Victory Receives Smokey Lithium Drill Permit
For Immediate Release
VICTORY RECEIVES SMOKEY LITHIUM DRILL PERMIT
• Following Extensive Exploration and Analysis Smokey Lithium Exploration Team Set to
Begin Drill Program
• Drill Program will Focus on Relationship to High Li Zone to adjacent Jindalee Property
VANCOUVER, BC, CANADA ( December 8, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce that the
Company’s has received a drill permit to commence drilling on its Smokey Lithium property in
Esmeralda County, Nevada.
As a result of the extensive exploration work and analysis conducted to date, the Company’s
exploration team has identified drill targets that will determine whether a relationship exists to
the high Li zone on the adjacent Jindalee property. The drill permit was expanded from the
original 4 holes to 15 holes based upon further analysis by the Company’s Exploration Team
which included locations of key targets for drill holes.
“We are excited to advance the exploration effort for Smokey Lithium,” said Mr. Mark Ireton,
Victory President and CEO. “Our team on the ground has extensive knowledge of the area and
geology, which has allowed us to develop a thorough drill program to gain as much knowledge
as possible on the extent of lithium deposits at Smokey Lithium.”
About Smokey Lithium, Nevada
Victory’s Smokey Lithium project is a clay lithium property that lies approximately 20 miles north
of Clayton Valley, and 20 miles west of American Lithium’s flagship lithium project. Smokey
Lithium is located 25 km northwest of Cypress’ Clayton Valley Lit hium Project and 35 km
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 Smokey Lithium property is located 35 km west of Tonopah, Nevada within the Walker Lane
trans tensional corridor on the western margin of the Basin and Range province. The property's
geology consists of Miocene - Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda
Formation) with overlying younger alluvium deposits and desert pavement formation. The
claystone, which can carry high lithium concentrations, is observed as highly weathered light grey
to tan mounds of unconsolidated clay from 0.10 - 1.50 meters thick. The flat lying nature of the
claystones, together with the frequent occurrence of transported cover requires drilling to fully
validate and assess Smokey Lithium’s the potential as indicated by surface sampling.
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.
The Company also announces that it has entered into an advertising and investor awareness
campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company
headquartered in Vancouver, Canada, dedicated to providing independent news and education
to investors since 2007. For the 12-month term of the agreement from June 14th, 2021, INN will
provide advertising on its website and social media communications to increase awareness of
the Company. INN does not provide investor relations or market making services. The cost of
the campaign is $27,300 CAD. INN can be reached at 604-688-8231 or
www.investingnews.com, [email protected].
The Company is pleased to announce that it has retained Proactive Investors (“Proactive”) to
assist with general market awareness. For the 12-month term of the agreement from August
18th, 2021, Proactive will provide editorial coverage of Victory Resources Inc. news releases,
generate feature articles based on interviews with company executives, and produce video
interviews. The cost of the annual campaign is $25,000 CAD. The Company has also entered
into the Proactive Amplify program with a total cost of $75,000 CAD (non-recurring). The
Amplify program will provide service to increase awareness and engagement of the Company.
Proactive is a leading multimedia news organization, investor portal and events management
company with offices in Toronto, Vancouver, New York, London and Sydney. It operates
financial websites providing breaking news, commentary and analysis on hundreds of listed
companies, and syndicates content across a broad range of financial and general news
portals. The Proactive video interview network spans seven broadcast studios and three
continents. https://ca.proactiveinvestors.com/
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) a ccepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
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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
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although considered reasonable at the time of p reparation, may prove to be imprecise and, as such, undue reliance
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