Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) has announced an updated exploration plan for its Georgia Lake Lithium project in Ontario’s Thunder Bay Mining District.
The company said its exploration team has designed a work program to advance the project and is currently soliciting bids to fly a magnetometer survey over its Georgia Lake property to determine whether mica granite bodies can be identified within the metasediments. Once the magnetometer survey has been completed, it said a field crew will mobilize onto the property in early June to begin prospecting, rock sampling, reconnaissance mapping, as well as overburden mapping and sampling.
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"The Georgia Lake Lithium project is a strong lithium play in a proven lithium region, supported through a renewed focus from the Government of Ontario, with their continued development of infrastructure to grow the Thunder Bay District, which increases accessibility and will allow us to realize the full potential of any commercially viable deposits within the project,” Victory Resources president and CEO Mark Ireton said in a statement.
Georgia Lake Lithium project highlights:
- Victory's Georgia Lake property is 2 kilometres east of Rock Tech Resources' advanced lithium project within the Georgia Lake lithium District and hosts numerous lithium-bearing pegmatites;
- A 2022 technical report on the Georgia Lake property produced a mineral resource estimate which outlined 10.60 million tonnes (Mt) Indicated Mineral Resource at a grade of 0.88% lithium oxide (Li2O) and 4.22 Mt of Inferred Mineral Resource at a grade of 1.0% Li2O;
- In the Georgia Lake Lithium District, spodumene-bearing pegmatites occur almost entirely within metasediments, usually spatially associated with mica-bearing granitic rocks. Regional mapping by Pye (1965) indicates that Victory's Georgia Lake property is largely underlain by metasediments;
- Pegmatites and mica granites are reported to the south, west and east of the property; and
- Mapping on Rock Tech's ground has outlined additional bodies of mica granite not shown on Pye's map, suggesting the possibility that previously unmapped mica granites and associated pegmatites may be found on Victory's ground as well.
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.
Contact the author at stephen.gunnion@proactiveinvestors.com