Victory Plans Follow-up Exploration ON High-Grade Lithium Assay Results FOR Smokey Lithium Project
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For Immediate Release
VICTORY PLANS FOLLOW-UP EXPLORATION ON HIGH-GRADE
LITHIUM ASSAY RESULTS FOR SMOKEY LITHIUM PROJECT
● Victory’s Geology Team confirms outstanding assay results on its 23-01 hole,
verifying last year’s discovery, comparing favorably to American Lithium Corp.’s
(TSXV: LI) (OTCQB: LIACF) infill drilling results at the TLC Li claystone
deposit.1
● Victory is now planning to define the subsurface extensions of the thick claystone
interval reported in diamond drill hole (DDH) 23-01 at Smokey Lithium, which is
22 miles southwest of American Lithium Corp.’s TLC deposit.
VANCOUVER, BC, CANADA ( 26 June 2023) – Victory Battery Metals (CSE: VR) (OTC:
VRCFF) (FWB: VR6) (“Victory” or the “Company”) is extremely pleased to provide additional
information from its Phase 2 drilling program at its Smokey Lithium Nevada property,
demonstrating high-grade Li claystone mineralization over significant widths, comparing favorably
to American Lithium’s (TSXV: LI) (OTCQB: LIACF) previously reported “high-grade” in-fill drilling
results for their TLC claystone Li deposit.1
Victory is currently planning a follow-up exploration and drilling program on their 100% owned
Smokey Lithium Project in Nevada, where a thick sequence of high -grade claystone lithium
mineralization was reported in diamond drill hole 23-01, presented in Table 1.
Table 1. High-Grade Claystone Li Intervals DDH 23-01
Drill Hole ID Top (m) Bottom (m) Interval (m) Grade (Li ppm) Lower Cut (Li ppm)
DDH 23-01 127.0 160.8 33.8 1149 600
including 132.3 158.1 25.8 1267 600
The results of this hole, using a 600 ppm Li cut-off, compare well with high-grade infill resource
holes reported by American Lithium Corp. on April 3, 2019, at their TLC lithium claystone project
in the same richly mineralized Esmeralda lithium belt in Nevada, as presented in Table 2.
Table 2. * High Grade Claystone Li Resource Infill Holes - American Lithium Corp. TLC Deposit
Drill Hole ID Top (m) Botom (m) Interval (m) Grade (Li ppm) Lower Cut (Li ppm)
TLC-1902 27.4 63.8 36.4 1,084 600
TLC-1903 41.1 83.8 42.7 994 600
TLC-1904 24.4 68.6 44.2 934 600
* https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1928-tsx-venture/li/60330-american-lithium-confirms-tlc-
project-discovery-with-latest-high-grade-results.html
Highly attractive high -grade Li claystone deposits of the rich Esmerelda lithium belt in mining-
friendly Nevada are represented by large volumes of open- pittable, near-surface, relatively flat
laying, free digging lithium mineralization amenable to low-cost, sustainable mining methods. The
current January 2023 Mineral Resource Estimate and Technical Report published recently by
Stantec Consulting Services Inc. (“Stantec”)2, for American Lithium Corp.’s TLC deposit reported
a Measured Resource of 4.2 Mt Lithium Carbonate Equivalent (“LCE”) (860 Mt @ 924 ppm Li),
an Indicated Resource of 4.63 Mt LCE (1192 Mt @ 727 ppm Li) and an Inferred Resource of 1.86
Mt LCE (486 Mt @ 713 ppm Li) using a cut-off grade of 500 ppm Li to an open pittable vertical
depth limit of 274 meters.** (**https://americanlithiumcorp.com/american-lithium-files-updated-mineral-resource-technical-
report-on-tlc-supporting-large-increase-in-lithium-resources/)
Victory is now planning to define the subsurface extensions of the thick claystone interval
discovered in DDH 23- 01. A geophysical approach will be taken to map basement faults and
potentially conductive claystone units to outline the depth and continuity of favourable thick high-
grade lithium claystone units present on the property prior to the next phase of drilling.
Mr. Mark Ireton, Victory President and CEO noted : “Victory’s Geology team has is very
encouraged by these preliminary results , noting that these types of deposits do not exist in
isolation. As noted on June 12th, our team has expanded the Smokey Lithium ground in response
to the drill program findings and analysis. Going forward our team is focused on defining the main
body of this deposit.”
1 https://americanlithiumcorp.com/american-lithium-confirms-tlc-project-discovery-with-latest-high-grade-
results/
2 The Stantec Mineral Resource estimate was prepared by Derek Loveday, P. Geo. of Stantec Consulting Services Ltd.
in conformity with CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines and reported
in accordance with the Canadian Securities Administrators NI 43-101. Mineral resources are not mineral reserves and
do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into
mineral reserves.
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
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Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium,
Spearmint, Enertopia, and Jindalee).
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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