(TheNewswire)
Vancouver, BC – TheNewswire - March 30 th , 2022 - RechargeResources Ltd. (“Recharge” or the “Company”) (CSE:RR) (CNSX:RR.CN) (OTC:SLLTF) (Frankfurt:SL5) ispleased to announce that it has added to its Battery Metals Portfolioby way of staking 2,522.86 Hectares of highly prospective nickelground adjacent to Inomin Mines (TSX-MINE) and located 15 to 25kilometers east and southeast of Taseko Mines Ltd.’s Gibraltar minein BC’s Cariboo region.
The 2,522.86 Ha greenfield project was added toRecharge’s battery metal portfolio as a result of ongoingprospecting and M&A initiative after Inomin Mines announced onMarch 29 th , 2022 the discovery of new critical minerals at Beaver Hitting 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 ismoving full steam ahead at its newly optioned lithium salar project inArgentina as well as its copper-gold project in the Kamloops MiningDistrict of BC. While the company advances these later stageexploration projects it will continue to look to identify highlyprospective battery metals projects that the company can acquire,explore and then look to find partners or spin out opportunities tobenefit Recharge stakeholders."
About Inomin’s Beaver-Lynxproject
Inomin's 100-per-cent-owned Beaver-Lynx project,approximately 20,000 hectares in size, is located 15 to 25 kilometreseast and southeast respectively of Taseko Mines Ltd.'s Gibraltar minein British Columbia's Cariboo region. Initial exploration andmetallurgical studies at Beaver in 2013 to 2014, including geophysicalsurveys and diamond drilling programs, demonstrated the property'spotential to host large volumes of near-surface, Class 1 sulphidenickel and cobalt, amenable to conventional extraction methods.
The Lynx area is geologically similar to Beaver witheven larger prospective target areas. RGS (regional stream sediment)data collected by the Province of British Columbia illustrates theexistence of a large 10-by-five-kilometre nickel anomaly at Lynx. Anairborne magnetics survey delineated an eight-kilometre-wide ring-likemagnetic anomaly and several strong magnetic anomalies -- all greaterthan two kilometres in length. The Lynx property shows potential formultiple, large, bulk-tonnage nickel deposits.
The Beaver-Lynx project is situated in relatively flatterrain and easily accessible via all-season roads, as well as anetwork of forestry roads providing access to most of the property.Other important nearby infrastructure includes electricity(hydro-power) and railroad. Skilled workers, contractors and suppliesare available locally from the city of Williams Lake situated about 20kilometres south of Lynx.
Inomin Mines director L. John Peters, PGeo, a qualifiedperson as defined by National Instrument (NI) 43-101, has reviewed andapproved the technical information in this news release.
For further information about the Beaver-Lynx projectvisit Inomin Mines'swebsite.
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.
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