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Ultra Lithium Inc. (ULI:CA)

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Web site: 
http://www.ultralithium.com/

Ultra Lithium Inc. is a Canadian Junior Mining exploration company with focus in lithium and rare earth metals.  The company is committed to the aggressive pursuit of properties with high return-on-investment and maximizing the value of assets through disciplined process of assessment and responsible acquisitions.
Berland River Property – Lithium Brine Project

Located 200km west of Edmonton, the project consists of approximately 650 square kilometers (7 Townships), having the potential for extraction of lithium from formation waters.

  • Formation waters within the Devonian-aged Woodbend (Leduc) Group and the Beaverhill Lake formation on the property are shown to contain highly anomalous concentrations of lithium, with values of up to 140 mg/l reported.
  • An Alberta Research Council non-NI 43-101 compliant report (1995, p.42) indicates total potential resources of 0.515 x 106 tonnes lithium (or 2.4 billion lbs of Li2O) hosted in the Leduc and Beaverhill formation waters.
  • The concentrations are comparable to those of lithium brines currently found at Clayton Valley, Nevada which has been in production since the 1960s. 

Zigzag Lake Property – Lithium and Rare Earth Elements

Located 60 km northeast of Armstrong, Ontario, and accessed via an all-weather road, the project consists of five exploratory areas totaling approximately 2064 hectares 
Tebishogeshik Showing

  • Consists of four sub-parallel pegmatite lenses up to 18.3m in width over a distance of 845m.
  • Tantalum Pentoxide (Ta2O5) levels in Lens 3 were amongst the highest documented in lithium-rich pegmatites of Ontario.

Dempster L28 Showing

  • Contains prismatic spodumene (LiAl(SiO3)2) crystals up to 10 cm in length with identifiable lithium and columbite-tantalite occurrences.

Bird River Potential No. 1.

  • Anomalously high lithium levels (ca 300 ppm) in the greenstone bedrock, with dramatic increases in trace lithium in adjacent zones

Dempster East

  • Average grades of 1.78% and 1.88% Li2O through 9 parallel samples drawn from SE portion of property.

Ketchican Road Beryl

  • Multiple rare elements including Lithium and Tantalum.
  • Anomalously high beryl levels could indicate inclusion in a larger rare-element swarm.

Ultra Lithium's property is contiguous to Linear Metals' (TSX-V: LRM) Seymour Lake Lithium project where drilling confirmed significant lithium mineralization with grades up to 2.4%.

Links: 
Ultra Lithium Properties
Company Fact Sheet
ULI:CA
Category: 
Green