(TheNewswire)
Vancouver, BC – TheNewswire - April 4 th , 2022 - Recharge Resources Ltd.(“Recharge” or the “Company”) (CSE:RR) (CNSX:RR.CN) (OTC:SLLTF) (Frankfurt:SL5) ispleased to announce that sample results from its 100% owned PinchiLake project have exceeded the upper limit maximum of 15% forMagnesium under its current assay protocol. Recharge has ordered a newrush assay with increased maximum thresholds for Magnesium todetermine the true high grade. The Company is planning a follow-upNickel-Magnesium exploration program at Pinchi Lake, BC to furtherdefine these discovery areas.
The Company has also instructed its geological team tobegin designing a Phase 1 exploration program for its recentlyacquired “Beaver South” project contiguous to Inomin Mines Inc.(“MINE” – TSX.V) that announced recent critical mineraldiscoveries on March 29 th , 2022 at their “Beaver” Nickel-Cobaltproperty in BC, returning 252 Metres of 20.6%Magnesium, 0.16% Nickel, And 0.33% Chromium. See pressrelease.
Recharge Resources CEO and director, Yari Nieken,states, " The company isexcited about the addition of its Beaver South Nickel-Magnesiumproject in BC as well as greatly encouraged by these sample resultsfor nickel and potential for higher magnesium grades from our PinchiLake project. While we plan for the upcoming drill program at ourPocitos 1 Lithium salar in Argentina, we are excited to be advancingour entire portfolio of battery metal assets in one of the mostpromising battery metal markets in History with US President Joe Bidenmaking battery metals a critical focus for the future recentlyannouncing his intent to invoke the Defense Production Act to boostdomestic EV, storage battery metals. The time is clearly now to beinvesting in the safe supply of battery metals and Recharge is pleasedto be positioned to acquire, develop and capitalize to the benefit ofall Recharge stakeholders.”
3 Zones of Sampling at Pinchi LakeProperty
Initial Assay Results from PinchiLake Sampling
Element | Nickel | DTR Ni | Magnesium | Chromium | Cobalt |
Method | GE_ICP40Q12 | Davis Tube | GE_ICP40Q12 | GE_ICP40Q12 | GE_ICP40Q12 |
Lower Limit | 1 | 0.01 | 1 | 1 | |
Upper Limit | 10,000 | 15 | 10,000 | 10,000 | |
Unit | ppm | % | % | ppm | ppm |
C00183651 | 2224 | >15.00 | 798 | 106 | |
C00183652 | 2467 | >15.00 | 727 | 116 | |
C00183653 | 2474 | >15.00 | 730 | 117 | |
C00183654 | 2322 | >15.00 | 679 | 116 | |
C00183655 | 2288 | >15.00 | 786 | 108 | |
C00183656 | 2142 | >15.00 | 580 | 99 | |
C00183657 | 2297 | >15.00 | 586 | 108 | |
C00183658 | 2123 | >15.00 | 811 | 102 | |
C00183659 | 2171 | >15.00 | 770 | 105 | |
C00183660 | 1617 | >15.00 | 1156 | 89 | |
C00183661 | 2174 | >15.00 | 799 | 105 | |
C00183662 | 2432 | 0.007 | >15.00 | 841 | 132 |
C00183663 | 2170 | 0.005 | >15.00 | 906 | 105 |
C00183664 | 2113 | 0.002 | >15.00 | 1007 | 111 |
C00183665 | 2140 | 0.003 | >15.00 | 1117 | 107 |
C00183666 | 1962 | 0.002 | >15.00 | 1143 | 105 |
C00183667 | 2305 | >15.00 | 694 | 108 | |
C00179876 | 8 | 0.01 | 12 | 1 | |
C00179851 | 398 | 6.53 | 472 | 63 | |
C00179852 | 1568 | >15.00 | 727 | 84 | |
C00179853 | 272 | 5.38 | 202 | 59 | |
C00179854 | 124 | 2.99 | 187 | 38 | |
C00179855 | 2273 | >15.00 | 720 | 108 | |
C00179856 | 2254 | >15.00 | 634 | 108 | |
C00179857 | 2319 | >15.00 | 884 | 111 | |
C00179858 | 2187 | >15.00 | 746 | 106 | |
C00179877 | 1918 | 6.38 | 454 | 150 | |
C00179859 | 2182 | >15.00 | 718 | 108 | |
C00179860 | 1110 | 14.09 | 749 | 73 | |
C00179861 | 1687 | >15.00 | 858 | 107 | |
