Recharge Resources Ltd (CSE:RR) has received finalised processing from Prospectair Geosurveys from the high-resolution heliborne magnetic survey data collected from the company’s 100% owned Georgia Lake North and West Lithium Properties in Ontario, Canada.
The Property is immediately contiguous to Rock Tech Lithium Inc’s Georgia Lake Lithium Property and located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division.
Recharge will be reviewing the data over the next month to implement a spring field program consisting of geological mapping and prospecting over target areas once conditions are favourable.
“We are making progress on all fronts across our portfolio of projects. We are thrilled with the efficiency of Prospectair Geosurveys’ turn around time of the geophysical data and look forward to interpreting the results to direct an aggressive spring 2023 field programme at our 100% owned Georgia Lake Lithium Project,” CEO, David Greenway, said.
“The point of this airborne survey was to identify the potential for structural continuity from neighbouring Rock Tech’s active development at its Georgia Lake Project. Rock Tech signed a major lithium supply agreement with Mercedes-Benz AG and Recharge is committed to advancing and monetising its portfolio of assets to the benefit of all stakeholders.”
On October 20th, 2022, Mercedes-Benz signed a supply agreement with Canadian-German Rock Tech to receive on average 10,000 tonnes of battery-grade lithium hydroxide per year. The deal, which comes shortly after the two groups said they would explore a strategic partnership, has a value over five years of US$1.47 billion and will provide enough lithium hydroxide for 150,000 cars a year, the companies said.
The 548 line-km airborne survey included covering neighbouring known lithium-bearing pegmatite structures, mobilization and demobilisation, room and board, supply and delivery of fuel, data gathering and processing.
The Georgia Lake North and West Properties are located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division. Recharge’s property is contiguous to the North and West boundaries of Rock Tech Lithium’s Georgia Lake Lithium Property and consists of two claim blocks totalling 320 hectares and 432 hectares.
The Rock Tech Lithium Georgia Lake Project is host to several spodumene-bearing pegmatites.
Lithium mineralization was discovered in 1955 and subsequently explored by several historic owners. Rock Tech’s property hosts an NI 43-101 Mineral Resource, as reported in Rock Tech’s Preliminary Economic Assessment filed on Rock Tech’s SEDAR profile, with an effective date of March 15, 2021.
For further information please visit: https://recharge-resources.com/
