Victory Targets Expansion of Its Smokey Lithium Drill Program from 4 to 15 Holes
For Immediate Release
VICTORY TARGETS EXPANSION OF ITS SMOKEY LITHIUM DRILL
PROGRAM FROM 4 TO 15 HOLES
BUILDING UPON EXTENSIVE EXPLORATION AND ANALYSIS THE COMPANY WILL
AMEND ITS EXISTING DRILL PERMIT APPLICATION
VANCOUVER, BC, CANADA (November 17th, 2021) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce that the
Company’s Exploration Team has expanded its plans for drilling its Smokey Lithium property in
Esmeralda County, Nevada from 4 to 15 holes, and will be filing an amendment to its previously
announced drill permit application.
Smokey Lithium Drill Targets Expand
• Victory conducted extensive exploration and sampling throughout the summer to identify
its approach to drilling the property
• Current d rill permit has been filed for a program with four holes, the Company has
accelerated its plans to expand to fifteen holes and will be filing an amendment to its drill
permit application
• Pending permit approvals, Victory’s Exploration team is poised to begin drilling in early
winter
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.
“Our team has continued to analyze the information gathered over the summer and early fall,
and the determination has been made to accelerate our efforts and expand the drill program to
15 holes immediately,” said Mr. Mark Ireton, Victory President and CEO. “As a result, the
amendment to the original application is being finalized for submission.”
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 Lithium Project and 3 5 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 has also agreed to engage Aktiencheck.de AG, owned by Stefan Lindam
(collectively, "Aktiencheck"), for € 25,000 for a European marketing and news dissemination
program. The length of such program depends upon the volume of the Company's future news
flow.
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 statements other than statements of historical fact are forward -looking
statements, including, without limitation, statements regarding future financial position, bus iness 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. Often, but not
always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates ", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and phrases or may be identified by statements to the effect
that certain actions "may", "could", "should", "w ould", "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 t he 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 reliance
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.