C00179862 | 2050 | 0.003 | >15.00 | 936 | 106 |
C00179863 | 2066 | 0.002 | >15.00 | 844 | 102 |
C00179864 | 2082 | 0.003 | >15.00 | 745 | 104 |
C00179865 | 1800 | 0.003 | >15.00 | 1005 | 98 |
C00179866 | 1727 | >15.00 | 510 | 82 | |
C00179867 | 1124 | >15.00 | 450 | 60 | |
C00179868 | 2042 | >15.00 | 676 | 97 | |
C00179869 | 1475 | >15.00 | 381 | 73 | |
C00179870 | 610 | >15.00 | 34 | 11 | |
C00179871 | 1092 | 14.81 | 198 | 53 | |
C00179872 | 2525 | .021 | >15.00 | 1005 | 117 |
C00179873 | 400 | 11.44 | 248 | 19 | |
C00179874 | 2218 | >15.00 | 683 | 109 | |
C00179875 | 2261 | >15.00 | 566 | 112 | |
C00179878 | 8 | 0.03 | 20 | 1 | |
*Dup C00179870 | 633 | >15.00 | 39 | 11 | |
*Std OREAS 601b | 6 | 0.07 | 20 | 2 | |
*Rep C00179853 | 271 | 5.22 | 212 | 59 | |
*Std OREAS 520 | 80 | 1.2 | 49 | 202 | |
*Blk BLANK | 2 | <0.01 | 3 | <1 | |
*Rep C00179872 | 2359 | >15.00 | 907 | 112 | |
*Std OREAS 601b | 8 | 0.12 | 17 | 2 | |
*Std OREAS 520 | 73 | 1.1 | 32 | 197 | |
*Blk BLANK | 2 | 0.01 | <1 | <1 |
A total of 42 rock samples were collected from the Murray RidgeProperty during the 2021 exploration programs. Rocks were placed inclear poly bags, labelled with sample identification and packed intorice bags. A chain of custody record was established and secured withthe shipment which was taken from Smithers, BC to SGS Labs in Burnaby,BC via Bandstra Transport. No issues with sample security or integritywere noted.
In the assay lab rocks were weighed, fine crushed, screened and split.Rocks were analyzed by Multi-acid (Four acid) digestion with ICP-OESfinish (SGS method ICP40Q12) for 33 elements including Ag, Al, As, Ba,Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, K, La, Li, Mg, Mn, Mo, Na, Ni, P, Pb,S, Sb, Sc, Sn, Sr, Ti, V, W, Y, Zn and Zr.
Quality control procedure was implemented for sample batches involvingthe insertion of standards and blanks. In addition to internallaboratory standards, three (3) reference material and blanks wereinserted randomly into the flow of rock sample analysis. The resultsof the control samples are within the accepted parameters foraccuracy, precision and overall performance of the certifiedmaterials. Analytical standards used were from CDN ResourceLaboratories Ltd., Langley, BC and ORE RESEARCH & EXPLORATION(OREAS), Victoria, Australia.
No internal laboratory issues occurred during the analyticalprocedures.
Nickel values locked within silicate minerals are not economicallyrecoverable with presently available technology. Davis Tube analysisis a method of magnetic separation used to determine the proportion ofnickel that occurs within awaruite, a natural nickel-iron alloy thatis easily recoverable.
A total of thirty rock samples collected from the three claims wereselected to undergo magnetic separation through Davis Tube analysisseparation by SGS Laboratories in Burnaby, BC. Samples were selectedbased on highest nickel values reported in original ICP-AES/MS assays.A 40-gram subsample was passed through the Davis Tube and agitated forfour minutes. Magnetic concentrate was then collected, filtered, driedand weighed. An approximately 10 g subsample of the Davis Tubeconcentrates was analyzed by XRF. In total 20 of the 30 samplesreported no recovered magnetic fraction indicating low quantities ofmagnetic minerals in these samples. In samples with magneticallyrecovered fractions, nickel values of the magnetic portions range from0.19 to 0.46 % nickel, with Davis Tube Recoverable (DTR) nickel valuesranging from 0.002% to 0.021%.
