Categories: Energy
Topics: Lithium Stocks

Investing in the Best Lithium Stocks in 2023

Recharge Resources Ltd. (CSE: RR)(OTC: RECHF) — currently trading around C$0.30 per share — is a Canadian mineral exploration company focused on early-stage exploration for high-value battery metals, including lithium, in the global EV megatrend. 

The company is currently advancing three 100%-owned projects in mining-friendly jurisdictions in Canada & Argentina: 

• Pocitos I lithium project in Salta, Argentina
• Georgia Lake North & West lithium project in Ontario, Canada 
• Brussels Creek copper-gold-palladium project in British Columbia, Canada

Pocitos I: The 100%-owned, early-stage exploration Pocitos I lithium project is located approximately 10 km from the township of Pocitos in Salta, Argentina. The 800-hectare flagship project is situated within the prolific Lithium Triangle of South America, which encompasses parts of Argentina, Chile, and Bolivia — representing more than half of global lithium resources.

Follow-up drilling from two historical holes at Pocitos I by Recharge in 2022 intercepted the target aquifer, which surged from 363 meters depth in its NQ diameter exploration well. 

Recharge Resources principal geologist Phil Thomas — whom you’re about to hear from directly in our exclusive interview — commented via press release: 

“I am thrilled to see the continuity of the first reservoir discovered back in 2018. With this second lithium brine surge (previous at 350m) we have entered the target zone with sampling now underway. This will be the fourth resource estimation project I have been involved with to delineate a lithium deposit mineral resource and I am very keen to see this project through to the vision I had for it back in 2018.”

Brine samples from the recently completed program have been taken to the lab for analysis. Preparations are also underway for an NI 43-101 report on the Pocitos I project.

Recharge has licensed EkoSolve™ for Pocitos I and holds an Argentina-wide license for the utilization of the extraction technology.   

Georgia Lake: The Georgia Lake North & West properties are located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division. The 100%-owned property comprises two claim blocks totaling 320 hectares and 432 hectares.   

Recharge’s property is contiguous to the north and west boundaries of Rock Tech Lithium’s Georgia Lake lithium property, which lays host to several spodumene-bearing pegmatites. 

In Q4 2022, Recharge completed a high-resolution heliborne magnetic survey at the early-stage project. Data compilation from the magnetic survey is anticipated in Q1 2023 wherein the company plans to deploy an aggressive spring 2023 field program.

Brussels Creek: Recharge has announced a fully-funded drill program at the early-stage exploration Brussels Creek copper-gold-palladium project located approximately 24 km west of Kamloops, BC, Canada. 

The 100%-owned property comprises 17 claims spanning 1,350 hectares in a geological setting similar to the New Afton Mine — a silica-saturated copper-gold alkalic porphyry-style deposit — as well as the Highland Valley, Mount Polly, Kemess, and Galore Creek deposits.

Recharge Resources CEO David Greenway commented via press release: 

“While data compilation is underway at Georgia Lake Lithium and the company awaits results from Pocitos 1, we are pushing forward on all fronts with drilling about to commence at Brussels Creek. We thank Mr. Shearer and all those involved in the consultation and drill planning process. Recharge is committed to sustainable exploration and mining practices. This is a pivotal time for the Brussels Creek Project in BC, and we look forward to the upcoming drill program starting early next month.”

Historic sampling and mapping at the Brussels Creek property in the mid-1980s identified a broad anomalous zone measuring 200 x 400 meters with gold values up to 3.5 grams per tonne. Drilling at Brussels Creek is expected to commence in Q1 2023.

As you can see, plenty of shots-on-goal for Recharge Resources shareholders in 2023, including drilling at the Pocitos I lithium project in Argentina and, as well, at the Brussels Creek copper-gold-palladium project in Canada. 

With multiple near-term catalysts converging at Pocitos I, our own Gerardo Del Real of Junior Resource Monthly took the opportunity to catch up with Recharge Resources principal geologist Phil Thomas to get all the details on the company’s flagship lithium project. Please enjoy!

Mike Fagan
Editor, Resource Stock Digest