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Victory Battery Metals expands its lithium drill program in Nevada, adding a fourth hole at the Smokey Lithium property. This decision follows the initial drilling of three holes, where positive in-field findings prompted the team to utilize their resources on-site effectively.
The Smokey Lithium property, located in Esmeralda County, has been noted for its clay lithium deposits and is strategically situated near several established lithium projects. The fourth drill hole aims to deepen the understanding of lithological correlations based on previous results from 2022.
Core samples from all completed holes are being processed for assay, with results awaited from hole 23-01. As of now, shares trade at $0.065, reflecting investor interest in the ongoing developments.
Victory Battery Metals has completed drilling on three holes at its Smokey Lithium property in Nevada and has expanded the program to a fourth hole based on positive in-field analysis. The current drill program, focusing on a 2-3 km² area, aims to assess lithium-rich clays with a lowered risk of intersecting valuable deposits. The decision to add a fourth hole was based on favorable correlations observed between previously drilled holes. Core samples are being processed for assay to evaluate lithium mineralization strength. The Smokey Lithium project is situated in a region known for prolific lithium clay deposits, enhancing its potential for maiden resource determination.
Victory Battery Metals Corp. has completed the initial drill hole in its second phase of drilling at the Smokey Lithium property in Nevada. This property, located in Esmeralda County, aims to tap into the region's substantial clay lithium deposits. The first hole, VRPDH-1, reached a depth of 540 feet and encountered 259 feet of claystone, with assay results pending. The company continues with its drilling for the second hole, VRPDH-2, while the project is expected to potentially indicate maiden resource viability. The exploration team is optimistic based on the correlation with previous drill results, and they have developed proprietary maps to better understand the area's geology. Currently, shares are trading at $0.065.
Victory Battery Metals has announced the completion of its first drill hole, VRPDH-1, at the Smokey Lithium Project in Nevada. The drill reached a depth of 540 feet, encountering 259 feet of claystone starting at 268 feet, confirming the deposit's depth beyond the previous Hole-09 which ended at 417 feet. The area shows promising lithium mineralization, supported by results from the 2022 drill program. The company is currently conducting the second drill hole, VRPDH-2, while preparing for assays from the first hole. This exploration aims to identify a potential maiden resource in an area known for lithium clay deposits. The project is strategically located near other significant lithium properties in Esmeralda County, highlighting its prospective nature for investors.
Victory Battery Metals Corp. (CSE:VR) (FSE:VR6) (OTCPink:VRCFF) has initiated its second phase of drilling at the Smokey Lithium Property in Nevada, focused on expanding lithium mineralization that was identified in a prior program. This drilling aims to identify further resources in a high-priority area recognized from prior surface mapping and analysis. The new drill targets are positioned strategically, 500 to 1,000 feet away from previously mineralized intersections. CEO Mark Ireton emphasized the team's confidence in resource potential, looking to establish a maiden resource for the property. Shares are currently trading at $0.065.
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.
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