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Usha Resources Receives Approval of Notice of Intent to Drill Jackpot Lake Nevada Lithium Brine Project
VANCOUVER, BC / ACCESSWIRE / September 12, 2022 / Usha Resources Ltd. ("USHA" or the "C...
About this update from Usha Resources Ltd
[{"type":"text","content":"Usha Resources Receives Approval of Notice of Intent to Drill Jackpot Lake Nevada Lithium Brine ProjectVANCOUVER, BC / ACCESSWIRE / September 12, 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 it has received a letter of approval under a \"Notice of Intent\" (\"NOI\") from the United States Bureau of Land Management (BLM) for USHA's near term drill program at its Jackpot Lake lithium brine project. A US$45,985 bond has now been submitted to the BLM to cover reclamation of up to 1.27 acres of permitted disturbance.The NOI covers a 6-hole, 2,700-metre program with a maximum depth of approximately 600 metres and focuses on the most prospective lithium brine targets as defined by geophysical work, in addition to drill road access and site preparation.USHA is in the final stages of preparing for the upcoming drill program and will provide updates in the coming weeks as the project moves towards drill mobilization.Deepak Varshney, CEO of Usha Resources stated: \"USHA is very excited to have begun our journey at Jackpot Lake and capitalize on our geographical advantage on US soil. We believe that this project is part of the journey we will need to take in North America to secure a domestic supply of lithium and commencing exploratory drilling is the next step in achieving our Company goal to become a top-tier North American lithium producer. With a well-funded treasury, we anticipate the remainder of 2022 to be an extremely active year and we look forward to a busy and productive field season at Jackpot Lake as we also proceed with our other catalysts including the Nicobat Nickel spinout.\"Jackpot Lake Lithium Brine PropertyThe Jackpot Lake Lithium Brine Property is located within Clark County, 35 kilometres northeast of Las Vegas, Nevada, and is comprised of 140 mineral claims that total 2,800 acres. The project is exploring a \"playa\" which appears to be within a closed basin that may contain potentially lithium-rich brines. The geologic model is similar to that of Albemarle's Silver Peak Nevada Lithium Mine which has operated continuously since 1966, where sediments from lithium‑rich surrounding source rocks accum...