Data Acquisition for Resource Estimate at Pocitos Completed With electrification ramping up as exemplified by the US Government's recent proposal to invest $3.5B into the battery manufacturing market Recharge Resources (RR.c or RECHF for US investors) is steadfast in its commitment to exploring and advancing promising battery metal ventures across North and South America.
Source: https://investornews.com/critical-minerals-rare-earths/biden-harris-administrations-3-5-billion-investment-in-u-s-battery-manufacturing-and-clean-energy-transition/
At the forefront of Recharge Resources' portfolio is the Pocitos 1 Lithium Brine Project in Argentina, an expanse covering 800 hectares. Demonstrating promising exploration outcomes, the company intends to enhance the project's resource classification through additional drilling initiatives.
Yesterday, Recharge Resources announced it has successfully concluded the data acquisition phase for the Pocitos 1 Lithium Brine Project in Salta, Argentina.
This update includes the detailed logging of two wells drilled in 2018 and the submission of relevant data to WSP Australia Pty Ltd for the ongoing resource estimate. WSP, a globally renowned consultancy specializing in hydrology and brine resource estimates, is utilizing data from various sources, including the NI 43-101 technical report, MT Survey, 2018 TEM survey, drilling programs, core logs, and core porosity data.
David Greenway, President, and CEO expressed enthusiasm about the progress, highlighting the comprehensive nature of the work completed by WSP. The company is actively advancing multiple initiatives, including its inaugural NI 43-101, MT geophysics survey, porosity studies, and a pending drill program, all contributing to an exciting period ahead for Recharge and its stakeholders at the Pocitos Project.
More here: https://recharge-resources.com/news/recharge-completes-data-acquisition-of-pocitos-1-lithium-brine-project-for-ni-43-101-resource-estimate/
Posted on behalf of Recharge Resources Ltd.