Maverick Gold and Silver Corp. reports news centered on an exploration-stage portfolio of gold, silver, and copper properties in British Columbia and Nevada. Company updates focus on property staking, sampling, mapping, historic data review, and project-development work, with recurring emphasis on the Jericho property in Lincoln County, Nevada.
News also covers corporate identity and market-structure updates following the company's name change from Supreme Critical Metals, along with governance changes, technical-advisory appointments, and mining-investment conference participation tied to its exploration strategy.
Victory Battery Metals has commenced its second phase of drilling on the Smokey Lithium Property in Nevada, focusing on a 2-3 km² area with high potential for lithium mineralization. The three-hole drill program aims to extend significant lithium-rich clays identified in 2022's initial drilling and will test the full mineralized depth of hole 09, which showed strong results at 417 feet. Results from previous drilling and geological mapping support the potential for a maiden resource. The program is expected to be completed in 2-3 weeks, pending weather conditions.
Victory Battery Metals has announced the commencement of exploration at its wholly-owned Tahlo Lake Property located in British Columbia's Babine Copper-Gold Porphyry District. This property, covering 1688 hectares, is positioned 8 km northwest of American Eagle Gold's NAK Property. Initial work includes geological mapping and an airborne magnetometer survey, with plans for a follow-up 10-day program in late June. Historical sampling has shown promising concentrations of copper, zinc, and gold within the area. The exploration is timed following positive results from nearby American Eagle Gold.
Victory Battery Metals has successfully closed its non-brokered Flow-Through Unit Private Placement, raising $150,000 through the sale of 1,250,000 Units, priced at $0.12 each. Each unit includes a common share and a warrant to purchase a non-flow-through share at $0.15. The Corporation also closed its final tranche of a Unit Financing, totaling $1,775,800, with units offered at $0.08. The funds will be used for working capital and general corporate purposes. Both financings are subject to trading restrictions until July 11, 2023.
Victory Battery Metals Corp. (CSE:VR) has received drilling permit approval for its Smokey Lithium Property in Nevada, a key area for lithium clay deposits. The property is located near significant lithium operations, including Silver Peak, the only current lithium producer in the U.S. Following additional exploration efforts, the company identified a 2.5 sq km high-priority zone within newly staked claims. Management considers these areas highly prospective, especially after promising results from previous drilling. Currently, shares are trading at $0.085.
Victory Battery Metals has received approval for an amended drill permit for its Smokey Lithium Property in Nevada, enabling the advancement of its drilling program. New drill holes are strategically placed to extend previously identified lithium mineralization from hole 09, where lithium-rich claystone was discovered at 417 feet. The focus is on a promising 2-3 km2 area identified through various studies, indicating potential for maiden resource development. The property lies within Nevada's prolific lithium clay region, adjacent to established lithium projects.
Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF) is launching an exploration program for its Georgia Lake Lithium Project in Ontario. The company is currently soliciting bids for a magnetometer survey to identify mica granite bodies within the metasediments. Following this survey, a field crew is set to mobilize in early June to conduct prospecting and sampling. The project, located near Rock Tech Lithium's advanced lithium project, is accessible and expected to lower exploration costs. The lithium supply gap is projected to widen in the coming years, supporting the potential for commercially viable deposits in the region.
Victory Battery Metals (CSE:VR) (OTC PINK:VRCFF) has announced plans to enhance its Georgia Lake Lithium Project in Ontario. The company is soliciting bids for a magnetometer survey to identify mica granite bodies within the property's metasediments. Following this survey, fieldwork including rock sampling and mapping will commence in June 2023. The Georgia Lake property, located near Rock Tech Resources' advanced lithium project, contains significant indicated and inferred mineral resources, estimated at 10.60 million tonnes at 0.88% Li2O and 4.22 million tonnes at 1.0% Li2O. This project is bolstered by government support for infrastructure development in the Thunder Bay District.
Victory Battery Metals has secured the necessary equipment and services for its upcoming drilling program at the Smokey Lithium Property in Nevada, pending approval of its amended drill permit application. The property is strategically located near known lithium deposits, indicating potential for significant discoveries. The exploration team validated the presence of mineralized clays, with Hole 09 showing high lithium concentrations. Additionally, the company has expanded its holdings in Quebec with the acquisition of 280 new claims, further enhancing its position in an emerging lithium district. Shares are currently trading at $0.075.
Victory Battery Metals has secured a drilling team and equipment to advance its Smokey Lithium project in Nevada, contingent on drill permit approval. The new drill hole locations aim to extend previously identified lithium mineralization encountered in hole 09, which ended with strong mineralization at 417 feet. The company utilized detailed geological data and mapping to identify a high-priority area for further exploration, indicating potential resource growth. The competitive market for drilling services further emphasizes the urgency to proceed with exploration.
Victory Battery Metals Corp. (CSE:VR) (OTCPink:VRCFF) has expanded its Tahlo Lake Property in British Columbia, staking an additional 953 hectares and increasing its total to 1,688 hectares. This area is located in the promising Babine Copper-Gold Porphyry District, known for significant mineral resources. Recent geochemical surveys indicate elevated concentrations of copper and gold, reinforcing the property's exploration potential. In Quebec, the company acquired 280 new claims totaling 14,375 hectares, enhancing its position in an emerging lithium district. Victory is currently raising up to $2 million to fund its exploration activities.