(TheNewswire)
Vancouver, BC, Canada - TheNewswire - March 17 th , 2022 - Recharge Resources Ltd.( CSE: RR ) (CNSX:RR.CN) ( OTC: SLLTF) ( Frankfurt: SL5) (“Recharge” or the“Company”) is pleased to announce theexpansion of its portfolio of highly prospective mineral claims in its100% owned Pinchi Lake Nickel project area. The new project coversnewly discovered, highly anomalous nickelmineralization along strike to the northwest andsoutheast of its Pinchi Lake Nickel East claim block, following the 2021 exploration program that confirmed thepresence of highly anomalous nickel mineralization, along strike tothe northwest.
The new Pinchi Lake Nickel Project is totalling3,170.47 hectares (7,934.4 acres). Thisadditional project was acquired to cover important geological andmagnetic response anomalies along strike both northwest and southeastof the existing Pinchi Lake Nickel East Project. The addition of thisnew project significantly strengthens the potential for discoveryof a nickel alloy orebody. (See Figure 1. Below)
President & CEO of Recharge Resources, Yari Niekencommented: “We havesignificantly expanded our geological footprint in Pinchi Lake area tocover newly identified, highly anomalous Nickel mineralization alongstrike from our 2021 exploration program. Planning is now underway fora larger 2022 program to expand our Nickel discoveries and test thenew project areas. With current Nickel prices surging, RechargeResources is well positioned to capitalize on this vital metal for theglobal shift to electric vehicles. We will continue to explore and develop our portfolio ofbattery metals projects in highly prospective and mining friendlyregions focusing on Nickel, Lithium and Copper .”
Figure 1. Additional Projects atPinchi Lake
(Pinchi Lake Northwest Project–1875.67 hectares) (Pinchi Lake Southeast Project – 1295.07hectares)
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 projectsconsists 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. Aweritewas confirmed to be a constituent of the nickel values.
The Decar nickel project geology which lies 60 kmsouthwest is analogous suite of ultramafic intrusions are hosts towidely 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 TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Disclaimer for Forward-LookingInformation
Certain statements in this release are forward-lookingstatements, which reflect the expectations of management regardingRecharge’s intention to continue to identify potential transactionsand make certain corporate changes and applications. Forward lookingstatements consist of statements that are not purely historical,including any statements regarding beliefs, plans, expectations orintentions regarding the future. Such statements are subject to risksand uncertainties that may cause actual results, performance ordevelopments to differ materially from those contained in thestatements. No assurance can be given that any of the eventsanticipated by the forward-looking statements will occur or, if theydo occur, what benefits Recharge will obtain from them. Theseforward-looking statements reflect managements’ current views andare based on certain expectations, estimates and assumptions which mayprove to be incorrect. A number of risks and uncertainties could causeactual results to differ materially from those expressed or implied bythe forward-looking statements, including Recharge’s inability toidentify transactions having satisfactory terms or at all and theresults 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.
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