Drill Contractor Secured For Lost Basin Gold-Copper Project

VANCOUVER – Usha Resources Ltd. has executed a drilling contract for its upcoming maiden drill program at the Lost Basin Gold-Copper Project located in Mohave County, Arizona. The Company intends on completing a reconnaissance visit by its personnel and the drilling contractor in the coming weeks to review drill sites after which it will commence with the construction of access roads and drill pads in preparation for drilling. It has elected to proceed with diamond core drilling for its maiden program to better understand the lithological and structural data at the Site. The Company plans to drill 1,500 meters over two phases with the results of the maiden program being used to delineate a larger follow-up drill campaign. The first phase of the drilling program will be part of a larger work program that will include trenching, soil sampling, chip sampling, and further prospecting that is anticipated to be completed over approximately 40 days.

“Advancing the gold and copper stories at Lost Basin is a primary objective of ours as we move into 2022 and we are extremely excited to continue our exploration at the property,” stated Deepak Varshney, CEO. “The property is a unique exploration and development opportunity in a top-tier mining jurisdiction that has largely escaped systematic modern exploration. Lost Basin offers a number of compelling attributes that you like to see prior to drilling – favorable geology, strong assays from initial sampling, and participation in what is becoming a very active exploration camp. This program is going to jumpstart what will be a very active year for us across a portfolio that includes copper, nickel, cobalt and gold – it’s going to be a busy and exciting year.”