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Victory Battery Metals Acquires New Property in James Bay Lithium District Adjacent to Patriot Battery Metals Corvette Property
Victory acquires 280 new claims, bringing its total claims to 347, expanding the Stingray property array in Quebec on ground adjacent to Patriot Battery Metals,
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[{"type":"text","content":" Victory acquires 280 new claims, bringing its total claims to 347, expanding the Stingray property array in Quebec on ground adjacent to Patriot Battery Metals, (TSXV: PMET), Corvette lithium discoveries Victory's Stingray array of properties increases from 3,417 to 17,792 hectares Victory's exploration team continues to pursue additional property in promising lithium areas in North America VANCOUVER, BC / ACCESSWIRE / February 15, 2023 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is excited to announce the Company has acquired 280 new claims in the James Bay Lithium District, bringing its total claims in the area adjacent to Patriot Battery Metals (PMET) Corvette Lithium discoveries to 347. Victory's holdings now represent a large ground position in an underexplored area within an emerging lithium district. With this acquisition, the Stingray property array grows from 3,417 to 17,792 hectares south of Patriot Battery Metals Corvette Property. The Stingray claim blocks range from adjacent to the Corvette to several kilometers away and span over 65 km of east to west strike length (Figure 1). Figure 1: Victory's Stingray Property Array including new claims as indicated \"Expanding Victory's presence in this prime location is a priority, allowing us to consolidate the Company's Stingray property array, streamline exploration efforts and establish a significant presence for further strategic acquisitions and or partnerships,\" said Mr. Mark Ireton, Victory Battery Metals President. The new claims were acquired for a cash payment of $100.000 and 3 million shares. The acquisition is made up of three blocks that will now become part of the Stingray Property array: Block One (Kaanaan Block): 146 claims, 7,486 hectares located approximately 2-3 km southeast and east of PMET's Corvette Lithium property Covers eastern extension of major regional fault structure which represents the contact between the Archean metavolcanics and Archean granodiorites. This major structure is believed to have controlled the emplacement of lithium bearing pegmatites within the Corvette Lithium Project located towards the west Block Two (Lac Block): 92 claims, 4,730-hectares located approximately 5km south of PMET's Corvette Lithium Property Covers multiple extensions of prospective metavolcanic unit which...