Business
Victory Resources Completes Smokey Lithium Drilling Program Phase One
Phase One, 3 of 15-hole Drill Program, is focused on determining the relationship to High Li Zone on the adjacent Jindalee Property Exploration team is optimist
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" Phase One, 3 of 15-hole Drill Program, is focused on determining the relationship to High Li Zone on the adjacent Jindalee Property Exploration team is optimistic, as the third hole drilled demonstrated as thick sequence of claystone/siltstone with minimal overburden Geologic data from core logging is being combined with surface geologic mapping previously completed on the property. The goal is creation of a preliminary geologic model of the target sedimentary sequence Results from split core delivered ALS Chemx are pending, when received and combined with geologic learnings from which will inform next steps as Victory pursues its theory that the down dropped clay presents an opportunity to locate the extension of the lithium clays ‘buried at depth' VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce that the Company's exploration team has completed its drilling program on the Company's Smokey Lithium Property in Nevada. As previously noted, the Company's initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept. As no drilling has occurred prior to this program on Smokey Lithium, is it important to sample each hole extensively until basic geochemical data has been acquired. Drill Program Approach and Initial Highlights Overview: Victory executed an initial program of 3 drill holes with the goal aimed at locating lithium bearing clays, similar to what has been discovered at surface by Jindalee, the neighboring property. A northeast/southwest oriented fault becomes obscure on either end as it trends into Victory's property. Victory's exploration team theorizes that an extension of the lithium bearing clays, identified by Jindalee, would likely exist under the Victory property. However, pending lab results, it is unknown as to the depths required to intercept this possible lithium enriched clay unit. The target of the drilling is the regionally mineralized Esmeralda formation sediments which underlie the property. These sediments are composed of a c...