Ultra Lithium Begins Exploration in Argentina, Appoints Project Team and Incorporates Argentine Subsidiary
September 06 2017 - 8:00AM
Ultra Lithium Inc. (TSX-V:ULI) (“Ultra Lithium” or “the Company”)
is pleased to announce that it has started the first phase
exploration program at its Argentinian brine lithium properties and
appointed the project team for its operations in Argentina. The
Company has also incorporated a wholly owned subsidiary, ULTRA
ARGENTINA S.R.L.
The first phase of exploration is comprised of drilling short
holes down to a depth of 3-5 m below surface to obtain brine
samples at suitable locations. Its purpose is to assess the
potential of each claim block and prioritize the next phase of
exploration work.
The Company is also pleased to announce the appointment of the
following personnel to its Argentine project team:
Mr. Juan Orozco – Exploration Manager of Argentine Operations:
Mr. Orozco is an exploration geologist with over 20 years’
experience in mineral exploration and mining in Argentina. Mr.
Orozco was Director and Manager for South America of Uranio del Sur
S.A, a subsidiary of Uranio A.G. He worked at Rome Resources Ltd..,
La Plata Gold Corp., Jinshan Minera S.A, CGS Chinese Geological
Service, among other mining companies where he was responsible for
generation and management of mining projects, community relations
and prospecting.
Mr. Luis Manuel Alvarez – Advisor to Catamarca Operations: Mr.
Alvarez holds a degree in economics, and has held various advisory
positions with the provincial government of Catamarca and mining
companies. He also worked as professor in the faculty of Economics
and Administration in the University of Catamarca, and as Under
Secretary of Industry and Commerce with the Government of
Catamarca. Mr. Alvarez is the vendor of the brine lithium
properties held by the Company and will assist in permitting and
community relation.
Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “The Company
is very pleased with the progress of the Argentine operation,
especially with the strength of the operational team. It is a major
milestone as we move forward with the Company’s exploration
program. The completion of the first phase of the exploration
program will help optimize further exploration of our large land
package in Catamarca Province”.
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”
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 holds
brine exploration properties in Catamarca, Argentina and Nevada,
USA and hard rock spodumene type lithium property in Ontario,
Canada.
For further information, please contact the Company at:
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.
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