Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) said it is prepared to drill new high-quality targets at its wholly-owned Smokey Lithium project in Nevada once its drill permit amendment is approved.
The company said it has secured the equipment and services to conduct a drill program for newly identified hole locations in the area of interest contiguous with the southwest part of the original claim block for the property.
The proposed program seeks to extend strong lithium mineralization intersected previously on the property’s hole 09, which ended in strong, claystone-hosted, lithium mineralization at 417 feet, it said.
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"In anticipation of Smokey Lithium's amended drill permit approval, the company has secured drilling capabilities in what is an extremely competitive market, to ensure the exploration can advance in short order," Mark Ireton, Victory Battery Metals’ CEO, said.
"The permit amendment is designed to place holes on 500-foot to 1000-foot grid spacing over the Area of Interest, testing the marginalized depth of Hole 09 at such a distance to grow a resource while managing risk."
Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America.
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