The Prospector News

Ultra Lithium Commences Work Program on Its Lithium and Boron Properties

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Ultra Lithium Commences Work Program on Its Lithium and Boron Properties

 

 

 

 

 

Ultra Lithium Inc. (TSX VENTURE:ULI)(FRANKFURT:QFB) is pleased to announce that geophysical crews have mobilized to Serbia to begin Phase 2 exploration work on the Company’s 643 km2 lithium and boron properties.
 

Following up on positive results from the Phase 1 program at the Valjevo East and Blace concessions, Ultra has commissioned Beijing Explo-Tech Engineering Co. to conduct comprehensive gridded audio-magnetotelluric  and gravity surveys over the Kragujevic, Tnarva, Koceljeva, Preljina and Ladveci concessions. The AMT survey will average one point per km2 for a total of 459 AMT points. In conjunction with the AMT survey, the Company plans to complete 120 km2 of gravity survey over the Valjevo East and Blace concessions to complement Phase 1 results.
 

Data will be interpreted to refine basin geometry and identify potential lithium and boron bearing strata. The geophysical surveys are part of the Phase 2 exploration program that includes geological mapping, outcrop sampling and soil sampling.
 

Reconnaissance rock and soil sampling work conducted in the Phase 1 program returned inconclusive results due to the thick cover sequences that infill the basins at Valjevo East and Blace. With the additional geophysical surveys, the Company’s geologists will be able to conduct target specific sampling programs in the Phase 2 work program.
 

Ultra has provided a request for tender to various drilling companies and is currently in the final stages of selection. The Company intends to conduct a 3,000 meter campaign at the Valjevo East and Blace concessions where high priority targets were identified in the Phase 1 exploration program.

Posted May 27, 2013

Share this news article

MORE or "UNCATEGORIZED"


RNC Minerals Closes Oversubscribed $18.5 Million Bought Deal Financing

RNC Minerals (TSX: RNX) is pleased to announce that it has closed... READ MORE

September 20, 2019

Moneta Announces Closing of Strategic Investment by Eric Sprott

Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) is p... READ MORE

September 20, 2019

Golden Tag Resources Closes $1.5 Million Financing Including Strategic Investment by Eric Sprott

Golden Tag Resources Ltd. (TSX-V: GOG) is pleased to announ... READ MORE

September 20, 2019

Osisko Increases Credit Facility to $400 Million

Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) is pleased to ... READ MORE

September 20, 2019

Unigold Announces Closing of Private Placement of 32,350,000 Units for Gross Proceeds of Approximately $3 Million

Unigold Inc. (TSX-V: UGD) is pleased to announce that it has clos... READ MORE

September 19, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions