United Lithium (CSE: ULTH) has a new property on its hands. Located in South Dakota, the claims collectively are referred to as the Liberty Lithium Project, and last saw production in the 1940’s and 1950’s.
Collectively, the property consists of 500 unpatented lode claims that were staked by the company near to Custer, South Dakota. The claims cover nearly 40 square kilometres in the southwest and west portions of the Black Hills, on US Forest Service lands. Known mineralization on the property consists of spodumene lithium and beryllium, which was last mined on the claims in the 1950’s.
Both the Custer as well as the Keystone regions of the Black Hills are known for past producing lithium mines, with as much as 200,000 tonnes of lithium believed to have been mined in the region in the 1940’s and 1950’s. The claims assembled by the company are said to be near to operating pegmatite quarries, with potential mining at the Liberty property expected to be nearly identical in terms of operations.
Historically, the region has seen most pegmatite operations consist of open-pit mining methods, while some underground mines exist, with few surpassing depths of 70 metres.
Sponsored · Antimony Resources
“The Liberty Lithium Project was generated using the knowledge of our team, allowing us to stake open ground with historic lithium production on and adjacent to our claims. Most historic mining occurred from the 1870’s to the 1950’s without modern production or exploration methods. We are excited at the opportunity to do systematic exploration using modern techniques. We expect that our consolidation of claims in the Liberty Lithium Project will lead to meaningful discoveries of spodumene that may support the growing demand for lithium to supply the North American battery and Electric Vehicle markets,” said CEO Michael Dehn.
Going forward, United Lithium currently plans to conduct detailed geological mapping and rock chip sampling. To this end, a reconnaissance rock chip sampling program was conducted at the time of staking, with assay results having been sent in to the lab already. Future drilling is planned for the property, once anomalies are well defined.
United Lithium last traded at $0.36 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.
