VANCOUVER, British Columbia, Nov. 07, 2017 (GLOBE NEWSWIRE) — Ultra Lithium Inc. (TSXV:ULI) (“ULI” or “the Company”) has received preliminary assay results from the October 2017 exploration work completed on the Laguna Verde, Archibara and Galan properties in the Province of Catamarca, Argentina.
Assay results indicate lithium values in the range of less than 1ppm to 1,100ppm, magnesium values 9.45ppm to 1,900ppm and potassium values are 20.5ppm to 14,100ppm. The Laguna Verde area is marked by low magnesium to lithium ratios, in the range of 0.9 to 9.8. The Company is currently in the process of verifying the field and lab data, and interpreting the significance of these results in the context of the Company’s exploration program. The assay results are presented in the table below.
Exploratory sampling was carried out by collecting surface brines and shallow sub-surface brines down to a depth of one meter. Hand tools, such as hammers, and shovels were used to break the surface salt / sediment layers to access the brines.
The samples were assayed at SGS Laboratories in Buenos Aires, Argentina. SGS is a global chain of independent certified laboratories. The samples were assayed by SGS method ME. 113 based on SM 3120, 23rd Edition. Brine samples were collected in clean plastic bottles which were rinsed with brine before sampling. Field parameters of each sample were recorded which include: depth of water table from surface, total dissolved solids, temperature, conductivity, salinity, pH, and density.
Qualified Person
The 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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.
For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email: [email protected]
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.
Table 1: October 2017 Sampling Data from Laguna Verde, Archibara and Galan
| Project | Area | Sample ID | Location (WGS84) | Water Depth (cm) | Li mg/l | Mg mg/l | Mg/Li Ratio | K mg/l | Na mg/l |
| Galan | 5 de Mayo | 17CA026 | 19 J 718770 7095144 | 130 | <1 | 54 | NA | 145 | 648 |
| Galan | Laguna del Salitre | 17CA027 | 19 J 709194 7093167 | 0 | <1 | 47.9 | NA | 316 | 1440 |
| Galan | Laguna del Salitre | 17CA028 | 19 J 709716 7093263 | 0 | <1 | 50.8 | NA | 332 | 1510 |
| Laguna Verde | Laguna Verde II | 17CA029 | 19 J 607380 7198451 | 0 | 14.0 | 87.9 | 6.28 | 262 | 2650 |
| Laguna Verde | Laguna Verde II | 17CA030 | 19 J 606573 7198467 | 120 | 1100.0 | 1900 | 1.73 | 14100 | 127000 |
| Laguna Verde | Laguna Verde II | 17CA031 | 19 J 606275 7198901 | 0 | 514.0 | 490 | 0.95 | 8870 | 97400 |
| Laguna Verde | Laguna Verde II | 17CA032 | 19 J 606202 7199362 | 0 | 92.5 | 542 | 5.86 | 1340 | 23800 |
| Laguna Verde | Laguna Verde I | 17CA033 | 19 J 603634 7200748 | 0 | 24.8 | 323 | 13.02 | 351 | 4980 |
| Laguna Verde | Laguna Verde I | 17CA034 | 19 J 602873 7197649 | 0 | 199.0 | 234 | 1.18 | 2620 | 44400 |
| Laguna Verde | Laguna Verde I | 17CA035 | 19 J 602859 7198645 | 0 | 39.4 | 154 | 3.91 | 522 | 8780 |
| Laguna Verde | La Maru | 17CA036 | 19 J 606062 7200840 | 0 | 48.9 | 355 | 7.26 | 723 | 13000 |
| Laguna Verde | La Maru | 17CA037 | 19 J 606070 7201410 | 0 | 147.0 | 1180 | 8.03 | 2240 | 34900 |
| Laguna Verde | La Maru | 17CA038 | 19 J 604608 7201220 | 0 | 57.5 | 565 | 9.83 | 1020 | 12300 |
| Laguna Verde | Griselda | 17CA039 | 19 J 603012 7197999 | 0 | 202.0 | 240 | 1.19 | 2680 | 45600 |
| Archibarca | Archibarca I | 17CA040 | 19 J 590376 7209734 | 145 | 46.7 | 1010 | 21.63 | 430 | 19400 |
| Archibarca | Archibarca I | 17CA041 | 19 J 590405 7210038 | 135 | 44.2 | 770 | 17.42 | 361 | 16200 |
| Archibarca | Archibarca I | 17CA042 | 19 J 590133 7209750 | 130 | 72.8 | 1060 | 14.56 | 2090 | 32100 |
| Archibarca | Archibarca II | 17CA043 | 19 J 590068 7205958 | 0 | <1 | 9.45 | NA | 20.5 | 260 |