Welcome to our dedicated page for Maverick Gold and Silver news (Ticker: VRCFF), a resource for investors and traders seeking the latest updates and insights on Maverick Gold and Silver stock.
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 Resources Corporation has closed a non-brokered private placement, raising $172,150 through the sale of 7,825,000 units at $0.022 per unit. Each unit comprises one common share and a warrant, exercisable at $0.05 for two years. The company incurred finders fees of $3,520 and issued 160,000 broker warrants. Proceeds will fund working capital and exploration activities. The securities are subject to a hold period until March 8, 2023.
Victory Resources Corporation has successfully delineated significant lithium mineralization at the Smokey Lithium Property in Nevada, covering an area of approximately 2-3 square kilometers. Utilizing detailed geological mapping, surface sampling, and drilling, the exploration team has identified a high-confidence area and staked an additional 91 claims. One of the three drilled holes confirmed mineralization, supporting theories of widespread buried clays. Next steps include amending existing permits to facilitate further exploration.
Victory Resources Corporation (OTC PINK: VRCFF) announced a non-brokered private placement seeking to raise up to $2,000,000. The offering includes flow-through units priced at $0.05 with a warrant at $0.07, and non-flow-through units priced at $0.022 with a warrant at $0.05. The proceeds from the non-flow-through units will support working capital, while funds from flow-through units will finance exploration projects. The Company may pay finders' commissions of 8% for both offerings.
Victory Resources has successfully expanded its claims in the James Bay Lithium District, now holding a total of 49 claims, up from 44 earlier this year. This acquisition enhances its Stingray property adjacent to Patriot Battery Metals' Corvette lithium findings. The company aims to conduct geological surveys and airborne geophysics in the area to further explore its resources. Victory's exploration team is also seeking additional properties in Canada and the USA, enhancing its footprint in the lithium sector.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) has commenced its inaugural work program at the Georgia Lake Lithium Project in Ontario's Thunder Bay District. This project is strategically located near Rock Tech's Georgia Lake Lithium deposit, which has a history of economic lithium deposits since the 1950s. The initial program focuses on soil sampling and prospecting over ten days to identify lithium mineralization, with results expected within six weeks, paving the way for future exploration permits and community engagement.
Victory Resources has staked the new Stingray I and acquired Stingray II properties in Quebec, adjacent to Patriot Battery Metals (CSE-PMET) Corvette lithium discoveries. Stingray I includes 4 claims over 204 hectares, while Stingray II comprises 40 claims spanning 2041 hectares. With a growing demand for lithium projected to increase sixfold by 2030, Victory is actively pursuing more lithium properties. The technical information has been reviewed by a Qualified Person under National Instrument 43-101.
Victory Resources Corporation has made significant progress in its exploration efforts at the Smokey Lithium Property in Nevada. The company has completed an extensive ground sampling program, leading to favorable results that will guide future drilling efforts. The ground sampling identified a zone of higher lithium values and enabled strategic mapping to locate clay beds. Additionally, the company anticipates expediting a revision to its drilling application, optimizing drill hole placements. The announcement also welcomed Mr. Gerald Tritt as a new director, bringing valuable experience to the leadership team.
Victory Resources Corporation has announced promising results from its initial drill program at the Smokey Lithium project, revealing lithium concentrations up to 1270 ppm. The program included three drill holes, with the most significant results coming from Hole 09, which reported an average concentration of 640 ppm lithium from 325 to 417 feet. Positive analysis has led the company to stake additional ground to protect its interests. This activity indicates potential for a significant lithium deposit buried at depth, encouraging further exploration.
Victory Resources Corporation has acquired a 100% interest in the Georgia Lake Lithium Project in Ontario, strategically located near Rock Tech's lithium deposit. This acquisition aligns with the increasing global demand for lithium, as Victory aims to leverage Ontario's supportive infrastructure for mineral processing. The property offers easy access and promising geological features, with plans for detailed geological mapping and potential drilling. Total transaction costs include cash and equity payments reaching $440,000 over three years, with a commitment to spending $750,000 in mining work by the third anniversary.
Victory Resources Corporation has acquired 100% interest in the Saguenay Nickel Project in Quebec, encompassing 286.32 hectares. The property features historic ore-grade nickel and copper samples, with notable results including 3.41% Ni and 1.14% Cu from grab samples. Historical drilling returns show intersections of nickel and copper in several holes. The acquisition is expected to enhance Victory's portfolio, with plans for geological mapping and advanced exploration in 2022. The agreement involves $10,000 and 2.5 million common shares upon regulatory approval.