Victory Finalizes Prime Locations FOR Drill Holes ON Its Smokey Lithium, Nevada Property
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY FINALIZES PRIME LOCATIONS FOR DRILL HOLES ON ITS
SMOKEY LITHIUM, NEVADA PROPERTY
● Victory’s Exploration Team has completed an on-site geological program to
finalize the location of drill holes, building upon its previously reported
comprehensive effort to delineate significant lithium mineralization on the
Smokey Lithium Property
● Drill hole locations have been selected to extend strong lithium mineralization
intersected previously on the property in hole 09 within the area of interest
outlined in detail in the Company’s press release dated 20 October 2022
● The Company will be amending its drill permit application with the newly
identified hole locations in this new area of interest contiguous with the southwest
part of the original claim block
VANCOUVER, BC, CANADA ( 14 December 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 completed an on -site geological program to finalize the
location of drill holes on its Smokey Lithium, Nevada property, building upon the results from its
comprehensive work to delineate the extent of lithium mineralization on Smokey Lithium grounds.
The Company is now in the process of amending its drill permit application to include the new
high quality drill targets. The proposed program seeks to extend strong lithium mineralization
intersected previously on the property’s hole 09, which was ended in strong, claystone hosted,
lithium mineralization at 417 feet.
“As previously reported, the exploration work conducted has been extensive, taking the
necessary time to truly understand the resource potential in order to identify the best possible
drill target intercepts for us to pursue at Smokey Lithium toward establishing the maiden
resource potential of the property,” said Victory President and CEO, Mr. Mark Ireton. “Now that
the data has been processed and assessed on the ground to physically locate the best drill
locations we will amend and refile the existing drill permit application.”
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 under lain 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 i dentified 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 deposit s, (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 Servic es Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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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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 imp lied 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
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 relia nce should not be placed on forward -
looking statements. The Company does not assume any obligation to update or revise its forward -looking
statements, whether as a result of new information, future events, or otherwise, except as required by
securities laws.