Usha Resources Completes Reconnaissance Program on Eden Project
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
www.usharesources.com
News Release
Usha Resources Completes Reconnaissance Program on Eden Project
Vancouver, British Columbia / February 11, 2021 – Usha Resource s L t d . ( “ U S H A ” o r t h e
“ C o m p a n y ” ) ( T S X V : U S H A ) ( O T C Q B : U S H A F ) is pleased to announce that the Company has
completed its preliminary reconnaissance program on the Eden go ld claims near Tonopah, Nevada. The
Company has previously announced its interest in acquiring new exploration projects in Nevada and the
Golden Triangle, two desirable mining jurisdictions.
Since its announcement, the Company has held numerous discussio ns and has completed 5 days of
fieldwork in its evaluation of the gold and silver project. The site visits were conducted by Helgi
Sigurgeirson, P.Geo., who is currently running the exploration program for the Company’s Lost Basin gold-
copper project in Arizona.
The Eden gold claims were selected due to the presence of historical reported gold occurrences, prospective
geology, and the existence of historical surface and underground workings in the claims and the surrounding
areas.
The Eden Camp has been worked si nce the early 1900s. Properties within the camp include the Nevada
Triumph, South Gold, Oro Cache, and Old Eden Properties, and th e camp is one of several mining camps
around the Kawich Range volcanic caldera, including Silverbow, Bellehelen, and Golden Arrow, where
Emgold Mining Corpora tion reported a measured and indicated res ource of 12,172,000 tonnes grading
0.024 opt Au and 0.33 opt Ag (296,500 ounces Au and 4,008,000 ounces Ag).
The Eden claims include the area of the Old Eden Mine workings, w h i c h c o n s i s t o f 2 a d i t s w i t h
approximately 1,000 m of underground development and several op en cuts. The workings explored a
segment of what is believed to the central of 3 vertical zones of mineralization that reportedly cross Little
Mill Creek at the north end of the property. Only a small part of one of these mineralized zones has been
tested by the underground workings. There is no record or evide nce of modern exploration on the claims
or within the camp as a whole.
Approximately 1,000 metres of historic workings tested a limite d section of one of the mineralized zones.
Mr. Sigurgeirson reported observi ng bladed quartz after calcite textures in material taken from the adit
dumps which is a classic epithermal texture associated with gold deposition. Zones of silicification and clay
alteration were also noted both on the surface and underground and a stope in the upper workings suggests
that minable grades were encountered there. As well as the mineralized zone explored in the main workings,
a collapsed adit indicated the location of one of the other rep orted zones of mineralization, and an area of
clay alteration and quartz vein float at the north and south ends of the property suggests other zones remain
to be found.
Upon the satisfactory completion of due diligence and a decisio n to move forward and executing an
agreement to take possession of the claims, the Company will use the conclusions and recommendations of
this initial program as the base of the planning for the next phase of a more extensive exploration program
comprising a soil survey focusing on generating additional expl oration targets, trenching and
comprehensive structural/geological mapping, and drilling in due course.
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
www.usharesources.com
"We are pleased to have secured the first right to these claims and the initial findings of our field program
at Eden. We look forward to the results of the reconnaissance p rogram," stated Deepak Varshney, CEO of
USHA. "We are actively engaged in pursuing high-value properties to add to our portfolio and we believe
the Eden claims may provide a unique opportunity to delineate a gold resource located in a world-class gold
mining district."
Sampling, Assaying, QA/QC and Data Verification
Samples were submitted to an independent assay laboratory for a nalysis. Gold was analyzed by standard
fire assay, AAS finish. One certified reference standard was inserted per 30 samples.
Qualified Person
The technical content of this news release has been reviewed an d approved by Mr. Helgi Sigurgeirson,
P.Geo., a qualified person as defined by National Instrument 43 -101 Standards of Disclosure for Mineral
Projects (“NI 43-101”).
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 increases shareholder value through the ac quisition and exploration of quality
precious and base metal properties and the application of advan ced state-of-the-art exploration methods.
Usha's portfolio of strategic properties provides diversification and mitigates investment risk.
We seek Safe Harbor.
USHA RESOURCES LTD.
“Deepak Varshney”
CEO and Director
For more information, ple ase phone 778-899-1780, email [email protected] o r v i s i t
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.
Forward-looking statements:
This news release may include "forward-looking in formation" under applicable Canadian securities
legislation. Such forward-looking information re flects management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Read ers are cautioned that such forwar d-looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
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www.usharesources.com
limited to, general business, economic, competitive, political and social uncertainties, uncertain and
volatile equity and capital markets, lack of availabl e capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company . Exploration is highly speculative in nature,
involves many risks, requires substantial expenditu res, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermo re, the Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward-looking statements will prove to be
accurate, and actual results and fu ture events could differ materially from those anticipated in such
statements.