The Company completed approximately 1,450 metres ('m') of diamond drilling targeting the lithium-mineralized Main Dyke.
Drill-confirmed to be more than 200 m long, up to 25 m wide and extending to a depth of at least 160 m, the expansion of the Main Dyke remains open along strike to the southeast and at depth. The geology of the host rocks and pegmatite composition at Kietyonmaki are similar to that observed in the Kaustinen region of
Highlights
High-grade lithium oxide results include: o 1.52% Li2O over 25.95 m from 33.70 m depth down hole in hole ULDH-3 and 1.45% Li2O over 29.50 m from 69.10 m depth down hole in ULDH-4.
This new drilling builds upon positive historical drill results from previous operators including: 1.53% Li2O over 23 m drilled by the
Drilling confirmed the extent of the Main Dyke to be greater than 200 m in length and extending to at least 160 m depth, while remaining open along strike to the southeast and open at depth; Percussion drilling indicates that lithium-mineralized pegmatite is present as far as 230 m southeast of the Main Dyke outcrop; Boulder sampling recovered lithium-bearing pegmatite samples ranging from 0.88% Li2O to 2.44% Li2O. Pegmatite intercepts from percussion drilling and these boulder samples are expected to be followed up in early 2024 exploration work to generate drill targets and Recently increased land package at Kietyonmaki to approximately 21,000 hectares ('ha').
Drill Program Details
The 2022-2023 drilling program at Kietyonmaki comprised 13 diamond drill holes for a total of 1,449.40 m, and the collection of 100 percussion drill hole samples completed between
Prospecting and Further Work Plans
United contractors conducted field prospecting and sampling contemporaneously with, and post-drilling across the main Kietyonmaki tenure. A total of 44 surface samples were collected, and of these, 18 were outcrop pegmatite samples and 26 were boulder pegmatite samples. Three high-grade boulders samples returned values of 0.88% Li2O, 1.37% Li2O and 2.24% Li2O. Also, some notable tantalum and tin values were identified and all occurrences. These, combined with some historically identified pegmatites, warrant follow up in a potential spring 2024 exploration program. A potential 2024 program may involve geophysical surveying, further prospecting and a soil and till geochemical and indicator mineral sampling program. More details will be shared once program design is finalized.
About
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.
Forward-Looking Statements
This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the potential of the
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; contests over title to properties; changes in project parameters as plans continue to be refined and impact of the COVID-19 pandemic. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of lithium and other metals and minerals; the demand for lithium and other metals and minerals; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contact:
Tel: 604-428-6128
Email: scott@unitedlithium.com
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