Usha Resources Secures Southern Arm VMS Property from Abitibi Metals

VANCOUVER, BC / ACCESSWIRE / July 17, 2024 / Usha Resources Ltd. ("USHA" or the "Company") has announced an option agreement with Abitibi Metals Corp. to acquire a 100% interest in the Southern Arm property. The property includes a ~7.3 km copper-gold trend along the Bapst fault, notable for its polymetallic VMS-style mineralization.

Key targets include "Hollywood," spanning a ~1.8 km footprint with identified anomalous metals values. The property is strategically located near significant projects such as the B26 Copper deposit and the Fenelon Gold Project. A fully funded drill program is planned for Fall 2024.

Terms of the agreement include issuing 5,000,000 common shares and $2,000,000 in work expenditures. Additionally, Stardust Power, Inc. has paid US$75,000 for the right to earn up to a 90% interest in Usha's Jackpot Lake Lithium Brine Project.