Advertisement
New Zealand markets open in 6 hours 39 minutes

  • NZX 50

    11,803.28
    -49.52 (-0.42%)
     

  • NZD/USD

    0.5938
    +0.0017 (+0.28%)
     

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • OIL

    82.52
    +0.62 (+0.76%)
     

  • GOLD

    2,333.10
    -13.30 (-0.57%)
     

United Lithium Corp Discovers Two New Lithium Rich Pegmatites at Bergby Project, Sweden, in ongoing Drill Program

United lithium
·4-min read

Figure 1

Vertical Cross Section - new pegmatite discovery with rush assay intersections on hole BBY21069 and adjacent holes showing assayed intersection and spodumene enriched pegmatite
Vertical Cross Section - new pegmatite discovery with rush assay intersections on hole BBY21069 and adjacent holes showing assayed intersection and spodumene enriched pegmatite
Vertical Cross Section - new pegmatite discovery with rush assay intersections on hole BBY21069 and adjacent holes showing assayed intersection and spodumene enriched pegmatite

Figure 2

Drill Plan of holes around discovery hole BBY21069
Drill Plan of holes around discovery hole BBY21069
Drill Plan of holes around discovery hole BBY21069

Figure 3

Drill holes, pegmatites and spodumene rich boulder trains at the Bergby Project, Sweden
Drill holes, pegmatites and spodumene rich boulder trains at the Bergby Project, Sweden
Drill holes, pegmatites and spodumene rich boulder trains at the Bergby Project, Sweden

New high grade spodumene bearing pegmatites intersected

Rush assays on hole BBY21069 from one new pegmatite returned 47.75 m (true thickness 10m) of 1.34 % Li2O

42 holes have now been completed totalling 3730m since United Lithium acquired the Bergby Lithium Project

ADVERTISEMENT

Drilling continues; assays pending or incomplete on most holes

VANCOUVER, British Columbia, Jan. 20, 2022 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (“ULTH” or the “Company”) is pleased to announce completion of 42 core drill holes at the Bergby Lithium project near Gävle in central Sweden. A new spodumene bearing pegmatites was discovered in December 2021, with assays available from the discovery hole BBY21069. Drilling continues on this new discovery.

Discovery hole BBY21069 intersected 47.75m of 1.34% Li2O from 2.25 m beneath shallow soil cover. It is interpreted based on nearby holes (BBY21071 and BBY21073 - see Figure 1) that drillhole BBY21069 intersected the host pegmatite at a low angle to dip and true thickness is approximately 10 metres. See Table 1 for the individual assay intervals for drill hole BBY21069.

This new discovery lies 750 metres northwest of the original Bergby lithium discovery drilled in 2017 (see Figures 2 and 3). The site was identified from boulderhunting and sampling and highlights the potential at Bergy for new near surface discoveries. The Bergy field has the characteristics of a pegmatite swarm with multiple intrusions, and ULTH’s technical team anticipates further pegmatites will be located.

Hole BBY21170, drilled 50m south of BBY21069, is planned to be deepened to test if the spodumene rich horizon is continuous to the southwest. Additional holes are planned to test the northeast and southwest extensions of this spodumene pegmatite (see Figure 2). Should positive visual results be received in the first step out holes, additional drilling will be added to test further northeast and southwest of BBY21069.

Michael Dehn, President and CEO of the Company stated: “We are excited to have achieved two new blind high grade lithium discoveries on the property in less than half a year of drilling. The boulder sampling program has been very successful at vectoring drill targeting for this new zone. The Bergby project remains very unexplored, and we look forward to further testing of this discovery and additional targets in 2022.”

Table 1: Drill Hole BBY21069 rush assay results

Drill hole number

from (m)

to (m)

length (m)

Li2O (%)

BBY21069

2.25

3.75

1.50

0.555

BBY21069

3.75

5.25

1.50

0.852

BBY21069

5.25

6.75

1.50

1.363

BBY21069

6.75

8.25

1.50

1.253

BBY21069

8.25

9.75

1.50

1.240

BBY21069

9.75

10.95

1.20

1.240

BBY21069

10.95

12.53

1.58

0.863

BBY21069

12.53

14.01

1.48

0.697

BBY21069

14.01

15.51

1.50

0.943

BBY21069

15.51

17.01

1.50

1.580

BBY21069

17.01

18.50

1.49

1.563

BBY21069

18.50

19.97

1.47

0.917

BBY21069

19.97

21.50

1.53

1.787

BBY21069

21.50

23.05

1.55

0.624

BBY21069

23.05

24.55

1.50

2.476

BBY21069

24.55

26.05

1.50

0.355

BBY21069

26.05

27.55

1.50

1.412

BBY21069

27.55

29.12

1.57

1.793

BBY21069

29.12

30.58

1.46

1.137

BBY21069

30.58

32.05

1.47

3.003

BBY21069

32.05

33.55

1.50

3.703

BBY21069

33.55

35.02

1.47

1.462

BBY21069

35.02

36.46

1.44

0.090

BBY21069

36.46

38.02

1.56

0.086

BBY21069

38.02

39.50

1.48

0.777

BBY21069

39.50

41.02

1.52

0.721

BBY21069

41.02

42.50

1.48

1.132

BBY21069

42.50

43.98

1.48

1.455

BBY21069

43.98

45.50

1.52

2.400

BBY21069

45.50

47.07

1.57

1.987

BBY21069

47.07

48.50

1.43

1.948

BBY21069

48.50

50.00

1.50

1.494

Figure 1 https://www.globenewswire.com/NewsRoom/AttachmentNg/fbeef6ff-e7d3-472a-b08b-77cd7bd1595c

Figure 2 https://www.globenewswire.com/NewsRoom/AttachmentNg/54cde0f1-9f2d-44e9-820c-adb23150e55c

Figure 3 https://www.globenewswire.com/NewsRoom/AttachmentNg/595d1497-988e-4a75-bcca-90521275ff35

Samples submitted by Leading Edge Materials Corp were prepared and analyzed by the ME-MS89L technique by ALS Ltd's laboratories in either Pitea, Sweden, Loughrea, Ireland and/or Vancouver, Canada, where duplicates, repeats, blanks and known standards were inserted according to standard industry practice.

Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the scientific and technical information in this press release.

On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer

Investor Relations
(604) 259-0889
ir@unitedlithium.com

Forward-Looking Statements Caution. This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.