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Usha Resources Ltd.

09:03 AM EST - Usha Resources Ltd. : Announced that it has confirmed the presence of a fertile lithium-cesium-tantalum system at its Gathering Lake Lithium Pegmatite Project located within the Thunder Bay Mining District, Ontario. Highlights: The Company has mobilized its technical team onsite for a two week visit. The Project is recognized as being highly prospective for the discovery of new LCT–pegmatites as it has never been subject to systematic exploration and drilling using modern exploration techniques; The Company has identified beryl and tantalum within pegmatites within the limited exploration completed to-date during this visit, confirming the presence of an evolved lithium-cesium-tantalum system. The identification of beryl and tantalum is a key finding that confirms that the Gathering Lake Project has a highly evolved LCT–system. As tantalum in particular is present in more evolved phases within an LCT–system, this indicates that the system could contain spodumene, the key lithium-bearing mineral in pegmatites. Usha Resources Ltd. shares V.USHA are trading up 1 cent at $0.28.

Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=USHA%3ACA&qmodStoryID=7777941242470466