SC777
3 years ago
NEWS - Drill permit filed - am I still the only one here? LOL
Victorys Exploration Team Files Drill Permit Application for Smokey Lithium, Nevada
7:00 AM ET 10/19/21 | Dow Jones
Extensive Exploration Conducted Throughout the Summer to Develop Drill Target Zones
VANCOUVER, BC / ACCESSWIRE / October 19, 2021 / Victory Resources Corporation (CSE:VR)(FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is excited to announce that the Company has filed its drill permit application for its Smokey Lithium property in Esmeralda County, Nevada.
Highlights of Smokey Lithium Advancement
-- Victory conducted extensive exploration and sampling throughout the
summer to identify its approach to drilling the property
-- Drill permit has been filed for a program with four holes, which the
Company plans to expand to fifteen holes pending results and analysis
-- Plan is to commence drilling in late fall, early winter pending permit
approvals
Through May and June, Victory's exploration team conducted mapping and sampling using both a Laser Induced Breakdown Spectroscopy (LIBS) Analyzer* and the collection of claystone samples which were submitted to ALS in Reno. Values up to 630 ppm Li were returned from the surface sampling. The LIBS results were often several times higher than the associated rock sample results, possibly due to the high summer heat and/or the unconsolidated nature of the samples, therefore these results could only be used qualitatively.
Victory's exploration team continued to conduct exploration activities through July in order to better understand the geology and confirm a strategy for drilling. Surficial sediment sampling was conducted in the southwest and central zones of the property and taken from animal burrows. In addition, seven sites for deeper sampling were chosen based on their elevated surficial lithium values. Holes were dug and samples were taken from > 1 m deep in an attempt to find claystone beneath the generally unconsolidated surficial sediment.
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.
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 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.
* Laser Induced Breakdown Spectroscopy (LIBS) is a rapid chemical analysis tool that is used to detect and characterize materials. Focusing a powerful laser pulse onto the surface of solid, liquid or even gaseous matter is analyzed to determine the elemental composition of the sample.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
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, business 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", "would", "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 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 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.
SOURCE: Victory Resources Corporation
View source version on accesswire.com:
https://www.accesswire.com/668643/Victorys-Exploration-Team-Files-Drill-Permit-Application-for-Smokey-Lithium-Nevada
SC777
3 years ago
And more news this AM - also I believe the Gold assay results should be imminent, so we have LITHIUM here and GOLD:
Victorys Exploration Team Advances Smokey Lithium Drill Permit Process on Basis of High Lithium Values
7:00 AM ET 7/6/21 | Dow Jones
Highly Anomalous Zone with Results up to 1500 Ppm Li Provide Basis to Fast Track Drill Permit Application
VANCOUVER, BC / ACCESSWIRE / July 6, 2021 / Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is excited to announce that the Company is fast tracking a drill permit application for Smokey Lithium upon the basis of the strong results from the Company's recently completed geological sampling program on its property in Esmeralda County, Nevada, 20 miles from Albermarle's Silver Peak Mine.
"Esmeralda County is part of a prolific lithium area, and with sampling results of up to 1500 ppm Li at Smokey Lithium, Victory has a significant play right in the midst of the region," said Victory President and CEO, Mark Ireton. "The compelling results we have received from Smokey Lithium indicate that initiating a drill program on the property is our current top priority. Victory's exploration team is deployed in Nevada, putting us in an ideal position to seize this opportunity quickly and investigate the potential indicated at Smokey Lithium."
Highlights of Smokey Lithium Advancement
-- Victory exploration team in advanced planning and preparation toward
filing drill permit for Smokey Lithium
-- Plan is to commence drilling in late summer, early fall pending permit
approvals
-- Sampling indicates several areas of high Li values in the claystones up
to 1500 ppm Li
-- The southwest area of the Smokey Lithium property showed values well over
1000 ppm Li. Sampling in this area revealed a highly anomalous zone
approximately 1.5 km across
-- The central area also features elevated Li values and may be related to
the high Li zone on the adjacent Jindalee Property
Victory's exploration team is engaged in the process of planning its drill program for Smokey Lithium, building upon the results from its recently completed sampling program to prepare the required drill application for the property.
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.
Victory's exploration team completed the mapping and sampling program in June 2021 using both a Laser Induced Breakdown Spectroscopy (LIBS) Analyzer* and the collection of claystone samples.
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 Noram's Zeus Li 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, Jindalee).
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.
* Laser Induced Breakdown Spectroscopy (LIBS) is a rapid chemical analysis tool that is used to detect and characterize materials. Focusing a powerful laser pulse onto the surface of solid, liquid or even gaseous matter is analyzed to determine the elemental composition of the sample.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
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
SC777
3 years ago
NEWS: Looks like these boys found some LITHIUM.
Victory Sampling Program Reveals Highly Anomalous Zone With Readings Up to 1500 ppm Li at Smokey Lithium
7:00 AM ET 7/2/21 | Dow Jones
Strong Results of Mapping and Sampling Program To Guide Accelerated Exploration Plan for Smokey Lithium
VANCOUVER, BC / ACCESSWIRE / July 2, 2021 / Victory Resources Corporation (CSE:VR)(FRA:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is excited to announce strong initial results of its previously announced extensive sampling program on its Smokey Lithium property in Esmeralda County, Nevada.
Highlights of the Smokey Lithium Mapping and Sampling Program
-- Sampling indicates several areas of high Li values in the claystones up
to 1500 ppm Li
-- The southwest area of the Smokey Lithium property showed values well over
1000 ppm, Li sampling in this area revealed a highly anomalous zone
approximately 1.5 km across
-- The central area also features elevated Li values and may be related to
the high Li zone on the adjacent Jindalee Property
"These results are significant, validating Smokey Lithium and providing a focal point for Victory's exploration team, whom have been extremely active in Nevada over the last few months advancing our properties at a rapid pace," said Victory President and CEO, Mr. Mark Ireton.
Victory's exploration team completed the mapping and sampling program in June 2021 using both a Laser Induced Breakdown Spectroscopy (LIBS) Analyzer* and the collection of claystone samples, to complete the planned program announced on June 15(th) . Claystone samples have been submitted to ALS Labs in Tucson to further validate results.
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 Noram's Zeus Li 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, Jindalee).
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.
* Laser Induced Breakdown Spectroscopy (LIBS) is a rapid chemical analysis tool that is used to detect and characterize materials. Focusing a powerful laser pulse onto the surface of solid, liquid or even gaseous matter is analyzed to determine the elemental composition of the sample.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
SC777
4 years ago
$VRCFF NEWS
Victory Completes Sampling Program at Black Diablo, Nevada Property
7:00 AM ET 5/27/21 | Dow Jones
Victory Exploration Team Investigating Manganese Oxide Deposits for Copper in the Vicinity of the Big Mike Deposit
VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that its exploration team has completed a sampling program on the Company's Black Diablo property in Nevada. 72 soil samples and 22 rock samples were collected and submitted to ALS for analysis.
The primary purpose of the sampling was to investigate whether the Black Diablo manganese oxide deposits are anomalous in Cu (copper). This area is considered to be a favorable tract for Cyprus style VMS deposits by the USGS (Peters, et al, 1996), such as the Cu rich Big Mike Deposit about 10 miles to the south of the property. Cyprus VMS deposits and Mn-oxide deposits in this tract are spatially and geologically associated. The single assay included in the Black Diablo MRDS by the USGS indicated a Cu value of 10,000 ppm Cu, which indicates the sample was at least 1% Cu. Franciscan Type Mn-oxide deposits often report trace Cu, so significantly higher Cu values may indicate the area is prospective for Cyprus style VMS.
Sampling will also be looked at for indications of additional Mn-oxide mineralization in the area. While limited drilling has been done in the immediate vicinity of the Black Diablo Mine, no work has been documented on the rest of the property.
"With the proximity to the Loner property, where our drilling program was just completed, we have deployed our exploration team to Black Diablo to conduct this sampling program, prior to further exploration work in Nevada," said Mr. Mark Ireton, Victory CEO. "We have a strong exploration team on the ground, fully equipped and we are maximizing all of those resources to advance our Nevada properties, including Smokey Lithium."
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.
About the Black Diablo Property:
The Black Diablo Project is exploring for VMS Copper deposits in the same belt of rocks as Nevada Sunrise Gold Corp's Coronado VMS Project immediately to the south. The Big Mike Copper Mine is on the Coronado Property, about 10 miles south of the Black Diablo Property. The close proximity of the Black Diablo to the Loner Property allows for cost effective evaluation of the Black Diablo while crews are in the area. The Big Mike Copper Mine produced about 25 million pounds of copper in 100,000 tons of ore grading 10.5% copper, which was shipped directly to a smelter in West Germany. Ranchers also carried out heap leaching on the lower grade disseminated copper ore, treating about 300,000t of mineralised rock.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
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, business 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", "would", "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 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 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.
SOURCE: Victory Resources Corp.
View source version on accesswire.com:
https://www.accesswire.com/649354/Victory-Completes-Sampling-Program-at-Black-Diablo-Nevada-Property
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