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Recharge Resources Plans CSAMT Survey To Depth 500m For DDH4 Drill Hole And Production Wells At Pocitos 1 Lithium Salar
Vancouver, BC, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to ann
About this update from Uranium One Mining Corp.
[{"type":"text","content":" Vancouver, BC, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce the Company has engaged with Quantec Geoscience Argentina S.A. (“Quantec”) to provide a Controlled-Source Magnetotellurics (“CSAMT”) audio-telleric geophysical survey subject to scheduling in March or April 2023 to delineate the lithology and potential aquifers on its 800 ha property down to depth of 500m at the flagship Pocitos 1 Lithium Brine Project in Salta, Argentina. Figure 1. CSAMT Survey The additional geophysics data will greatly assist in identifying the characteristics of the lithology, and low resistivity areas usually containing brines. Geologists and gas specialists are planning to capture the gas to determine its chemical make up and origin (whether it is hydrocarbon originated or “air pockets” which the initial investigation indicated. They will also try to stabilize the NQ drill rod and conduct a flow test using a 2-inch submersible pump. The phreatic brine level is at the surface and can be pumped in less than 50 metres. The lithium analysis conducted when the hole was completed and two weeks later was 161 and 164 ppm respectively of lithium sufficient for the Ekosolve DLE lithium process to accept a sample for test processing. This is another planned milestone in the company's endeavour to build up to a 20,000-tonne lithium extraction Ekosolve plant at its Pocitos 1 project in order to supply Richlink Capital Pty. Ltd.'s battery materials clients up to 20,000 tonnes of lithium chloride/carbonate per year as previously announced under letter of intent. Lithium is selling in the spot market at 472,500 yuan per tonne, or the equivalent of $69,252 (U.S.) per tonne, according to TradingEconomics.com (February 13th, 2023). CEO and director, David Greenway states “With three existing drill holes in place, this new drilling and this CSAMT audio-telleric geophysical survey will all contribute to establishing an NI 43-101 mineral resource estimate. We have benefitted greatly from a Argentinian geological team which has empowered us continue to make progress towards our next goal of establishing a NI 43-101 compliant mineral resource, then a scoping study of the project and, working with our Chinese offtake partners and investors for lithium chloride produc...