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Usha Resources Completes First Scoping Drill Hole at the Jackpot Lake Lithium Brine Project; Supports Clayton Valley Style Model and Lithium-Bearing Brine Potential
Usha Resources Completes First Scoping Drill Hole at the Jackpot Lake Lithium Brine Project; Supp...
About this update from Usha Resources Ltd
[{"type":"text","content":"\n \n \n \n Usha Resources Completes First Scoping Drill Hole at the Jackpot Lake Lithium Brine Project; Supports Clayton Valley Style Model and Lithium-Bearing Brine Potential\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Company Confirms Presence of Lithium in Shallow Soils, Higher-Porosity Sand-Conglomerate Zone at Basin Bottom; Evaporitic Salt Crystallization Confirmed to Extend to Depth of 1,629 feet with Zones of up to 90% Crystallization\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 7, 2023\n \n \n /CNW/ -\n \n \n Usha Resources Ltd.\n \n (\"USHA\" or the \"Company\")\n \n (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to announce that it has successfully completed hole JP22-1 at the Jackpot Lake Lithium Brine Property (\"\n \n Project\n \n \"). The Company will now proceed with drilling its second hole and sampling JP22–1.\n \n \n USHA's 2023 drill program marks the first drill testing of the Jackpot Lake Project which is hosted within a basin estimated to be 10,900 acres and 625 metres deep. JP22-1 was completed to a total depth of 1,723 feet or 525 metres below ground and now confirms:\n \n \n \n Support for a similar geologic setting to that of Clayton Valley, hosting Albemarle's Silver Peak Nevada Lithium Mine, the only producing lithium mine in\n \n North America\n \n .\n \n \n Lithium is present in JP22-1 at a grade of up to 300 ppm within ten samples collected from shallow surface soils (<442 ft). The Project target was identified based on historical geophysical studies and 129 core samples collected by the USGS with an average lithium value of 175 ppm.\n \n \n Evaporitic crystallization, indicative of a brine-forming environment, extends to the top of the basal conglomerate, with interbedding, veining and inclusions increasing significantly beginning at a depth of 1,250 feet (381 metres). ...