Westar Resources (ASX:WSR) has kickstarted a follow-up drilling program to test the reinterpretation for potential pegmatite-hosted lithium at its Olga Rocks Project in Western Australia.
The company says the recently begun drilling program will also target a prospective horizon for ‘high-grade’ gold mineralisation that is largely underexplored.
Westar reports reinterpretation of the lithium source opens up more than a 1km strike of potential lithium-bearing pegmatite. Drilling will also target potential for ‘high-grade’ gold mineralisation over 2km of strike in a prospective mafic horizon which is poorly tested.
The company notes this round of drilling also follows its maiden RC drilling program earlier this year, which intersected anomalous lithium in pegmatites and ‘high-grade’ gold in mafics.
Previous drillhole OLRC005 is the only to date that has intersected this potential lithium-bearing pegmatite, returning 2m @ 0.2% Li2O.
Executive Director Lindsay Franker says this work is being undertaken in very close proximity to Zenith Minerals’ (ASX:ZNC) mineral resources at both its Rio and Dulcie Far North tenements.
Westar Resources is a Perth-based mineral explorer focused on the discovery and development of ‘high-quality’ gold and future metal assets in Western Australia.
The company’s projects sit in the ‘highly prospective’ Pilbara, Murchison, and Yilgarn regions near the towns of Nullagine, Mt Magnet, Cue, Southern Cross, and Sandstone.
As of 30 September 2023, Westar Resources had $2.253 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Westar Resources