Vancouver, British Columbia – United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”) is pleased to announce that drilling has commenced at the Kietyönmäki lithium project (“Kietyönmäki” or the “project”) in Finland. A first stage 10 hole drill program is planned, with holes averaging 100m in length. The aim of the drill program is to confirm current geological knowledge of the project as well as to provide enough geological data to model a mineralized body exceeding 500,000 tonnes with a grade of greater than 1% Li2O. If drill results are encouraging, a follow up drill program of 400 m can be commenced. The immediate surrounding of the Kietyönmäki Li-pegmatite will be further explored with a bedrock surface sampling program of 250 sample points.
Figure 1: Previous drilling and sampling in the area of the Main Dyke of the Kietyönmäki lithium project
The Company also is pleased to announce that it has added an additional 535 hectares to the Kietyönmäki lithium project. This brings the total land area to 900 hectares for the project.
Figure 2 Location of the Kietyönmäki project area
Figure 3 Kietyönmäki Exploration claims and reservation
Figure 4 Planned drillhole collar points
During recent field work completed at Kietyönmäki, 45 bedrock and boulders samples have been selected for analysis. Results will be reported once completed.
Figure 5 Very local pegmatite boulder
Figure 6 Pegmatite cutting through host rock amphibolite at the Kietyönmäki lithium project
The Company is active on multiple high potential lithium projects in both Europe and North America, with a view to being a long-term sustainable supplier of lithium to the rapidly growing lithium-ion battery market.
Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the scientific and technical information in this press release.
On Behalf of The Board of Directors
President, Chief Executive Officer and Director
About United Lithium Corp.
United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development and production opportunities.
The Company’s consolidated financial statements and related management’s discussion and analysis are available on the Company’s website at https://unitedlithium.com/ or under its profile on SEDAR at www.sedar.com.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.