Usha Resources Announces Commencement of Drilling at the Nicobat Nickel-Copper-PGE Project
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
www.usharesources.com
Usha Resources Announces Commencement of Drilling
at the Nicobat Nickel-Copper-PGE Project
Vancouver, British Columbia / October 13, 2020 – Usha Resources Ltd. (“USHA” or the “Company”)
(TSXV: USHA) (OTCQB: USHAF) is pleased to announce the commencement of its fully funded drilling
program at its Nicobat nickel -copper-PGE project located in Dobie Township, Northwest Ontario with
Asinike Drilling of Naotkamegwanning First Nation as the drill ing contractor. The Property lies 21
kilometres south of New Golds’ Rainy River Mine in the Rainy River Greenstone Belt that forms the
southern part of the Wabigoon Subprovince.
The Property covers a lobate arm along the southwest margin of the differentiated Dobie Intrusive complex.
The complex hosts a number of sulphide zones with the Nico 1 Showing Cu‐Ni mineralization the target of
the current work program.
Previous drilling has identified a number of ‘high grade shoots’ within a large body of disseminated
sulphides. Historical drill hole A‐04‐15 intersected from the surface to 63.75 meters averaging of 1.05%
USHA RESOURCES LTD.
NICOBAT PROPERTY
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
www.usharesources.com
nickel and 2.18% copper (note that the true width of A‐04‐15 is materially narrower than the drill hole
intersection).
The initial phase of the exploration program in October will be approximately 6 drill holes totalling an
estimated 1,400 m. The drill holes are targeting below the positive results from A‐04‐15 and will further
define the near-surface geometry of the plunging high-grade mineralization and test for its continuation.
Deepak Varshney, Usha’s CEO stated, "We are very excited to be able to launch our maiden drill program
at the Nicobat Project. We believe the previous drilling was just scratching the surface in terms of the
potential and this upcoming drill program is the first step in realizing the Nicobat Project's true potential.
We are very fortunate that Andrew Tims will be helming this project for us.
As an exploration geologist with over 30 years of experience , including significant time in the Kirkland
Lake-Timmins and Red Lake gold camps plus the Wabigoon area of Northwest Ontario where Usha
Resources' Nicobat Project is located, Andrew knows what it takes to lead a successful exploration project.
He is a world-class geologist with proven success in the area – there is a reason why he has been part of
successful teams at Cyprus Canada, Hemlo Gold Mines, and Rainy River Resources – and we could not
think of a better fit to be leading this project for us.”
Qualified person
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
www.usharesources.com
The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo.,
a qualified person as defined by National Instrument 43 -101 Standards of Disclosure for Mineral
Projects (“NI 43-101”).
We seek Safe Harbor.
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 Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County,
Arizona, U.S.A.
USHA RESOURCES LTD.
“Deepak V arshney”
CEO and Director
Forward-looking statements:
This press release may include forward -looking information within the meaning of Canadian securities
legislation, concerning the business of the Company. Such information can generally be identified by the
use of forwarding -looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”,
“believe” and “continue” or the nega tive thereof or similar variations. Forward -looking information is
based on certain key expectations and assumptions made by the management of the Company. Although
the Company believes that the expectations and assumptions on which such forward -looking information
is based on are reasonable, undue reliance should not be placed on the forward -looking information
because the Company can give no assurance that they will prove to be correct. Forward-looking statements
contained in this press release are made a s of the date of this press release. The Company disclaims any
intent or obligation to update publicly any forward -looking information, whether as a result of new
information, future events or results or otherwise, other than as required by applicable securities laws.
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.