Highlights
Channel 1 intersected 10 meters wide pegmatite with average 8,417 parts per million (ppm) lithium (Li) or 1.88% Li2O. The other rare metals assayed average 203.30 ppm Be, 33.99 ppm Cs, 64.27 ppm Nb, 998 ppm Rb, and 42.98 ppm Ta.- At
Channel 1 , a 3 m wide section (Samples 906574-6) assayed average 2.52% Li2O, similarly, a one-meter section (sample 906571) assayed 2.86% Li2O. Channel 2 also intersected 10 meters wide pegmatite with average 6,020 ppm Li or 1.29% Li2O. The other rare metals assayed average 207.3 ppm Be, 28.17 ppm Cs, 65.07 ppm Nb, 753.2 ppm Rb, and 38.75 ppm Ta. A one-meter section (Sample 906589) assayed 2.05% Li2O.- Both channels showed less than 1 percent iron (Fe) which can be a positive factor in metallurgical testwork for saving costs to remove impurities.
- Both channels represent consistency in lithium grades.
Each channel sample represents a one meter long, 5 cm wide and 3-5 cm deep cut in bedrock. The samples were logged in the field and at the Pleson Geoscience core shack located in
Dr.
Table 1: Channel Sample Results at Number 1 Pegmatite – Forgan Lake Property
Li | Li2O | Be | Cs | Fe | Nb | Rb | Ta | |||
ppm | % | ppm | ppm | % | ppm | ppm | ppm | |||
15 | 3 | 0.1 | 0.05 | 2.4 | 0.4 | 0.2 | ||||
Channel ID | Sample # | Length (m) | FUS-Na2O2 | |||||||
D1-Tr-1 | 906569 | 1 | 2280 | 0.49 | 335 | 24.0 | 0.68 | 108.7 | 845 | 63.5 |
D1-Tr-1 | 906570 | 1 | 8670 | 1.86 | 213 | 22.6 | 0.84 | 76.4 | 646 | 44.3 |
D1-Tr-1 | 906571 | 1 | 13300 | 2.86 | 628 | 22.0 | 0.92 | 132.6 | 327 | 68.2 |
D1-Tr-1 | 906572 | 1 | 6380 | 1.37 | 68 | 19.6 | 0.66 | 45.7 | 624 | 25.1 |
D1-Tr-1 | 906573 | 1 | 5070 | 1.09 | 80 | 42.0 | 0.49 | 46.9 | 1690 | 23.5 |
D1-Tr-1 | 906574 | 1 | 10700 | 2.30 | 143 | 30.8 | 0.64 | 47.9 | 918 | 27.3 |
D1-Tr-1 | 906575 | 1 | 11300 | 2.43 | 89 | 47.2 | 0.59 | 41.9 | 1120 | 42.4 |
D1-Tr-1 | 906576 | 1 | 13200 | 2.84 | 181 | 23.8 | 0.65 | 58.1 | 520 | 59.5 |
D1-Tr-1 | 906577 | 1 | 4460 | 0.96 | 115 | 67.9 | 0.39 | 28.9 | 2080 | 23.5 |
D1-Tr-1 | 906578 | 1 | 8810 | 1.89 | 181 | 40.0 | 0.55 | 55.6 | 1210 | 52.5 |
Total / Average | 10 | 8417 | 1.81 | 203 | 33.99 | 0.64 | 64.3 | 998 | 42.98 | |
D1-Tr-2 | 906581 | 1 | 3870 | 0.83 | 540 | 36.0 | 0.54 | 40.1 | 1050 | 16.8 |
D1-Tr-2 | 906582 | 1 | 5740 | 1.23 | 83 | 24.1 | 0.48 | 28.3 | 820 | 10.0 |
D1-Tr-2 | 906583 | 1 | 3800 | 0.82 | 112 | 21.4 | 0.46 | 45.2 | 990 | 14.2 |
D1-Tr-2 | 906584 | 1 | 2560 | 0.55 | 197 | 19.2 | 0.53 | 80.0 | 712 | 34.9 |
D1-Tr-2 | 906585 | 1 | 4480 | 0.96 | 181 | 17.3 | 0.37 | 72.6 | 536 | 28.0 |
D1-Tr-2 | 906586 | 1 | 8730 | 1.88 | 139 | 14.6 | 0.61 | 99.4 | 365 | 58.9 |
D1-Tr-2 | 906587 | 1 | 5400 | 1.16 | 206 | 23.0 | 0.47 | 91.9 | 577 | 47.1 |
D1-Tr-2 | 906588 | 1 | 8060 | 1.73 | 156 | 22.9 | 0.67 | 91.8 | 530 | 61.2 |
D1-Tr-2 | 906589 | 1 | 9520 | 2.05 | 285 | 80.5 | 0.52 | 53.5 | 1380 | 95.5 |
D1-Tr-2 | 906590 | 1 | 8040 | 1.73 | 174 | 22.7 | 0.69 | 47.9 | 572 | 20.9 |
Total / Average | 10 | 6020 | 1.29 | 207 | 28.17 | 0.53 | 65.1 | 753 | 38.8 |
Figure 1: Channel samples location map
Highlights
- Lithium mineralization is comprised of six spodumene-bearing pegmatites
- Three 2019 grab samples showed Li2O values of 6.93%, 6.90% and 4.88%
- Historical exploration in the 1950s’ included 39 drill holes, aggregating 10,561 feet
- Three historical channel cut samples returned average 2.57% Li2O over a width of 21 feet (6.4 m)
- Two historical channel cut samples averaged 4.23% Li2O over 24.5 feet (7.46m)
About
ON BEHALF OF THE BOARD OF DIRECTORS
“Kiki Smith”
For further information, please contact the Company at:
Attention:
Telephone: 778 968-1176
Email: kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5fbb7cec-2d86-4a8c-8986-b5c148d2c461
Figure 1
Channel samples location map
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