Battery and precious metals explorer Voltaic Strategic Resources (ASX:VSR) reports it has uncovered a 22km prospective lithium-caesium-tantalum (LCT) corridor following ground exploration at its Gascoyne Rare Earth Element (REE) and Battery Metals Project in WA.
The 22km prospective corridor was encountered within the projects hosted Ti Tree Battery Metals tenement and is expected to be prioritised for shallow drilling and geochemical vectoring programs in order to define potential targets along the tenure.
It is also reported that data compilation has also revealed several regional lithium occurrences and ‘extensive’ pegmatite fractionation within proximity of the project, which is described as an ‘encouraging’ hallmark of the nearby Yinnietharra/Malinda lithium discovery.
Several of the pegmatite occurrences are reported to be within 2km of the Volta corridor and have aided in the definition of a 3km by 4km prospective area that is expected to grow with further mapping and remote sensing.
The company notes that it has also successfully completed an ‘extensive’ rockchip sampling program at priority target zones within both of the Ti Tree and Paddys Wells tenements, with 148 rockchip samples being sent for analysis.
It is expected that multiple samples, as well as additional samples taken from the Ti Tree tenement, will undergo multi-element analysis and appraisal of fractionation to assist with LCT vectoring.
Rock chip sampling took place following a spectral alteration survey that took place in March of this year that returned 21 priority targets which are currently being systematically investigated.
Results from the ‘extensive’ rock chip sampling program are expected to be received by the company in December this year.
As of 10:05am (AEST) the company’s share price has increased by 10.00%.
Voltaic Strategic Resources is an ASX-listed mineral exploration company that has assembled a portfolio of ‘exciting’ battery and precious metals exploration projects in the Gascoyne and Meekatharra regions of Western Australia and Nevada, USA. The company’s Gascoyne project is located 100km east of the township of Carnarvon in Western Australia and covers a total land area of 1,136km-square, comprising four regional project areas including, West Wall, Paddys Well, Talga/Talga West, Ti Tree and Kooline.
The projects hosted Ti Tree tenement currently boasts a total land area of 212km-square within fertile LCT-bearing terrain.
With rock chip samples now sent for analysis, Voltaic Strategic Resources announces that it has moved forward with program of works (PoW) applications to aid in the commencement of shallow drilling at the broad drill target areas.
Images: Voltaic Strategic Resources Ltd
