United Lithium Stakes Patriot Lithium Project In Colorado
United Lithium (CSE: ULTH) has added to its lithium land claims within the United States. The firm this morning indicated it has staked a large land position near Ohio City in Colorado, consisting of historical lithium pegmatite production.
Nearly 25 square kilometres of property has been staked, consisting of over 300 unpatented lode claims within Gunnison County, where historic lithium-beryllium production has occurred. Referred to as the Patriot Lithium Project, the property is said to host numerous occurrences of pegmatite bodies.
The property is broken up into three separate claim blocks, found between Parlin and Ohio City in Colorado. The staked claims are found on public lands managed by the US Forest Service, with the claims separated by a highway right-of-way.
“We are planning an integrated exploration program to evaluate the Ohio City area land holdings. The program will include local area detailed geologic mapping and additional rock chip sampling. With anomalies well-defined, targets with be drilled in the coming year when permits and contracts are in place,” commented United Lithium CEO Michael Dehn.
A rock chip sampling program has reportedly already occurred across the property, the results of which are currently awaiting assays. A total of 243 samples were collected from outcrops, which will now undergo geochemical analyses.
United Lithium last traded at $0.235 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
