Recharge Metals (ASX:REC) is undertaking mapping and sampling on priority targets in the Canadian summer at its Express Lithium Project in Quebec.
The $9 million market capitalisation company says the targets cover over 6km of outcropping and subcropping pegmatites that were identified in 2023.
Recharge reports targets were uncovered after reviewing geochemical data from surface sampling completed by Dahrouge Geological.
Data also demonstrates additional fractionated pegmatites, which Recharge says provides a vector towards potential lithium mineralisation.
Managing Director Felicity Repacholi says: “These assay results confirm that Express is in the right part of an LCT system to host lithium mineralisation.
In addition, a number of other outcrops have returned assays of interest based on their geochemical signature and interpreted degree of fractionation which will result in another busy field season for Recharge at Express. We still await assay data from our Wapistan Project, which we anticipate receiving later this month.”
Recharge Metals is a multi-project explorer focused on exploration within the James Bay lithium region of Quebec, Canada.
The company’s Express Project covers a total landholding of 73.5km-square and is home to several pegmatite outcrops. The project sits about 12km southeast of Allkem’s (ASX:AKE) James Bay deposit, which has a resource of 110.2 million tonnes at 1.3% Li2O.
As of 30 December 2023, Recharge Metals had $2.014 million cash and cash equivalents at hand.
Write to Adam Drought at Mining.com.au
Images: Recharge Metals
