Voltaic (ASX:VSR) show high density ‘pods’ at Ti Tree
December 12, 2022Voltaic Strategic Resources has continued its run of encouraging signs reporting high-density pegmatites bearing comparable analogous signatures to Red Dirt Metals Yinnetharra lithium discovery at its neighbouring Ti Tree Project in Western Australia’s emerging Gascoyne Region.
The Company is more than upbeat on the latest find, which follows the identification of multiple priority target areas with analogous ASTER signatures to Yinnietharra.
- Pegmatoid pods with east-west (EW) 270 ̊ structural orientation → Yinnietharra comparable
- Evident fractionation within pegmatites, i.e. tourmaline, white micas & feldspars → Yinnietharra comparable
- Pegmatite occurrences found within both pelitic schists and granitic contacts → Yinnietharra comparable
“We have found a high density of pegmatite occurrences at one of its priority targets, “Morpheus”, as well as several other aster targets within granted tenement E09/2503 during the latest field reconnaissance. Encouragingly, many hallmarks of Yinnietharra have been observed,” CEO Michael Walshe said.
Various pegmatite formations at the Ti Tree Project
“The latest discovery and field observations from Ti Tree have significantly increased the prospectivity for lithium-tantalum mineralisation within the Volta corridor.
“Priority ASTER target areas were found to strongly correlate with outcropping pegmatite occurrences, many of which displayed both the same structural orientation and degree of fractionation as the Yinnietharra pegmatites.
The Company believes that the number of pegmatoid occurrences to be of the order of several hundred or greater at Ti Tree.
To date, less than 10% of the 21 priority ASTER targets have been tested (see Figure 5) and the density of pegmatites observed thus far is alluding to substantial scale potential across the 22km Volta corridor.
The width, depth extent and tenor of drill intercepts at the neighbouring Yinnietharra discovery (see ASX:RDT release: 28/11/2022) has prompted exploration of its untested targets as soon as possible.
Price Action
The Company’s ASX-listed shares are 2.6c in early morning trade.
Next Steps
The Company believe the most effective next steps would be detailed mapping with the aid of UAV imagery capture and direct outcrop sampling to aid target generation, vectoring and ranking.
Fundamental Data
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