Business
Usha Resources Commences Fieldwork at the Drill-Ready Southern Arm Copper-Gold VMS Property
Usha Resources Commences Fieldwork at the Drill-Ready Southern Arm Copper-Gold VMS Property ...
About this update from Usha Resources Ltd
[{"type":"text","content":"\n\n\n\n Usha Resources Commences Fieldwork at the Drill-Ready Southern Arm Copper-Gold VMS Property\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 1, 2024\n \n\n /CNW/ --\n \n\n Usha Resources Ltd.\n \n\n\n (\"USHA\"\n \n or the\n \n \"Company\") (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0)\n \n , a North American mineral acquisition and exploration company, is pleased to announce that it has begun preparations to complete a biogeochemical survey at its Southern Arm property (\"Southern Arm\" or the \"Property\"). The Company has entered into an option agreement to earn 100% of Southern Arm over 2 years from Abitibi Metals Corp. (AMQ.CN, see news release dated\n \n\n July 17, 2024\n \n\n ).\n \n\n\n\n\n\n\n\n\n Located in the prolific Abitibi Greenstone Belt, Southern Arm hosts a ~7.3 km conductive copper-gold trend along the regional-scale Bapst fault within the volcanic rocks of the Brouillan-Fenelon Group, which hosts the nearby Selbaie Mine (~15 km SW), which produced 53 Mt at 0.96% Cu, 1.9% Zn, 0.58 g/t Au, 40.7 g/t Ag, and Abitibi's B26 Deposit (~16 km SW) which hosts an indicated resource of 6.97 at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag).\n \n\n The Property is prospective for polymetallic VMS-style mineralization and has multiple drill targets already identified including \"\n \n Hollywood\n \n \" where anomalous metals values have been identified over a ~1.8 km footprint that is open along strike.\n \n\n \"We are excited to apply modern and novel exploration techniques to the Southern Arm Property to penetrate the thick overburden cover that has deterred previous explorers,\" stated Usha Resources CEO Deepak Varshney \"The Southern Arm property is exceptionally well-positioned for the Abitibi's next major discovery, and we are working closely with the region's most successful exploration team at Abitibi Metals Corp. Our planned exploration program will apply techniques that have proven their applicability in the Abitibi mining district, but have not previously been applied t...