checkAd

PARADIGM DRILLING ENGAGED FOR BRUSSELS CREEK PROJECT AS RECHARGE AWAITS RESULTS AT POCITOS 1 LITHIUM AND GEORGIA LAKE LITHIUM PROJECTS

Vancouver, BC , Nov. 24, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced today the Company’s fully-funded drill program is expected to start within the next week at Recharge’s 100% owned Brussels Creek Copper-Gold-Palladium Project in Kamloops, BC, Canada.

Two drilling proposals were received and an archaeological study of the drill sites was completed to comply with ongoing consultation with stakeholders and First Nations. Two eastern drill sites were deemed to be of ‘low’ archaeological potential. 

The Company has engaged Paradigm Drilling to deliver a skid mount, Boyles 25 model drill rig to the staging area near the Brussels Creek Property on or before November 25th and complete 900 meters of NQ size core drilling in 3 holes. Of these 900 meters, hole collar angles will be between -50 and -90 degrees, and borehole depths will not exceed 350 meters.

The aim of the 900-meter NQ drill program is to test the potential for copper-gold mineralization similar to that present at the at the adjacent New Afton mine owned by New Gold Inc. NGD.V ($1.07 Billion Market Cap). The New Afton Mine occupies the site of the historic Afton Open Pit mine, which operated from 1977 to 1997. The present mine and concentrator facility commenced production in July 2012. The mine is a block caving operation. In 2021, the mine produced 52,542 oz Au and 61,700,000 lbs Cu.

Drilling is anticipated to commence by the first week of December.


Figure 1. Proposed Drill Locations at Brussels Creek


Figure 2. Porphyry-style Alteration Interpretation
from Hyperspectral Study

Johan Shearer, QP for Recharge Resources, stated, "With drill contracts and permits in hand for this highly-anticipated drill program we look forward to see drilling underway in short order. The encouraging results from the previous IP survey and the potential for continuity of structure and geological environment from neighbouring New Gold's New Afton mine could prove extremely valuable for the Brussels Creek Project and all stakeholders.”

Data compilation from its Georgia Lake Lithium Airborne Magnetic Survey, is anticipated in the next three to four weeks with the drill program at Pocitos 1 Lithium ongoing.

CEO, David Greenway, summarized, "While data compilation is underway at Georgia Lake Lithium, drilling continues at Pocitos 1 Lithium, we are pushing forward on all fronts with drilling about to commence at Brussels Creek. We thank Mr. Shearer and all those involved in the consultation and drill planning process. Recharge is committed to sustainable exploration and mining practices. This is a pivotal time for the Brussels Creek Project in BC, and we look forward to the upcoming drill program starting early next month.”

Seite 1 von 2


Wertpapier



0 Kommentare
Nachrichtenquelle: globenewswire
 |  348   |   |   

Schreibe Deinen Kommentar

Disclaimer

PARADIGM DRILLING ENGAGED FOR BRUSSELS CREEK PROJECT AS RECHARGE AWAITS RESULTS AT POCITOS 1 LITHIUM AND GEORGIA LAKE LITHIUM PROJECTS Vancouver, BC , Nov. 24, 2022 (GLOBE NEWSWIRE) - Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced today the Company’s fully-funded drill program is expected to start within the next week at …

Nachrichten des Autors

732 Leser
124 Leser
104 Leser
104 Leser
100 Leser
732 Leser
720 Leser
640 Leser
548 Leser
532 Leser
508 Leser
504 Leser
468 Leser
464 Leser
456 Leser
1680 Leser
1172 Leser
1124 Leser
956 Leser
840 Leser
828 Leser
820 Leser
804 Leser
800 Leser
752 Leser
10593 Leser
4428 Leser
3488 Leser
2744 Leser
2294 Leser
2246 Leser
2077 Leser
2052 Leser
2037 Leser
1943 Leser