Voltaic (ASX:VSR) builds Gascoyne battery metals suite

Voltaic Strategic Resources is building prospective momentum, adding two promising tenements to its exciting Gascoyne Critical Metals (GCM) Project, located in the emerging mid-northwest of Western Australia.

The Kooline Project copper-gold and Talga nickel-copper-cobalt-PGE-manganese prospective tenements come precisely a month after reporting high-density pegmatites bearing comparable analogous signatures to Red Dirt Metals Yinnetharra lithium discovery at its Ti Tree project adjacent to the Red Dirt site.

Price Action

The Company’s ASX-listed shares are 2.4c in morning trade.

Next Steps

Reconnaissance fieldwork is planned at Kooline to validate previous rock chip and soil sampling where Au has been identified, along with outcrop structural mapping, rock chip and soil sampling, followed by airborne surveying to identify potential targets.

Meanwhile, the re-processing of all geophysical data is the focus of initial works at Talga, focusing on the 2007 VTEM survey and a field reconnaissance program comprising outcrop structural mapping, rock chip sampling and soil sampling.

Following this, an airborne electromagnetic survey or induced polarisation (IP) survey will refine targets.

About Kooline Project

It comprises exploration licence E08/3314 (~303km2) and is located northwest of Paraburdoo in the upper mid-northwest of Western Australia. Paulsens Gold Mine, formerly owned by Northern Star Resources (NSR), is 40km north of Kooline and has produced over 900,000 Oz of gold since 2005.

• Kooline lies within the west-northwest trending regional Wyloo anticlinal dome, which is prospective for Au, Cu-Au and base metals (Cu-Ag-Pb-Zn). Historical surface sampling and limited shallow drilling by NSR within E08/3314 identified gold anomalism which warrants follow-up work.
• There are several active exploration projects in the vicinity, such as Kingfisher Mining (ASX:KFM) ‘s Boolaloo Project and Cazaly Resources (ASX:CZL) ‘s Ashburton Project along strike of Kooline, targeting Cu-Au, Au and base metals.

About Talga Project

Comprises one granted exploration licence, E08/3420 (Talga West ~185 km2), and one exploration licence application, E08/3303 (Talga East ~144km2). It is located approximately 350km northeast of Carnarvon in Western Australia.

• The project area overlays the ‘Talga Fault Zone’ (TFZ), a major NW-SE fault with historical potential for nickel-copper-cobalt-PGE and cobalt-bearing manganese mineralisation.
• Historical surface sampling identified anomalous Ni-Cu-Co mineralisation associated with a large dolerite/gabbro dyke that was never followed up. Moreover, a prior VTEM survey identified numerous geophysical anomalies related to the dyke, which were never drill-tested.
• The interpreted dykes within that Talga project are potentially analogous to the recent ‘Money Intrusion’ dyke that has produced Dreadnought Resources Ltd / First Quantum Minerals Ltd’s nickel sulphide discovery at their Mangaroon project, 130km to the west.

Fundamental Data

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.