Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com


#TSX #Lithium News: Victory (TSXV: $VVN) Begins Exploration Program on the Spirit River Lithium Project and New Corporate Appointments

 

Vancouver, British Columbia - January 11, 2017 (Newsfile Corp.) (Investorideas.com Newswire) NOT FOR DISSEMINATION IN THE UNITED STATES - Victory Ventures Inc. (TSXV: VVN) ("Victory" or the "Company") is pleased to announce its initial Exploration Program has begun on the Spirit River Lithium Project, located northwest of the Fox Creek-Swan Hills area in the Peace River District of Alberta Canada.

Victory has a 100-per-cent undivided interest in four contiguous metallic and industrial minerals exploration permits that total approximately 36,800 hectares (91,000 acres), or about 400 square kilometers (144 square miles). The project is focused on lithium and other elements of interest (e.g., potassium, boron, bromide and iodide) that are potentially being produced within formation water, or brine, that is considered a waste product of active oil and gas production. The acquired targeted exploration area was based on data compilation from several Government of Alberta sources including:

1. Recent Government and industry brine sampling in northwestern Alberta that has yielded some of the highest modern recorded concentrations of lithium, potassium and other elements of interest in Alberta brine.

2. There are more than 800 oil and gas well sites within the Spirit River property area, some of which contain known elevated lithium values as documented historically in publicly available Government of Alberta reports.

Note: To date, the company and its Qualified Professional have been unable to verify whether the lithium-enriched brine extends into aquifers underlying the Spirit River property.

Consequently, Victory has engaged APEX Geoscience Ltd. of Edmonton AB., to supervise, co-ordinate and conduct the brine sampling program in conjunction with several oil and gas producers in the region. Victory's initial exploration program will consist of data compilation, GIS target well definition, and brine sampling from producing oil and gas wells to test for potentially elevated concentrations of lithium and other important elements in brine reservoirs/aquifers underlying Victory's Spirit River landholdings. Brine will be collected from approximately 10-20 separate wells and will undergo geochemical analysis by Maxxam Analytics Inc. at its Petroleum Technology Centre located in Edmonton, AB.

Finally, Victory is pleased to announce the following Corporate appointments and updates. Mr. Chris Hobbs, CA, has been appointed to the Company's board of directors. Mr. Hobbs has worked with several public companies, accounting and securities firms in an accounting, management, director or CFO role in the past 20 years. Mr. Hobbs is a member of the Chartered Accountants of Ontario and holds a bachelor of business administration degree from the Schulich School of Business at York University.

In addition, the Company has appointed director Jeffrey Cocks, its new President and CEO, replacing Howard Milne who remains a director and is now Vice-President of Business Development. Marty Bastedo has resigned as a director of the Company. The Company would like to thank Mr. Bastedo for his role on the board and wishes him the best in his future endeavors.

The technical content of this news release has been reviewed and approved by Roy Eccles MSc, P Geo, of Apex Geoscience, an independent qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

"Jeffrey Cocks"

Jeffrey Cocks
President

For more information please contact:

Howard Milne V.P. Business Development
Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.victoryventures.ca

Victory Ventures Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious metal properties in North America. The Company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol "VVN" and on the Frankfurt Exchange under the symbol "VV0".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner