Recharge will carry out exploration at its Wapistan and Express lithium projects. Pic via Getty Images.
Recharge all fired up for exploration at its belt-scale James Bay lithium projects
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Recharge is all set to start exploration at a “belt-scale” lithium opportunity in Canada’s emerging James Bay region after completing the acquisition of the Wapistan project.
Along with securing funding following completion of a $1.1m share placement, the company will now progress exploration of Wapistan concurrently with exploration activities with its flagship Express lithium project.
The 107.2km2 Wapistan lithium project, which takes Recharge Metals’ (ASX:REC) total James Bay footprint up over 180km2, is located just 10km east of Q2 Metals’ Mia lithium project where outcropping lithium has been confirmed at two prospects and Ophir Gold’s Radis project.
Notably, it overlies 30km of the same greenstone belts which host lithium mineralisation at Mia and Radis.
“We are delighted to have concluded the acquisition of the Wapistan lithium project,” managing director Felicity Repacholi-Muir said.
“The ‘belt-scale’ Wapistan project significantly enhances our James Bay footprint.
“The geology of the project, its proximity to other highly successful projects, and having geological teams available nearby that can start quickly, make this an obvious opportunity to create value for Recharge’s investors.”
Wapistan lithium project
While no lithium targeting or exploration has been carried out at Wapistan in the northwestern portion of the James Bay region, it is proximal to recent exploration successes at the Mia and Radis projects.
Its hosting of the Yasinski Group greenstones is a positive as similar greenstone belt rock types are known to host spodumene-bearing lithium-caesium-tantalum style pegmatites in the region.
There is also ready access to infrastructure such as the James Bay Road (State Route 109) runs through the Wapistan East block, extending north to Radisson and south to Matagami, where it connects to Quebec’s regional road and railway network.
Likewise, established access roads link Wapistan West to Wapistan East and provide year-round access in and around the western block.
Additionally, the regional La Grande Airport is located just 40km north of the project, providing access to major cities throughout Quebec with regularly scheduled flights, and power for the site is available from the Hydro-Québec powerlines which run through the Wapistan East block.
This article was developed in collaboration with Recharge Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
