- Recharge Resources (CSE:RR) has increased magnesium levels and is exploring the potential for carbon capture at its Pinchi Lake Project
- The project is located roughly 20 kilometers northwest of Fort St. James and 120 kilometers northwest of Fort St. James and 10 northwest of Prince George, British Columbia
- Re-assays with increased maximum thresholds for magnesium were done to determine increased magnesium levels, which were up to a high of 27.16 per cent from previous sampling results
- Recharge Resources also plans to explore the opportunity for carbon capture from the ultramafic rocks similar to those found at the Pinchi Lake property
- Shares of Recharge Resources are stable at C$0.17
Recharge Resources (CSE:RR) announced on Thursday (July 7) that it has increased magnesium levels from re-assays at its Pinchi Lake Project.
The project is located 200 kilometres northwest of Fort. St. James and 120 kilometres northwest of Prince George, British Columbia.
Re-assays with maximum thresholds for magnesium were done to determine the true high grade resulted in an increase in magnesium, up to a high of 27.16 per cent from its previous sampling results.
“We are encouraged by the increased magnesium levels at Pinchi lake and continue to create value through our entire portfolio of battery metal assets in one of the most promising battery metal markets in history,” David Greenway, Recharge Resources CEO, said in a press release.
“With multiple active exploration programs along with global clean energy initiatives, Pinchi Lake and the elevated magnesium content presents a great opportunity for further exploration,” he continued.
The company also plans to explore opportunities for carbon capture from ultramafic rocks similar to those found at the Pinchi Lake property.
The property hosts magnesium and nickel-rick mineralization which can be among the largest carbon capture and storage reservoirs.
Recharge Resources’ Murry Ridge and Pinchi Lake nickel projects consist of three separate claim blocks that total 3,917.326 hectares and were selected to cover the best sampling results previously reported by Nanton Nickel Company in 2013. This came after the discovery of the Decar nickel property, owned by FPX Nickel Corp.
Shares of Recharge Resources remain steady at C$0.17