Voltaic (VSR) sight large scale REE potential at expanded Paddy’s Well
March 1, 2023Voltaic Strategic Resources has identified a sizeable potential carbonatite rare earth hosting intrusive system along strike of a 13km carbonatite target recently delineated by Kingfisher Mining (ASX:KFM), with about 8km of this falling within Voltaic’s Paddy’s Well expanded tenure in Western Australia’s Gascoyne.
The critical mineral explorer has expanded Paddy’s Well by around four and a half times its original area, sighting its high prospectivity for REEs and other critical minerals and identifying underlying major basement structures that could be the source conduits for mineralised fluids within the region.
From the “proof-of-concept” surface sampling and mapping that has been ongoing since October 2022, the Company has doubled the previously identified “CSZ1” target corridor to 32km strike length and added the “SZ 2” corridor to the south, which is comparable in size and prospectivity.
Voltaic CEO Michael Walshe said the new tenure had had no prior exploration for REEs, giving us a ‘first mover’ advantage.
“We are already seeing competition intensifying for the highly active Gascoyne region,” Mr Walshe said.
“From ground-truthing efforts, Voltaic hypothesises that the major basement structures exist at much shallower depths than currently mapped in the literature [Shepard et al. 2010],” he added.
“Hence, they are amenable to geophysical detection and detailed exploration and extraction.”
Rare Earth Elements Market
About Voltaic Strategic Resources
Voltaic Strategic Resources is a mineral exploration company that assembled a portfolio of exciting battery and precious metals exploration projects in the Gascoyne and Meekatharra regions of Western Australia (WA) and Nevada, USA. The company is led by an experienced corporate and technical team with demonstrable success with exploration IPOs, M&A, and assembling highly prospective tenure.
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