Victory Battery Metals Corp (CSE:VR, OTC:VRCFF) told investors it has initiated expansion plans for its Smokey Lithium property in Nevada after receiving preliminary analysis of a recent drill program.
“Smokey Lithium is in a prolific lithium region that is highly competitive and we have acted prudently at this time to respond to preliminary analysis of the recently completed drill program, as sequential information was delivered from the lab, to expand the Smokey Lithium property with 100 new lode claims, which will increase the property by 2066 acres to a total 5691 acres,” Victory president and CEO Mark Ireton said in a statement.
The company said its exploration team continues to analyze results from all exploration activities, including its most recent drill results combined with 2022 drilling, field mapping, surface sampling, and Tromino passive seismic studies, to develop the most complete picture for ongoing exploration plans at Smokey Lithium.
It noted that the project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined with the “highly encouraging” results from the first round of drilling in 2022, it said the project area is highly prospective.
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