Welcome to our dedicated page for Usha Resources news (Ticker: USHAF), a resource for investors and traders seeking the latest updates and insights on Usha Resources stock.
Usha Resources Ltd. reports mineral exploration and portfolio developments as a North American acquisition and exploration company focused on critical metal properties. Its portfolio includes Southern Arm, a copper-gold VMS project in Quebec, and Jackpot Lake, a lithium brine project in Nevada.
Company updates commonly cover property acquisitions and divestitures, option and royalty arrangements, technical work on mineral claims, and capital actions such as private placements of convertible debentures. Recent corporate news also documents completed portfolio streamlining transactions, including the sale of the Rubidium Ridge pegmatite project while retaining a net smelter returns royalty, along with governance changes and public-market disclosure matters for its TSX Venture, OTCQB and Frankfurt listings.
Usha Resources Ltd. (USHAF) announced significant findings from its Lost Basin Gold-Copper Project in Arizona. The recent exploration identified a potential bulk tonnage target, paralleling Mineral Ridge deposits. Highlights include grab samples from Ideas Lode West with assays up to 45.4 g/t Au, and anomalous soil samples in Red Basin with values reaching 11.134 g/t Au. Chip samples from Copper Blowout show copper grades as high as 1.53% Cu. Further exploration plans are in place to expand these promising targets, enhancing prospects for a fall drilling program.
Usha Resources Ltd. (USHAF) announces completion of its preliminary reconnaissance program on the Eden gold claims near Tonopah, Nevada. The program, led by Helgi Sigurgeirson, involved five days of fieldwork evaluating gold and silver potential due to historical occurrences and geological prospects. The Eden Camp has a rich mining history, and initial findings suggest possible mineralization zones remain unexplored. The company plans a more extensive exploration program pending further due diligence. CEO Deepak Varshney expressed optimistic views on the prospect of delineating a gold resource in a prime mining area.