Recharge Metals kicks off exploration at new flagship Canadian lithium project
Work on spectral data and geophysical datasets are the first moves on the exploration front by Recharge Metals (ASX: REC) as it takes full ownership of its new Express lithium project in James Bay, Quebec.
The company, which had listed in late 2001 as a gold and base metals explorer, is now focusing on Canada’s premium lithium hotspot.
Express is located 12km from the James Bay deposit owned by Allchem Ltd (ASX: AKE) with its 37.2 million tonnes at 1.3% lithium oxide, and 15km from the Pontax lithium project being explored by Cygnus Metals (ASX: CYS).
Recharge, having recently raised $3 million, says it now fully funded for exploration over the coming 12 months.
Hunting future drill targets
Managing director Felicity Repacholi-Muir said James Bay is now an emerging world-class lithium province.
“Our team is focused on identifying prospective target areas for pegmatite-hosted lithium mineralisation, ahead of getting boots on the ground in the Canadian summer”, she added.
A drilling campaign is expected to begin later in the year.
The company’s ground contains numerous untested outcropping pegmatites historically underexplored for lithium mineralisation.
Work starting just days after acquisition completed
Recharge acquired the 73.5 sq km project in March and completed the transaction last week.
Recharge’s initial exploration program includes the review of all historical data, as well as the commissioning of analysis and reviewing publicly available geophysical data and the probable acquisition of high-resolution aerial imagery.
Analysis of data has begun, and images indicate the potential for outcropping pegmatites, and it is expected that the interpretation will highlight areas for inspection and sampling, the company says.
First time Express explored
The program being launched by Recharge Metals is the first the ground within the Express project has been explored for lithium.
Following the interpretation of existing data, the initial priority once the Canadian summer begins will be a rock chip sampling program.
DG Resource Management, the vendor of the Express project, had previously identified and sold the Corvette property now being explored for lithium by Patriot Battery Metals (ASX: PMT). Last week that company reported that it had extended its CV5 pegmatite over a distance of 3.7km.