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Voltaic Strategic Resources (ASX:VSR) unveils lithium exploration findings at Andrada, WA

ASX News, Materials
ASX:VSR      MCAP $8.513M
17 July 2023 13:45 (AEDT)

Phase two drilling underway at Andrada prospect, Ti Tree project. Source: VSR

Voltaic Strategic Resources (VSR) has updated its ongoing shallow drill campaign at the Andrada prospect in Western Australia, offering positive evidence significant lithium mineralisation may be present.

Results of the drilling campaign confirm the Andrada pegmatites align with the Lithium–Caesium–Tantalum (LCT) ‘Goldilocks’ model put forward by the company’s geotechnical team.

“We have observed several encouraging indicators, including progressive enrichment in LCT grades, tantalum distribution, predominance of albite, and zones of extreme fractionation and zonation.” Voltaic’s Chief Executive Officer, Michael Walshe said.

“The pegmatites at Andrada conform to the classic LCT ‘Goldilocks’ model, with fractionation increasing towards the northeast direction, encompassing the Morpheus and Akira prospect areas.”

A progressive rise in LCT grades has been observed repeating at greater depths and increasing in a north-northeasterly direction.

The pegmatites at Andrada display promising widths and supportive LCT anomalies, indicating the potential presence of a larger mineralised system further underground.

The initial findings enhance the regional exploration vectoring model, enabling focused follow-up campaigns.

More than 400 mapped pegmatites and 18 identified regional prospect areas remain untapped in the Ti Tree region.

Voltaic Strategic Resources plans to conduct deeper drilling to fully understand the extent of the mineralisation.

VSR is down 37 per cent at 12:15pm AEST trading at 4.6 cents.

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