Voltaic Strategic Resources (ASX:VSR) has begun soil surveying and geological mapping work to uncover new drill targets across its Ti Tree Lithium Project.
The $18.84 million market capitalisation company says these activities will include regional wide-spaced portable X-ray fluorescence (pXRF) soil surveys, and they come ahead of a proposed phase three drilling campaign expected to take place mid-August 2023.
The mapping and surveying work is designed to uncover potential targets at the Morpheus, Lewis, and Akira prospects within the Ti Tree project area.
Concurrently, logistical planning is underway for geophysical and photogrammetric surveys due to begin in early August across all of Ti Tree South, which should provide further data and high-resolution imagery for geological interpretation and drill targeting.
Commenting on the activities, Voltaic Strategic Resources Chief Executive Officer (CEO) Michael Walshe says: “Drilling thus far has identified the primary structural controls of the widespread pegmatite clusters across Ti Tree South and confirmed their extensive subsurface thickness and stacked emplacement.
“Drilling thus far has identified the primary structural controls of the widespread pegmatite clusters across Ti Tree South…”
These learnings, along with current field reconnaissance, are being used to delineate high-priority drill targets within the more prospective Morpheus, Lewis, and Akira prospect areas, which we hope to begin testing in less than a month along with some deeper holes at Andrada.”
Voltaic adds its next stage at Andrada includes deeper-focused drilling to find bounding lithological contacts and examine untested LCT potential plunge target areas. This will bolster the company’s understanding of the subsurface geology of the extensive pegmatite systems that are mapped over at least 5km-by-2km trends.
Voltaic Strategic Resources is an ASX-listed exploration company focused on its critical metals portfolio led by lithium, rare earths, base metals, and gold across Western Australia and Nevada, US.
On 31 March 2023, the company had $2.46 million cash at hand, according to its latest quarterly report published on 28 April 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Voltaic Strategic Resources Ltd
