Victory Resources Inc said it has received a drill permit to commence drilling on its Smokey Lithium property in Esmeralda County, Nevada.
As a result of the extensive exploration work and analysis conducted to date, the company said its exploration team has already identified drill targets that will determine whether a relationship exists to the high lithium (Li) zone on the adjacent Jindalee property.
The drill permit was expanded from the original four holes to 15 holes based upon further analysis by its exploration team, which included locations of key targets for drill holes.
READ: Victory Resources poised for drilling at Smokey lithium project after filing drill permit amendment
"We are excited to advance the exploration effort for Smokey Lithium,” the company's president and CEO Mark Ireton said in a statement.
“Our team on the ground has extensive knowledge of the area and geology, which has allowed us to develop a thorough drill program to gain as much knowledge as possible on the extent of lithium deposits at Smokey Lithium,” he added.
Victory Resources’ Smokey Lithium project is a clay lithium property that sits around 20 miles north of Clayton Valley, and 20 miles west of American Lithium's flagship lithium project. Smokey Lithium is located 25 kilometres (km) northwest of Cypress' Clayton Valley lithium project and 35 km west of American Lithium Corp (TSX-V:LI)'s Tonopah Lithium claims property in southwest Nevada
The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 - 1.50 metres thick. The claystone requires drilling to fully validate and assess the project's potential as indicated by surface sampling.
Contact the author at stephen.gunnion@proactiveinvestors.com