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Usha Resources Identifies Evaporite Crystals as Drilling at the Jackpot Lake Lithium Brine Project Now Fully Underway
Company Confirms Favourable Crystalized Field Samples, Gravel and Sand Zones at First Hole VA...
About this update from Usha Resources Ltd
[{"type":"text","content":"Usha Resources Identifies Evaporite Crystals as Drilling at the Jackpot Lake Lithium Brine Project Now Fully UnderwayCompany Confirms Favourable Crystalized Field Samples, Gravel and Sand Zones at First HoleVANCOUVER, BC / ACCESSWIRE / December 8, 2022 / Usha Resources Ltd. (\"USHA\" or the \"Company\") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce that drilling is successfully underway at its Jackpot Lake Lithium Brine Property (\"Project\"). The drill is now at the 250 metre level and its exploration team has encountered multiple zones of evaporite crystals as interbeds, veining, and inclusions and sandy and gravel zones at depth. The presence of evaporite crystals supports the presence of a brine forming environment as crystallization of evaporites would not occur in a freshwater system, while the sandy and gravel intervals are zones of high porosity that are targets for pumping tests for future resource evaluation.Based on the evidence gathered during drilling and evaluation of the Jackpot Lake system, the Company believes that accumulation of eroded materials from of the surrounding mountain ranges and repeated evaporation events have continued over a geologic time scale in this closed basin system, which is a primary mechanism of brine concentration. Considering the elevated lithium concentrations identified in historic soil samples, such events could theoretically concentrate lithium as rainwater passes through these materials, developing enriched brines at depths. The information obtained through the exploration program to-date indicates that the basin setting and accumulation of minerals is similar to the geologic setting for Albemarle's Silver Peak Nevada Lithium Mine, the only producing lithium mine in North America, where sediments from lithium‑rich surrounding source rocks have accumulated and filled the deposit leading to a concentration of lithium brine due to successive evaporation and concentration events.\"The significance of evidence supporting the geologic setting coupled with the geological similarities and notable proximity to the sole domestic producer of lithium in the United States bodes well for USHA's future potential - both near and long-term,\"...