Ultra Lithium receives Interpretation of Geophysics
(firmenpresse) -
Ultra Lithium receives Interpretation of Geophysics
Vancouver, B.C., January 18, 2013 - Ultra Lithium Inc. (TSX-V: ULI) (“the Company” or “Ultra”) has received final geophysical models from Beijing Explo-Tech Engineering Co., a Chinese consulting firm that has been processing audio-magnetotelluric survey (AMT) data from Ultra’s Balkan projects in the Republic of Serbia.
The Company is pleased to announce that high priority targets have been identified on the Blace and Valjevo East exploration licenses. The integration of AMT resistivity, gravity, and geological data has revealed laterally extensive resistivity anomalies within the Miocene sedimentary package. Graphics of the interpreted AMT results and prospective areas will soon be available on the Company website, http://www.ultralithium.com.
In addition, geochemical samples collected from the Blace exploration license have been submitted to ALS Chemex in Romania and the Company anticipates results to return within the next 30 days.
The Company utilizes similar exploration criteria and methods as those used by Rio Tinto on its Jadar lithium and borate deposit, which has a JORC compliant inferred resource of 125 MT grading 1.8% Li2O and 12.9% B2O3.1 The Rio Tinto Jadar discovery has been classified as one of the world’s largest lithium deposits. Ultra is eager to further explore the anomalies it has uncovered on its properties using similar criteria and techniques.
Marc Morin, Ultra Lithium’s President & Chief Executive Officer said, “We are pleased to confirm laterally extensive resistivity anomalies at Blace and Valjevo and look forward to the results of our spring exploration campaign, which are expected to comprise of additional geophysics and geochemical work followed by drilling.”
For more technical information on Ultra’s Balkans property, please refer to: http://www.ultralithium.com/basic-page/balkans-serbia
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Shahab Tavakoli, P.Geo, Geophysicist, M.Sc., a Qualified Person under NI 43-101.
For further information please contact Mr. Marc Morin, President and CEO at 604-669-9788 ext. 201.
ULTRA LITHIUM INC.
On behalf of the Board
"Marc Morin"
Marc Morin, President & CEO
1 Source: http://www.riotintominerals.com/documents/RTM.JadarFactSheets.Sept2011.pdf
Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) the inability of the parties to consummate the definitive letter agreement; (ii) fluctuation of mineral prices; (iii) a change in market conditions; (iv) the inability to produce the technical report for any reason whatsoever; and (v) the refusal of the Exchange to accept the proposed transaction for any reason whatsoever. Except as required by law, the Company does not intend to update any changes to such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek Safe Harbor.
Leseranfragen:
Ultra Lithium Inc.
507 - 700 West Pender Street
Vancouver, BC; V6C 1G8
KANADA
John Bui
ir(at)ultralithium.com
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Datum: 21.01.2013 - 08:08 Uhr
Sprache: Deutsch
News-ID 221175
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