Ultra Lithium Inc. (TSX-V:ULI, OTCQB:ULTXF) said drilling results from its 100%-owned Forgan Lake lithium property in northwestern Ontario, Canada, have demonstrated near-surface, high-value lithium.
The company said the results of four drill holes intersected lithium pegmatites of various widths.
Drill Hole FL22-19 intersected two pegmatite zones with the upper 7 metre (m) wide pegmatite averaging 1.35% lithium oxide (Li2O) at 15.44 m drilled depth, including 1 m of 2.68% Li2O and 2 m of 1.89% Li2O, Ultra Lithium said.
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Drill Hole FL22-20 intersected three pegmatites with the upper 11 m-wide pegmatite averaging 1.1% Li2O at 7.95 m drilled depth, Drill Hole FL22-21 intersected three lithium pegmatites with the upper 4 m-wide pegmatite averaging 1.21% Li2O at 8 m drilled depth, and Drill Hole FL22-22 intersected an 18 m-wide pegmatite with averaging 0.56% Li2O at 37.22 m drilled depth.
“The first set of excellent drilling results at the Forgan Lake project have shown near-surface high-value lithium, which encourages the company to continue exploring more spodumene-bearing pegmatites in the area,” Ultra Lithium CEO Dr Weiguo Lang said in a statement.
“The company is also conducting processing and metallurgical tests with bulk samples from the drilled area.”
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The company’s portfolio includes a brine lithium property in Argentina, hard rock spodumene-type lithium properties at the Georgia Lake/Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA.
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