Business
Victory Resources Receives Smokey Lithium Drill Permit
Following Extensive Exploration and Analysis Smokey Lithium Exploration Team Set to Begin Drill Program Drill Program will Focus on Relationship to High Li Zone
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" Following Extensive Exploration and Analysis Smokey Lithium Exploration Team Set to Begin Drill Program Drill Program will Focus on Relationship to High Li Zone to adjacent Jindalee Property VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is excited to announce that the Company's has received a drill permit to commence drilling on its Smokey Lithium property in Esmeralda County, Nevada. As a result of the extensive exploration work and analysis conducted to date, the Company's exploration team has identified drill targets that will determine whether a relationship exists to the high Li zone on the adjacent Jindalee property. The drill permit was expanded from the original 4 holes to 15 holes based upon further analysis by the Company's Exploration Team which included locations of key targets for drill holes. \"We are excited to advance the exploration effort for Smokey Lithium,\" said Mr. Mark Ireton, Victory President and CEO. \"Our team on the ground has extensive knowledge of the area and geology, which has allowed us to develop a thorough drill program to gain as much knowledge as possible on the extent of lithium deposits at Smokey Lithium.\" About Smokey Lithium, Nevada Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's flagship lithium project. Smokey Lithium is located 25 km northwest of Cypress' Clayton Valley Lithium Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee). The Smokey Lithium property is located 35 km west of Tonopah, Nevada within the Walker Lane trans tensional corridor on the western margin of the Basin and Range province. The property's geology consists of Miocene - Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement formation. The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 - 1.50 meters thick. The flat lyin...