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.
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.
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