Voltaic Strategic Resources (ASX:VSR) is fast-tracking phase two drilling at its Ti Tree Project in Western Australia to follow up on ‘significant’ intercepts at the Andrada prospect.
The company reports it intercepted a string of ‘significant’ thick pegmatites at the prospect, confirming key structurable trends associated with lithium, caesium, tantalum (LCT) pegmatites in proximity to granitic contacts. The phase two drilling will test the down-dip and extensional potential of these pegmatites.
Voltaic’s share price soared 122% to $0.06 as of Tuesday 12:10pm AWST.
Along with the planned phase two drilling, Voltaic is currently planning to conduct several surveys including airborne magnetics, radiometrics, photogrammetry, and gravity surveys.
Speaking to mining.com.au, Voltaic Strategic Resources Chief Executive Michael Walsh says: “Over the last 6 months, we have identified several hundred pegmatites at surface which are the potential host rock for lithium mineralisation in the region.
“Over the last 6 months, we have identified several hundred pegmatites at surface which are the potential host rock for lithium mineralisation in the region”
The aim of this ‘first pass’ drill campaign was to deepen our understanding of the regional pegmatite geology so that we can use this information to identify the most prospective areas for our subsequent drill campaigns.
We will soon embark on several geophysical surveys and also undertake an extensive soil survey. So, lots of material news flow to come over the coming months ahead and lots to look forward to.”
Voltaic reports its phase one drilling has been completed across 6 initial targets for 15 drillholes for 894m, with pegmatites intersected in all holes and each remaining open at depth.Assay results are expected in 6 weeks.
Voltaic Strategic Resources is an ASX-listed company focused on its critical metals portfolio led by lithium, rare earths, base metals, and gold across 2 of the world’s most established mining jurisdictions in Western Australia and Nevada, U.S.
Images: Voltaic Strategic Resources Ltd
