(TheNewswire)
Vancouver, BC - TheNewswire - March 29 th , 2022 - Recharge Resources Ltd.(“Recharge” or the “Company”) ( CSE: RR) (CNSX:RR.CN) (OTC: SLLTF) ( Frankfurt: SL5) is pleased to announce the company is now compiling existinggeological data and the mapping existing drill hole locations for aplanned upcoming drill program on its newly optioned Pocitos 1 LithiumSalar project in Salta, Argentina. (See option agreement news datedMarch 23 rd , 2022)
Recharge Resources CEO and director, Yari Nieken,states, " We aresystematically compiling geological data to secure drill targets foran upcoming planned drill program at the Pocitos 1 lithium salar. Withtwo existing dill holes in place, this new drill program will assistin establishing an NI 43-101resource. We have benefitted greatly froman embedded geological team which has empowered us to truly hit theground running."
Figure 1 – Pocitos 1 Lithium BrineMap
About Pocitos 1 Lithium BrineProject
The Project is located approximately 10km from thetownship of Pocitos where there is gas, electricity, and telephoneinternet services. Pocitos I is approximately 800 hectares and isaccessible by road. Previous exploration and development teams havespent over USD $1.5 million exploring the project, including surfacesampling, trenching, TEM geophysics and drilling two 400m holes thathad outstanding results. Locations for immediate follow up drillinghave already been designed and identified for upcomingexploration.
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 exceeded 75,000 Litres per minute and continued for more than5 hours. Both drill holes had exceptional brine flow rates. Recharge'splan is to sample the current drill holes and drill a further twoholes to work towards a NI 43-101 resource 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.
Copyright (c) 2022 TheNewswire - All rights reserved.