Usha Resources Announces Completion of Phase 1 Fieldwork at the Southern Arm Copper-Gold VMS Property
Usha Resources has completed a biogeochemical black spruce bark sampling survey at its Southern Arm polymetallic VMS property in Quebec. The survey collected 710 black spruce bark samples along a 7.3 km conductive trend of the Bapst fault. The property is strategically located near significant deposits, including the B26 deposit (~16 km away) and the historic Selbaie mine (~15 km away). The company plans to conduct an induced polarization survey followed by a 3,000-metre maiden winter drill program in 2024-2025. The sampling program aims to identify geochemical anomalies in the underlying bedrock to establish high-priority drilling targets.
Usha Resources ha completato un sondaggio sui campioni di corteccia di abete nero biogeochimico presso la sua proprietà VMS polimetallica di Southern Arm in Quebec. Il sondaggio ha raccolto 710 campioni di corteccia di abete nero lungo una tendenza conduttiva di 7,3 km della faglia Bapst. La proprietà è situata strategicamente vicino a depositi significativi, inclusi il deposito B26 (~16 km di distanza) e la storica miniera Selbaie (~15 km di distanza). L'azienda prevede di condurre un sondaggio di polarizzazione indotta seguito da un programma di perforazione invernale di 3.000 metri per il 2024-2025. Il programma di campionamento mira a identificare le anomalie geochimiche nella roccia sottostante per stabilire obiettivi di perforazione ad alta priorità.
Usha Resources ha completado una encuesta de muestreo de corteza de abeto negro bioquímica en su propiedad VMS polimetálica Southern Arm en Quebec. La encuesta recolectó 710 muestras de corteza de abeto negro a lo largo de una tendencia conductiva de 7.3 km en la falla Bapst. La propiedad está estratégicamente ubicada cerca de depósitos significativos, incluidos el depósito B26 (~16 km de distancia) y la histórica mina Selbaie (~15 km de distancia). La compañía planea realizar una encuesta de polarización inducida seguida de un programa de perforación invernal de 3,000 metros para 2024-2025. El programa de muestreo tiene como objetivo identificar anomalías geoquímicas en la roca subyacente para establecer objetivos de perforación de alta prioridad.
Usha Resources는 퀘벡에 있는 Southern Arm 다중 금속 VMS 자산에서 생물화학적 검은 가문비 나무 껍질 샘플링 조사를 완료했습니다. 이 조사는 Bapst 단층의 7.3km 전도성 경향을 따라 710개의 검은 가문비 나무 껍질 샘플을 수집했습니다. 이 자산은 B26 광산(~16km 거리)와 역사적인 Selbaie 광산(~15km 거리) 등 중요한 매장지 근처에 전략적으로 위치하고 있습니다. 이 회사는 2024-2025년에 3,000미터 최초 겨울 시추 프로그램을 진행할 계획입니다. 샘플링 프로그램의 목표는 중요한 시추 대상지를 정립하기 위해 하부 암석의 화학적 이상을 식별하는 것입니다.
Usha Resources a complété une enquête d'échantillonnage de l'écorce d'épinette noire biogéochimique sur sa propriété VMS polymétallique de Southern Arm au Québec. L'enquête a collecté 710 échantillons d'écorce d'épinette noire le long d'une tendance conductrice de 7,3 km sur la faille Bapst. La propriété est stratégiquement située à proximité de dépôts significatifs, y compris le dépôt B26 (~16 km) et l'ancienne mine de Selbaie (~15 km). La société prévoit de réaliser une enquête de polarisation induite suivie d'un programme de forage hivernal inaugural de 3 000 mètres en 2024-2025. Le programme d'échantillonnage vise à identifier les anomalies géochimiques dans la roche sous-jacente afin d'établir des cibles de forage de haute priorité.
Usha Resources hat eine biogeochemische Untersuchung von Schwarzfichtenrinde auf seinem polymetallischen VMS-Grundstück Southern Arm in Quebec abgeschlossen. Bei der Untersuchung wurden 710 Schwarzfichtenrindenproben entlang eines 7,3 km langen leitfähigen Trends des Bapst-Bruchs entnommen. Das Grundstück liegt strategisch günstig in der Nähe bedeutender Vorkommen, einschließlich der B26-Lagerstätte (~16 km entfernt) und der historischen Selbaie-Mine (~15 km entfernt). Das Unternehmen plant, eine induzierte Polarisationsuntersuchung durchzuführen, gefolgt von einem 3.000 Meter umfassenden Winterbohrprogramm im Jahr 2024-2025. Das Probenprogramm hat zum Ziel, geochemische Anomalien im darunterliegenden Gestein zu identifizieren, um hochpriorisierte Bohrziele festzulegen.
- Strategic location near major deposits including B26 (6.97 Mt indicated resource) and historic Selbaie mine
- Completion of comprehensive 710-sample biogeochemical survey
- Planned 3,000-metre winter drill program for 2024-2025
- Option agreement to acquire 100% of Southern Arm property over 2 years
- None.
