Usha Resources Announces Initiation of Induced Polarization Survey at the Drill Ready Southern Arm Copper-Gold VMS Property
Usha Resources has initiated an Induced Polarization (IP) survey at its Southern Arm copper-gold VMS property in Quebec's northwest Abitibi subprovince. The survey, conducted by Geophysique TMC, focuses on the Hollywood trend of metal anomalies and will help refine targets for the company's planned maiden drill program in winter 2024-2025.
The property is strategically located near the historic Selbaie mine, which produced 53 million tonnes at 0.96% copper, 1.9% zinc, 0.58 g/t gold, and 40.7 g/t silver. Southern Arm hosts a 7.3-kilometer conductive copper-gold trend along the Bapst fault, with geology similar to neighboring successful mining operations.
The IP survey will identify chargeability and resistivity contrasts associated with sulphides down to 350+ meters depth, complementing an ongoing surface biogeochemical sampling survey to establish exploration baselines.
Usha Resources ha avviato un'indagine di Polarizzazione Indotta (IP) presso il suo proprietà VMS rame-oro Southern Arm nel nord-ovest del Quebec, nella subprovincia di Abitibi. L'indagine, condotta da Geophysique TMC, si concentra sulla tendenza Hollywood di anomalie metalliche e aiuterà a perfezionare i bersagli per il piano di perforazione previsto dall'azienda per l'inverno 2024-2025.
La proprietà è strategicamente situata vicino alla storica miniera di Selbaie, che ha prodotto 53 milioni di tonnellate con un contenuto di rame dello 0,96%, zinco dell'1,9%, 0,58 g/t di oro e 40,7 g/t di argento. Southern Arm ospita una tendenza conduttiva di rame-oro di 7,3 chilometri lungo la faglia di Bapst, con una geologia simile a operazioni minerarie di successo vicine.
L'indagine IP identificherà i contrasti di carica e di resistività associati ai solfuri fino a oltre 350 metri di profondità, completando un'indagine di campionamento biogeochimico superficiale in corso per stabilire le basi esplorative.
Usha Resources ha iniciado una encuesta de Polarización Inducida (IP) en su propiedad VMS de cobre-oro Southern Arm en el noroeste de Abitibi, Quebec. La encuesta, realizada por Geophysique TMC, se centra en la tendencia Hollywood de anomalías metálicas y ayudará a refinar los objetivos para el programa de perforación inaugural que la compañía planea para el invierno 2024-2025.
La propiedad está estratégicamente ubicada cerca de la histórica minería de Selbaie, que produjo 53 millones de toneladas con un contenido de 0,96% de cobre, 1,9% de zinc, 0,58 g/t de oro y 40,7 g/t de plata. Southern Arm alberga una tendencia conductiva de cobre-oro de 7,3 kilómetros a lo largo de la falla de Bapst, con una geología similar a las operaciones mineras exitosas vecinas.
La encuesta IP identificará los contrastes de carga y resistividad asociados con sulfuros hasta más de 350 metros de profundidad, complementando una encuesta de muestreo biogequímico superficial en curso para establecer bases de exploración.
Usha Resources는 퀘벡 북서부 아비티비의 Southern Arm 구리-금 VMS 소유지에서 유도 분극(IP) 조사를 시작했습니다. Geophysique TMC에서 수행하는 이번 조사는 금속 이상 현상의 할리우드 트렌드에 중점을 두며, 2024-2025 겨울에 예정된 회사의 첫 번째 시추 프로그램을 위한 목표를 정교화하는 데 도움을 줄 것입니다.
이 소유지는 역사적인 셀바이 마인 근처에 전략적으로 위치해 있으며, 이곳은 0.96% 구리, 1.9% 아연, 0.58 g/t 금 및 40.7 g/t 은을 포함하여 5300만 톤을 생산했습니다. Southern Arm은 Bapst 단층을 따라 7.3킬로미터의 전도성 구리-금 트렌드를 보유하고 있으며, 인근의 성공적인 광산 운영과 유사한 지질을 가지고 있습니다.
이번 IP 조사는 황화물과 관련된 전하 및 저항요소의 차이를 350미터 이상의 깊이까지 파악하여, 탐사 기준을 설정하기 위한 진행 중인 표면 생물 화학 샘플링 조사와 보완할 예정입니다.
Usha Resources a lancé une enquête de Polarisation Induite (IP) sur son projet VMS cuivre-or Southern Arm dans la sous-province Abitibi au nord-ouest du Québec. L'enquête, réalisée par Geophysique TMC, se concentre sur la tendance Hollywood des anomalies métalliques et aidera à affiner les objectifs du programme de forage inaugural de l'entreprise prévu pour l'hiver 2024-2025.
