TSXV:USHA - Post Discussion
Post by
MarketMakerss on Oct 13, 2023 6:46pm
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."
Posted on behalf of Usha Resources Ltd.
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