Ultra Lithium has reported that a detailed audio-magnetotelluric (AMT) survey has been started by geophysical crews at the 643 km2 land area located in the Republic of Serbia. Data will be specifically utilized to discover prospective boron and lithium horizons and analyze basin geometry.
Seven mineral exploration licenses of the company are located in the distinct sedimentary basins all over the southern parts of Serbia.
A phase I exploration campaign includes the geophysical surveys and was specifically designed to outline drill target areas by conducting soil sampling, geological mapping and geophysical surveys.
China-based Beijing Explo-Tech Engineering Co. (BETEC) is performing geophysical surveys and analyses. The company will begin the survey over formerly mapped alteration zones and the survey will be extended to enclose the remaining part of the properties. It will complete 19 lines of AMT measurements, totaling more than 200 km in length, together with 800 AMT measuring points in the next three months.
Ultra is planning to purchase further gravity measurements in order to balance the results of the AMT survey. After the compilation and assessment of the initial results, the company will then plan for additional geophysical surveys.
According to the CEO and President of Ultra, Mar Morin, the company is expecting to quickly outline boron and lithium target areas and assess the high-potential properties located in Serbia. Ultra expects that the geophysics campaign will offer fresh significant drilling targets.