Usha Resources Announces Change in Directors
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www.usharesources.com
News Release
Usha Resources Announces Change in Directors
Vancouver, British Columbia / August 25, 2021 – Usha Resources Ltd. (“Usha” or the “Company”)
(TSXV: USHA) (OTCQB: USHAF) is pleased to announce the appointment of Adrian Smith as a director
of the Company, effective immediately.
Mr. Smith is currently the CEO of ArcPacific Resources Corp. and President and director of M3 Metals
Corp. Mr. Smith is a professional geologist with over a decade of experience in the capital markets and
mineral exploration and development sector. He has successfully executed multiple exploration programs
and corporate strategies, including the acquisition, development and optioning of the Mohave Gold project
in Arizona, USA during his time as CEO of M3 Metals Corp.
The Company also announces the resignation of Brian Moore as a director of the Company. The Company
wishes to thank Mr. Moore for his contribution s to the Company and wishes him the best in his future
endeavors.
Mr. Smith will assist in the de velopment of USHA’s Lost Basin gold -copper project (the “Lost Basin
Property”) in Mohave County, Arizona and the Green Hills copper -cobalt project (the “Green Hills
Property”) in Silver Bow and Madison Counties, Montana.
About Green Hills
The Green Hills Property is located within Silver Bow and Madison Counties, 32 kilometres south of Butte,
Montana and is comprised of 65 Federal Unpatented Lode Claims that total over 1,342 acres.
The various claims comprising the Property have over 10,000 metres of his torical drilling, including by
majors such as BHP, Cominco, Homestake, Phelps Dodge and Rio Tinto. Significant drill and trench results
include:
• 1.2% copper, 0.036% cobalt, and 200 ppb gold over 11.7 metres of massive sulfides in DH WCC-4
• 0.15% to 0.3% cobalt and up to 1.14% copper over 96.3 metres in DH K -1 (note, only 1 ft was
assayed for every 10 ft)
• 1.8% copper and 450 ppb gold over 1.25 metres in DH PD-1
• 19.0% zinc over 0.7 metres in DH M-1
• 19.8% zinc over 0.4 metres in DH 79-1
• Up to 4.7% copper, 0.07% cobalt, and 2.3 g/t gold in trenches advanced by BHP-Utah
Recent airborne geophysical survey work (Geotech’s Helicopter Borne VTEM) has delineated a series of
high-priority electromagnetic anomalies within the Property (often indicative of sulphide mineralization),
and numerous major and minor structures, which require follow-up exploration and possibly drilling. The
Company’s plan over the coming months is to build on the geophysical work completed through further
geophysical mapping and interpretation, sampling, and other techniques in order to launch a comprehensive
drill program with the goal of completing a maiden resource at one or more areas.
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About Lost Basin
The Lost Basin Property is located within the Lost Basin Mining District in Mohave County, Arizona and
is comprised of 133 mineral claims that total over 5,000 acres . Recent work completed by the Company
has identified the following:
• Red Basin: Highly anomalous soil samples were identified with 10 samples assaying over 0.2 g/t
Au and as high as 11.134 g/t Au.
• Copper Blowout: 4 chip samples assayed above 1% Cu and as high as 1.53% Cu over 2 m.
• Mallory’s Trench: Chip samples yielded gold values as high as 2.6 g/t Au over 2 m.
The Company’s plan over the coming months is to build on the existing work by completing a trenching
program over a period of four weeks that will also include soil sampling, geologic mapping, and rock
sampling of these areas and other areas of interest at Lost Basin, including the Ideas Lode West vein where
grab samples assayed as high as 45.4 g/t Au.
The primary objective of exploration will be to further develop USHA’s understanding of the nature of the
gold mineralization at Lost Basin as it continues to develop targets for a follow-up core drilling program in
2021.
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC,
Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on
deposits located in North America . Usha increases shareholder value through the acquisition and
exploration of quality precious and base metal properties and the application of advanced state -of-the-art
exploration methods. Usha's portfolio of strategic properties provides di versification and mitigates
investment risk.
USHA RESOURCES LTD.
“Deepak V arshney” CEO and Director
For more information, please phone James Berard, Investor Relations, at 778-228-2314, email
[email protected],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.