Ultra Lithium Receives Permits and Starts Geophysical Surveys at Argentina Brine Lithium Properties
26 Abril 2018 - 10:00AM
Ultra Lithium Inc. (TSX-V:ULI) (“ULI” or “the Company”) is pleased
to announce that it has received permits from the Mining Department
of Catamarca Province, Argentina to carry out exploration work at
its brine lithium properties. The permit is issued for ground
geophysical surveys and evaporation ponds for trial lithium
concentration processing at the Laguna Verde, Amelia (Antofalla
Salar) and La Borita brine properties. The Company has contracted
Beijing Technology and Engineering Co., Ltd. (BETEC) from China to
complete approximately 82.60 line-kilometres of Gravity and Time
Domain Electromagnetic (TDEM) surveys on the three brine
properties. BETEC technical teams have been mobilized to the
project area to start geophysical surveys.
Beijing Technology and Engineering Co., Ltd
(BETEC) is a global high-tech enterprise providing geological
exploration services, research, software development and technology
support to the mining and energy industries. Established in 1987,
BETEC now operates as a full-service provider of geological,
geophysical & geochemical surveying, mapping and technology
advancements in mineral exploration, oil and gas exploration,
hydraulics, earth physics archaeological exploration, seismic
safety evaluation, city construction inspections, remote sensing,
geological disasters, land surveying, geodesy, photogrammetry,
engineering surveying, geographic information systems development
and many other areas.
Dr. Weiguo Lang, CEO of Ultra Lithium, stated
that, “We are very pleased to partner with BETEC to commence the
next phase of exploration work, especially at the Laguna Verde
discovery area where brine samples have indicated lithium values of
up to 1270 PPM. Ground geophysical surveys will indicate the basin
sizes, structural complexities and potential brine layers.”
Qualified PersonThe 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.
ON BEHALF OF THE BOARD OF DIRECTORS
“Kiki Smith”
Kiki Smith, CFO
About Ultra Lithium Inc. Ultra
Lithium is an exploration and development company with a focus on
the acquisition and development of lithium 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.
For further information, please contact the Company
at:Attention: Kiki SmithTelephone: 778 968-1176 Facsimile: 604
909-4682 Email:kiki@ultralithium.com Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.
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