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United Lithium Increases Land Package by 20,000 Hectares, Drill Results Pending at Kietyönmäki Project, Finland
VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“United” or the “Company”) is pleased to
About this update from United Lithium Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“United” or the “Company”) is pleased to announce that it has increased its land position at the Kietyönmäki Project (the “Project”) in Finland by approximately 20,000 hectares (“ha”). A new claim reservation was made approximately 6 km southeast of the main Kietyönmäki tenure, covering one known lithium-caesium-tantalum (“LCT”) pegmatite with historical sampling of 2% Li2O. This area is highly prospective for further LCT pegmatite discoveries. The Main Dyke, within the original 900 ha Kietyönmäki parcel, historically returned strong drill results encouraging United to increase its holdings in the region. The Company expects to release the final results from the 2022-2023 drilling program at Kietyönmäki in the coming weeks. Highlights New claim reservation made over the area with a known LCT-pegmatite that is highly prospective for further discoveries, increasing the total size of the project to more than 21,000 ha; 13 diamond drill holes completed with assay results pending, anticipated to be released shortly; Previous operators’ historical diamond drilling results include: 1.53% Li2O over 23 m drilled by the Finnish Geological Survey (“GTK”) 1.10% Li2O over 42 m by previous operator Avalon Minerals Ltd. (“Avalon”); Commencement of district scale expanded exploration activity; and Finland has proven to be a top jurisdiction to explore for and develop hard-rock lithium projects, with noted success of the Keliber Lithium Project now in the construction phase. Scott Eldridge, United’s President and CEO stated: “We are pleased to substantially increase our exploration ground in Finland by adding an additional 20,000 hectares creating a district scale project. Historical reports document lithium showings within the new claim boundaries. Finland has demonstrated that it hosts lithium deposits that can be developed. We are encouraged by the success of Keliber and the backing they have received from Sibanye-Stillwater with a total investment of 440 million Euros to obtain 80% ownership in their project. This valuation shows the importance of European lithium projects, and our shareholders are well positioned in the Nordics, with district scale opportunities in both Finland and Sweden.” Drill Program Update United ant...