Voltaic Strategic Resources (ASX:VSR) has identified multiple additional ‘significant’ pegmatites within a newly discovered stacked system at the Andrada prospect within its Ti Tree Project in Western Australia.
The company says these new pegmatites have been measured up to and over 69m in width and were discovered from ongoing phase two reverse circulation (RC) drilling that tested a combined 2.6km of strike every 300m across 2 prospective lithium-caesium-tantalum (LCT) trends.
Voltaic reports both these trends demonstrate ‘significant’ continuity and ‘highly encouraging’ indicators for regional scale potential.
Additionally, it is interpreted that this newly identified stacked system within Andrada remains open at depth and along strike, warranting the start of regional targeting for ‘extensive’ follow-up drill programs seeking to investigate over 400 pegmatites mapped and 18 regional target areas identified to date.
Key results from drilling include hole ANDRC015 with 58m pegmatite intercepted from surface to end of hole (EOH) at 58m; hole ANDRC031 with 69m pegmatite intercepted from 21m to EOH at 89m; and hole ANDRC020 with 50m pegmatite intercepted from 74m in a stacked configuration.
With the current phase two program still ongoing, Voltaic Strategic Resources announces the first batch of assays is expected in 1-2 weeks, with the second batch expected in 6 weeks.
The company notes target generation is ongoing and continues to deliver LCT targets along the most prospective lithological schists associated with the ‘Volta Corridor’, with rock chip sampling, geological mapping, and soil sampling programs underway across Ti Tree (South).
Several geophysical surveys are also planned to begin next week.
Speaking on the pegmatite expansion, Voltaic Strategic Resources Chief Executive Officer (CEO) Michael Walshe says: “The prospectivity continues to grow at Ti Tree as our understanding of the geology increases. Having thick pegmatites which repeat in a stacked sequence at depth are key prerequisites for building tonnage. The learnings from current drilling, which is limited to 70m (ave.) below surface, provide valuable insight into the significance of structural controls within the project and will assist our follow-up deeper programs.
As other recent drilling in the region has shown, prime mineralised parts of the system are likely to be emplaced at depths of at least +200m vertically below surface.
“The prospectivity continues to grow at Ti Tree as our understanding of the geology increases.”
We have only just begun to tap into the vast potential of our tenure at Ti Tree, where the number of mapped pegmatites already exceeds 400 with only a fraction of the tenure explored. We have 18 priority target areas identified across the entire project, and this will only increase as airborne geophysics and photogrammetry surveys are completed over the coming weeks
Planning is underway for systematic and extensive drill programs across our north & south tenements, and shareholders can look forward to several quarters of highly active exploration-focused news flow.”
Voltaic Strategic Resources is an ASX-listed mineral exploration company that has assembled a portfolio of exciting battery and precious metals projects in the Gascoyne and Meekatharra regions of Western Australia and in Nevada, US.
The company’s Ti Tree project is located about 260km northeast of the township of Carnavaron in Western Australia and is situated within a southeast-trending belt in the Gascoyne province of the Capricorn Orogen, which is considered prospective for pegmatite-associated minerals and rare earth elements (REEs).
Voltaic Strategic Resources had a cash balance of $2.46 million as of 31 March 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Voltaic Strategic Resources Ltd
