United Lithium Sees 508 Claims Staked In South Dakota Validated By BLM

United Lithium (CSE: ULTH) this morning received positive news from the US Bureau of Land Management. The firm has seen its 508 unpatented claims staked in Custer, South Dakota confirmed as being valid, with the claims referred to as the Liberty Lithium Project.

The claims were staked in a region known for historically mining lithium-cesium-tantalum pegmatites, and at the time of production the region was the largest producer of beryllium within the US. The company is currently working on the belief that a high probability exists that there remains opportunity for the discovery of extensions of previously mined lithium pegmatites as well as new discoveries.

In terms of exploration, 226 rock chip samples have been collected from the property, with assay results indicating there are several areas containing high lithium, beryllium, tin and caesium concentrations. Three zones have been identified on the property as a result, which are near to four historical mines on the property. Additional follow-up is set to occur on these as well as on new targets that were identified.

READ: United Lithium Begins Drilling Kietyönmäki Lithium Property

The claims staked currently cover an area of approximately 40 square kilometres. The validation of a further 220 claims staked in the region is currently pending.

United Lithium last traded at $0.255 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.

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