Siren Gold Provides Exploration Update

Overview

Victory Battery Metals (CSE:VR,FWB:VR61,OTCPINK:VRCFF) is a Vancouver-based junior mining and exploration firm working primarily out of North America. The corporate not too long ago underwent restructuring and rebranding to pivot to battery metals, recognizing the numerous alternative led to by the worldwide efforts towards electrification and decarbonization.

Because the push for clear vitality and the worldwide transition to net-zero proceed to ramp up, lithium has by no means been extra essential. The burgeoning electrical automobile market exemplifies this, with gross sales of electrical vehicles topping 6.6 million in 2021 and over 10 million in 2022. On the plus facet, this explosive market development will, based on the Worldwide Vitality Company, get rid of the necessity for roughly 5 million barrels of oil per 12 months by 2030.

Victory’s flagship venture, Smokey Lithium, has the excellence of being located very near the one lithium-producing silver mine in North America. Along with Smokey Lithium, Victory maintains 5 different tasks: Stingray Lithium Array in James Bay, Quebec; Georgia Lake Lithium property, Ontario; Tahlo Lake, within the Babine Copper-Gold Porphyry District, British Columbia; Saguenay Nickel Mission, Quebec; and Black Diablo Copper and Manganese in Nevada.

These tasks’ strategic places in mining-friendly and infrastructure-ready jurisdictions place Victory to not solely discover new sources of crucial battery metals required to fulfill the rising demand, but additionally assist disrupt the at the moment unbalanced provide chain, with China dominating roughly 70 p.c of world lithium manufacturing regardless of the actual fact it solely provides 13 p.c of the world’s lithium.

Given China’s questionable mining practices and propensity for leveraging the worldwide provide chain as a political weapon, the established order is much from superb. Unsurprisingly, many international locations — Canada and the US amongst them — are investing closely into establishing a home lithium provide chain. Victory Battery Metals is ideally positioned to benefit from these funding efforts.

Firm Highlights

• Lately accomplished a profitable personal placement for $2 million, and holds a number of million {dollars} in treasury.
• Smokey Lithium flagship venture operates out of Nevada, some of the mining-friendly jurisdictions in North America.
• Victory’s main focus is on bridging the appreciable hole between provide and demand, and is benefitting significantly from federal mandates round lithium and significant battery metals manufacturing in each Canada and the US.
• Work packages are deliberate for all main property throughout the subsequent twelve months.
• Maintains an extremely various mining portfolio primarily geared in direction of the wants of the rising electrical automobile market. Nevertheless, its property additionally embrace valuable metals reminiscent of gold and silver.
• Victory is actively working to establish alternatives in areas conducive to mining and geographic places suited to year-round exploration and improvement.

Positioned 20 miles north of Clayton Valley and 20 miles west of American Lithium’s flagship TLC Mission, the Smokey Clay Lithium Mission resides in one in all North America’s most prolific lithium areas. Esmeralda County is residence to a number of large-tonnage lithium clay deposits with acceptable grades over 900 components per million (ppm). To that finish, there are numerous different tasks in varied phases of exploration and improvement all through the realm and a number of mining corporations have sought to stake a declare right here, together with Noram, Cypress, Spearmint and Enertopia.

The Smokey Lithium Mission is contiguous and adjoining to Jindalee Assets’ (ASX:JRL) wealthy Clayton North deposit. With this in thoughts, Victory suspected that its property may show comparable geology, and executed an intensive drilling program in 2022, which confirmed the presence of great lithium mineralization throughout thick layers of underlying claystone.

This program allowed Victory to generate correct cross-sections, geologic maps and subsurface fashions, with the corporate then selecting to amass extra property south of its present holdings. A spring drilling program that concluded in Might 2023 noticed Victory considerably broaden its estimates of each the realm and thickness of Smokey Lithium’s focused claystone sequences. With this program’s conclusion, the corporate additionally introduced the venture had formally moved from early-stage to superior stage.

Mission Highlights:

• Confirmed Regulatory Feasibility: Located in a really mining-friendly jurisdiction, Smokey Lithium additionally operates inside a area that’s residence to a number of ongoing exploration tasks.
• Massive Useful resource Potential: Esmeralda County, the place the venture is located, has been the positioning of among the most prolific and promising lithium discoveries in North America. There may be each indication that this pattern will proceed.
• Excessive-grade Lithium: Adjoining tasks which show comparable geology have demonstrated lithium grades as excessive as 930 ppm. The best grade uncovered in Victory’s 2022 drilling program was 1,270 ppm.
• Ideally Positioned: The venture, which spans 3,625 acres, advantages from each pre-existing infrastructure and favorable geography — the bottom throughout the venture’s space is primarily flat.
• Encouraging Outcomes: Nearly each program and in-field evaluation carried out by Victory suggests this venture has important potential.

Victory’s Stingray Properties include 347 non-contiguous claims immediately adjoining to Patriot Battery Metals’ (TSXV:PMET) extremely promising Corvette Property. As a result of they’re positioned in Quebec’s James Bay lithium district — itself an rising lithium hub — Victory is ready to benefit from each growing and pre-existing infrastructure throughout the area. The corporate plans to make use of its presence right here as a springboard for additional strategic acquisitions and partnerships.

