(via TheNewswire)
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Figure 1: Shows the approved drill locations (PCT 24-1 to 12) of which 6-8 will be converted to production wells to pump brine to the proposed 20,000 tonne Ekosolve™ plant.
The Company’s key milestones are:
Complete analysis of MT geophysics with WSP to confirm exact well hole locations.
Complete contract with Cuartz Drilling Co for drilling wells and start date
Complete contract with downhole borehole magnetic resonance geophysics for selected wells
Complete drill core porosity tests for resource calculation in
Australia Select wells for production from flow tests
WSP to prepare and complete upgraded Mineral Resource estimate
Cuartz drilling converts 6-8 of the exploration HQ diameter wells to production wells and conducts further flow tests
Ekosolve provides engineering data and WSP complete a Proven and Probable reserve MRE estimate.
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Figure 2: Graphic showing Pocitos salar, proximity to Rincon, Arizaro, Cauchari salars and extinct volcanoes contributing lithium in blue. Orange area is Pocitos 1 and 2 claims.
MT Geophysics Analysis
Resistivity is a key indicator and the values less than 1.0 0hm.m are considered exceptional. The drill hole is shown 24-12 is intercepting an area 0.4-0.6ohm.m.
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Figure 3: Cross section on Pocitos 2 with drill well PCT 24-12 shown to 400m depth.
CEO and
About
The company has published a NI 43-101 compliant Inferred Mineral Resource Estimate (MRE) for the
The full NI 43-101 Report dated December 18, 2023, and entitled “Technical Report For The Pocitos 1 and II,
About
All Stakeholders are encouraged to follow the Company on its social media profiles onLinkedIn,Twitter,FacebookandInstagram.
On Behalf of the Board of Directors
“David Greenway”
For further information, please contact:
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com
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 for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Recharge’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such 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 do occur, what benefits Recharge will obtain from them. These forward-looking statements reflect managements’ current views 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 the forward-looking statements, including Recharge’s results of exploration or review of properties that Recharge does acquire. These forward-looking statements are made as of the date of this news release and Recharge assumes 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.
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