Victory’S Highly Anticipated Drilling Program Starts at Smokey Lithium, Nevada
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY’S HIGHLY ANTICIPATED DRILLING PROGRAM STARTS AT
SMOKEY LITHIUM, NEVADA
● 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
outlined in detail in the Company’s press release dated 20 October 2022
● Victory’s 3-hole drill program focuses on a 2-3km sq. area with lowered risk,
having a high likelihood to intersect lithium rich clays via drilling, and may
indicate maiden resource potential
● Combining results from field mapping, surface sampling, drilling and Tromino
passive seismic studies, the Company has developed proprietary maps showing
highly detailed visual cross sections to understand the faulting that would bound
the deposit’s edges
VANCOUVER, BC, CANADA ( 21 March 2023) – Victory Battery Metals (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce that the Company
has started its second phase drilling program on its Smokey Lithium Property in Nevada.
Victory’s second phase 3-hole drill program includes high quality drill targets, seeking to extend
strong lithium mineralization intersected previously on the property’s hole 09, which ended in
significant, claystone hosted, lithium mineralization at 417 feet. The program is anticipated to
be completed within a 2-to-3-week period, pending weather.
Drill Program Summary
• The new drill targets are a perfect combination of step out drilling on previous a
mineralized intersection along with grassroots targets of claystone sediments within the
Weepah Detachment fault and underlying claystones of the Esmeralda Formation*
• The project area and surrounding lands show strong lithium mineralization with the
Esmeralda Formation at surface. When combined with the highly encouraging results
from Victory’s first round drilling (completed in 2022) the project area is highly
prospective.
• Drill holes in this phase of drilling will test the total mineralized depth of Hole 09
• The holes are being drilled 500-1000ft away from mineralized hole 09, such a distance
to grow a resource as well as manage risk
“Building on our extensive exploration on Smokey Lithium, our team has a high level of confidence
in our understanding of the resource potential, which has informed the locations of the drill target
intercepts now underway and, which are aimed at establishing the maiden resource potential of
the property,” said Victory President and CEO, Mr. Mark Ireton.
* Additional exploration goals of the drill program include drilling through the locally mineralized
sediments above the Weepah Detachment Fault. This is important to grow Victory’s understanding
of a significant area of known lithium mineralisation including potentially important claystone hosted
lithium discoveries made in 2017 by Jindalee Resources to the immediate south of the property.
The exploration efforts of both Victory and Jindalee have shown that the most southern portion of
the Smokey Valley is underlain by claystones, ashstones and mudstones of the Esmeralda
Formation. This geology is critical for success in the region where large, blanket like mineralized
sections have been recently found.
Detailed geologic mapping by Victory at the project has identified the contact of the Weepah
Detachment slide block. This slide block conceals the Esmeralda formation in the southern portion
of the property . Lithium mineralization within the Weepah sediments has noted by the USGS
(Stewart and others) 1. Victory sees the potential to drill through mineralized Weepah sediments
and down into mineralized Esmeralda Formation sediments. The drill targets discussed in the news
release are targeted at that geologic setting with goal of significantly expanding the known lithium
mineralization on the property.
1 DEPARTMENT OF THE INTERIOR U.S. GEOLOGICAL SURVEY DESCRIPTION,
STRATIGRAPHIC SECTIONS, AND MAPS OF MIDDLE AND UPPER MIOCENE ESMERALDA
FORMATION IN ALUM, BLANCO MINE, AND COALDALE AREAS, ESMERALDA COUNTY,
NEVADA By John H. Stewart U.S. Geological Survey 345 Middlefield Road Menlo Park, California
94025 Open- File Report 89- 324 Prepared in cooperation with Nevada Bureau of Mines and
Geology This report is preliminary and has not been reviewed for conformity with U.S. Geological
Survey editorial standards or with the North American Stratigraphic Code. Any use of trade, firm,
or product names is for descriptive purposes only and does not imply endorsement by the U.S.
Government. 1989
About Smokey Lithium, Nevada
Victory’s Smokey Lithium project is a clay lithium property that lies approximately 20 miles north
of Clayton Valley, to the west of American Lithium’s flagship lithium project. Smokey Lithium is
located northwest of Cypress’ Clayton Valley Lithium Project and to the 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 technical information contained in this news release has been reviewed and approved by
Bob Marvin (PGeo), 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)
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
E-mail: [email protected]
About Victory Battery Metals
VICTORY BATTERY METALS (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 -
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the Company. Such forward- looking information reflects management's current beliefs and is based on
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assumptions used in the preparation of such information, although considered reasonable at the time of
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