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United Lithium Corp.
Summary
| Project: | United Big Smoky Valley | |
|---|---|---|
| Deposit: | United Big Smoky Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 10/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-10-2017: United Lithium Corp. announces a Supporting Acquisition report for its United Big Smoky Valley deposit at the United Big Smoky Valley project. Summary of property in support of acquisition. Muzaffer Sultan, P.Geo. (“the author”) was retained by | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Muzaffer Sultan (Independent) | |
| ABSTRACT: | Muzaffer Sultan, P.Geo. (“the author”) was retained by United Lithium Corp. (“United” or “the Company”) to prepare an independent Technical Report (National Instrument 43- 101 Technical Report) on the United Big Smoky Valley (BSV) Brine Lithium Property (“the Property”). The purpose of the report is to meet the Toronto Stock Exchange’s regulatory requirements and to support future financings. The Property was acquired through an option agreement signed on July 14, 2017 between Ultra Lithium Inc. and United Lithium Corp. Under the terms of the agreement, United has an option to acquire 100% interest in the property through cash payments, issuing shares and work commitment. The South Big Smoky Valley area is a typical internally drained valley hemmed in by mountains, low foothills, and broad alluvial fans. The valley is underlain by rocks ranging in age from Cambrian to Pleistocene and include sedimentary, igneous and metamorphic rocks. The sedimentation began early in the Cambrian period and continued in the Carboniferous. Limestone, quartzite, slate, and schist, aggregating several thousand feet in thickness and ranging in age from Lower Cambrian to Carboniferous are the oldest rocks found in this region. Since their deposition they have been extensively deformed, eroded, intruded by lavas, and largely covered by igneous bodies and sedimentary deposits. Originally, they probably covered the entire region, but at present they are found over extensive areas only in the Toyabe, Toquima, Silver Peak, and Lone Mountain ranges. The Quaternary deposits which overly stratified Pleistocene lake deposits are generally comprised of the soils of uplands and mountains, soils of valley fills, outwash plains and alluvial fans, soils on alluvial fans and aprons, and playas and soils on flats and basins. The playas soils are somewhat poorly drained and have desirable character for potential development of brines and accumulation of lithium. | |
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