VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V:ULI) (“ULI” or “the
Company”) is pleased to announce that it has started bench scale evaporation testwork on brine samples from Salar Laguna Verde in
Argentina.
A four cubic metre (4,000 litres) brine sample taken from Laguna Verde discovery zone was shipped to the
Company’s portable laboratory which is currently set up in Salta, Argentina. The sample will be evaporation tested to evaluate the
process design for producing various lithium salts in controlled temperature, wind, humidity and pressure conditions. ULI will also
perform Lithium recovery analysis as part of this testwork.
Assay results from most recent sampling work at Laguna Verde indicated lithium values in the range of 34.2 parts
per million (ppm) to 1270 ppm with average lithium concentration of 526 ppm (see Company’s press release dated February 21, 2018).
Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “Exploration work at Ultra Lithium’s brine projects in
Argentina is progressing well thanks to the hard work of the field crew especially in harsh winter weather conditions. Evaporation
testwork is a big milestone towards developing a scoping study for potential production of lithium salts and concentrate. We are
looking forward to results of this work in about three months’ time.”
The evaporation testwork is contracted to Mr. Horacio Garkus of Servicios Mineros, Salta Argentina. Mr. Garkus
is a consulting geologist with expertise in brine type lithium exploration and development in Argentina.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified
person, as defined by NI 43-101 who works as Vice President Exploration of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
“Kiki Smith”
Kiki Smith, CFO
About Ultra Lithium Inc.
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The
Company currently holds five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the
Georgia Lake area in northwestern Ontario, Canada.
For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email:kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.