Voltaic Strategic Resources (ASX:VSR) has unearthed numerous ‘thick’ and ‘stacked’ pegmatites within its Ti Tree Lithium Project in Western Australia following a phase three drill campaign.
The $16.38 million market capitalisation company says these additional pegmatites were uncovered in all prospects during the phase three program and confirm their widespread presence across Ti Tree.
Target generation continues at the project with geological mapping, rock chip sampling, and soil surveys underway, all of which are designed to quickly assess target areas and systematically generate additional drill prospects.
The first round of assays from drilling is expected to be received mid-October this year.
The Ti Tree project is situated in the Gascoyne region of Western Australia, a region considered prospective for rare earths, lithium, nickel, copper, cobalt and platinum group elements.
Phase three drilling comprised 3,100m of reverse circulation (RC) drilling at both the Morpheus and Akira prospects for 25 drillholes designed to test near surface extents of outcropping pegmatites.
Down-dip, deeper drilling was also completed at the Andrada prospect to delineate bounding lithological contacts, as well as examine untested lithium-caesium-tantalum (LCT) potential plunge target areas.
Speaking on the completion of drilling, Voltaic Strategic Resources Chief Executive Officer (CEO) Michael Walshe says: “We have drilled deeper in this third drill phase compared to previous campaigns, allowing us to thoroughly examine the extents of the pegmatite swarms at each prospect and potentially vector to mineralisation at depth and undercover.
“mapping has identified several new areas of outcropping pegmatite swarms which we will soon follow up with soil surveying and potential future drilling“
Additionally, mapping has identified several new areas of outcropping pegmatite swarms which we will soon follow up with soil surveying and potential future drilling.
Our next focus area will be Ti Tree (North) which is proximal to Delta Lithium’s Jameson prospect. Investors can expect steady news flow from the Ti Tree project over the coming months, with regular drilling updates and assay results to be released as available as we systematically advance through testing of the 18 priority target areas within the large tenement package.”
Voltaic Strategic Resources is an ASX-listed explorer searching for the next generation of mines that will produce metals required for a cleaner, more sustainable future, with assets located in Western Australia and Nevada, US.
Voltaic Strategic Resources had $4.33 million cash at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Voltaic Strategic Resources