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Recharge Resources Commences Drill Preparations To Upgrade And Expand Mineral Resource Estimate Of 760,000 Tonnes Lithium Carbonate Equivalent At Pocitos Lithium Brine Project
Vancouver, BC / TheNewswire / March 12, 2024 - Recharge Resources Ltd. ("Recharge" or the "Company") (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to annou
About this update from Uranium One Mining Corp.
[{"type":"text","content":"Vancouver, BC / TheNewswire / March 12, 2024 - Recharge Resources Ltd. (\"Recharge\" or the \"Company\") (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce the Company has arranged for Jason Van Den Akker, a senior hydrologist and geologist with WSP Australia to visit Pocitos 1 and 2 with Recharge’s COO Phil Thomas during the week of March 18, 2024 in preparation for the company’s 2024 production diameter drill program for the expansion and upgrading of Recharge’s previously announced mineral resource estimate of 760,000 tonnes LCE at its Pocitos Lithium Brine project near the town of Pocitos in Salta, Argentina. (See press release dated December 20th, 2023) Figure 1: Shows the approved drill locations (PCT 24-1 to 12) of which 6-8 will be converted to production wells to pump brine to the proposed 20,000 tonne Ekosolve™ plant. The Company’s key milestones are: Complete analysis of MT geophysics with WSP to confirm exact well hole locations. Complete contract with Cuartz Drilling Co for drilling wells and start date Complete contract with downhole borehole magnetic resonance geophysics for selected wells Complete drill core porosity tests for resource calculation in Australia Select wells for production from flow tests WSP to prepare and complete upgraded Mineral Resource estimate Cuartz drilling converts 6-8 of the exploration HQ diameter wells to production wells and conducts further flow tests Ekosolve provides engineering data and WSP complete a Proven and Probable reserve MRE estimate. Figure 2: Graphic showing Pocitos salar, proximity to Rincon, Arizaro, Cauchari salars and extinct volcanoes contributing lithium in blue. Orange area is Pocitos 1 and 2 claims. MT Geophysics Analysis Resistivity is a key indicator and the values less than 1.0 0hm.m are considered exceptional. The drill hole is shown 24-12 is intercepting an area 0.4-0.6ohm.m. Figure 3: Cross section on Pocitos 2 with drill well PCT 24-12 shown to 400m depth. CEO and Director David Greenway expressed his enthusiasm for the company's growth trajectory. \"We are delighted WSP are able to visit the Pocitos project in March with the Recharge Resources team. The Company will progress from an explorer to a pivotal stage defining our Mineral Resource estimate from a resource to a ...