Recharge Metals (ASX:REC) has uncovered a ‘substantial’ number of potential pegmatite occurrences that outline 3 ‘significant’ targets following generative exploration work at its Express Lithium Project in Quebec, Canada.
The company says these targets, returned from spectral data acquired and interpreted by Terra Resources, exhibit similar spectral responses to neighbouring projects where lithium pegmatites are outcropping, including Cygnus Metals’ (ASX:CY5) Pontax Lithium Project.
Recharge now plans to evaluate all target areas ‘on the ground’ during its maiden field program, slated for July 2023, and this data will be integrated with satellite photography, geophysical data, and potentially high-resolution topography data to yield a full set of targets.
With the maiden field program scheduled for July, Recharge Metals announces generative exploration work is currently ongoing across the project, with the goal of identifying and ranking target areas for inspection during the field program.
The company also notes it will continue acquiring and interpreting other datasets from its project, including high-resolution aerial imagery, LiDAR, and magnetic data.
Addressing the pegmatite discovery, Recharge Metals Managing Director Felicity Repacholi-Muir commented: “Given the substantial number of outcropping pegmatites in and around the Express Lithium Project, the presence of a significant number of spectral targets does not surprise us.
“In the upcoming weeks, we anticipate generating additional targets through alternate techniques”
More importantly, we are collecting valuable data to carefully plan and prioritise our field program, ensuring systematic sampling of all potential outcrops within the allotted time frame.
In the upcoming weeks, we anticipate generating additional targets through alternate techniques, and we are committed to keeping shareholders up to date with the process. It is certainly an exciting time to have a project in James Bay, with M&A activity now on our doorstep as well as exploration successes!”
Recharge Metals is an ASX-listed explorer focused on its Express Project in the ‘world-class’ James Bay lithium district in Canada, as well as progressing the copper-focused Brandy Hill South Project in Western Australia.
The company’s Express Project is located about 12km southeast of global lithium chemicals company Allkem’s (ASX:AKE) James Bay deposit within Quebec, Canada, and covers a ‘significant’ land area of 73.5km-square. The project is considered prospective for lithium mineralisation and is host to several known pegmatite outcrops.
Images: Recharge Metals Ltd
