Exploration To Resume At Lost Basin Gold-Copper Project

VANCOUVER - Usha Resources Ltd. has resumed exploration planning for its Lost Basin Gold-Copper Project located in Mohave County, Arizona. It is in receipt of a Notice of Exploratory Trenching that permits the excavation of 10 trenches with an average width of 3 meters and depth of 2 meters for approximately 1,420 meters in total. Based on assessment work completed since receipt of the Notice, however, the Company has determined that the next phase of work should include a core drilling program to further develop USHA's understanding of the nature of the gold-copper mineralization at Lost Basin as part of a larger follow-up core drilling program later in 2022.

"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," said, Deepak Varshney, CEO. "We look forward to continuing to build on the results of our Spring program as we continue to develop the Lost Basin asset."