Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has completed nine (9) holes, totaling 5390.70 meters of diamond drilling on the Company’s Valjevo East and Blace exploration claims.
The current drilling program tested several targets that were identified by previous Audio Magneto-Telluric (AMT) and gravity geophysical surveys.
Core samples have been dispatched to SGS in Bor, Serbia for multi-element assays including Lithium and Boron. The Company expects to receive all lab analysis by the end of March, 2014.
To date, 1124 AMT survey points along with 1365 gravity point measurements have been collected which have identified several targets within the company’s 7 exploration properties with a total area of 676.54 Sq. km.
Upon receipt of assay results, the Company will analyze and review all the data and plan this year’s exploration program.
The drilling program was supervised by Igor Sikic, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101. Mr. Sikic has reviewed and approved the contents of this press release.
On behalf of the Board of Directors
Marc Morin, President & CEO
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.
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