Le site est stratégiquement situé près de l'historique mine Selbaie, qui a produit 53 millions de tonnes contenant 0,96% de cuivre, 1,9% de zinc, 0,58 g/t d'or et 40,7 g/t d'argent. Southern Arm présente une tendance conductrice de cuivre-or de 7,3 kilomètres le long de la faille de Bapst, avec une géologie similaire à celle des opérations minières réussies voisines.
L'enquête IP identifiera les contrastes de chargeabilité et de résistivité associés aux sulfures jusqu'à plus de 350 mètres de profondeur, complétant une enquête de prélèvement biogéochimique de surface en cours pour établir des bases d'exploration.
Usha Resources hat eine Untersuchung der Induzierten Polarisation (IP) auf seinem Southern Arm Kupfer-Gold VMS-Gelände in der nordwestlichen Abitibi-Subprovinz von Quebec begonnen. Die Umfrage, die von Geophysique TMC durchgeführt wird, konzentriert sich auf den Hollywood-Trend von Metallanomalien und wird dazu beitragen, die Ziele für das geplante erste Bohrprogramm des Unternehmens im Winter 2024-2025 zu verfeinern.
Das Grundstück ist strategisch nahe der historischen Selbaie-Mine gelegen, die 53 Millionen Tonnen mit 0,96% Kupfer, 1,9% Zink, 0,58 g/t Gold und 40,7 g/t Silber produziert hat. Southern Arm beherbergt einen 7,3 Kilometer langen, leitfähigen Kupfer-Gold-Trend entlang der Bapst-Störung, mit einer Geologie, die der benachbarter erfolgreicher Bergbauoperationen ähnlich ist.
Die IP-Umfrage wird die Ladungs- und Widerstands-Kontraste erfassen, die mit Sulfiden bis zu einer Tiefe von über 350 Metern verbunden sind, und ergänzt eine laufende biogeochemische Oberflächenprobenuntersuchung zur Etablierung von Explorationsgrundlagen.
- None.
- None.
VANCOUVER, BC / ACCESSWIRE / December 4, 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 fieldwork has commenced for an Induced Polarization (IP) survey at its Southern Arm polymetallic VMS property ("Southern Arm" or the "Property") in the metal-rich northwest Abitibi subprovince of mining-friendly Quebec (first announced by the Company on November 20, 2024). The Company has entered into an option agreement to earn
Val d'Or based geophysical contractor Geophysique TMC is conducting the IP survey, which will be focused on the Hollywood trend of metal anomalies (Fig. 1), and the results from the IP survey will be used to help refine diamond drill targets for the Company's upcoming maiden drill program, which is planned for the 2024-2025 winter season.
CEO Deepak Varshney stated: "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 experts at Geophysique TMC applied to our program. We eagerly await the results from this program and plan to apply the results of the complimentary geochemical exploration program 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."
He continued: "With negotiations for the Jackpot Lake transaction continuing, our focus in the field will remain on Southern Arm. Additionally, we have been evaluating additional opportunities to acquire copper and/or gold projects to create further shareholder value in a similar fashion. We look forward to providing shareholders updates as our strategy progresses.".
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 TMC's IP will allow Usha to identify chargeability and resistivity contrasts associated with massive or disseminated sulphides down to a depth of 350+ metres. The results of this 3D survey will be used to establish high priority targets for Usha's planned 3,000 metre maiden drill program commencing winter 2024 - 2025. The IP survey is being ran in conjunction with a surface biogeochemical sampling survey (see News Release dated November 14, 2024), that will establish a geochemical baseline for future exploration.
Figure 2 - Area map showing local area geology overlain by the location of the IP survey.
Located in the prolific Abitibi greenstone belt, Southern Arm hosts an approximately 7.3-kilometre conductive copper-gold trend along the regional-scale Bapst fault. The bedrock geology of the Property is dominated by the volcanic rocks of the Brouillan-Fenelon group, which hosts the nearby Selbaie mine (approximately 15 kilometres (km) southwest), which produced 53 million tonnes (Mt) at 0.96 per cent copper (Cu), 1.9 per cent zinc (Zn), 0.58 grams per tonne (g/t) gold (Au), 40.7 g/t silver (Ag) and Abitibi Metals's B26 deposit (approximately 16 km southwest) which hosts an indicated resource of 11.32 Mt at 2.13 per cent copper equivalent (CuEq; 1.23 per cent Cu, 1.27 per cent Zn, 0.46 g/t Au and 31.9 g/t Ag).
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.
SOURCE: Usha Resources Ltd.
View the original press release on accesswire.com
FAQ
What is the purpose of Usha Resources' IP survey at Southern Arm property?
Where is the Southern Arm property located and what are its key features?
What were the production figures of the nearby Selbaie mine?
When is USHAF planning to begin its maiden drill program at Southern Arm?
