- 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
Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that the Company’s has begun its first work program on its recently acquired Georgia Lake Lithium Project in the Thunder Bay Mining District, Ontario.
“We are excited to begin our first work program at our fully owned Georgia Lake property, which is based in the proven Lithium region within the Thunder Bay District,” said Mr. Mark Ireton, Victory Resources President and CEO. “Victory’s Georgia Lake property is ideally situated in a proven lithium region, and one with mining infrastructure supported by the Government of Ontario and from Rock Tech, which will allow us to realize the full potential of any commercially viable deposits within the project.”
Work Program Details
- The work program will be focused upon soil sampling and prospecting over a 10-day period to explore for lithium mineralization on our Georgia Lake Project
- The program is aimed at identifying anomalous lithium values in soil to develop targets for follow-up exploration work which would then require an exploration permit and support from the local First Nations communities
- It is anticipated that results will follow within 6-weeks of the program, identifying the specific areas for permit application and community engagement related to future surface trenching and drilling
As it relates to Victory’s press release on 5 July 2022, Terms of the Agreement for the 100% acquisition of the Company’s Stingray II property are $10,000 in cash and 2.5 million common shares payable on Regulatory and Exchange approval.
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