Samples containing magnetically recoverable nickel collected on theMurray Ridge Property appear to demonstrate elevated DTR nickel ishighest in the Pinchi Lake Nickel claim group. Of the samplessubmitted, nine from the Pinchi Lake Nickel group contained between0.002-0.007% DTR nickel.
Elsewhere on the Property overall DTR nickel values are relatively lowand only one single sample within Pinchi Mt. Nickel claims returnedsufficient magnetic fraction for analysis. The highest value of DTR Niwas collected from Pinchi Mt. Nickel Claim which returned up to 0.021%DTR from an outcrop of fine grained, strongly magnetic, andpervasively serpentinized ultramafic. None of the samples collectedfrom Pinchi Lake Nickel East claims contained sufficient magneticcontent for DTR analysis.
Qualified person
James M. Hutter, P.Geo, a qualified person as definedby National Instrument 43-101, is responsible for the technicalinformation contained in this release. Readers are cautioned that theinformation in this press release regarding the property of FPX NickelCorp. is not necessarily indicative of the mineralization on theproperty of interest.
About Murray Ridge (PinchiLake)
The Murray Ridge and Pinchi Lake nickel projects arelocated approximately 15 to 30 kilometres northwest of Fort St. Jamesand 120 km northwest of Prince George in central British Columbia. Theproject was previously explored by Nanton Nickel Corp. The projectsconsist of Five separate claim blocks totalling 7,093.11hectares (17,527.46 acres) that were carefully selectedto cover the best sampling results (greater than 0.20 per cent nickelin rocks) reported by Nanton Nickel Company in 2013 shortly after thediscovery of the Decar nickel property owned FPX Nickel Corp. Awaruitewas confirmed to be a constituent of the nickel values.
The Decar nickel project geology which lies 60 kmsouthwest is an analogous suite of ultramafic intrusions that arehosts to widely disseminated coarse grained awaruite mineralization.Compositionally, awaruite (Ni2Fe-Ni3Fe) comprises approximately 75 percent nickel, 25 per cent iron and 0 per cent sulphur, and therefore itis considered natural steel. Absence of sulphur allows a concentrateto be shipped directly to steel mills without incurring smelting andrefining costs, and minimal environmental problems. For further details on the project refer to the company’swebsite or to the company’s press release dated August 3 rd , 2021.
Pinchi Lake Nickel : https://recharge-resources.com/projects/murray-ridge-pinchi-lake/#Summary
About Recharge Resources
Recharge Resources is a Canadian mineral explorationcompany focused on exploring and developing the production ofhigh-value battery metals to create green, renewable energy to meetthe demands of the advancing electric vehicle and fuel cell vehiclemarket.
On Behalf of the Board of Directors,
“Yari Nieken”
Yari Nieken, CEO
For further information, pleasecontact:
Recharge Resources Ltd.
Mr. Joel Warawa
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com
Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the CSE) accepts responsibility for the adequacy or accuracy ofthis release.
Disclaimer for Forward-LookingInformation
Certain statements in this releaseare forward-looking statements, which reflect the expectations ofmanagement regarding Recharge’s intention to continue to identifypotential transactions and make certain corporate changes andapplications. Forward looking statements consist of statements thatare not purely historical, including any statements regarding beliefs,plans, expectations or intentions regarding the future. Suchstatements are subject to risks and uncertainties that may causeactual results, performance or developments to differ materially fromthose contained in the statements. No assurance can be given that anyof the events anticipated by the forward-looking statements will occuror, if they do occur, what benefits Recharge will obtain from them.These forward-looking statements reflect managements’ current viewsand are based on certain expectations, estimates and assumptions whichmay prove to be incorrect. A number of risks and uncertainties couldcause actual results to differ materially from those expressed orimplied by the forward-looking statements, including Recharge’sresults of exploration or review of properties that Recharge doesacquire. These forward-looking statements are made as of the date ofthis news release and Recharge assumes no obligation to update theseforward-looking statements, or to update the reasons why actualresults differed from those projected in the forward-lookingstatements, except in accordance with applicable securitieslaws.
Copyright (c) 2022 TheNewswire - All rights reserved.