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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 (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) reported a strategic focus on lithium exploration in Nevada, specifically at its Smokey Lithium property. With lithium prices reaching three-year highs due to increased demand for electric vehicles, the company is well-positioned for future advancements. The Smokey property is located in a prolific lithium region, and surface sampling indicates potential high lithium concentrations. CEO Mark Ireton emphasized the company’s commitment to lithium exploration amidst the EV revolution.
Victory Resources Corporation has extended the expiry date of 886,667 previously issued warrants by two years, now set to expire on November 12, 2023. Initially issued on November 12, 2019, these warrants allow holders to purchase common shares at an unchanged price of $0.50. This move aims to enhance the company's financial flexibility while maintaining existing terms for investors.
Victory Resources Corporation has staked 8 additional claims while re-evaluating its Loner Property in Nevada, suggesting a larger mineral system than initially believed. After extensive mapping and sampling, grab samples over 1000 ppm silver were identified 1 km north of the drill program. The drill program assessed mineralization in the area, showing anomalous gold and high arsenic levels. Results from assays are expected within a month, indicating a potential expansion of the known resources along with ongoing exploration efforts.
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Victory Resources Corporation is expediting a drill permit application for its Smokey Lithium project in Nevada, based on recent geological sampling showing lithium concentrations up to 1500 ppm. The property is strategically located near the prolific Albermarle's Silver Peak Mine, enhancing its potential. Exploration efforts are gearing towards drilling in late summer to early fall, contingent on permit approvals. The exploration team's findings reveal a significant area with high lithium values, signaling a promising development for the company.
Victory Resources Corporation has announced promising results from its sampling program at the Smokey Lithium property in Nevada, revealing lithium values up to 1500 ppm. Significant areas showed high concentrations, particularly in the southwest, where an anomalous zone spans approximately 1.5 km. The exploration team utilized advanced Laser Induced Breakdown Spectroscopy for analysis, with samples sent for verification. The Smokey Lithium project is strategically located near other active lithium properties, enhancing its potential.
Victory Resources Corporation has initiated an extensive geological sampling program on its Smokey Lithium property in Esmeralda County, Nevada. The two-week program aims to analyze claystones using Laser Induced Breakdown Spectroscopy (LIBS) and gather verification samples for lab analysis. Previous reconnaissance sampling indicated significant lithium presence (>300 ppm) on the property. This program will enhance understanding of the site and inform a potential drill program based on findings. The Smokey Lithium project is located in a region known for prolific lithium clay deposits.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) has completed a sampling program at its Black Diablo property in Nevada, collecting 72 soil and 22 rock samples. The purpose was to evaluate manganese oxide deposits for copper anomalies in the area, which is geologically favorable for Cyprus-style VMS deposits. Notably, a previous USGS assay indicated a copper level of 10,000 ppm. The exploration team aims to maximize resources for advancing Nevada properties, including Smokey Lithium, as announced by CEO Mark Ireton.
Victory Resources Corporation has completed a 10-hole, 496 metre drill program at the Loner Property in Nevada, targeting gold in soil anomalies. The drilling revealed intensely altered granite with quartz and limonite veinlets, suggesting potential gold-bearing zones. Assays are pending, which will inform future exploration strategies. The company is optimistic about the results, as they may indicate a larger gold system. Victory is also advancing opportunities in the vicinity, including staking the Black Diablo property.
Victory Resources Corporation has successfully completed a non-brokered private placement, raising $1,233,722 by selling 17,624,593 units at $0.070 per unit. The company incurred finders' fees of $67,649.33 and issued 966,419 broker warrants. Each unit includes one common share and one warrant, which can be converted at $0.10 until May 14, 2023. Proceeds will be allocated for working capital, acquisitions, and exploration program enhancement across properties in Nevada, British Columbia, and Quebec.