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Ultra Lithium Inc.
Summary
| Project: | South Big Smoky Valley | |
|---|---|---|
| Deposit: | South Big Smoky Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 7/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2016: Ultra Lithium Inc. announces an Exploration/Drilling Update report for its South Big Smoky Valley deposit at the South Big Smoky Valley project. Drilling results from first drill hole, incl. up to 270ppm Li. Vancouver, B.C., July 7 , 2016 – Ultr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Afzaal Pirzada (Internal) | |
| ABSTRACT: | Vancouver, B.C., July 7 , 2016 – Ultra Lithium Inc. (TSX-V: ULI) (“Ultra Lithium” or “the Company”) is pleased to announce drill core assay results from the first drill hole at its 100% owned South Big Smokey Valley brine lithium project located in Nevada. The results of 22 drill core samples from the hole BSH16-01 indicate maximum values for lithium of 270 parts per million (ppm), boron 410 ppm, potassium 10,000 ppm, and magnesium 12,000 ppm; and the average concentration is lithium 131 ppm, boron 151 ppm, potassium 5,575 ppm, and magnesium 6,210 ppm. One sample from a 10 cm gypsum layer had lithium values below labs detection limits. These samples were taken at various depth intervals down to 1,000 feet (305 metres) below ground surface(See table for details). The Company is in the process of collecting brine water samples from this hole. The Company is also pleased to announce that it has signed a new drill contract with Boart Longyear to finish the remaining planned exploratory drilling at the South Big Smoky brine lithium project. Dr. Weiguo Lang, CEO of Ultra, stated that, “The core sampling of the first hole not only provided positive results but also gave valuable information regarding subsurface lithology and hydrogeological conditions. We are pleased to have an experienced drill contractor to finish this challenging drill job in soft lake sediments. With Boart Longyear’s drilling experience and organizational capabilities, the Company is expecting to obtain groundwater samples of the potential deeper brine targets by drilling down to 2,200 feet below surface in the next hole.” | |
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