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Ultra Lithium Inc. (TSXV:ULI) has commenced drilling on its Kragujevic, Tnarva, Koceljeva, Preljina and Ladveci prospecting license in Serbia.
Ultra Lithium Inc. (TSXV:ULI) has commenced drilling on its Kragujevic, Tnarva, Koceljeva, Preljina and Ladveci prospecting license in Serbia.
As quoted in the press release:
The Company intends to drill a minimum of 6,000 meters on its Kragujevic, Tnarva, Koceljeva, Preljina and Ladveci prospecting licenses. In conjunction with the drilling, further geophysics will be performed. Follow up exploration of the Blace concession is also planned. Ultra currently holds a total of 7 prospecting licenses covering an area of approximately 643 square km.
Beijing Explo-Tech Engineering Co. has been engaged to conduct geophysical surveys over the concessions.
The Ultra Balkans Project is a joint venture between Ultra Lithium Inc. and Beijing Zairun Mining Investment Co., Ltd. (“BZMI”). BZMI has the right to earn up to a 35% interest in Ultra Balkans by funding up to $3,500,000 of exploration expenditures on the Ultra Balkans Project.
Click here to read the Ultra Lithium Inc. (TSXV:ULI) press release