Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) (“Victory” or the “Firm”) is worked up to announce the Firm has acquired 280 new claims within the James Bay Lithium District, bringing its complete claims within the space adjoining to Patriot Battery Metals (PMET) Corvette Lithium discoveries to 347.
Victory’s holdings now characterize a big floor place in an underexplored space inside an rising 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 declare blocks vary from adjoining to the Corvette to a number of kilometers away and span over 65 km of east to west strike size (Determine 1).
Determine 1: Victory’s Stingray Property Array together with new claims as indicated
“Increasing Victory’s presence on this prime location is a precedence, permitting us to consolidate the Firm’s Stingray property array, streamline exploration efforts and set up a big presence for additional strategic acquisitions and or partnerships,” mentioned Mr. Mark Ireton, Victory Battery Metals President.
The brand new claims had been acquired for a money cost of $100.000 and three million shares. The acquisition is made up of three blocks that can now change into a part of the Stingray Property array:
Block One (Kaanaan Block):
- 146 claims, 7,486 hectares situated roughly 2-3 km southeast and east of PMET’s Corvette Lithium property
- Covers jap extension of main regional fault construction which represents the contact between the Archean metavolcanics and Archean granodiorites. This main construction is believed to have managed the emplacement of lithium bearing pegmatites inside the Corvette Lithium Venture situated in direction of the west
Block Two (Lac Block):
- 92 claims, 4,730-hectares situated roughly 5km south of PMET’s Corvette Lithium Property
- Covers a number of extensions of potential metavolcanic unit which is a identified host of lithium bearing pegmatites inside the James Bay Space. The Lac Block surrounds and covers unexplored extension from Infinity Stone Ventures (CSE: GEMS) Hellcat Venture the place they’ve recognized 5 pegmatites inside the greenstones1
Block Three (Riviere Block):
- 42 claims, 2,159-hectare block situated ~8km southwest of PMET’s Corvette Lithium Property
- Situated adjoining to main east-west trending regional construction and geological contact zone between tonalite/granodiorite and metavolcanic/metasedimentary items
Concerning the James Bay Lithium District
The James Bay Area of Quebec consists of the Superior Province. This Archean craton has been deformed by numerous orogens over time, creating giant fault zones containing gold, lithium, copper, zinc, and silver mineralization. The vast majority of the brand new Stingray claims lie alongside the identical rock unit that has been beforehand mapped by Patriot Battery Metals Inc., incorporates lithium-bearing pegmatites as much as 20 km in size with Li2O values as excessive as 1280 ppm.2
Patriot Battery Metals Corvette property “hosts vital lithium potential highlighted by the two.6 km lengthy CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, together with 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22‑083), 159.7 m at 1.65% Li2O (CV22-042), 131.2 m at 1.96% Li2O (CV22-100), and 52.2 m at 3.34% Li2O, together with 15.0 m at 5.10% Li2O (CV22-093).”3
Donald Théberge, P.Eng., M.B.A., an unbiased certified particular person as outlined in Nationwide Instrument 43-101, has reviewed, and authorised the technical contents of this information launch in relation to the Stingray properties, James Bay Lithium District, on behalf of the Firm.
As this acquisition constitutes a fabric change within the affairs of the Firm, the Firm has amended its providing doc filed on www.sedar.com on February sixth and out there on its web site to replicate the identical. The Firm has additionally filed a French model of the amended and restated providing doc in order that buyers resident in that province can take part pursuant to the listed issuer financing exemption below Half 5A of NI 45-106. Potential buyers ought to learn this providing doc earlier than investing resolution.
For additional info, please contact:
Mark Ireton, President
Phone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE:VR) is a publicly traded diversified funding company with mineral pursuits in North America. The corporate can also be actively in search of different exploration alternatives.
Neither the Canadian Securities Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead Wanting Statements
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