Victory Launches Exploration Program At Its Georgia Lake Lithium Project In Ontario
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY LAUNCHES EXPLORATION PROGRAM AT ITS GEORGIA
LAKE LITHIUM PROJECT IN ONTARIO
● The Georgia Lake Lithium District has a proven track record of economic Li
deposits dating back to the mid 1950’s.
● Victory’s 2,263 hectare Georgia Lake property is located 1.8 kilometers east of
Rock Tech Lithium Inc.’s (TSXV-RCK) North Spodumene Pegmatite Area
(NSPA) where a positive Pre-Feasibility Study ("PFS") was announced on
November 15, 2022 supporting a proposed open pit and underground mine
operation along with the construction of a 1,000,000 tonne-per-annum
spodumene concentrator https://www.rocktechlithium.com/de/news/georgia-lake-project:-pre-feasibility-study-published
● Three new LCT-type Li bearing pegmatites named Line 20, Camp 38, and
Conway East were discovered by Rock Tech near the eastern border of their
NSPA during the 2022 field and was announced on Jan. 31, 2023
Rock Tech Lithium: Positive Assay Results of Summer Exploration Program and Three New Prospects at Georgia Lake
(prnewswire.com)
● These recently discovered LCT pegmatites on Rock Tech’s NSPA ground is
considered very encouraging with respect to Victory’s claims and current 2023
exploration program which is now underway
● Victory’s property shares similar geology and is along strike from Rock Tech’s
advanced NSPA property. Victory’s ground is recognized as being highly
prospective for the discovery of new LCT pegmatites on this under-explored
property which has never been subject to systematic exploration and drilling
using modern exploration techniques
● Rock Tech Lithium (TSXV: RCK) is building a lithium ore processing facility for
custom milling in Thunder Bay, to be online in early 2024, which with Ontario
Government support will support mineral processing from other nearby Li mines
VANCOUVER, BC, CANADA (5 June 2023) – Victory Battery Metals (CSE: VR) (FWB: VR61)
(OTC: VRCFF) (“Victory” or the “Company”) is excited to announce the Company’s exploration
team is onsite conducting its summer exploration program at its Georgia Lake Lithium Project in
the Thunder Bay Mining District, Ontario.
“The Georgia Lake Lithium project is a strong lithium play in a proven lithium region. Our work
program is being led by two geologists along with two prospectors and has been designed
towards identifying geological or geochemical indicators of Li bearing pegmatites on the Georgia
Lake Property,” said Mr. Mark Ireton, Victory’s President and CEO.
Victory’s Georgia Lake Lithium Project Exploration Program Details
The current exploration program consists of prospecting and sampling, as well as rock, till and
stream sediment sampling directed towards identifying geological or geochemical indicators of
Li bearing pegmatites on the Georgia Lake Property, and has been designed to build upon the
information below:
• Muscovite bearing granites are associated with lithium bearing pegmatites on Rock
Tech’s property, which lies 1.8 km west of Victory Battery Metal’s Georgia Lake
Property. The majority of the lithium bearing pegmatites occur within the metasediments
which underlie both properties. These granites are shown to the south and east of the
Georgia Lake Property on Pye’s 1965 regional map.1 This is the only mapping that has
been done over Victory’s ground and is likely based on widely spaced traverses that
would not have covered the area in detail
• As the property is underlain by metasediments, and muscovite granites occur close to
the property to the west, south and east, Victory considers the Georgia Lake
Property to be highly prospective for Li bearing pegmatites overlooked during
regional mapping
The discovery of new Li bearing pegmatite prospects on the Rock Tech ground is
considered very encouraging with respect to Victory’s program on its under-
explored Georgia Lake Property a few kilometers to the east
Figure 1: Victory’s Georgia Lake Project in relation to Rock Tech’s Project
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
About Georgia Lake Lithium
• Victory’s Georgia Lake property is 2 km east of Rock Tech Resources advanced
lithium project within the Georgia Lake lithium District and hosts numerous Li bearing
pegmatites
• A 2022 Technical Report on the Georgia Lake Property produced a Mineral Resource
estimate which outlined 10.60 million tonnes (Mt) Indicated Mineral Resource at a
grade of 0.88% Li2O and 4.22 Mt of Inferred Mineral Resource at a grade of 1.0%
Li2O https://www.rocktechlithium.com/de/news/georgia-lake-project:-pre-feasibility-study-published
• In the Georgia Lake Lithium District, spodumene bearing pegmatites occur almost
entirely within metasediments, usually spatially associated with mica bearing granitic
rocks. Regional mapping by Pye (1965) indicates that Victory’s Georgia Lake property
is largely underlain by metasediments
• Pegmatites and mica granites are reported to the south, west and east of the
Property
• Mapping on Rock Tech’s ground has outlined additional bodies of mica granite not
shown on Pye’s map, suggesting the possibility that previously unmapped mica
granites and associated pegmatites may be found on Victory’s ground as well
Scientific and technical information contained in this press release was reviewed and approved
by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101.
1 http://www.geologyontario.mndm.gov.on.ca/mndmfiles/pub/data/records/R031.html
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 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.
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