- Recharge Resources (RR) has begun a high-resolution heliborne magnetic survey at its Georgia Lake North and West Lithium Properties in Ontario
- The 548 line-km airborne survey includes covering neighbouring known lithium-bearing pegmatite structures, mobilization and demobilization, room and board, supply and delivery of fuel, data gathering and processing
- The Georgia Lake Project is host to several spodumene-bearing pegmatites. Lithium mineralization was discovered in 1955 and then explored by several owners over the years
- Recharge Resources Ltd. (RR) is down 6.49 per cent, trading at C$0.29 at 10:50 am ET
Recharge Resources (RR) has begun a high-resolution heliborne magnetic survey at its Georgia Lake North and West Lithium Properties in Ontario.
The company’s CEO and director, David Greenway, said that the survey team at Prospectair was able to lock in an engagement and deploy to the property quickly as the weather is about to change and exploration activities are still surging due to lithium prices continuing to hit all-time highs.
“The point of this airborne survey is to identify the potential for structural continuity from neighbouring Rock Tech’s active development at its Georgia Lake Project. Rock Tech signed a major lithium supply agreement with Mercedes-Benz AG, and Recharge is committed to advancing and monetizing its portfolio of assets to the benefit of all stakeholders.”
As of late last week, lithium was selling in the spot market at an equivalent of US$80,374.66 per tonne, according to Trading Economics.
The 548 line-km airborne survey includes covering neighbouring known lithium-bearing pegmatite structures, mobilization and demobilization, room and board, supply and delivery of fuel, data gathering and processing.
The Georgia Lake Project is host to several spodumene-bearing pegmatites. Lithium mineralization was discovered in 1955 and then explored by several owners over the years. The properties are located within the Thunder Bay Mining Division. Recharge’s property is contiguous to the North and West boundaries of Rock Tech Lithium’s (TSX:RCK) Georgia Lake Lithium property.
Recharge Resources (RR) 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.
Recharge Resources Ltd. (RR) is down 6.45 per cent, trading at C$0.29 at 10:50 am ET.