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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 Oct 18, 2023 5:58pm
135 Views
Post# 35689953

USHA Starts Third Phase of Exploration at the White Willow

USHA Starts Third Phase of Exploration at the White Willow

The lithium sector, characterized by its remarkable growth, holds immense promise for the future, especially in the context of clean energy and advanced technology. In the dynamic world of lithium exploration, where the demand for this vital mineral continues to surge, Usha Resources Ltd. (Ticker: USHA.v or USHAF for US investors) is exploring high-potential battery metal projects in the US and Canada. 


After completing 5 weeks of fieldwork, USHA has successfully expanded the lithium-cesium-tantalum ("LCT") pegmatite trend at its White Willow Lithium-Tantalum Project in Ontario to an impressive potential strike length of over 25 kilometers, extending openly at both ends. 


Assays from 618 samples have illuminated 10 high-priority drill targets with potassium/rubidium ratios (K/Rb) below 30. These ratios play a pivotal role in identifying spodumene-bearing dikes, and USHA has identified 10 pegmatites with K/Rb ratios below 30, with a minimum value of 7.5. These findings suggest the presence of rare-earth pegmatites, spodumene-subtype pegmatites, and economic spodumene pegmatites, each with their unique significance.

User image


This has paved the way for a third phase of exploration where two dedicated teams are being deployed for up to six weeks to maximize mapping, sampling, and prospecting in preparation for drilling.


As part of this inaugural drill program, USHA plans to drill each of these 10 target pegmatites. The results so far have been very promising, with up to 0.5% Li2O, 1,833 ppm cesium, 120,000 ppm tantalum, and 3,540 ppm rubidium observed.


Deepak Varshney, the CEO of Usha Resources, shared his enthusiasm, stating, "We are thrilled with the findings from the initial programs at White Willow and are very excited to continue to build on our success. The findings thus far strongly validate our belief that Willow is a flagship asset where Ontario's next major lithium discovery will occur."


Full press release here: https://usharesources.com/usha-resources-commences-phase-three-program-to-build-on-ten-key-drill-targets-across-25-kilometre-strike-at-the-white-willow-lithium-pegmatite-project/


Posted on behalf of Usha Resources Ltd.

 
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