Recharge Metals (ASX:REC) is progressing exploration across its Wapistan Lithium Project, with traverses completed across targets 1 and 2 and samples submitted for analysis.
Meanwhile, on-ground exploration is being carried out by technical consultancy Dahrouge Geological Consulting.
To date, 22 samples have been collected and submitted for analysis to SGS laboratories in Sudbury, Ontario.
Recharge, which has a $19.48 million market capitalisation, adds that a Light Detection and Ranging (LiDAR) survey has been completed over the Wapistan project, and interpretations are currently underway.
Results and targets are expected to be delivered in the coming weeks.
Traverses across targets 3 and 4 are to be completed once field crews have returned to the site in mid-October.
Commenting on the ongoing activities, Recharge Metals Managing Director Felicity Repacholi says: “We are very pleased with progress to date at Wapistan and appreciate the dedication of our technical consultants Dahrouge Geological to maximise the ground covered to date.
We look forward to both assay results from the samples submitted, as well as seeing the data from the traverses across targets 3 and 4 which are due to be completed in mid-October.
“We are really just scratching the surface of the project in this initial fieldwork”
Having recently viewed the ground myself from the helicopter, I can attest to the scale of opportunity at Wapistan; we are really just scratching the surface of the project in this initial fieldwork.”
Recharge Metals is a lithium-focused explorer with 2 projects located in the ‘world-class’ James Bay lithium district in Canada, as well as a copper-focused project in Western Australia.
As of 30 June 2023, the company had $2.594 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Recharge Metals
