Recharge Resources Expands Pinchi Lake Nickel Project
October 07 2021 - 9:00AM
Recharge Resources Ltd. (RR : TSX-V)
(SLLTF : OTC) (SL5 : Frankfurt) (“Recharge” or the
“Company”) is pleased to announce the expansion of the
Pinchi Lake Nickel Project, located approximately 15 to 30 km
northwest of Fort St. James and 120 km northwest of Prince George
in the Omineca Mining District of central British Columbia.
The Pinchi Lake Nickel Project area has been
increased to include historical work at the recommendation of the
Company’s geological team, following a review of historic workings
in the surrounding area. The Pinchi Lake Nickel claims have been
enlarged by 568 hectares (1,404 acres) to total size of 3,922.64
hectares (9,693.05 acres) to include areas of anomalous nickel
sampling results in three separate areas, indicated from
previous sampling as described in assessment reports on the BC
Government Aris website. The Company plans to conduct
exploration work on these new areas during its upcoming 2021 work
programs planned for this fall.
Pinchi Lake Nickel:
https://recharge-resources.com/projects/murray-ridge-pinchi-lake/#Summary
President & CEO of Recharge Resources, Yari
Nieken, commented: “We have significantly expanded our geological
footprint at Pinchi Lake to cover multiple historical nickel
occurrences that will be further explored throughout our Phase 2
work program at the recommendation of our geological team. The
Company looks forward to the results from our Phase 1 exploration
program that took place recently over the summer. We will continue
to develop our portfolio of battery metals projects in highly
prospective and mining friendly regions of North America focusing
on Nickel and Lithium.”
A Media Snippet accompanying this announcement
is available by clicking on the image or link below:
Figure 1. Murray Ridge and Pinchi Lake
Nickel Projects MapTo view image please click here
About Murray Ridge (Pinchi
Lake)
The Murray Ridge and Pinchi Lake nickel projects
are located approximately 15 to 30 kilometres northwest of Fort St.
James and 120 km northwest of Prince George in central British
Columbia. The project was previously explored by Nanton Nickel
Corp. The project consists of three separate claim blocks totalling
3,922.64 hectares that were carefully selected to cover the best
sampling results (greater than 0.20 per cent nickel in rocks)
reported by Nanton Nickel Company in 2013 shortly after the
discovery of the Decar nickel property owned FPX Nickel Corp.
Awerite was confirmed to be a constituent of the nickel values.
The Decar nickel project geology which lies 60
km southwest is analogous suite of ultramafic intrusions are hosts
to widely disseminated coarse grained awaruite mineralization.
Compositionally, awaruite (Ni2Fe-Ni3Fe) comprises approximately 75
per cent nickel, 25 per cent iron and 0 per cent sulphur, and
therefore it is considered natural steel. Absence of sulphur allows
a concentrate to be shipped directly to steel mills without
incurring smelting and refining costs, and minimal environmental
problems. For further details on the project refer to the company’s
website or to the company’s press release dated August 3rd,
2021.
About Recharge Resources
Recharge Resources is a Canadian mineral
exploration company focused on exploring and developing the
production of high-value battery metals to create green, renewable
energy to meet the demands of the advancing electric vehicle and
fuel cell vehicle market.
On Behalf of the Board of Directors,
“Yari Nieken”
Yari Nieken, CEO
For further information, please contact:
Recharge Resources Ltd.Mr. Joel WarawaPhone:
778-588-5473E-Mail: info@recharge-resources.comWebsite: recharge-resources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Disclaimer for Forward-Looking
Information
Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding Recharge’s intention to continue to identify
potential transactions and make certain corporate changes and
applications. Forward looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits Recharge
will obtain from them. These forward-looking statements reflect
management's current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause actual results to differ
materially from those expressed or implied by the forward-looking
statements, including Recharge’s inability to identify transactions
having satisfactory terms or at all and the results of exploration
or review of properties that Recharge does acquire. These
forward-looking statements are made as of the date of this news
release and Recharge assumes no obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements, except in accordance with applicable securities
laws.
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