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Recharge Resources Receives Mining Court Approval For Drilling Production Ready Well At Pocitos 1 Lithium Salar
Vancouver, BC, Oct. 13, 2022 (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, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce it has received final approvals from Argentina’s Department of Mines, mining court for the Company’s drilling for exploration and production diameter well at its “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina. The drill rig is being moved to the property today with the expectation of the commencement of drilling in the next 7 days. Drilling will be ongoing for 7-10 days thereafter. Upon completion of drilling the production diameter well, samples will be sent to Ekosolve to convert the lithium brine to battery grade lithium. During that time, flow testing will take place for 5 days and then an additional 30 days. Recharge team members are on site at the Pocitos 1 Project for the commencement of drilling the fully funded 400-meter production diameter well to confirm flow rates, lithium content and continuity of lithium brines delineated during previous drill campaigns toward the establishment of a NI 43-101 compliant resource and scoping studies for the development of up to 20,000 tonne per year Ekosolve™ production facility. Lithium is selling in the spot market at 522,500 Yuan per tonne or the equivalent of US$72,865 per tonne according to Trading Economics. (October 11th, 2022) 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 final approvals in place, our team have all travelled to Argentina for this monumental moment for the company to begin the fully-funded 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 continue to thank all those that have assisted us in bringing this ...