(TheNewswire)
VANCOUVER, BC – TheNewswire - APRIL 7 th , 2022 - RECHARGERESOURCES LTD. (“RECHARGE” OR THE “COMPANY”) (CSE:RR) (CNSX:RR.CN) (OTC:SLLTF) (FRANKFURT:SL5) ispleased to announce it has received a detailedinterpretation of the data collected during the recent InducedPolarization (IP) survey at its Brussels Creek Copper-Gold propertylocated in the Kamloops Mining District of British Columbia. Theinterpretation has led to the selection of five high-priority drilltargets, with each hole approximately 300 m in depth, for a totalproposed program of 1500 metres. The targets for these proposedlocations are highly conductive zones which are interpreted tocontinue from surface outcrops below near-surface more resistivezones.
Recharge Resources CEO and director, Yari Nieken,states, "Recharge isgreatly encouraged by the results of the Quantec IP survey and excitedto drill test these new high-priority targets at Brussels Creek. Anupcoming drill program is now being planned with a drill permitapplication already filed, we anticipate an active summer 2022program. The Company has strengthened its portfolio of battery metalsprojects in mining friendly jurisdictions and active camps with therecent acquisition of the Beaver South Nickel-Magnesium project in BCas well as recent sampling results for nickel and from our Pinchi Lakeproject.”
Nieken continues, “While we planfor the upcoming drill program at our Pocitos 1 Lithium salar inArgentina, we are excited to be advancing our entire portfolio ofbattery metal assets in one of the most promising battery metalmarkets in History with US President Joe Biden making battery metals acritical focus for the future recently announcing his intent to invokethe Defense Production Act to boost domestic EV, storage batterymetals. The time is clearly now to be investing in the safe supply ofbattery metals and Recharge is pleased to be positioned to acquire,develop, and capitalize to the benefit of all Rechargestakeholders.”
A notice of work has been filed with the BC Ministry ofEnergy, Mines and Low Carbon Innovation for a drilling permit.
The 10.9 line-km survey was carried out by QuantecGeoscience, using their Titan 120 DCIP system. Seven lines weresurveyed using a dipole-pole-dipole array, with 100 m dipoles and 100m stations. A detailed interpretation was completed by Campbell andWalker Geophysics Ltd.
Highlights of the interpretation are as follows:
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The central part of the grid is underlain by highresistivity rocks. Outcropping moderate to high conductivity anomaliesare observed next to the NE and SW edges of the central resistivityzone. These conductive anomalies appear to continue beneath thesurface resistivity zone at depth.
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The northern end of the grid displays high conductivityand high chargeability anomalous zones. A number of moderate to highchargeability anomalies, which are partially associated with bothconductive and resistive zones, have been identified on all lines.
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Quantec has identified discreteresistivity/chargeability features on every line.
The main showing area is largely underlain by anorthwest trending, moderately southwest dipping sequence of andesiticvolcaniclastic rocks and siltstones of the Upper Triassic NicolaGroup. Some massive, well-indurated andesitic flows, flow brecciasand agglomerates also occur in the Nicola sequence. The Nicola rocksare cut by Tertiary porphyritic rhyolite dikes, sills and plugs thatare possibly related to the Kamloops Group. Recent mappingidentified a series of outcrops described as “quartz feldsparintrusive” which was in part porphyritic. The unit is altered withstrong sericitization and silicification.
About The Brussels CreekProperty
The property is an early-stage exploration property,located approximately 24 kilometres west of Kamloops, B.C., and isimmediately adjacent to New Gold's New Afton mine. The propertycomprises 17 claims (66 cells) covering 1,350.43 hectares. The geological setting of the property is verysimilar to New Afton, a silica-saturated copper-gold alkalicporphyry-style deposit, as well as the Highland Valley, Mount Polly,Kemess and Galore Creek deposits. Recent field observations noted thepresence of a substantial mineralized quartz-feldspar porphyry bodyintruding the overlying Nicola group volcanics. Historic sampling andmapping on the property, in 1983 and 1984, located a broad anomalouszone (200 metres by 400 metres). Of the 28 rock samples collected inthis zone, 13 were anomalous (>10 ppb Au) with gold values rangingfrom 10 to 3500 ppb (3.5 g/t Au). Of seven grab samples taken fromthe property in 2019, 2 samples returned values of 10.1 g/t Au (with0.7 g/t palladium) and 11.5 g/t Au respectively.
In 2020, Syber commenced exploration work on theproperty and then optioned the property to Le Mare Gold. Sybercompleted an airborne magnetometer survey over the entire property, aLiDAR and orthophotography survey, and also one week of prospectingand mapping. Interpretation of the geophysical survey identified sixareas of interest, showing potential for the structural complexitiesand potassic alteration that are common features of this style ofporphyry copper-gold deposit. Le Mare (renamed Recharge Resourcessubsequently) commissioned Healex Consulting of Nanaimo, B.C., tocomplete a National Instrument 43-101 technical report on theproperty. This report is made available at SEDAR.
Brussels Creek Web Page: https://recharge-resources.com/projects/brussels-creek/
Qualified person
Chris M. Healey, P. Geo., ConsultingGeologist, is the qualified person as defined by NI 43-101 responsiblefor the technical content of this release, and consents to itsrelease.
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” - CEO & Director
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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