. Subsequent holes will be based on the results of the initial hole
• If clay is encountered, clays will be logged for recovery, lithologic descriptions, split 50/50 and
sampled at intervals of 1m each. Samples will be sent to ALS labs in Reno for assay wor k.
Standards, blanks and/or duplicates will be inserted into the sam ple chain as a QA/QC
protocol
• It is anticipated lab results are approximately 4 to 6 weeks out, pending lab processes, which
are not in Victory’s control. Victory will provide all clay samples to the lab on a regular basis
to maximize timing of results
About Smokey Lithium, Nevada
Victory’s Smokey Lithium project is a clay lithium property that lies approximately 20 miles (32
km) north of Clayton Valley . Smokey Lithium is located 16 miles (25) km northwest of Cypress’
Clayton Valley Lithium Project and 22 miles (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, and
Jindalee).
The Smokey Lithium property is located 22 miles ( 35 km ) west of Tonopah, Nevada 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. The claystone, which can carry high lithium
concentrations, is observed at surface as highly weathered light grey to tan moun ds 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.
The technical information contained in this news release has been reviewed and approved by
Brad Peek., M.Sc., CPG, who is a Qualified Person as defined under National Instrument 43-101.
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
Certain information set forth in this news release may contain forward -looking statements that involve
substantial known 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-operations, budgets, cost and plans and objectives of or involving
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
the Company. Such forward -looking information reflects management's current beliefs and is based on
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materially differ from any future results or performance expressed or implied by the forward -looking
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assumptions used in the preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward -
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