Assay Results Confirm Lithium and Rare Metals on Zigzag Lake Property
ULTRA LITHIUM INC.
Suite 507 – 700 West Pender Street Vancouver, BC V6C 1G8 Telephone: (604) 669-9788 Fax: (604) 669-9768
ASSAY RESULTS CONFIRM LITHIUM AND RARE METALS ON ZIGZAG LAKE PROPERTY
April 22, 2010 TSX-V: ULI
Vancouver, B.C., April 22, 2010 – Ultra Lithium Inc. (TSX-V: ULI) (“Ultra” or “the Company”) is pleased to announce assay results from grab and channel samples taken from its Zigzag Lithium/Rare Metals property (the “Property”) under option to Canadian Orebodies (“Orebodies”) Inc..
Zigzag Property Overview
The Zigzag property was acquired on the basis of Ontario Geological Survey open file report 6099. It describes the lithium and tantalum potential of the area and notes several occurrences within the Zigzag property.
For example:
Ontario Geological Survey, Open File Report 6099, Fertile Peraluminous Granites and Related Rare- Element Mineralization in Pegmatites, Superior Province, Northwest and Northeast Ontario: Operation Treasure Hunt by F.W. Breaks, J.B. Selway and A.G. Tindle2003, stated on page 56, that individual analysis of manganotantalite from the Tebishogeshik Lens 3 located on the Zigzag property exceeded 80 wt % Ta2O5 and were amongst the highest documented in lithium-rich pegmatite of Ontario.
In addition to the favourable reported Li2O results below, historical highly anomalous tantalum and cesium values are notably widespread on the property and indicate a high potential for zoned, complex-type pegmatites enriched in tantalum and cesium. Complex-type pegmatites are excellent targets for economic deposits of lithium, tantalum, cesium and rubidium such as the Tanco pegmatite mine in Manitoba.
Zigzag Sampling Overview
There were a total of seven grab and six channel samples were collected during Orebodies preliminary recognisance work on the Zigzag property, which have yielded anomalous lithium and rare metals from 2 of the historic showings on the Zigzag property were confirmed.
Highlights
- Grab samples from the Dempster East showing on the Zigzag property have yielded significant lithium and rare metals values in individual samples of up to:
1.89% Li2O, Be 172 ppm, Cs 986 ppm, Ga 77 ppm, Rb 4,990 ppm, Ta 490 ppm
- Several of the grab samples taken from the Dempster East showing exceeded the upper detection limits for both Tantalum (>100 ppm) and Cesium (>500 ppm).
- Channel Samples across the Ketchican Beryl showing have yielded significant Beryllium values that exceeded the upper detection limit (>1,000 ppm) Be over 0.75 meters
TABLE 1 – HIGHLIGHTED GRAB ASSAYS FOR DEMPSTER EAST SHOWING
| Sample # | Li20 (%) | Rb (ppm) | Be (ppm) | Cs (ppm) | Ga (ppm) | Ta (ppm) | Nb (ppm) |
|---|---|---|---|---|---|---|---|
| H181056 | 1.89 | 3,020 | 172 | 552 | 77 | 207 | 96.5 |
| H181052 | 1.55 | 2,310 | 164.5 | 442 | 53.7 | 56.3 | 52.4 |
| H181055 | 1.53 | 3,400 | 66.8 | 986 | 58.5 | 192 | 47.8 |
(Grab samples are selective by nature and are unlikely to represent future average grades on the property.)
TABLE 2 – HIGHLIGHTED CHANNEL ASSAY FOR DEMPSTER EAST SHOWING
| Channel # | Width (m) | Li20 (%) | Rb (ppm) | Be (ppm) | Cs (ppm) | Ga (ppm) | Ta (ppm) | Nb (ppm) |
|---|---|---|---|---|---|---|---|---|
| 06 | 1.52 | 1.07 | 2,427 | 130.5 | 2.67.8 | 56.3 | 136.5 | 56.0 |
TABLE 3 – HIGHLIGHTED CHANNEL ASSAY FOR KETCHICAN BERYL SHOWING
| Channel # | Width (m) | Be (ppm) | Rb (ppm) | Cs (ppm) | Ta (ppm) | Nb (ppm) |
|---|---|---|---|---|---|---|
| 02 | 1.6 | >783.2 5** | 840.93 | 77.2 | 35.3 | 84.0 |
** Sample contains a 0.75 m interval with >1,000 ppm Be. The weighted average was calculated with an assumed value of 1,000 ppm Be.
Orebodies has an option to acquire an 80% legal and beneficial interest in the property (subject to a 2% NSR, 50% of which may be purchased by Orebodies for $1,000,000) by making scheduled cash payments totalling $100,000, issuing 650,000 common shares of Orebodies to Ultra and incurring aggregate exploration expenditures of $350,000 on the project over a three year period. The Property in total consists of 129 claim units comprising 2,064 hectares, located approximately 60 km northeast of Armstrong, Ontario.
The technical information provided in this news release was reviewed by Mr. Don Hains, P. Geo., who is an independent consultant to Orebodies and a qualified person pursuant to National Instrument 43- 101.
See also Canadian Orebodies (TSX-V:CO).
Ultra Lithium Inc. is a Canadian junior mining exploration company with a focus in lithium and rare earth metals. The Company is committed to evaluating, developing and acquiring projects with potential for high return on investment.
We seek safe harbour.
On behalf of the board of directors, ULTRA LITHIUM INC.
Per: “Tony M. Ricci”
President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Suite 507 – 700 West Pender Street, Vancouver, BC, V6C 1G8, Telephone: (604) 669-9788.