The 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 (approximately 11.3 km2).
The geologic model is similar to that of Albemarle’s Silver Peak Nevada Lithium Mine, the only producing lithium mine in North America, which has operated continuously since 1966, where sediments from lithium‑rich surrounding source rocks accumulate and fill the deposit leading to a potential concentration of lithium brine due to successive evaporation and concentration events.
The Company has permitted 2,700 metres over 6 holes and intends on commencing its maiden drill program with the goal of defining a 43-101 resource.
The project target is an approximately 5 x 2 kilometre anomaly identified based on the following work that suggests the presence of a highly concentrated brine:
At Usha, we see an incredible opportunity to take part in the growing demand for electric vehicles, mobile devices, and, grid storage that is creating a long-term supply shortage and increasing lithium prices.