United Lithium Begins Drilling Kietyönmäki Lithium Property

Exploration is again underway for United Lithium (CSE: ULTH) at their Finnish lithium project, referred to as Kietyönmäki. The company this morning revealed that a small drill program is about to get underway, with the potential for expansion should the results prove positive.

The Kietyönmäki property is set to be subject to a ten hole drill program, which is classified as a “first stage” program. Each hole is expected to be drilled to a depth of approximately 100 metres on average. Additionally, a bedrock surface sampling program of lithium pegmatite will also be undertaken, which is expected to collect 250 different samples.

The goal of the program is to prove enough data for the company to model a mineralized body in excess of 500,000 tonnes, which it aims to have a grade greater than 1.0% Li2O. The program also will look to confirm current geological data collected for the property.

If successful, the company indicated that up to an additional 400 metres could be drilled under the program.

The company also indicated that the Kietyönmäki lithium property has more than doubled in size, with 535 hectares of claims being recently added to the property. This brings the total size of the lithium property to 900 hectares.

United Lithium last traded at $0.265 on the CSE.

FULL DISCLOSURE: United Lithium is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover United Lithium on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Leave a Reply