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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 MarketMakersson Oct 13, 2023 6:46pm
190 Views
Post# 35683151

Incoming Commodities Super Cycle?

Incoming Commodities Super Cycle?
As the potential for a commodities super cycle continues to emerge amid depleting global supplies and projected demand growth across various commodities, a substantial market opportunity has arisen for the commodities demanded by the electrification of our world economy.

Playing a pivotal role in advancing green technologies, such as electric vehicles, solar panels and wind turbines, lithium is one of these commodities as it plays a crucial role in the transition to a net-zero carbon emissions world.

With this, Usha Resources (USHA.v USHAF) has emerged as a high-potential lithium opportunity due to its identification of a range of lithium pegmatite clusters similar to those found by Patriot Battery Metals' (PMET.v PMETF, 1.68B Market Cap).

Spanning 15,680 hectares near Thunder Bay, White Willow is an underexplored project with over 75 outcropping white pegmatites and two highly evolved LCT-pegmatite dikes.

During a 5-week fieldwork campaign, USHA identified ten key drill targets and extended its lithium-cesium-tantalum (LCT) pegmatite trend to a potential strike length over 25 kilometres - an area open at both ends for further exploration.

Over 800 samples have been collected from the project to date, revealing multiple drill targets which include up to 0.5% Li2O 14 lithium samples above 1,000 ppm, 1,730 ppm cesium, 120,000 ppm tantalum and 3,540 ppm rubidium. 219 additional assay samples are currently pending receipt and analysis.

Of note, the geochemical results indicate the strong potential for spodumene-bearing dykes to be present at the property with 10 pegmatites already identified which USHA intends to drill as part of its maiden drill program.

As these results validate USHA's belief that "Willow is a flagship asset where Ontario's next major lithium discovery will occur", CEO Deepak Varshney, commented:
"As seen at Patriot Battery Metals' Corvette Project, which has over 20 kilometres of trend, lithium pegmatite swarms occur in clusters, each of which has the potential to become a deposit. We now have 10 primary target areas across our 25 kilometre plus trend that include two highly evolved LCT pegmatite swarms at Bingo and Maple Leaf."
For more information, check out USHA's latest CEO interview regarding this news: https://www.youtube.com/watch?v=RuaXc5St_3o&ab_channel=paidpromotionalmessages

Posted on behalf of Usha Resources Ltd. 

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