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Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern Ontario

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Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern Ontario

 

 

 

 

 

Ultra Lithium Inc. (TSX-V:ULT) (OTCQB: ULTXF) (Frankfurt: QFB) is pleased to announce assays for the first batch of channel sampling completed during Q4 2022 exploration work at its 100% owned Forgan Lake Lithium Property in northwestern Ontario, Canada. The channel sampling was completed at the Number 1 Pegmatite and other pegmatites on the Property. The first two trenches / channels (Channels 1 and 2) cut 10 meters of lithium pegmatites each with 1.81% and 1.29% lithium oxide (Li2O), respectively (see Table 1 and Figure 1 for details). Anomalous values of other rare metals, including beryllium, cesium, niobium, rubidium and tantalum were also returned.

 

Highlights

  • Channel 1 intersected 10 meters wide pegmatite with average 8,417 parts per million lithium (Li) or 1.88% Li2O. The other rare metals assayed average 203.30 ppm Be, 33.99 ppm Cs, 64.27 ppm Nb, 998 ppm Rb, and 42.98 ppm Ta.
  • At Channel 1, a 3 m wide section (Samples 906574-6) assayed average 2.52% Li2O, similarly, a one-meter section (sample 906571) assayed 2.86% Li2O.
  • Channel 2 also intersected 10 meters wide pegmatite with average 6,020 ppm Li or 1.29% Li2O. The other rare metals assayed average 207.3 ppm Be, 28.17 ppm Cs, 65.07 ppm Nb, 753.2 ppm Rb, and 38.75 ppm Ta. A one-meter section (Sample 906589) assayed 2.05% Li2O.
  • Both channels showed less than 1 percent iron (Fe) which can be a positive factor in metallurgical testwork for saving costs to remove impurities.
  • Both channels represent consistency in lithium grades.

 

Each channel sample represents a one meter long, 5 cm wide and 3-5 cm deep cut in bedrock. The samples were logged in the field and at the Pleson Geoscience core shack located in Nipigon, ON. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories, Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2). ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

 

Dr. Weiguo Lang, CEO of Ultra Lithium, stated, “The first channel sampling results further validate the presence of near surface high grade lithium mineralization at the Forgan Lake property. We are excited to receive more results from 2022 drilling and further channel sampling in the coming weeks.”

 

Afzaal Pirzada, P.Geo., VP Exploration of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

 

Table 1: Channel Sample Results at Number 1 Pegmatite – Forgan Lake Property

 

Forgan Lake Channel Samples     Li Li2O Be Cs Fe Nb Rb Ta
      ppm % ppm ppm % ppm ppm ppm
      15   3 0.1 0.05 2.4 0.4 0.2
Channel ID Sample # Length (m) FUS-Na2O2
D1-Tr-1 906569 1 2280 0.49 335 24.0 0.68 108.7 845 63.5
D1-Tr-1 906570 1 8670 1.86 213 22.6 0.84 76.4 646 44.3
D1-Tr-1 906571 1 13300 2.86 628 22.0 0.92 132.6 327 68.2
D1-Tr-1 906572 1 6380 1.37 68 19.6 0.66 45.7 624 25.1
D1-Tr-1 906573 1 5070 1.09 80 42.0 0.49 46.9 1690 23.5
D1-Tr-1 906574 1 10700 2.30 143 30.8 0.64 47.9 918 27.3
D1-Tr-1 906575 1 11300 2.43 89 47.2 0.59 41.9 1120 42.4
D1-Tr-1 906576 1 13200 2.84 181 23.8 0.65 58.1 520 59.5
D1-Tr-1 906577 1 4460 0.96 115 67.9 0.39 28.9 2080 23.5
D1-Tr-1 906578 1 8810 1.89 181 40.0 0.55 55.6 1210 52.5
Total / Average   10 8417 1.81 203 33.99 0.64 64.3 998 42.98
D1-Tr-2 906581 1 3870 0.83 540 36.0 0.54 40.1 1050 16.8
D1-Tr-2 906582 1 5740 1.23 83 24.1 0.48 28.3 820 10.0
D1-Tr-2 906583 1 3800 0.82 112 21.4 0.46 45.2 990 14.2
D1-Tr-2 906584 1 2560 0.55 197 19.2 0.53 80.0 712 34.9
D1-Tr-2 906585 1 4480 0.96 181 17.3 0.37 72.6 536 28.0
D1-Tr-2 906586 1 8730 1.88 139 14.6 0.61 99.4 365 58.9
D1-Tr-2 906587 1 5400 1.16 206 23.0 0.47 91.9 577 47.1
D1-Tr-2 906588 1 8060 1.73 156 22.9 0.67 91.8 530 61.2
D1-Tr-2 906589 1 9520 2.05 285 80.5 0.52 53.5 1380 95.5
D1-Tr-2 906590 1 8040 1.73 174 22.7 0.69 47.9 572 20.9
Total / Average   10 6020 1.29 207 28.17 0.53 65.1 753 38.8

Figure 1: Channel samples location map

 

 

Forgan Lake Project

 

The Forgan Lake property consists of approximately 256 hectares land in 20 mining claims located in the Thunder Bay Mining District in Northwestern Ontario, Canada. It is located adjacent to the north of Ultra Lithium’s Lucky Lake claim block comprised of 15 mining claims. The Property has excellent infrastructure support, and the First Nations communities are very cooperative for the economic progress of the region through development of mining resources. Historical work on the Forgan Lake Property was first carried out by Lun-Echo Gold Mines Limited during 1955-61 period. The exploration work included 39 drill holes, aggregating 10,561 feet drilling on the eastern side of Forgan Lake. Lithium mineralization on the Property comprised of six spodumene-bearing lithium pegmatites which are mostly parallel to the metasediments.

 

Highlights

  • Lithium mineralization is comprised of six spodumene-bearing pegmatites
  • Three 2019 grab samples showed Li2O values of 6.93%, 6.90% and 4.88%
  • Historical exploration in the 1950s’ included 39 drill holes, aggregating 10,561 feet
  • Three historical channel cut samples returned average 2.57% Li2O over a width of 21 feet (6.4 m)
  • Two historical channel cut samples averaged 4.23% Li2O over 24.5 feet (7.46m)

 

About Ultra Lithium Inc.

 

Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake/Forgan Lake area in Northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA. The Company also holds other gold and base metals properties in Argentina.

 

Posted March 22, 2023

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