Smokey Lithium Ground Sample Program Results Deliver Clearer Target Areas FOR Drill Hole Locations
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For Immediate Release
SMOKEY LITHIUM GROUND SAMPLE PROGRAM RESULTS DELIVER
CLEARER TARGET AREAS FOR DRILL HOLE LOCATIONS
● 116 hand samples taken by Victory’s Exploration Team benefit the
comprehensive effort to delineate significant lithium mineralization on the
Smokey Lithium Property
● Lithium bearing claystones at surface measured as high as 630 ppm, helping to
develop a clear picture of the best potential drill locations for the next round of
drilling
● Based on results from its overall exploration efforts, the Company anticipates a
beneficial revision to its drilling application with the relocation of several holes,
which will be an expedited process once undertaken
VANCOUVER, BC, CANADA (August 9th, 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 received results from its extensive ground sampling program,
building upon favourable drill results , aimed at guiding prime drill locations for its next round of
drilling on the Company’s Smokey Lithium Property in Nevada.
As noted on June 28th, the ground sampling program focused on sampling the Esmeralda
Formation on and throughout the surrounding grounds of the Smokey Lithium property and has
led to the Company locating a zone of higher values to the south and southwest. Mapping was
done to locate controls on lithium clay deposition and locate clay beds, which have informed
additional staking to protect the interests of Company.
The ground sample program, completed at the end of June 2022, delivered lithium-bearing
claystones located at surface via hand sampling. One hundred sixteen hand samples were
taken from the property and sent to ALS Labs. Lithium-bearing claystones at surface as high as
630 ppm were located on the southwest section of Victory’s Smokey Lithium claim block.
Based on the surface sampling results and the results of completed drilling at the property,
Victory has identified multiple, highly lithium enriched claystone units. These mineralized
claystones are contained the regionally prolific Esmeralda formation as well as in an overlying
unit known as the Alum formation. This important result of the data and geologic compilations is
allowing the targeting of drilling in positions to extend known lithium mineralization in both
claystone formations.
“The results of the ground sampling program are an important component of our ongoing
exploration efforts at the property, which is also deploying geologic mapping and geologic
modeling all focused on identifying additional drill targets with the highest possible potential for
intercepts on the Smokey Lithium deposit,” said Victory President and CEO, Mr. Mark Ireton.
“As previously noted, Victory is focused on expanding the footprint of the subsurface claystone
hosted lithium mineralization in its maiden drill program and our exploration team is actively
working the property and environs to do so.”
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)
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 state ments 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
the Company. Such forward -looking information reflects management's current beliefs and is based on
information currently available to management. Oft en, but not always, forward -looking statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
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actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of
known and unknown risks, uncertainties and other factors may cause the actual results or performance to
materially differ from any future results or performance expressed or implied by the forward -looking
information. These forward-looking statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of the Company including, but not limited to, the impact of general economic
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conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the
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 -
looking statements. The Company does not assume any obligation to up date or revise its forward -looking
statements, whether as a result of new information, future events, or otherwise, except as required by
securities laws.