Usha Resources Provides Update on its Fall 2021 Exploration Program at its Lost Basin Project
Suite 400, 725 Granville Street, Vancouver, British Columbia V7Y 1H5
www.usharesources.com
News Release
Usha Resources Provides Update on its Fall 2021 Exploration Program at its Lost Basin Project
Vancouver, British Columbia / July 15, 2021 – Usha Resources Lt d. (“USHA” or the “Company”)
(TSXV: USHA) (OTCQB: USHAF) is pleased to provide an update on its Fall 2021 exploration program
at the Lost Basin Gold-Copper Project located in Mohave County, Arizona.
The Company is in receipt of a Notice of Exploratory Trenching that permits the excavation of 10 trenches
with an average width of 3 metres and depth of 2 metres for app roximately 1,420 metres in total. The
trenches will be utilized to cha nnel sample across key minerali zed sections on the property including the
Copper Blowout – Red Basin area where USHA’s spring fieldwork identified the following:
Red Basin: Highly anomalous soil samples were identified with 1 0 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 program will be completed over a period of four weeks and w ill also include soil sampling, geologic
mapping, and rock sampling of these areas and other areas of in terest 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.
"We are extremely excited to continue our exploration at the Lost Basin property," stated Deepak Varshney,
CEO of USHA. “We are excited to n ot only develop the gold prospects at Lost Basin, but also our copper
targets as the copper story gathers increasing interest as dema nd for ‘green’ metals increases due to
electrification. Our exploration team is focused on continuing a systematic approach and we look forward
to the results of our next phase of exploration as we continue to develop the Lost Basin asset."
Suite 400, 725 Granville Street, Vancouver, British Columbia V7Y 1H5
www.usharesources.com
Suite 400, 725 Granville Street, Vancouver, British Columbia V7Y 1H5
www.usharesources.com
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
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.