Victory Resources Corp (CSE:VR, OTC:VRCFF) said it has acquired a 100% interest in the Georgia Lake Lithium Project in the Thunder Bay District, Ontario.
“Noting the growing global demand for Lithium, and other batter metals, Victory’s exploration team has been actively looking for an Ontario-based Lithium property within proven Lithium regions,” Mark Ireton, Victory Resources president and CEO, said in a statement.
“Georgia Lake Lithium represents such a property, and with the renewed focus from the Government of Ontario, the development of infrastructure is being supported in this prolific Lithium region, allowing us to realize the full potential of any commercially viable deposits within the project," he added.
READ: Victory Resources acquires Saguenay Nickel Project in Quebec
The company noted that the property is easily accessible, ranging anywhere from 1-3 kilometres (km) from the Trans-Canada Highway. It is 2 km east of Rock Tech Resources' advanced lithium project within the Georgia Lake lithium District.
Much of the project area is also accessible through a recently developed network of logging roads, which will benefit Victory Resources in terms of lower exploration costs, it added.
Contact the author at jon.hopkins@proactiveinvestors.com