Ultra Lithium Completes Geophysical Surveys on Balkans Properties; Shares Fall to Near Yr Low

By MidnightTrader.com Staff,

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Ultra Lithium Inc. (ULI.V) has completed the Audio-Magneto-Telluric surveys ( AMT ) on its Balkan Projects in the Republic of Serbia.

Independent geophysicists at BETEC are currently reviewing and compiling all of the data generated from the geophysical survey, ULI said. Preliminary interpretation of the initial AMT profiles has identified high priority targets within several of the concessions. These early results have prompted the Company to conduct follow-up AMT grid surveys (with an average density of one sample per sq km) on two high priority concessions.

The Company also initiated a sampling program to test several outcrops and corroborate samples to the underlying anomalies. We expect to receive assays in early 2013.

ULI is down half a cent to 2.5 cents, which is just above a yr low. 20,000 shares have been traded.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: AMT

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