Victory Resources Corp (CSE:VR, OTC:VRCFF) said it has increased its land claim holdings in the James Bay Lithium District in Quebec, bringing the total claims acquired, staked, and filed to sixty-six.
The company’s Stingray Properties are non-contiguous in the vicinity of Patriot Battery Metals (PMET) Corvette lithium property.
Victory has acquired 17 new Stingray claims, adding to its array of property in the vicinity of PMET’s Corvette property. 100% ownership of the claims has been acquired for a cash payment of $7,000 and a total of 2.8 million shares.
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The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been deformed by various orogens over time, creating large fault zones containing gold, lithium, copper, zinc, and silver mineralization.
The majority of the new Stingray claims lie along the same rock unit that has been previously mapped by Patriot Battery Metals, contains lithium-bearing pegmatites up to 20 kilometres in length with Li2O values as high as 1280 parts per million (ppm).
Victory Resources 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 jon.hopkins@proactiveinvestors.com