Recharge Metals (ASX:REC) has begun an exploration targeting program to delineate outcropping pegmatites and potential pegmatite-bearing structures at its Wapistan Lithium Project in Canada.
The company, which has a $35.6 million market capitalisation, says recent exploration in the area confirmed the presence of spodumene-hosted lithium occurrences at Wapistan and Q2 Metals’ (TSXV:QTWO) Mia Lithium Project.
Consultancy firm Dahrouge Geological has begun data acquisition and target generation activities and will conduct the field program using field crews who are already engaged in projects in the area.
However, Recharge notes that access to and movement within the James Bay region continue to be restricted due to the risk of fires in the area.
Commenting on the exploration program, Recharge Metals Managing Director Felicity Repacholi-Muir says: “As we commence our targeted exploration at Wapistan, it is very encouraging to see such good results on the nearby Q2 Metals and Ophir properties, located on the same greenstone belt, as it demonstrates the potential of our Wapistan Project.
“it is very encouraging to see such good results on the nearby Q2 Metals and Ophir properties, located on the same greenstone belt”
We look forward to commencing our fieldwork when the restrictions lift, and our thoughts are with all those in the community affected by the current fires.”
The company notes it is expected that exploration activities will be able to begin relatively quickly after the restrictions are lifted.
Recharge Metals is an ASX-listed exploration company focused on its Express and Wapistan lithium projects in the James Bay lithium district in Canada, along with progressing the copper-focused Brandy Hill South Project in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Recharge Metals Ltd
