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Thursday, Jul 25, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Lithium

Recharge Resources completes environmental impact assessment

The key findings of the Pocitos 1 Project report cover a range of environmental and socio-economic topics

Recharge Resources completes environmental impact assessment
Drilling platform at Pocitos 1. Image via Recharge Resources.

Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) (Frankfurt: SL5) completed an environmental impact assessment report, which will help the company fulfill its development plans for its Pocitos one Lithium Brine Project in Salta, Argentina.

Released on Tuesday, the report is called, “Environmental and Social Baseline report for the Pocitos 1 and 2 concession on the Pocitos Salt Flats.” It is the end result of four months of work by specialist environmental consulting group, E & C Asociados.

The key findings of the Pocitos 1 Project report cover a range of environmental and socio-economic topics, including geology and geomorphology, climate, flora and fauna, protected areas, the socio-economic environment, the use of solar panels, and the availability of fresh water.

The geology and geomorphology of the area include elevated blocks separated by closed basins containing evaporite deposits. The region’s climate is characterized by its high-altitude and arid conditions, which support a specific range of flora and fauna adapted to these conditions. The company takes environmental significance and biodiversity effects into consideration when determining context for determining protected areas.

“A further report to update values will be made in six months time after we have completed drilling production wells on the property and completed a measured and indicated Mineral Resource Estimate,” David Greenway, president and CEO, said.

Socio-economic factors focus on the impact of the project on local communities, including job creation and infrastructure development. The project also considers the use of solar panels to support sustainable energy needs and assesses the availability of fresh water, crucial for both local populations and project operations​

Read more: Lithium South installs first production well at largest claim block, prepares for testing

Read more: Lithium South preliminary economic assessment shows optimism for lithium’s future

The Salta province has been hot for lithium development

The Pocitos 1 Project is located approximately 10km from the township of Pocitos, which has gas, electricity, and accommodation. Additionally, Pocitos 1 spans 800 hectares and is accessible by road.

Collective exploration efforts, totalling over USD$2.0 million, have developed the project through surface sampling, trenching, TEM and MT geophysics, and drilling three wells with outstanding brine flow results. Furthermore, the team has already designed and identified locations for immediate follow-up drilling for upcoming exploration.

During the December 2022 drill campaigns, laboratory analysis by Alex Stewart recorded lithium values of 169 ppm from drill hole 3 packer test. The team used a double packer sampling system in HQ Diamond drill holes and drilled to a depth of up to 409 metres. The brine flow continued for more than five hours, and all holes exhibited exceptional brine flow rates. The company has also released an NI 43-101 report on the Pocitos 1 project.

Several companies are also actively developing lithium projects in the Salta province.

Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is working on its flagship Hombre Muerto North Lithium Project, which spans approximately 3,287 hectares and focuses on the extraction of lithium from brine.

Argentina Lithium & Energy Corp. (TSXV: LIT) (OTC: PNXLF) is also advancing multiple projects in the region, including the Rincon West and Antofalla North projects, covering extensive areas and showing promising lithium concentrations through their ongoing exploration activities.

Additionally, Australia-based Argosy Minerals (ASX: AGY) is developing the Rincon Lithium Project, which includes a pilot plant producing high-purity lithium carbonate and plans for further expansion.

 

Lithium South Development Corporation is a sponsor of Mugglehead news coverage

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