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
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