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Usha Resources Announces Induced Polarization Survey Ahead of Maiden Drill Program at the Southern Arm Copper-Gold VMS Property
Figure 1 - Bedrock geology and regional mineral occurrences associated with the synvolcanic Brouillan Complex, Geology after SIGEOM, 2024.
In the northwest Abitibi subprovince, mineral occurrences are associated with felsic volcanic rocks and regional-scale synvolcanic faults (Fig. 1). The synvolcanic Bapst Fault (Faure, 2011) transects the Southern Arm property, and within this area, the sparse historic drill logs record felsic volcanic stratigraphy, alteration assemblages and widespread metal anomalies that are prospective for polymetallic VMS formation, within a similar geologic setting as the neighbouring historic Selbaie mine (Fig. 1). These results have not been followed up due to the Property's till cover, however the use of TMC's IP will allow Usha to identify chargeability and resistivity contrasts associated with massive or disseminated sulphides down to a depth of 350+ m. The results of this 3D survey will be used to establish high priority targets for Usha's planned 3,000 metre maiden drill program commencing winter 2024 - 2025. The IP survey is being ran in conjunction with a surface biogeochemical sampling survey (see News Release dated November 14, 2024 ), that will establish a geochemical baseline for future exploration.
Figure 2 – Area map showing local area geology overlain by the location of the IP survey.
Located in the prolific Abitibi greenstone belt, Southern Arm hosts an approximately 7.3-kilometre conductive copper-gold trend along the regional-scale Bapst fault. The bedrock geology of the Property is dominated by the volcanic rocks of the Brouillan-Fenelon group, which hosts the nearby Selbaie mine (approximately 15 kilometres (km) southwest), which produced 53 million tonnes (Mt) at 0.96 per cent copper (Cu), 1.9 per cent zinc (Zn), 0.58 grams per tonne (g/t) gold (Au), 40.7 g/t silver (Ag) and Abitibi's B26 deposit (approximately 16 km southwest) which hosts an indicated resource of 6.97 at 2.94 per cent copper equivalent (CuEq; 1.32 per cent Cu, 1.80 per cent Zn, 0.60 g/t Au and 43 g/t Ag).
"We are excited to apply the experience of international geophysical experts at Geophysique TMC to our exploration program at the Southern Arm property" stated CEO Deepak Varshney .
He continued: "The lack of outcrop exposures and complex glacial history in the northwest Abitibi make exploration difficult, but we are confident that Usha is applying the optimal techniques to this ground that give us the best chance of turning historic indications into the Abitibi's next major discovery."
The technical content of this news release has been reviewed and approved by Mr. James Macdonald , P.Geo., a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionors were reviewed by the qualified person. The information provided has not been verified and is being treated as historic non-compliant intercepts.
Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC , Usha's portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS project in Quebec , Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its growing portfolio of hard-rock lithium assets. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.
For more information, please call 778-899-1780, email info@usharesources.com or visit www.usharesources.com .
Gaillard, N. (2021) Assessment Report, Grasset Property, Biogeochemistry, Summer 2021; Wallbridge Mining, GM72469, 86pp.
St-Cyr, R. (2021) Black Spruce Bark Campaign Report – Adam Project; Midland Exploration, GM72086, 166 pp.
Probe Gold (2024) Probe Metals And Midland Exploration Commence Drilling To Test New High Priority Targets South Of Fenelon On The Detour Gaudet-Fenelon JV Project; Retrieved from < https://probegold.com/news/probe-metals-and-midland-exploration-commence-drilling-to-test-new-high-priority-targets-south-of-fenelon-on-the-detour-gaudet-fenelon-jv-project/ > on July, 29, 2024
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