Usha Resources Ltd (TSX-V:USHA) announced that it has discovered a second significant lithium-cesium-tantalum (LCT) pegmatite dyke swarm at its White Willow Lithium Pegmatite Project.
The company said the findings have more than tripled the LCT pegmatite trend on the property to a potential strike length of over 25 km that is open at both ends.
“We are thrilled with the findings from the initial programs at White Willow,” Deepak Varshney, CEO of Usha Resources said in a statement.
"As seen at Patriot Battery Metals' Corvette Project, which has over 20 kilometres of trend, lithium pegmatite swarms occur in clusters, each of which has the potential to become a deposit. With the discovery of the highly evolved pegmatite system at Bingo, we now have four primary target areas in our 25-kilometre-plus trend, with significant ground remaining between Bingo and Maple Leaf for further exploration and follow-up on the initial LCT-pegmatites identified in between. With numerous potential spodumene-bearing targets, we believe Willow to be a flagship asset where Ontario's next major lithium discovery will occur."
The property is 170 kilometres west of Thunder Bay and in proximity to other lithium projects in the region.
The company said it has expanded the basal sand and conglomerate zone to a depth of approximately 1,950 feet through drilling, increasing the previously identified zone from an interval of 273 feet to a total of 423 feet. The company is now working towards completing and developing a well for sampling.
It added that it has executed an option with 2758145 Ontario Ltd., Peter Gehrels, and Allan George Onchulenko for the right to purchase 100% interest in 141 unpatented mining claims located in the Thunder Bay Mining Division of Ontario adjacent to the White Willow property for $100,000 and an aggregate of 800,000 common shares in the company
Usha Resources is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential.