ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News

Ultra Lithium Assayed Gold in Rock Samples from Mining Licenses in Argentina

July 10, 2019/in In the News/by Ullrich Schade

20-30% of Global Transportation Sector could be Electric by 2030

announces assay results of rock samples from their newly acquired Gold Mining Licenses in La Rioja Province, Argentine. A total of three grab rock samples were collected from dump material located near the historical mining areas of three mining licenses. These samples were taken for property acquisition due diligence purposes and were tested in two independent laboratories: SGS Laboratories in Burnaby, Canada, and Kunming Metallurgical Research Institute (KMI), China.

Espinillo Mine – Sampling from Quartz Vein- Showing vein width 2 – 3 metres.

Gold Assay Results from 7.44 to 54.77 Grams per Ton

The results of samples analyzed at SGS Canada Laboratories indicate gold values in the range of 7.44 gram per ton (g/t) to 54.77 g/t(1.93 oz/t), silver 54 g/t to 125 g/t, copper 0.24 percent (%) to 1.24%, lead 0.09% to 22.90%, zinc 0.02% to 5.01%, iron 2.27% to 28.90%, and vanadium 0.01% to 3.07%.

A comparison of assay results for selected elements from both laboratories is provided in Table 1 with location of samples provided in Table 2.

Gold Mining Licenses Transferred To Ultra Lithium’s Argentinian Subsidiary


Following the approval from La Rioja Ministry of Mines, the titles of ULI’s recently acquired thirteen gold mining licenses have been transferred into the name of Ultra Argentina S.R.L., a wholly owned subsidiary of Ultra Lithium Inc. Under Argentinian mining laws, the exploration licenses grant the titleholder the right to prospect and perform exploration activities for a limited period of time. Whereas, the mining licenses grant the titleholder the right to develop, mine and extract minerals without any time limits.

Ultra Lithium’s Plans Going Forward

Quartz vein samples showing mineralization at Callanas mine.

Dr. Weiguo Lang, CEO of UltraLithium, stated that, “These assay results helped the Company to acquire three exploration licenses through direct staking and 13 additional mining licenses through acquisition. The Company has collected over 800-kilograms of mineralized material from existing dumps and quartz veins for testing in a metallurgical laboratory. Our field team is currently estimating the volume of mineralized material at our historical mine dumps. These estimates will provide a guide for developing a pilot scale gold processing plant in the area. Based on the assay results and field geological studies, a polymetallic gold vein deposit model is being considered for further project exploration work. The amount of free recoverable gold will be a significant factor in determining the pilot plant design. Additionally, the Company has acquired historical geological geophysical maps, reports and data which are being evaluated to enable us to launch a focused prospecting and geological mapping program to find additional prospective areas with quartz veins on the properties.”

CAUTIONARY NOTE: Grab surface samples discussed in this news release were taken from historical mine dumps and are not necessarily indicative of mineralization on Ultra Lithium’s properties.

Table 1: Assay Highlights 

Sample ID  

19cal-01

19cal-03

19esp-05

Element

Unit

KMI China SGS Canada KMI China SGS Canada KMI China

SGS Canada

Gold (Au)

g/t

17.34 7.44 21.09 10.98 24.54

54.77

Silver (Ag)

g/t

85.8 74.00 114.3 125.00 103.9

54.00

Copper (Cu)

%

0.80 0.24 1.00 0.95 3.00

1.24

Lead (Pb)

%

4.00 9.57 9.00 22.90 0.30

0.09

Zinc (Zn)

%

0.02 0.05 3.00 5.01 0.09

0.02

Iron (Fe)

%

8.00 28.90 6.00 6.14 1.00

2.27

Vanadium (V)

%

0.20 0.21 0.06 3.07 0.04 0.01

Notes: N.A. – Not analyzed or below detection limits

Table 2: Sample Location

Sample ID

AREA / MINING

LICENSE

LOCATION

Gauss Kruger                                Geographic

19esp-05

ESPIILLO II

3468569, 6512375

31 41 47,6 S

66 21 38,0 W

19cal-01

CALLANA VI

3465818, 6493704

31 46 26,5 S

66 21 26,6 W

19cal-03

CALLANA V

3466116, 6494355

Laboratories Used

Samples were analyzed in two different laboratories using the following packages / techniques.

Element / Package selected

SGS CANADA

KMI CHINA

Gold by Fire Assay Gold by Fire Assay, package GO_FA303 Gold and Silver by Fire Assay (Code: CF20190131)
All other elements GE_ICP40B CF20190131-1to6 X-ray fluorescence spectral analysis
Over limit packages GC_AAS42V for silver, GO_ICP90Q for copper, manganese, iron, lead, zinc, GC_ICP93A for vanadium, GE_CSA06V for sulphur

Ultra Lithium geologists inspecting the Callanas mine.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as Vice President Exploration of the Company.

About Ultra Lithium Inc.

Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium and gold assets. The Company currently holds five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the Georgia Lake area in northwestern Ontario, Canada. The Company recently diversified its portfolio by adding a total of 3 gold exploration and 13 gold mining licenses in Argentina, which it has commenced developing.

Related Articles

Gold Value Survives the Rise of Bitcoin

Gold Uses in the Modern Economy

Ultra Lithium Acquires 16 New Gold Mining Licenses 

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
Ultra Resources Plans to Start Work at the Laguna Verde Brine Lithium Project in Argentina
Ultra Resources Closes Private Placement – CORRECTION
Ultra Lithium Signs Agreement to Acquire Lithium Brine Property in Catamarca Argentina
Ultra Lithium Announces Increase in Size of Private Placement
Electric Porsche Electric Porsche to Drive Company’s Future
Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023
Ultra Lithium signs Agreement to acquire 100% Interest In Nevada Lithium Project
Wenzhou Liten Dreamwork Investment Real Estate Co., Ltd. Announces Acquisition of Shares of Ultra Lithium Inc.

LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Battery Storage Systems Replace Gas Plantsbattery storageGlobal transportationGlobal Transportation Sector: 30% Electric by ’30
Scroll to top