Ultra Lithium Inc.
TSX VENTURE : ULI

Ultra Lithium Inc.

July 26, 2016 11:21 ET

Ultra Lithium Samples Up to 2.73% Lithium Oxide at the Georgia Lake Hard Rock Lithium Project in Thunder Bay, Northwestern Ontario, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) -

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Ultra Lithium Inc. (TSX VENTURE:ULI) ("Ultra Lithium" or "the Company") is pleased to announce assay results from recently concluded prospecting and sampling program at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada. The results confirmed the presence of up to 2.73 % lithium oxide (Li2O) in grab surface samples in lithium pegmatites on the property.

Highlights of the sampling program are (see table for details):

  • Out of total 21 samples, ten samples showed over 1% lithium oxide and five samples over 2% lithium oxide with a maximum value of 2.73%.
  • The lithium pegmatite dikes are dipping at steep angle over 76 degrees. Spodumene is the main lithium bearing mineral in these pegmatites.

The fieldwork program was carried out last month. The purpose was to verify historically reported lithium pegmatites on the property and to execute the stripping, trenching and channel sampling plan upon receiving permitting from the Ministry of Northern Development and Mines of Ontario.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, "These excellent ground sampling results increase our confidence in the Georgia Lake hard rock lithium property as a good exploration target. The Company is looking forward to continue exploration in this area alongside its Big Smoky Valley brine lithium project in Nevada, USA."

Samples were prepared by Actlabs' preparation lab in Thunder Bay, Ontario, and then shipped to Actlabs' analytical lab in Ancaster, Ontario, for analysis. Actlabs is an independent lab accredited by ISO 17025. The samples were digested using sodium peroxide fusion and analyzed for the major elements by ICP and trace elements by ICP/MS (Method: FUS-MS-Na2O2).

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 a consultant with the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

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 focused on North American acquisitions and exploring its Georgia Lake and South Big Smoky Valley Projects.

About the Georgia Lake Lithium Project:

The Company holds a 100% interest in the Georgia Lake lithium property comprising 16 mineral claims covering approximately 2416 Ha in 151 units, located in the Thunder Bay Mining Division, Ontario, Canada. The project represents a stable and favourable mining jurisdiction, supportive First Nations and excellent infrastructure. It is located near provincial highway 11, 145 km from a deep water port in Thunder Bay. The spodumene-bearing pegmatites of this area were first discovered in 1955. A majority of the pegmatites are Lithium-cesium-tantalum (LCT) type where spodumene is the main lithium mineral. A total of eight historically documented lithium pegmatites are located on the property.

View the Company's filings at www.SEDAR.com.

Table: Assay Results of June 2016 Sampling at the Georgia Lake Lithium Project
Analyte Symbol Li2O Be Mn Nb Rb Ta Cs Coordinates
Unit Symbol % ppm ppm ppm ppm ppm ppm NAD 83
Detection Limit 3 3 2 0.4 0 0 UTM Zone 16 Pegmatite
Analysis Method FUS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2 Easting Northing Sample Type Location
1126851 0.15 108 813 66 519 56 36 433242 5470719 Grab Trans NW
1126852 0.04 98 227 12 424 6 31 434332 5461345 Grab Niemi
1126853 <0.02 202 215 17 387 4 29 434332 5461345 Grab Niemi
1126854 <0.02 98 99 101 1020 165 57 430244 5464321 Grab Vegan
1126855 <0.02 160 94 84 392 50 14 430193 5464407 Grab Vegan
1126856 1.78 154 297 90 967 117 50 430193 5464407 Grab Vegan
1126857 <0.02 70 86 90 561 72 21 430179 5434326 Grab Vegan
1126858 <0.02 138 61 79 457 92 15 430179 5434326 Grab Vegan
1126859 1.44 286 1650 60 503 29 40 434647 5470491 Grab Island Showing/Giles
1126860 1.35 169 1000 46 1050 16 49 434653 5470488 Grab Island Showing/Giles
1126861 2.52 134 1410 73 161 39 18 434653 5470488 Grab Island Showing/Giles
1126862 2.13 144 1650 86 299 27 22 434653 5470488 Grab Island Showing/Giles
1126863 1.40 166 955 81 865 44 56 431382 5470295 Grab Camp
1126864 <0.02 55 406 27 500 16 27 433580 5470596 Grab Trans Island
1126865 <0.02 131 779 41 435 30 28 433580 5470596 Grab Trans Island
1126866 0.80 231 973 62 1070 39 131 433547 5470595 Grab Trans Shoreline
1126867 2.60 160 764 57 588 32 49 431384 5470295 Grab Camp
1126868 1.10 190 603 50 1240 33 92 431261 5464042 Grab Newkirk
1126869 <0.02 99 86 83 933 202 115 430182 5464386 Grab Vegan
1126951 2.00 225 1120 33 411 13 27 434676 5470505 Grab Island/Giles
1126952 2.73 148 890 61 490 35 40 431386 5470290 Grab Camp

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