Business
Recharge Resources Issues a NI 43-101 Technical Report on Pocitos 1 Lithium Concession
Vancouver, BC - TheNewswire - July 20, 2023 - Recharge Resources Ltd. ("Recharge" or the "Company") (RR:CSE) (RECHF:OTC) (SL5:Frankfurt) is pleased to announce
About this update from Uranium One Mining Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - July 20, 2023 - Recharge Resources Ltd. (\"Recharge\" or the \"Company\") (RR:CSE) (RECHF:OTC) (SL5:Frankfurt) is pleased to announce that the Company has filed on SEDAR an independent technical report (the \"Report\") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\") supporting the results of its preliminary exploration at its Pocitos 1 project located near Pocitos township in Salta Province, Argentina. The results of the exploration were previously reported in the Company's news releases dated November 17, 2022, January 5, 2023, and there are no material differences in the Report from those results. The effective date of the Report is June 30, 2023. The highlights are: Highest Lithium value tested using packer system was 169ppm Lithium at a depth 363m. The MT geophysics survey has discovered a large area to the west with a resistivity of 0.4Ω.m and a depth of more than 1km. EkosolveTM DLE technology pilot plant test work at University of Melbourne achieved 94.9% extraction efficiency with brines at an average lithium concentration of 86 ppm lithium. Lithium recovery using the EkosolveTM system 85.08 ppm Li in brine was 80.76 ppm lithium. Significant brine flow was recorded in 2018 wells PO1 and PO2 and brine and gas in PO3 drilled in November 2022. The company will start a new drill/production well program when the permits are issued by the Salta Mines Department. The full Report dated June 30, 2023, and entitled \"Technical Report For The Pocitos Salar Lithium Concession, Salta Province, Argentina\", can be found on the Company's website and on SEDAR under the Company's issuer profile at www.sedar.com. This is another milestone in the Company’s ongoing endeavour to build up to a 20,000-tonne Ekosolve™ direct lithium extraction (DLE) plant at the Pocitos project in order to supply Richlink Capital clients’ up to 20,000 tonnes of lithium chloride/carbonate per year, as previously announced under a letter of intent of offtake. David Greenway, President, and CEO commented, “I am delighted with the NI 43-101 report that our QP Phil Thomas has produced and the detail he has been able to research. The WSP Global project engineers are currently examining the porosity results from the 2018 campaign and ...