VANCOUVER, British Columbia–(Newsfile Corp. – April 26, 2023)- US Critical Metals Corp. (TSXV: USCM) (OTCQB: USCMF) (FSE: 0IU0) (“USCM” or “company“) provides an update on efforts to allow up to 2,000 meters of diamond drilling and the Clayton Ridge Lithium Property (“Clayton Ridge” or “planThe project is located in Esmeralda County, Nevada and spans a total of approximately 3,600 acres within the Clayton Valley region, the only lithium-producing region in the United States. (i) the project will require him to drill 1,500 meters; (ii) to the estate agent he will pay US$75,000 in cash; (iii) to the estate agent will be issued 500,000 shares of common stock of the Company. USCM will acquire his 100% interest in Clayton Ridge, which is located in a volcanic region above Clayton Valley and is strategically located near Century Lithium Corporation and Norum Lithium Corporation. sauce Formation of lithium within the lower valley system, as the origin of lithium in this region is volcanic in nature.
USCM is Westland Engineering & Environmental Services, Inc. (“Westland“) and submit a notice (“Neu“) Bureau of Land Management (“BLM“) permits a Phase 1 diamond drilling program to test the most compelling targets identified to date, as outlined in the location diagram shown below. contains up to 14 diamond-drilled holes.The program tests claystone to depths of up to 250. It measures meters and provides valuable information such as the thickness and grade of lithium-containing units.
Mapping at Clayton Ridge shows large areas of lithium-bearing claystones and volcanic tuffs, suggesting a wide lateral extent of mineralization. Mineralized zones are spread throughout the property in discrete areas covering surface areas up to 0.5 km x 1.0 km. All sections suggest that the mineralized unit extends eastward, with open mineralization in that direction. Anomalous lithium samples from previous sampling and mapping campaigns of fallout tuff may add significant thickness to mineralized packages on site. Sometimes it reaches over 200 meters.
This initial stage involves placing a shallow east-tilting lithium-containing unit with a west-tilting angle hole to determine the thickness of the unit and establish a bed of lithium-containing composites, as shown in the cross-section below. Intended for testing. This is Clayton Ridge’s first drilling program and over the course of the program it is expected that the borehole depth, heading and slope will be adjusted to accommodate new data from previous boreholes. The cross-sections presented here will also be revised as more data becomes available during the drilling campaign. Nevertheless, it is important to emphasize that there are multiple additional targets within the land package. USCM plans to test these targets in future drill programs.
Each drill hole target group is summarized as follows:
- Targets A through G: Designed to test the property’s southern units that produced the highest sample grades (up to 950ppm Lithium). The mapping estimates a total potential thickness of the lithium bearing unit of up to 200 meters. The target appears petrologically controlled with up to five lithium-bearing units. These lithium-bearing units consist of airfall tuff, rhyolite tuff, water-deposited tuff, claystone, and siltstone.
- Targets H through K: Designed to test the central portion of the property, overlaid on the old dolomite rock in the middle of the property. These lithium-bearing units also include airfall tuff, rhyolite tuff, water sedimentary tuff, claystone, and siltstone.
- Targets L to N: Designed to test rock chip anomalies to the north and potentially extend mineralization in that direction. These holes are drilled when the available obstruction area permits.
Figure 2
Management commentary
Darren Collins, USCM Chief Executive Officer and Director, commented: Some of the projects identified to date based on grade and unit dimensions. Completion of this drill program and required payments will result in the company having a 100% interest in Clayton Ridge. It occupies an elevated basin to the east of the Clayton Valley deposit and is subject to geological processes similar to those of the valley and surrounding lithium deposits. We look forward to drilling these targets as soon as possible. “
QP statement
Robert J. Johansing, BSc (Geology), MSc (Economic Geology), Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“QP”), Robert J. Johansing , mapped the clay layers of Clayton Ridge. He defines the geological environment and the existence of the indicated mineralization. Scientific and technical information contained in this news release has been reviewed and approved by QP. Robert J. Johansing is our consultant.
project overview
Clayton Ridge Lithium Property (“projectt”) is a lithium claystone deposit located in Esmeralda County, Nevada, east of the Clayton Valley, the only lithium-producing area in the United States. Located within a topographic wetland between the Montezuma Mountains and Clayton Ridge in Silver Peaks, Nevada. The project is one of several lithium projects in the region.In addition to the only operating lithium producer in the United States (Albemarle), the Clayton Valley and surrounding , early to late stage exploration (Noram Lithium, Pure Energy, , American Lithium, Ioneer Ltd., Cypress Development, Spearmint Resources).
About US Critical Metals Corp.
USCM focuses on mining projects that will further secure America’s supply of critical metals and rare earth elements essential to fueling the new-age economy. Pursuant to option agreements with private companies in Canada and the United States, USCM’s assets consist of his four contracts, each of which gives his USCM an interest in five of his discoveries-focused projects in the United States. provide rights. These projects include the Clayton Ridge Lithium Project in Nevada, the Sheep Creek Rare Earth Project in Montana, the Haynes Cobalt Project in Idaho, the Lemipass Rare Earth Project in Idaho, and the Long Canyon Uranium Project in Idaho. included. A significant proportion of the world’s supply of important metals and rare earths comes from countries with interests contrary to those of the United States. USCM intends to explore and develop mineral resources of short-term and long-term strategic value to advance United States interests.
For more information, please contact:
Darren Collins
Chief Executive Officer and Director
US Critical Metals Corp.
Phone: 1-786 633-1756
www.uscmcorp.com
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Forward-Looking Information Disclaimer
This news release contains certain information that may be considered “forward-looking information” about the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results, performance or performance, or industry developments. may differ materially from the expected results, performance or achievements expressed or implied by such forward-looking statements. looking for information. Forward-looking information is not historical fact and generally, but not always, includes the following: “expect,” “plan,” “expect,” “believe,” “intend,” “estimate.” , includes statements identified by the word “predict”. “Potential” and similar expressions or expressions that an event or condition “will”, “could”, “could”, “could” or “should” occur. Forward-looking information contained in this press release includes, but is not limited to, expectations that drilling permits will soon be obtained. The Company expects to complete his 100% acquisition of the project in 2023. Exploration plans and expected exploration results for the project, operational results, and expected financial performance of the company.
Although we believe that the forward-looking information contained in this news release is reasonable based on the information available as of the date hereof, the forward-looking information, by its nature, contains assumptions, known and involve unknown risks, uncertainties and other factors that may cause actual results. that the results, level of activity, performance or achievements or other future events will differ materially from any future results, performance or achievements expressed or implied by such forward-looking information;
Examples of such assumptions, risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties relating to general economic conditions. Covid-19 Pandemic. adverse industry events; receipt of required regulatory approvals and the timing of such approvals; maintaining good relations with the communities in which we do business or propose to do business; future legislative and regulatory developments in the mining sector; our ability to access sufficient capital from internal and external sources and/or our inability to access sufficient capital on favorable terms; Canadian and General Mining and Markets. our ability to implement our business strategy; competition; any of the assumptions may prove valid or unreliable, leading to the delay or suspension of planned work. inconsistent with our expectations and other assumed risks and uncertainties applicable to mineral exploration and development activities and our company, including those set forth in our public documents filed on the Site; www.sedar.com.
The forward-looking information contained in this press release represents USCM’s expectations as of the date of this press release and, therefore, is subject to change after that date. Readers should not place undue weight on forward-looking information or rely on this information as of any other date. USCM may choose to update this information except as required by applicable law, but USCM makes no commitment to update at any particular time.
