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Usha Resources Ltd. V.USHA

Alternate Symbol(s):  USHAF

Usha Resources Ltd. is a mineral acquisition and exploration company. It is focused on the development of lithium metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties provides target-rich diversification and includes Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its portfolio of hard-rock lithium assets. The Jackpot Lake Lithium Brine Property located within Clark County, about 35 kilometers (km) northeast of Las Vegas, Nevada, consists of 140 mineral claims that total 2,800 acres. Spanning 15,680 hectares, the White Willow Lithium-Tantalum Property is situated 170 km west of Thunder Bay. It has the option to acquire a 100% interest in five lithium pegmatite projects located in Ontario: the Lee Lake, Mead, Bluett, Gathering Lake and Triangle Lake projects. It also has the option to acquire a 100% interest in the Abiwin lithium pegmatite property.


TSXV:USHA - Post by User

Post by 1StockInformeron Sep 29, 2023 8:41pm
114 Views
Post# 35662846

How Nevada Can Support the US' Growing Lithium Sector

How Nevada Can Support the US' Growing Lithium Sector

As discussed in the article below, fostering a robust domestic battery industry is essential for U.S. energy independence, especially with the increasing adoption of renewable energy. By investing in this sector, the U.S. can lessen its dependence on foreign lithium sources and battery production. Nevada is specifically well positioned to support this industry with its bountiful  lithium deposits. 


https://finance.yahoo.com/news/nevada-next-big-frontier-lithium-130000629.html


Usha Resources (USHA.v USHAF) is positioning itself to support the growthing lithium industry as it controls the Jackpot Lake project in Nevada, located near the the Silver Peak Nevada Lithium Mine which is the only producing lithium mine in North America


USHA is expanding the Jackpot Lake project area to 8,714 acres after a successful maiden drill program. The company aims to define a 43-101 resource, with drilling showing similarities to the Silver Peak Nevada Lithium Mine.

User image


Recent results from the project indicate that lithium grades reached as high as 820 ppm, with an average of 334 ppm Li in thirty samples collected from shallow surface soils (<500 ft). These findings are over four times the reported historical average of 100 ppm for the Esmeralda Formation (which also contains the Silver Peak Mine). 


USHA plans to advance drilling to 2,000 feet, focusing on these promising zones, and may proceed with a maiden resource estimate, positioning itself among a select few in the U.S. lithium industry.


More on the Jackpot Lake Project here: https://usharesources.com/projects/jackpot-lake/


Posted on behalf of Usha Resources Ltd.

 
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