Vancouver, British Columbia / December 4, , 2024 – Usha Resources Ltd. (“USHA” or the
“Company”) (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition
and exploration company, is pleased to announce that fieldwork has commenced for an Induced
Polarization (IP) survey at its Southern Arm polymetallic VMS property (“Southern Arm” or the
“Property”) in the metal-rich northwest Abitibi subprovince of mining-friendly Quebec (first announced
by the Company on November 20, 2024). The Company has entered into an option agreement to earn
100% of Southern Arm over 2 years from Abitibi Metals Corp. (AMQ.CN, see news release dated July
17, 2024).
Val d’Or based geophysical contractor Geophysique TMC is conducting the IP survey, which will be
focused on the Hollywood trend of metal anomalies (Fig. 1), and the results from the IP survey will be
used to help refine diamond drill targets for the Company’s upcoming maiden drill program, which is
planned for the 2024-2025 winter season.
CEO Deepak Varshney stated: “This work represents an important stage in Usha’s exploration strategy
at the Southern Arm Property, and we are thrilled to have the experience of the local experts at
Geophysique TMC applied to our program. We eagerly await the results from this program and plan to
apply the results of the complimentary geochemical exploration program at our Hollywood target to
further refine our drill targets in the subsurface. The results from these programs will ensure only the
highest priority targets are targeted with the diamond drill in our upcoming maiden drill program in the
2024-2025 winter season.”
He continued: “With negotiations for the Jackpot Lake transaction continuing, our focus in the field will
remain on Southern Arm. Additionally, we have been evaluating additional opportunities to acquire
copper and/or gold projects to create further shareholder value in a similar fashion. We look forward to
providing shareholders updates as our strategy progresses.”.
