Victory’S Exploration Team Mobilized to Smokey Lithium Property to Prepare Drilling Program
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY’S EXPLORATION TEAM MOBILIZED TO SMOKEY LITHIUM
PROPERTY TO PREPARE DRILLING PROGRAM
● Drill Permit Announced in December for up to 15 holes
● Drill Program will Focus on Relationship to High Li Zone to adjacent Jindalee
Property
VANCOUVER, BC, CANADA (January 3rd, 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 mobilized to the Company’s Smokey Li thium Property in
Nevada to prepare the property for drilling.
“Building from 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,” said Mr. Mark Ireton, Victory President and CEO.
Smokey Lithium Drilling Strategy Highlights
• The adjacent Jindalee property has a claystone unit outcropping on its land holdings
that have assayed as high as 700 ppm Lithium at surface
• The outcrop identified by Jindalee is cut by a n east/northeast trending fault . The
claystone beds have been dropped down into the valley and then covered by alluvial
sand and gravel
• Jindalee has completed their first phase drilling program and have identified claystone
intersections on the dropped downside of the fault
• 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 may help to maintain grade and total thickness
• The depths are unknown for locating the buried extension , and drilling will confirm
both depths, grade, and nature of the deposit
Victory has permitted a total of 15 holes, designed in an array to provide maximum resource
potential, the latitude to adjust based on results , and provide access nearest to known lithium
occurrences at surface. A total of 3 holes will be drilled initially as Victory attempts to locate the
buried/preserved claystone beds. The strategy will be to test along the Jindalee boundary
margins, nearest to the fault line to reduce the depths required to reach clays and atte mpt to
capture the full thickness of the claystone.
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 Lit hium 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, 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 potential as indicated by surface sampling.
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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.
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substantial known and unknown risks and uncertainties. All statements other than statements of historical
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