Usha Resources work at White Willow Lithium Project identifies more drill targets
November 09, 2023 at 02:44 pm EST
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Usha Resources CEO Deepak Varshney joined Steve Darling from Proactive to share details of the notable progress the company has made in its fieldwork at the White Willow Lithium Pegmatite Project, resulting in the identification of additional drill targets within the Bingo lithium-cesium-tantalum pegmatite swarms.
The success of the fieldwork has prompted the company to extend its efforts beyond the initially planned 6 weeks for Phase 3. This extension will allow Usha Resources to maximize its mapping, sampling, and prospecting activities before commencing drilling operations.
The decision to prolong the fieldwork underscores the company's commitment to thorough exploration and its dedication to uncovering the full potential of the White Willow project.
In addition to the positive developments in the field, Varshney also announced the successful closure of a private placement, which raised nearly $600,000 dollars. These funds will be instrumental in advancing exploration activities across the company's properties in both Nevada and Ontario, as well as supporting general working capital needs. This financial injection is a significant step toward achieving Usha Resources' exploration goals and project development objectives.
Furthermore, the company is actively working on its listing on the Australian Stock Exchange, demonstrating its commitment to expanding its presence in the financial markets and enhancing its visibility among investors and stakeholders.
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Proactive Investors Canada
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Usha Resources Ltd. is a mineral acquisition and exploration company. It is focused on the development of lithium metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties provides target-rich diversification and includes Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its portfolio of hard-rock lithium assets. The Jackpot Lake Lithium Brine Property located within Clark County, about 35 kilometers (km) northeast of Las Vegas, Nevada, consists of 140 mineral claims that total 2,800 acres. Spanning 15,680 hectares, the White Willow Lithium-Tantalum Property is situated 170 km west of Thunder Bay. It has the option to acquire a 100% interest in five lithium pegmatite projects located in Ontario: the Lee Lake, Mead, Bluett, Gathering Lake and Triangle Lake projects. It also has the option to acquire a 100% interest in the Abiwin lithium pegmatite property.