Victory Resources Corp (CSE:VR, OTC:VRCFF) said its exploration team has completed an extensive ground sampling program, aimed at guiding prime drill locations for its next round of drilling at the company’s Smokey Lithium Property in Nevada.
Building upon favourable drill results, the program focused on sampling the Esmeralda Formation and throughout the surrounding grounds of the Smokey Lithium property and has led to the company locating a zone of higher values to the south and southwest.
“We are continuing our exploration efforts at the property through a combination of surface sampling, geologic mapping and geologic modeling all aimed at providing additional drill targets,” Victory president and CEO, Mark Ireton said in a statement.
“Victory is focused on expanding the footprint of the subsurface claystone hosted lithium mineralization in its maiden drill program and our exploration team is actively working the property and environs to do so," he added.
READ: Victory Resources says drilling at Smokey lithium project producing good results; stakes additional ground in Clayton Valley
Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of the company.
Victory Resources also said it has welcomed entrepreneur, Gerald Tritt, as a director.
An accomplished business leader, Tritt has vast experience in capital markets as an early-stage investor with multiple ventures, and within the hospitality industry as the co-founder and co-owner of several restaurant concepts, most recently the Vera’s Burger Shack chain. He brings vast first-hand capital markets experience including an extensive network, corporate governance, and a strong private equity background, the company noted.
Contact the author at jon.hopkins@proactiveinvestors.com