Business
Recharge Resources Project Portfolio Update
Vancouver, BC - TheNewswire - March 31, 2023 - Recharge Resources Ltd. ("Recharge" or the "Company") (RR:CSE) (RECHF:OTC) (SL5:Frankfurt) is pleased to provide
About this update from Uranium One Mining Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - March 31, 2023 - Recharge Resources Ltd. (\"Recharge\" or the \"Company\") (RR:CSE) (RECHF:OTC) (SL5:Frankfurt) is pleased to provide the following corporate update on its portfolio of advanced lithium projects located in Salta, Argentina, and continued progress on its lithium, copper-gold and nickel projects located Ontario and British Columbia, Canada. As previously announced in the news release dated March 21, 2023, the Company announced all of the warrants from the June 21st, 2022, private placement were exercised funding the Company with an additional $1,716,750. This was a significant milestone as it indicates shareholder support for the Company and its portfolio of projects. Brussels Creek – BC, Canada Recharge’s winter drill program is under way at its 100-per-cent-owned Brussels Creek gold-copper-palladium project (“Brussels Creek”) in Kamloops, B.C., Canada, The first hole has been drilled to target depth and completed with 52 samples, cut by hand, labeled with metal dyno labels, and have been delivered to ISO-17025 accredited ALS Laboratories (“ALS”) in North Vancouver, BC for analysis. All cores are stored in a locked area at the exploration camp until delivered to ALS. The drill rig will now be moved to the second drill hole location. There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the drilling data at Brussels Creek. The aim of the 900-meter NQ drill program is to test the potential for copper-gold mineralization similar to that present at the at the adjacent New Afton mine owned by New Gold Inc. NGD.V ($1.0 Billion Market Cap). The New Afton Mine occupies the site of the historic Afton Open Pit mine, which operated from 1977 to 1997. The present mine and concentrator facility commenced production in July 2012. The mine is a block caving operation. In 2021, the mine produced 52,542 oz Au and 61,700,000 lbs Cu. Qualified Person Johan T Shearer, P. Geo., Consulting Geologist, is the qualified person as defined by NI 43-101 responsible for the technical aspects of the Brussels Creek Project. QA/QC To ensure reliable sample results, the Company has a rigorous QA/QC program that monitors the chain-of-custody of samples and includes the insertion of blanks and certified reference standards at...