Vancouver, BC, Sept. 15, 2022 (GLOBE NEWSWIRE) — Reload resources ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF:OTC) (SL5: Frankfurt) is pleased to announce that the Company has made an advance of USD 22,475 for the rental of a storage facility in Argentina for QA/QC, geologist’s office, chain of custody and catering for drilling at coming to its Pocitos 1 lithium brine project in Salta, Argentina. The previous core of the 400m DDH is currently stored in Salta.
Recharge is working closely with its in-country advisers and has now engaged AIS Resources SA for project management, IVA related exchange rate and taxation services on the unique 400 meter diameter fully production well. financed that will confirm the throughput, lithium content and continuity of lithium brines through brine discharge measurements that have been delineated during previous drilling campaigns for the establishment of an NI 43-101 compliant resource.
Video of Pocitos drilling with exceptional to flow assess (2018 Drilling):
The high flow rate was encountered in the two holes drilled in 2018 at the Pocitos 1 Lithium project. This high throughput should result in reduced operating costs with fewer pumps needed, as well as ensuring the columns have enough brine with the Ekosolve™ extraction methodology being considered at the Pocitos 1 project.
CEO and Director, David Greenway says: “With QA/QC Protocolsoffice and catering now in place in Pocitos with the blessing of the community and advanced funds for the project managers and tax services, our intended drilling of a production diameter good at the lithium salt of Pocitos 1 is on the move forward rapidly. As you can see from the video link above, and available on the society‘the websitethe impressive speeds lithium brines were substantial. Owith two existing drbad holes in placandits new drilling will be contribute to establishing an NI 43-101 mineral Resource estimate. We have greatly benefited from anot Argentine geological team that gave us the means at keep moving towards our next goals establish an NI 43-101 compliant company mineral Resource, a scoping study of the project, identifier off-take or supply opportunities for lithium products and strategic partners for the Pocitos 1 Pproject.“
About the Pocitos 1 Lithium Brine Project
The Pocitos 1 project is located approximately 10 km from the township of Pocitos, Argentina, where there is gas, electricity, mobile phone and internet services. Pocitos I is about 800 hectares and is accessible by road. Previous exploration teams have spent over US$1.5 million exploring the project, including surface sampling, trenching, TEM geophysics and the drilling of two 400m holes which yielded outstanding results on brine flow. Locations for immediate follow-up drilling have already been designed and identified for future exploration.
Lithium values of up to 125 ppm from laboratory analyzes conducted by Alex Stewart were recorded by AIS Resources Ltd (“AIS”) during the project’s first drilling campaign in May 2018. AIS used a system double packer sampling in HQ Diamond drill holes drilled to a depth of 409 meters. The brine flow was observed to continue for more than 5 hours. Both boreholes had exceptional brine flows. Recharge’s plan is to drill a third production-ready drill hole to work toward an NI 43-101 mineral resource calculation.
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined in NI 43-101, has reviewed the technical information that forms the basis of portions of this press release and has approved the disclosure here.
About Reload Resources
Recharge Resources is a Canadian-based mineral exploration company focused on exploring for and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the booming electric vehicle market. and fuel cell vehicles.
All stakeholders are encouraged to follow the company on its social media profiles on LinkedIn, Twitter, Facebook and Instagram.
On behalf of the Board of Directors,
David Greenway, CEO
For more information, please contact:
Recharge Resources Ltd.
Mr. Joel Warawa
E-mail: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer Regarding Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect management’s expectations regarding Recharge’s intention to continue to identify potential transactions and make certain changes and applications to the business. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. These statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they occur, what benefits Recharge will derive therefrom. These forward-looking statements reflect management’s current beliefs and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by any forward-looking statements, including the results of exploration or examination of properties that Recharge acquires. These forward-looking statements are made as of the date of this press release, and Recharge undertakes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.