Usha Resources Obtains Final Court Order Approving the Spin-Out of Formation Metals Inc.
Drilling at Jackpot Lake Lithium Brine Project Set to Resume Post-Holidays Vancouver, British Columbia /
Usha is in the business of strategically negotiating and acquiring early-stage battery and precious metals projects that require minimal start-up costs. With prudent due diligence performed by our highly experienced and diversified board and technical team, we are able to take our properties from an idea into a highly prospective project with immediate upside potential.
VIEW DRILLING UPDATE
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
Usha will strive to become a best-in-class mining company that creates value for our shareholders through safely and responsibly exploring essential metals for the world of tomorrow.
Gold-bearing quartz veins are the best known type of mineralization in the Gold/Lost Basin District. Limited mining has indicated grades averaging 11.34 g/t Au.
A drill ready brine project that Usha will be exploring near-term. Jackpot Lake appears to be within a closed basin that may contain potentially lithium-rich brines.
A near-surface mineral zone open at depth in a potential feeder zone. A 2015 drill program confirmed high-grade Ni-Cu shoots exist and are considerably better than previous recorded.
Compelling share structure with only ~ 35.6M shares outstanding, approximately 70% of which are owned by insiders, management, and strategic shareholders
Arizona, Nevada, and Ontario are among the highest rates jurisdictions for mining exploration in the world.
Projects in Nevada, Arizona, and Ontario mean exploration crews are busy every month of the year.
Usha has projects in both the battery and base metals spaces at a time when the demand for copper and nickel is growing.
Drilling at Jackpot Lake Lithium Brine Project Set to Resume Post-Holidays Vancouver, British Columbia /
Company Confirms Further Evidence of Brine-Forming Environment in Jackpot Lake Lithium Brine Project as Drilling
Company Confirms Favourable Crystalized Field Samples, Gravel and Sand Zones at First Hole Vancouver, British