Mission Highlights:

• A Large Underexplored Space: The Stingray Properties cowl a complete space of 17,813 hectares, most of that are both unexplored or underexplored.
• Promising Drill Outcomes: The adjoining Corvette property reveals important potential which can prolong to Victory’s Stingray holdings. This consists of drill intercepts of 1.65 p.c lithium oxide (Li2O) and 193 ppm tantalum pentoxide (Ta2O5) over 159.7 meters (CV22-042), 1.22 p.c Li2O and 138 ppm Ta2O5 over 152.8 meters (CV22-030), 2.13 p.c Li2O and 163 ppm Ta2O5 over 86.2 meters (CV22-044) and a pair of.22 p.c Li2O and 147 ppm Ta2O5 over 70.1 meters, together with 3.01 p.c Li2O and 160 ppm Ta2O5 over 40.7 meters (CV22-017).
• Favorable Geology: Properties to the east and west of Victory’s claims reportedly host pegmatite dikes, and the holdings themselves are potential for pegmatites much like these discovered on Infinity Stone’s Taiga and Camaro tasks.

Georgia Lake Lithium Mission

Positioned two kilometers east of Rock Tech Lithium’s (TSXV:RCK) superior lithium venture, the Georgia Lake Lithium Mission advantages from each low exploration prices and a lithium-rich district. Historic mapping information from the area recognized ample S-type granites, which continuously host spodumene pegmatites. As well as, the area itself has a confirmed monitor document of financial lithium deposits courting again to the Nineteen Fifties.

Having not too long ago accomplished an aerial survey of the property, Victory plans to have boots on the bottom in early June to evaluate the venture’s pegmatite content material.

Mission Highlights:

• Straightforward Entry: The property is positioned roughly 3 kilometers from the Trans Canada Freeway and 14 kilometers from Beardmore, a significant mining hub in Northern Ontario. The venture can also be accessible via a not too long ago developed community of logging roads.
• On-Web site Processing: Rock Tech intends to assemble a lithium ore processing facility for customized milling within the area which can help mineral processing from close by lithium mines, Georgia Lake included. It is anticipated to be on-line in early 2024.

Tahlo Lake Mission

A comparatively new acquisition, Victory’s Tahlo Lake property is positioned within the prolific Babine Copper-Gold Porphyry District in British Columbia. Overlaying a complete of 1,688 hectares, it sits adjoining to the identical north-northwest trending fault because the prolific Morrison Deposit. Victory not too long ago confirmed this in a magazine survey of the property, which confirmed the historic copper anomaly within the area’s soil overlies a linear magazine excessive.

Mission Highlights:

• Distinctive Mineralization: A regional geochemical survey silt pattern from the property’s middle returned over the 98th percentile for zinc and over the 96th percentile for copper relative to its environment. One other until pattern web site roughly 3 kilometers down ice from the property returned 49 components per billion (ppb) of gold, which was additionally over the 98th percentile.
• Historic Potential: Along with being located within the Babine Copper-Gold Porphyry District, historic information from Tahlo Lake reveals appreciable promise. Victory is leveraging this historic information and utilizing it to information exploration and improvement.
• Anomalous Soil: Noranda, the property’s unique proprietor, at one time, reported a linear soil anomaly of fifty meters by 500 meters, trending north-northwest. Copper values throughout the anomaly ranged from 60 to 720 ppm.
• Current Infrastructure: Tahlo Lake is simply 8 kilometers from American Eagle Gold’s (TSX:AE) NAK Property, one in all a number of main tasks throughout the district.
• Increasing Scope: Initially, Tahlo Lake coated solely 735 hectares. Victory bought a further 953 hectares in February 2023 in response to extremely anomalous gold in until samples each to the north and south of the unique property.

Consisting of 5 claims over 286.4 hectares, the historic Saguenay Nickel Mission is located roughly 10 kilometers south of the city of Saguenay, Quebec. Though an evaluation in 1959 confirmed the property to include respectable nickel content material, there have been no fashionable exploration efforts within the area till Victory’s acquisition. The corporate is at the moment assessing the property to find out subsequent steps.

Mission Highlights:

• Favorable Geology: The Saguenay Mission is underlain by mafic to ultramafic rocks generally related to nickel-copper-platinum group component sulfide deposits
• Historic Knowledge: A historic seize pattern returned as much as 3.41 p.c nickel, 1.14 p.c copper, 1.2 ppm silver and 0.13 p.c cobalt.

Black Diablo Copper Mission

Black Diablo remains to be in its early phases — Victory solely not too long ago acquired affirmation from the Bureau of Land Administration for its 16 claims. Positioned south of Winnemucca, the venture is suspected to include VMS copper deposits in the identical belt of rocks as Nevada Dawn Gold’s Coronada VMS Mission. The venture can also be 10 miles north of the Large Mike Copper Mine, which produced about 25 million kilos of copper in 100,000 tons of ore grading 10.5 p.c copper. The Black Diablo property additionally hosts the Black Diablo Manganese Oxide Mine.

Mission Highlights:

• Extremely Potential for Copper: Based on the Mineral Useful resource Knowledge System entry for the Black Diablo deposit, it accommodates roughly 10,000 ppm of copper. That is an unusually excessive quantity for a deposit of this nature, which means that the area could include wealthy deposits — and is additional prompt by the presence of the Large Mike mine.