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Recharge Resources Receives Drill Permit for Pocitos 2 Lithium Brine Project
Vancouver, BC – TheNewswire - May 23, 2023 - Recharge Resources Ltd. ("Recharge" or the "Company") (CSE:RR) (OTC:RECHF:) (Frankfurt:SL5) announced today that it
About this update from Uranium One Mining Corp.
[{"type":"text","content":"Vancouver, BC – TheNewswire - May 23, 2023 - Recharge Resources Ltd. (\"Recharge\" or the \"Company\") (CSE:RR) (OTC:RECHF:) (Frankfurt:SL5) announced today that it has received the drill permit to drill up to 6 additional holes at the Pocitos Lithium Brine Project on the Pocitos 2 Block in Pocitos salar, Argentina. The drill hole program will be implemented once the magneto telluric data is attained in late May early June and processed. The survey will penetrate to at least 600m depth. Additional drilling across the contiguous Pocitos 1 and Pocitos 2 blocks will assist to determine the size of the potential resource as well as allow the confidence of the estimate to be moved from inferred to indicated and measured categories upon completion of this initial NI 43-101. As previously announced, the basis for the NI 43-101 report is well underway after Recharge’s Qualified Person, Phillip Thomas set up the drill program in Argentina when he was there in November 2022, again in January 2023 and most recently in May of 2023 to measure and review core, flow rates and assays to create the anticipated NI43-101 compliant report. External hydrologist’s working at Rincon nearby are also scheduled to visit and inspect the site and core. Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for US$825 Million) as well as he and his team explored the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. (recently sold to Ganfeng for US$962 million). Fig 2. Dec, 2022 Drilling at Pocitos 1 Fig 3. 2018 Drilling at Pocitos 1 Fig 4. 2018 Drilling at Pocitos 1 This is another milestone in the Company's 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 Pty. Ltd. up to 20,000 tonnes of lithium chloride/carbonate per year, as previously announced under a letter of intent of offtake. Furthermore, Recharge i...