AllPennyStocks.com News Brief: Usha Resources Ltd.

News Brief: Usha Resources Ltd.

Wednesday, June 28, 2023

The North American lithium exploration company, announced that drilling has commenced for the third hole ("JP23-02") at the 100%-owned Jackpot Lake Lithium Brine Property located in Clark County, Nevada. Drill hole JP23-01 will be drilled immediately upon hole development and initial sampling of JP23-02. JP23‑01 and JP23-02 are twinning JP22-01 and JP22-02, respectively, conducted to better maintain hole integrity as each hole advances to its planned 2,000 feet.

The Company also announced that it has begun preliminary work on its 43-101 resource estimate.

The goal of the drill program will be to build on the findings of its initial drilling which supports that the Jackpot Lake is a similar geologic setting to that of Clayton Valley, hosting Albemarle's Silver Peak Nevada Lithium Mine, the only producing lithium mine in North America.

Shares are trading down 1 cent at 0.25


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