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Be the first with the news that moves the market- United Lithium Corp. (ULTH) has mobilized crews to the Bergby Lithium near the coast of the Gulf of Bothnia in Central Sweden
- The Vancouver-based minerals explorer is about to commence a 4,000-metre diamond drill program spread across 50 holes
- The program aims to further define known lithium-bearing pegmatites through drilling along strike,
- United Lithium Corp. (ULTH) opened trading at C$0.23 per share
United Lithium Corp. (ULTH) has mobilized crews to the Bergby Lithium near the coast of the Gulf of Bothnia in Central Sweden.
The Vancouver-based minerals explorer is about to commence a 4,000-metre diamond drill program spread across 50 holes.
Bergby is a 100 per cent owned district-scale hard rock lithium project covering 108.2 sq. km. The program aims to further define known lithium-bearing pegmatites through drilling along strike, testing for potential parallel zones and down dip mineralization. Several lithium-bearing outcrops have yet to be drill tested and are primary targets to potentially expand known mineralization. The program is expected to conclude by the end of July 2023.
The company’s CEO, Scott Eldridge, explained that Bergby is located in one of Europe’s top mining jurisdictions with solid infrastructure including port, rail, highway and power access.
“Initial results from the 9,000-metre drill program completed in 2022 demonstrated very positive results including 47.75 metres of 1.34 per cent Li2O. We await the remainder of the assay results from this program and anticipate these will be announced in the coming weeks. The proposed 2023 drill program will further define known lithium mineralization and drill test several outcrops of spodumene rich pegmatite.”
United Lithium Corp. is an exploration and development company targeting lithium projects.
United Lithium Corp. (ULTH) opened trading at $0.23 per share.