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / 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 completed a biogeochemical black spruce bark sampling survey at its Southern Arm polymetallic VMS property ("Southern Arm" or the "Property") in the metal-rich northwest Abitibi subprovince of mining-friendly Quebec. The Company has entered into an option agreement to earn
Highlights:
710 black spruce bark samples were collected on a grid centred on the 7.3 km conductive trend along the regional-scale Bapst fault, which is associated with Zn, Pb Ag, Mo and Cu occurrences, as well as geology and alteration prospective for polymetallic VMS-style mineralization.
The Company intends on completing an induced polarization survey shortly before proceeding with a planned 3,000 metre maiden winter drill program.
The Property is situated in a region famous for its endowment in precious and base metals (Fig. 1). Notable nearby projects include:
~16 km from B26 deposit, which hosts an indicated resource of 6.97 Mt at 1.32 % Cu,
1.89% Zn, 0.60 g/t Au & 43 g/t Ag and inferred resource of 4.41 Mt at2.03% Cu,0.22% Zn, 1.07 g/t Au & 9 g/t Ag~15 km from historic Selbaie mine, which produced 53 Mt at
0.96% Cu,1.9% Zn, 0.58 g/t Au, 40.7 g/t Ag
Figure 1 - Bedrock geology and regional mineral occurrences associated with the synvolcanic Brouillan Complex, Geology after SIGEOM, 2024.
In the northwest Abitibi subprovince, mineral occurrences are associated with felsic volcanic rocks and regional-scale synvolcanic faults (Fig. 1). The synvolcanic Bapst Fault (Faure, 2011) transects the Southern Arm property, and within this area, the sparse historic drill logs record felsic volcanic stratigraphy, alteration assemblages and widespread metal anomalies that are prospective for polymetallic VMS formation, within a similar geologic setting as the neighbouring historic Selbaie mine (Fig. 1). These results have not been followed up due to the Property's till cover, however the use of biogeochemical sampling will allow for the identification of geochemical anomalies in the underlying bedrock and help to establish high priority targets for Usha's upcoming 3,000 metre drill program commencing winter 2024-2025.
Biogeochemical surveys are exploration techniques that excel at testing for buried mineralization not exposed at the surface by sampling and analyzing whole or selected parts of plants. Black spruce bark sampling, in particular, has proven to be an effective method in the region, identifying metal anomalies associated with gold and copper mineralization on adjacent properties in the Abitibi where there is little to no outcrop exposure (Wallbridge Resources, Gaillard, 2021; Midland Exploration, St-Cyr, 2021; Probe Gold News Release June 29, 2024).
Usha Resources contracted mineral exploration specialists SL Exploration to complete the fieldwork, and the current program collected 710 black spruce bark samples on a grid designed to cover a 7.3 km trend of the Bapst Fault (Fig. 2). SL Exploration is a Quebec-based consulting company that specializes in surface geochemistry exploration techniques used to identify buried mineral deposits and has successfully identified multiple soil discoveries in the James Bay and Abitibi regions.
Figure 2: Bedrock geology of the Southern Arm property and the location of black spruce bark samples collected in 2024. Bedrock geology after SIGEOM, 2024.
"This work represents an important stage in Usha's exploration strategy at the Southern Arm Property, and we are thrilled to have the experience of the local geochemical experts at SL Exploration applied to our program" stated CEO Deepak Varshney. He continued: "We eagerly await the results from this program and plan to apply complimentary geophysical exploration techniques at our Hollywood target, to further refine our drill targets in the subsurface. The results from these programs will ensure only the highest priority targets are targeted with the diamond drill in our upcoming maiden drill program in the 2024-2025 winter season.
Qualified person
The technical content of this news release has been reviewed and approved by Mr. James Macdonald, P.Geo., a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionors were reviewed by the qualified person. The information provided has not been verified and is being treated as historic non-compliant intercepts.
About Usha Resources Ltd.
Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS project in Quebec, Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its growing portfolio of hard-rock lithium assets. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.
USHA RESOURCES LTD.
For more information, please call 778-899-1780, email info@usharesources.com or visit www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
References
Gaillard, N. (2021) Assessment Report, Grasset Property, Biogeochemistry, Summer 2021; Wallbridge Mining, GM72469, 86pp.
St-Cyr, R. (2021) Black Spruce Bark Campaign Report - Adam Project; Midland Exploration, GM72086, 166 pp.
Probe Gold (2024) Probe Metals And Midland Exploration Commence Drilling To Test New High Priority Targets South Of Fenelon On The Detour Gaudet-Fenelon JV Project; Retrieved from < https://probegold.com/news/probe-metals-and-midland-exploration-commence-drilling-to-test-new-high-priority-targets-south-of-fenelon-on-the-detour-gaudet-fenelon-jv-project/ > on July, 29, 2024
SOURCE: Usha Resources Ltd.
View the original press release on accesswire.com
FAQ
What is the size of the sampling survey conducted by USHAF at Southern Arm property?
When will USHAF begin its maiden drilling program at Southern Arm?
What major deposits are located near USHAF's Southern Arm property?
