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Victory Resources Acquires 100% Interest in Georgia Lake Lithium Project in Ontario
Property represents a large, under-explored land package adjacent to Rock Tech's near term Georgia Lake Lithium deposit The Georgia Lake Lithium District has a
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[{"type":"text","content":" Property represents a large, under-explored land package adjacent to Rock Tech's near term Georgia Lake Lithium deposit The Georgia Lake Lithium District has a proven track record of economic Li deposits dating back to the mid 1950's Rock Tech is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby Li mines VANCOUVER, BC / ACCESSWIRE / May 3, 2022 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce that the Company's has acquired 100% interest in the Georgia Lake Lithium Project in the Thunder Bay District, Ontario. \"Noting the growing global demand for Lithium, and other batter metals, Victory's exploration team has been actively looking for an Ontario based Lithium property within proven Lithium regions,\" said Mr. Mark Ireton, Victory Resources President and CEO. \"Georgia Lake Lithium represents such a property, and with the renewed focus from the Government of Ontario, the development of infrastructure is being supported in this prolific Lithium region, allowing us to realize the full potential of any commercially viable deposits within the project.\" Georgia Lake Project Highlights The property is easily accessible, ranging anywhere from 1-3 km from Trans-Canada Highway, midway between Nipigon and Beardmore, Ontario; 14 km from Beardmore, which is a hub for the mining industry in Northern Ontario. Victory's Georgia Lake property is 2 km east of Rock Tech Resources advanced lithium project within the Georgia Lake lithium District In addition to external access, much of the project area is accessible through a recently developed network of logging roads, which will benefit Victory in terms of lower exploration costs Historical mapping has noted abundant S-type granites which are known to host spodumene (\"LCT\" - lithium-cesium-tantalum) pegmatites on nearby Rock Tech lithium deposit. Prior to commencing exploration of the property, the company plans to initiate discussions with local first nations setting out a collaborative framework to maximize efficiency and results. An application for a work permit will be submitted to the MNDM which will include detailed geological mapping and sampling, with emphasis on lat...