Ultra Lithium Announces Completion Of Geophysical Surveys On Balkans Properties
Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce the completion of Audio-Magneto-Telluric surveys (AMT) on its Balkan Projects in the Republic of Serbia. Exploration is being conducted in search of lithium and boron bearing deposits. The geophysical surveys were conducted by Beijing Explo-Tech Engineering Co. (“BETEC”) of Beijing, China.
Independent geophysicists at BETEC are currently reviewing and compiling all of the data generated from the geophysical survey. Preliminary interpretation of the initial AMT profiles has identified high priority targets within several of the concessions. These early results have prompted the Company to conduct follow-up AMT grid surveys (with an average density of one sample per km2) on two high priority concessions. The geophysical grids are now complete and will enable the Company to create detailed 3D models of the anomalies and help delineate specific drill targets to be tested in Q1 of 2013. Final interpretation of the geophysical data will be received prior to year end.
The Company also initiated a sampling program to test several outcrops and corroborate samples to the underlying anomalies. We expect to receive assays in early 2013.
On behalf of the Board of Directors
Marc Morin, President & CEO
For further information, please contact:
T: +1-778-968-1176
F: +1-604-909-4682
E: info@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
