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Recharge Resources Receives Dept Of Mines Approval For Drilling Production Ready Well At Pocitos 1 Lithium Salar
Vancouver, BC, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to an
About this update from Uranium One Mining Corp.
[{"type":"text","content":" Vancouver, BC, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce it has received approval from Argentina’s Dept of Mines for the Company’s imminent drilling of a production diameter well at its “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina. Recharge is working closely with its in-country advisors on the fully funded single 450-meter production diameter well which will confirm the flow rate, lithium content and continuity of lithium brines delineated during previous drill campaigns for the establishment of a NI 43-101 compliant resource. Video of Pocitos drilling with exceptional flow rate (2018 Drilling): Click Here The high flow rate was encountered in both holes drilled in 2018. This high flow rate is expected to result in reduced operational costs in a reduction of pumps required, as well as ensuring the columns have sufficient brine with the Ekosolve™ extraction methodology contemplated for the Pocitos 1 project. CEO and director, David Greenway states, \"With further approvals now in place, the Company is moving forward quickly with our drilling of a production diameter well at the Pocitos 1 lithium salar. As you can see from the video link above, and available on the company’s website, the impressive flow rates of lithium brines were substantial. With two existing drill holes in place, this new drilling will contribute to establishing a NI 43-101 mineral resource estimate. We have benefitted greatly from an Argentinian geological team which has empowered us to continue to make progress towards our next goals of establishing a NI 43-101 compliant mineral resource, a scoping study of the project and, identifying offtake or supply opportunities for lithium products and strategic partners for the Pocitos 1 Project.\" About Pocitos 1 Lithium Brine Project The Pocitos Project is located approximately 10km from the township of Pocitos where there is gas, electricity, mobile telephone, and internet services. Pocitos 1 is approximately 800 hectares and is accessible by road. Previous exploration teams have spent over USD $1.5 million exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400m holes that had outstanding brine flow results. Locations for immediate follow up d...