Ultra Lithium Inc. (TSX-V:ULI, OTCQB:ULTXF) announced that it has signed a drilling contract with Niigaani Drilling Incorporated to carry out 2,095 metres of diamond drilling at its 40% owned Georgia Lake lithium property in northwestern Ontario.
The resource explorer/project developer said exploration work will be carried out on the Jean Lake and the Georgia Lake claim blocks, with the aim of: confirming historic spodumene mineralization at depth on the Camp, Neimi, Giles, and Trans pegmatites; providing the necessary geological and lithium oxide assays for the properties first in-depth economic study; defining the strike length of each pegmatite and; collecting core samples for metallurgical test work.
Ultra Lithium noted that it sold a 60% interest in North Canada Lithium (TSX:CLQQ) Corp, which holds the Georgia Lake and Forgan Lake lithium properties, to Yahua International Investment and Development Co, Ltd in May 2022.
READ: Ultra Lithium signs definitive partnership agreement with Zangge Mining for Laguna Verde brine lithium project in Argentina
“The company is now well funded and working closely with Yahua, as the company’s strategic partner,” Ultra Lithium CEO Weiguo Lang said in a statement.
“By taking advantage of the company’s exploration expertise and Yahua’s production capabilities in the hard rock lithium space and with the support of the local communities, we are at full strength to expedite the exploration work and move the Georgia Lake and Forgan Lake projects to the next level,” Lang added.
As well, the company reported that it has begun negotiations for an exploration agreement to further explore and develop the Forgan Lake lithium property in partnership with the Biinjitiwaabik Zaaging Anishinaabek (BZA) First Nations community.
It added that it intends to start a summer 2022 work program on Forgan Lake, located adjacent to the north of Ultra Lithium’s Lucky Lake claim block, which will include surface sampling and ground geophysical surveying.
A drill program will begin as soon as permitting and community consultation is completed, Ultra Lithium said.
Vancouver-based Ultra Lithium holds a brine lithium property in Argentina, hard rock spodumene type lithium properties in northwestern Ontario, and a brine lithium property in the Big Smoky Valley, Nevada. The company also holds other gold and base metals properties in Argentina.
Contact Sean at sean@proactiveinvestors.com