Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) announced that the company’s exploration team has completed the 2023 spring drill program at its Smokey Lithium project in Nevada, drilling at a total of 1966.5 feet over four holes, cores from which have been assembled and sent for assay.
The diversified investment corporation said an onsite geological assessment indicates a significantly expanded area and thickness of the targeted claystone sequences of the Esmeralda Formation at Smokey Lithium.
“Our team has reviewed the onsite findings and have determined that this drill program moved the project from an early-stage project towards an advanced stage project,” Victory Battery Metals CEO Mark Ireton said in a statement.
Victory noted the project has now passed the all the important milestones to date in proving the right type of rocks are underlying the property, and that these rocks contain robust lithium.
The company added that when combined with the highly encouraging results from Victory’s first round drilling, which was completed in 2022, the project area is highly prospective.
Victory Battery Metals stated that its three-hole drill program focuses on a two-to-three square kilometre area with lowered risk, having a high likelihood to intersect lithium rich clays via drilling, and may indicate maiden resource potential.
Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
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