STINGRAY PROPERTY PHASE ONE WORK PROGRAM TO FOCUS ON GROUND BORDERING TWO AZIMUT EXPLORATION PROPERTIES UNDER “OPTION TO JOINT VENTURE AGREEMENTS” WITH RIO TINTO EXPLORATION CANADA FOR UP TO C$115.7 MILLION1

VANCOUVER, BC, CANADA, Aug. 03, 2023 (GLOBE NEWSWIRE) --

• Victory’s Stingray Property phase one work program to focus on its Lac Block and Riviere Block with a team of up to 4 Geologists and 4 technicians with Helicopter support
• Rio Tinto Exploration Canada has signed “two (2) Option to Joint Venture Agreements” with Azimut Exploration Inc. for its Kaanaayaa and Corvet lithium properties which border Victory’s Lac Block and Riviere Block directly to the east and south respectively (Figure 1)
• Overall, Victory’s Stingray array of properties includes 347 claims, totalling 17,792 hectares on ground adjacent to Patriot Battery Metals, (TSXV: PMET), Corvette Property – Declared “The Largest Lithium Pegmatite Resource in the Americas on 30 July 2023²

 

Victory Battery Metals Corp. (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to outline its phase one work program for its Stingray array, which will focus on its Lac Block and Riviere Block, directly to the east and south of Azimut Exploration Inc.’s Kaanaayaa and Corvet lithium properties, for which Rio Tinto Exploration Canada Inc. has just signed “two (2) Option to Joint Venture Agreements” with Azimut Exploration.

The company is pleased to announce that its exploration team has outlined a comprehensive work program highlights include:

• Helicopter access for a full team of up to four Geologists and four technicians to conduct comprehensive program. In deploying a large team, the program can be conducted with the most efficient and cost-effective use of helicopter support
• Extensive review of Quebec Government lake sediment data is in progress to be followed by the prospecting and till sampling program on the ground
• Area of interest focuses on Victory’s Lac Block and Riviere Block which are bordered by Azimut’s Kaanaayaa and Corvet directly to the east and south (Figure 1)
• It must be noted that the crew and equipment have been selected, however, timing is dependent on the resolution of extensive forest fires in the area 

 

Figure 1: Victory’s Stingray Property Blocks in Relation to Azimut’s Corvet and Kaanaayaa Properties Option to Joint Venture with Rio Tinto Exploration Canada Inc.

 

Work Program Area of Interest:

Stingray Lac Block:

• 92 claims, 4,730-hectares bordering Azimut’s Kaanaayaa property to the east and located approximately 5km south of PMET’s Corvette Lithium Property
• Covers multiple extensions of a prospective metavolcanic unit which parallels the metavolcanic unit hosting PMET's pegmatites. The Lac Block surrounds and covers unexplored extension from Infinity Stone Ventures (CSE: GEMS) Hellcat Project where they have identified 5 pegmatites within the greenstones³

 Stingray Riviere Block: