(TheNewswire)
Vancouver, BC – May 28, 2024 – TheNewswire – Recharge Resources Ltd. ("Recharge" or the"Company") (RR: CSE) (RECHF: OTC) (SL5:Frankfurt) is pleased to announce that it hascompleted its environmentalimpact assessment report . This will greatlyassist the company in renewing its tenements for the furtherdevelopment of the company’s Pocitos One Lithium Brine Project (“Pocitos 1” or “theproject”) in Salta, Argentina. It is also abaseline study that will be used to provide data to the MiningDepartment in Salta.
The report is titled “Environmental and SocialBaseline report for the Pocitos 1 and 2 concession on the Pocitos SaltFlats”. The report was the culmination of four months work by E& C Asociados – a specialist environmental consultinggroup.
The key findings of the report covered topics andrelevant baseline values for :
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Geology and Geomorphology
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Climate
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Flora
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Fauna
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Protected areas
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Socio-economic environment
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Solar panel use
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Availability of fresh water
David Greenway, President, and CEO commented, “I amdelighted that we have completed this report as it is anothermilestone on our journey to commence lithium carbonate production. Afurther report to update values will be made in six months time afterwe have completed drilling production wells on the property andcompleted a measured and indicated Mineral Resource Estimate. TheCompany is entering an exciting period for Recharge and itsstakeholders at the Pocitos Project.”
About Pocitos Lithium BrineProject
The Pocitos 1 Project is located approximately 10kmfrom the township of Pocitos where there is gas, electricity, andaccommodation. Pocitos 1 is approximately 800 hectares and isaccessible by road. Collective exploration totals over US$2.0 milliondeveloping the project, including surface sampling, trenching, TEM andMT geophysics and drilling three wells that had outstanding brine flowresults. Locations for immediate follow up drilling have already beendesigned and identified for upcoming exploration.
Lithium values of 169 ppm from drill hole 3 packer testassayed from laboratory analysis conducted by Alex Stewart wererecorded during the project’s December 2022 drill campaigns. Adouble packer sampling system in HQ Diamond drill holes were drilledto a depth of up to 409 metres. The flow of brine was observed tocontinue for more than five hours. All holes had exceptional brineflow rates. A NI 43-101 report has been released on the Pocitos 1project.
Ekosolve Ltd was able to produce 99.8% purity lithiumcarbonate, where extraction was above 94% of the contained lithium inthe brine i.e. 158.86ppm of lithium would have been recovered from169ppm.
WSP Australia has completed an update of the NI43-101 report completed by QP Phillip Thomas in June 2023 andestimated on an inferred basis using a block model and 6% and 14%porosity’s for the clay and sand lithologies 760,000 tonnes ofLCE.
Figure 2. Pocitos Lithium Claim Map
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA,(CMV), a Qualified Person as defined under NI 43-101 regulations, hasreviewed the technical information that forms the basis for portionsof this news release, and has approved the disclosure herein.
Mr. Thomas has joined the Company in the capacity ofCOO on 7 November 2023. He is a shareholder and Officer.
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.
All Stakeholders are encouraged to follow the Companyon its social media profiles on , , and Instagram .
On Behalf of the Board ofDirectors
“David Greenway”
David Greenway, CEO
For further information, pleasecontact:
Recharge Resources Ltd.
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 views and are based on certainexpectations, estimates and assumptions which may prove to beincorrect. A number of risks and uncertainties could cause actualresults to differ materially from those expressed or implied by theforward-looking statements, including Recharge’s results ofexploration or review of properties that Recharge does acquire. Theseforward-looking statements are made as of the date of this newsrelease 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 appli cable securities laws.
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