sur Usha Resources Ltd. (isin : CA91734F1080)
Usha Resources Expands White Willow Project Strike Length and Acquires Abiwin Pegmatite Group
Usha Resources Ltd., a mineral acquisition and exploration company based in North America, announced its expansion of the White Willow Lithium Pegmatite Project's strike length to approximately 44 kilometers. This extension comes with the acquisition of the Abiwin lithium pegmatite property, located 170 km west of Thunder Bay, Ontario. The Abiwin property consists of 38 mineral claims that have shown promising preliminary prospecting results, including the discovery of 29 pegmatite dykes highly indicative of spodumene-type pegmatite.
The acquisition is structured through an option agreement, allowing Usha Resources the potential ownership of a 100% interest in the Abiwin property, pending approval from the TSX Venture Exchange. The property not only extends the LCT pegmatite field associated with White Willow but also introduces significant geological potential for lithium extraction and other critical metals, highlighted by its proximity to the Quetico Fault and presence within Quetico subprovince metasedimentary rocks.
CEO of Usha Resources, Deepak Varshney, expressed enthusiasm about the potential of the newly acquired claims and the extension of the district. The company has documented compelling geochemical signatures in the area, including up to 6,700 ppm rubidium from LIBS analyses and significant ratios of potassium to rubidium, suggesting a high-quality mineral resource base that could bolster their lithium project portfolio.
R. H.
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