Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) said it has completed three holes of drilling on its Smokey Lithium Nevada property, and based on positive in-field analysis, has extended the program to include a fourth hole.
The company said the hole locations have been selected to extend the strong lithium mineralization intersected on its initial drill program in 2022. The fourth hole has been selected specifically in an effort to determine the strength of lithological correlation between holes 22-09, 23-01, 23-02 and 23-03.
"In what was originally planned as a 3-hole program, our team has assessed the core and made significant correlations between holes 22-09 and holes 23-01/23-03, determining that information to be gained by drilling a 4th hole with our assets on site now is the most prudent move," said Mark Ireton, Victory president and CEO in a statement.
"Our team has observed clays on each of the first three holes drilled, varying from grey, to green to very dark, containing abundant fine-grained calcite as noted by using hydrochloric acid during the logging process,” he added.
The company said core material from the completed holes are being processed and shipped to ALS Reno for assay on a continuing basis.
Victory's Smokey Lithium project lies approximately 20 miles north of Clayton Valley, to the west of American Lithium's flagship lithium project. Esmeralda County, Nevada, is a prolific region for lithium clay deposits.
Contact the author at jon.hopkins@proactiveinvestors.com