Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) told investors that an exploration team is onsite as it kicks off the summer exploration program at its Georgia Lake Lithium Project in Ontario’s Thunder Bay Mining District.
The company said in a statement that the current exploration program includes prospecting and sampling, as well as rock, till and stream sediment sampling aimed at identifying geological or geochemical indicators of lithium-bearing pegmatites.
“The Georgia Lake Lithium project is a strong lithium play in a proven lithium region,” Victory’s president and CEO Mark Ireton said.
“Our work program is being led by two geologists along with two prospectors and has been designed towards identifying geological or geochemical indicators of Li-bearing pegmatites on the Georgia Lake Property,”
The company noted that the property is 2 kilometres east of Rock Tech Resources' advanced lithium project, where muscovite-bearing granites are associated with lithium-bearing pegmatites.
As the property is underlain by metasediments, and muscovite granites occur close to the property to the west, south and east, it said it considers the property to be highly prospective for lithium-bearing pegmatites overlooked during regional mapping.
It noted that 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% Li2O (lithium oxide) and 4.22 Mt of Inferred Mineral Resource at a grade of 1.0% Li2O.
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