Usha Resources Discovers Second Lithium-Cesium-Tantalum Pegmatite Swarm at the White Willow Lithium Project, Tripling Strike to Over 25 Kilometres

Highlights:

• The Company has completed a 3-week visit. 287 rock samples were collected and submitted for laboratory analysis.
• The lithium-cesium-tantalum ("LCT") pegmatite trend on the property has increased to a potential strike length of >25 km that is open at both ends.
• A new highly evolved LCT swarm, "Bingo", has been identified that is over ~2 km in length that includes 2 large pegmatites that outcrop 600 and 450 metres in length, respectively, and are up to 75 metres in width. If connected, they would form a single large dyke over ~1.2 km in length.
• Bingo is highly evolved with excellent geochemical (low K/Rb and Nb/Ta ratios) and mineralogical (spessartine garnets, blue-green apatite, lithium amphiboles) indicators for a potential spodumene‑bearing system.
• Usage of a LIBS (laser-induced breakdown spectroscopy) analyzer on samples indicated lithium values within Bingo up to ~6,000 ppm (~1.3% Li₂O) and ~3,000 ppm (~0.65% Li₂O) within the host rock. A LIBS analyzer is a portable device that provides semi-quantitative assessments of geochemical concentrations in real-time. These readings should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. LIBS readings are not representative of the whole core and represent purely a concentration measured at a single point.
• The Company is also pleased to announce that it has expanded the basal sand and conglomerate zone at its Jackpot Lake Project to a depth of approximately 1,950 feet through drilling, increasing the previously identified zone from an interval of 273 feet to a total of 423 feet. The Company is now working towards completing and developing a well for sampling.

VANCOUVER, BC / ACCESSWIRE / August 3, 2023 / Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company, is pleased to announce that it has discovered a second significant lithium-cesium-tantalum ("LCT") pegmatite dyke swarm, "Bingo", at its White Willow Lithium Pegmatite Project ("White Willow" or the "Project"). The findings build on the initial visit completed in June and have over tripled the LCT pegmatite trend on the property to a potential strike length of >25 km that is open at both ends.