(TheNewswire)
Vancouver, BC – TheNewswire - April 1 st , 2022 - Recharge Resources Ltd.(“Recharge” or the “Company”) (CSE: RR ) (CNSX:RR.CN) (OTC:SLLTF) (Frankfurt:SL5) is pleased to announce theCompany has completed planning for an upcoming drill program on itsrecently announced “Pocitos 1” Lithium Brine project in PocitosSalar 255km from Salta, Argentina. (See option agreement news datedMarch 23 rd , 2022)
Recharge is working closely with it’s in-countryadvisors and geological team to prepare a tender or request forproposals (RFP) to secure local drilling expertise. A planned 2022drill program will use existing TEM geophysics data, surface sampling,and existing drill hole data to identify and drill two additional~400m holes for a total 4 completed holes at its Pocitos 1 project inSalta, Argentina. The drill site locations will be selected in orderto maximize the project’s potential and complete a NI 43-101 mineralresource estimate at the Pocitos 1 exploration licence.
Pocitos drilling with estimated50-75,000 litres per min flow rate:
CEO and director, Yari Nieken, states," We are moving forwardquickly with our planned drilling of two additional holes at thePocitos 1 lithium salar. As you can see from the video link above, andavailable on Youtube, the impressive flow rates are upwards of 75,000litres per min of lithium brine. With two existing drill holes inplace, this new drilling will assist in establishing an NI 43-101mineral resource. We have benefitted greatly from an embeddedgeological team which has empowered us to truly hit the groundrunning."
Figure 1 – Pocitos 1 Lithium BrineMap
Fig 1 The red diamonds are the drill hole locations. The green boxis Pocitos Two currently optioned by Spey Resources Corp but nodrilling has been carried out.
About Pocitos 1 Lithium BrineProject
The Pocitos Project is located approximately 10km fromthe township of Pocitos where there is gas, electricity, and telephoneinternet services. Pocitos 1 is approximately 800 hectares and isaccessible by road. Previous exploration anddevelopment teams have spent over USD $1.5 million exploring theproject, including surface sampling, trenching, TEM geophysics anddrilling two 400m holes that had outstanding brine flow results.Locations for immediate follow up drilling have already been designedand identified for upcoming exploration.
Lithium values of up to 125ppm from Laboratory analysisconducted by Alex Stewart were recorded by A.I.S. Resources Ltd duringthe projects first drill campaign in May 2018 using a double packer inHQ diamond drill holes to a depth of 409 metres and the flow rate ofthe hole was estimated between 50- 75,000 Litres per minute andcontinued for more than 5 hours. Both drill holes had exceptionalbrine flow rates. Recharge's plan is to sample the current drill holesand drill a further two holes to work towards a NI 43-101 mineralresource calculation
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.
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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