Voltaic (ASX:VSR) spot new targets on expanded ground at Paddy’s Well
January 19, 2023Voltaic Strategic Resources have confirmed high grades of Total Rare Earth Oxides (TREO) on expanded target areas at its exciting Paddy’s Well REE project in Western Australia’s emerging Gascoyne region.
Assays from rock chips collected in October include 1,000ppm TREO across the subsurface area, increased by almost a kilometre to a significant scale total length of 2.4km.
“Excitingly, mineralisation appears to have a high proportion of the in-demand ‘magnet’ REEs, namely neodymium (Nd), praseodymium (Pr), terbium (Tb) and dysprosium (Dy), which is favourable for potential economic extraction in the future,” the Company said.
The plot of select rockchip TREO assays with MREO:TREO ratio & lithology
Meanwhile, 2500m of auger drilling has gotten underway at the site’s priority target areas within the highly prospective “CSZ 1” REE corridor.
Most holes are planned within and proximal to an area where several historical drillholes and recent surface geochemical sampling have identified anomalous TREO results.
Voltaic aims to confirm historical holes while defining the extent of the clay-hosted anomalous REE area.
At the same time, the exploration team will begin its next round of field reconnaissance target generation.
Price Action
The Company’s ASX-listed shares are 2.5c in morning trading.
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.
