Tremendous exploration potential

Usha Resources Ltd (TSXV:USHA; OTCQB:USHAF; FSE: JO0) has secured access to the nearby Abiwin project area to the northeast, adjacent to its flagship White Willow project in Ontario, covering 38 mineral claims. This adds additional target pegmatites to the existing 10 targets already identified for Usha’s planned maiden drilling program. Collectively, the White Willow LCT pegmatite field now covers a strike length of 44 kilometers.

The Abiwin mining claims are geologically similar to the White Willow property and lie along the trend of the Maple Leaf pegmatite as well as the corridor of fractionated pegmatite identified on the White Willow property. Covering 22,000 hectares, it now controls a significant part of a new lithium district near which other lithium companies have already successfully proven resources.

Preliminary trenching on the Abiwin project has resulted in the discovery of 29 pegmatite dykes. The muscovite geochemistry in these pegmatites indicates a strongly fractionated signature. LIBS[i] analyses returned up to 6,700 ppm rubidium (Rb) and a K/Rb ratio of ~13 (potassium/rubidium), indicative of spodumene-type pegmatites. The White Willow LCT pegmatite field hosts ~44 kilometers of ultramafic intrusions with historical assessment work reporting up to 33 g/t Pt+Pd and 3% Cu in grab samples and up to 0.72% Zn over 2 meters in chip samples.

Figure 1 – Location map for the White Willow Project. The Abiwin Block extends the LCT pegmatite corridor to ~44 km.

Deepak Varshney, CEO of Usha Resources, commented, “The Abiwin claims are an exciting addition to our growing portfolio of critical metal deposits in Ontario, and the preliminary results from the pegmatites highlight the potential for new discoveries in this rapidly expanding White Willow LCT pegmatite area. The claims are in an excellent setting for spodumene-type pegmatites, within the metasedimentary rocks of the Quetico sub-province and only 3 kilometers from the Quetico Fault, and offer tremendous exploration potential not only for lithium but also for a broad range of critical metals.”

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.

The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.

According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Usha Resources and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Furthermore, there is a contractual relationship between Usha Resources and GOLDINVEST Consulting GmbH, which includes that GOLDINVEST Consulting GmbH reports about Usha Resources. This is another clear conflict of interest.

Latest News

Latest Videos