Recharge Metals (ASX:REC) says all necessary contracts are in place for its summer field season to progress the Express Lithium Project in Quebec, Canada.
The company, which has a market capitalisation of $23.38 million, plans to kick off fieldwork in the area once working conditions are safe enough and fire restrictions have eased.
Recharge has been working in the region with technical consultant Dahrouge Geological, which will complete on-ground exploration, including detailed geological mapping and sampling of the priority target areas. This will confirm the presence and geochemistry of the lithologies present.
Diamond drilling will then be completed on key lithium targets uncovered from the geochemical sampling and mapping.
This announcement comes after Recharge completed a Light Detection and Ranging (LiDAR) and high-resolution aerial imagery survey over the project.
The survey was designed to uncover undiscovered or hidden pegmatites beneath vegetation, and Recharge says this survey technique has been successfully used in the James Bay region by other explorers and producers.
Commenting on the survey, Recharge Metals Managing Director Felicity Repacholi-Muir says: “The completed LiDAR survey is a key tool for revealing unknown pegmatite targets for evaluation and validating those that we have already identified.
We look forward to sharing the results from the survey when the data has been processed.”
“The completed LiDAR survey is a key tool for revealing unknown pegmatite targets for evaluation and validating those that we have already identified“
The company says Dahrouge previously completed photo interpretation targeting over the project, which revealed a ‘significant’ area of outcrop within the project.
This contained a ‘substantial’ number of targets thataare interpreted as potentially representing outcropping lithium-bearing pegmatites.
These outcropping areas also include the historically mapped pegmatites in the project area.
Recharge says 4 ‘high-priority’ targets were defined, covering areas with the ‘greatest’ proportion of interpreted outcrop, alongside the ‘largest’ concentration of interpreted pegmatite targets
Recharge Metals is an ASX-listed exploration company focused on exploring the Express and Wapistan Lithium projects in the ‘world-class’ James Bay lithium district in Canada, alongside the copper-focused Brandy Hill South 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
