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Telephone

(888) 772-2452

Email

​info@usharesources.com

Address

#400 – 1681 Chestnut Street Vancouver, BC V6J 4M6 ​Canada

TSX.V: USHA | OTCQB: USHAF | FSE: JO0

Jackpot Lake

Overview

Jackpot Lake is our newly acquired Lithium project located In Moapa Valley, Nevada.

  • Comprised of 140 claims on 2800 acres just 35 km northeast of Las Vegas.
  • Highest lithium value of 550 ppm with an average of 175 ppm, comparable to Albemarle, the only lithium producing ming in the U.S that is also located in Nevada.
  • Drill ready project with ability to operate year-round, good road access.
  • Closed basin resource determined through gravitational surveying.

Historical Work & Future Plans

  • In 1976 USGS completed 129 core samples, spectrographic and atomic-absorption analyses of 135 stream sediment samples confirmed potential for lithium mineral deposits.
  • Highly enriched brines discovered through CSMAT surveying.
  • Small drill program is needed to prove up potential resource.
  • The company plans to drill a combination of shallow and deep holes with the goal of completing a 43-101 resource estimate by Q4 of 2022.
  • Nevada is host to one of the largest-known lithium deposits in North America created by an ancient and now extinct, super-volcano.
  • The bulk of lithium chemicals used in the US are imported from other lithium-rich countries.
  • Appears to host a similar deposit style as Albemarle's Silver Peak lithium mine, which has operated continuously since 1966, and Iconic Mineral's Bonnie Claire project which has a PEA that indicates a 40 year mine with an after-tax NPV 8% of 1.5 billion.

Why Lithium?

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. 

  • The US represents one of the largest resources for lithium in the world providing tremendous potential for these properties given their strategic locations.
  • The use of lithium will help to improve quality of life, reducing air pollution, advancing renewable energy, and, promoting electronic mobility.
  • The value of lithium has exponentially increased since the beginning of the rise in 2020 making many lithium deposit economic to explore.
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