Victory Resources Corporation said its exploration team has received results from the extensive ground sampling program, which builds on favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the company’s Smokey Lithium Property in Nevada.
“The results of the ground sampling program are an important component of our ongoing exploration efforts at the property, which is also deploying geologic mapping and geologic modeling all focused on identifying additional drill targets with the highest possible potential for intercepts on the Smokey Lithium deposit,” Victory president and CEO, Mark Ireton said in a statement.
“As previously noted, Victory is focused on expanding the footprint of the subsurface claystone hosted lithium mineralization in its maiden drill program and our exploration team is actively working the property and environs to do so," he added.
The ground sample program, completed at the end of June 2022, delivered lithium-bearing claystones located at surface via hand sampling. One hundred sixteen hand samples were taken from the property and sent to ALS Labs. Lithium-bearing claystones at surface as high as 630 parts per million (ppm) were located on the southwest section of Victory’s Smokey Lithium claim block.
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As the company noted on June 28, 2022, the ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to it locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of company.
Based on the surface sampling results and the results of completed drilling at the property, Victory said it has identified multiple, highly lithium enriched claystone units. These mineralized claystones are contained the regionally prolific Esmeralda formation as well as in an overlying unit known as the Alum formation.
This important result of the data and geologic compilations is allowing the targeting of drilling in positions to extend known lithium mineralization in both claystone formations, it added.
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 Nevada is a prolific region for lithium clay deposits - Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee.
Victory Resources is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
Contact the author at jon.hopkins@proactiveinvestors.com