Ultra Lithium Sampled Up to 1270 Ppm Lithium at Salar Laguna Verde in Catamarca Argentina


VANCOUVER, British Columbia, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V:ULI) (“ULI” or “the Company”) has received complete assay results of the second round of sampling work carried out in December 2017 on the Salar Laguna Verde Discovery Zone in Catamarca Province, Argentina. Assay results indicate lithium values in the range of 34.2 to 1,270 milligrams per liter (mg/L) or parts per million (ppm), magnesium values less than one ppm to 7,920 ppm, potassium 804 ppm to 15,800 ppm, and boron 65.5 to 2,190 ppm. The Laguna Verde area is marked by low magnesium to lithium ratios, in the range of zero to 10.2.

Highlights:

  • Lithium values up to 1270 ppm, potassium 15,800 ppm (1.58%), and boron up to 2,190 ppm.
  • Fourteen samples in the central part of the Salar have lithium values greater than 500 ppm.
  • Average values of lithium in all samples is 526 ppm, boron 673 ppm, magnesium 1,916 ppm, potassium 7211 ppm and sodium 86,081 ppm.
  • Average magnesium to lithium ratio is 3, a very favourable factor for shorter evaporation time and potential lower lithium carbonate production costs.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “We are very pleased with the success of our Argentinian exploration work to date. The Company is planning to commence geophysical surveys in the coming weeks.  We will also commence evaporation process testing of lithium brines. These are the next big steps in moving the Laguna Verde Discovery Zone project forward.”

A total of 36 samples were collected from surface and shallow sub-surface brines down to a depth of one meter or less. Hand tools, such as hammers, and shovels were used to break the surface salt / sediment layers to access the brines.  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.  All samples were shipped to SGS Laboratories in Buenos Aires, while four duplicate samples were sent to Alex Stewart Laboratories in Jujuy, Argentina which were reported in December 22, 2017 news release. Two field blank and three field duplicate samples were also shipped to SGS as part of quality assurance and quality control purposes. SGS is a global chain of independent certified laboratories. The samples were assayed by SGS method ME. 113 based on SM 3120, 23rd Edition.

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 currently holds five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the Georgia Lake area in northwestern Ontario, Canada.

For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email:kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.  

Table 1: December 2017 Sampling Data from Salar Laguna Verde Discovery Zone

SAMPLE IDHeight MsnmFaja  ArgGkWGS84EGkWGS84NDeep W (cm)TDS gr/lSALTEMP CCONDRESIS.PHDENSITYBo mg/lLi  mg/lMg  mg/lMg/Li RatioK mg/lNa mg/l 
17CA048403722604822719952320208>7022.5208.14.718.54115093342862.40.1532080600 
17CA049404222604906719960025184.3>7022.5184.45.478.521175875291<1 421085200 
17CA050404222605056719948520199>7022.5198.958.74127586962610.70.09460140000 
17CA05240422260464871991811001047022.5103.99.69.1106030414372.60.5218031500 
17CA0534044226048647199047145184.4>7022.5184.35.598.7311754572832.00.0442063700 
17CA054404422604902719908525203>7022.52034.878.551220774425119.00.37090110000 
17CA055404122605507719898420196.4>7022.5196.35.068.8712751950771<1 15100139000 
17CA057404422605847719868320188.8>7022.5188.85.359120063426619.40.16140100000 
17CA058404222606935719866815220022.5220.14.587.951220702467359.00.810400116000 
17CA059404622606615719931435236022.5235.94.317.4912155087381100.01.510600124000 
17CA060404322606624719931620229022.5228.74.3 125074998316401.713800124000 
17CA06140492260379371999501.2186.3>7022.5183.45.337.57110010153012002.3540059300 
17CA06240472260402472001291.2169.3>7022.5168.85.927.41110023132013904.3522051400 
17CA063404922604938720033440195>7022.5195.15.137.3812951980127079206.215800118000 
17CA064404722605776720018520234>7022.52344.277.42127579268434205.09830114000 
17CA065404922605237719975310217>7022.52174.3 125079753817.70.08670143000 
17CA067402522604328720035845216>7022.52164.627.4612006387476280.08.4683083600 
17CA068402522604435720048050209>7022.52094.947.2511604786416800.010.6533071400 
17CA069402522604494720049770212>7022.52124.727.3612105387457610.010.2649081200 
17CA070402522604567720052090205>7022.52054.897.321200376684.045406.6649086000 
17CA071404122604751719968670155.6>7022.5155.66.47.971100234291.013904.8328048300 
17CA072402522604680719963470986>7022.598.410.228.29107015290.83513.9122031600 
17CA074402522606499719952720322022.532.131.29.7108065.534.229.30.98047500 
17CA075402522603527719985370168.4>7022.51904.987.151150155611.011001.8666066600 
17CA076402522603570719977170152.8>7022.5152.76.437.4108023.8378.05181.4495042200 
17CA077402522605058719992930235>7022.52354.268.4612352190698.028.50.011800120000 
Average        67352619163721186081