Voltaic Strategic Resources Ltd (ASX: VSR) Reports High-Grade Gold at Kooline Project
The Kooline Project in Western Australia is showing promising results with significant high-grade gold and antimony mineralisation confirmed at the Spilsbury and Treadle Prospects. Recent assays indicate gold levels up to 12.4 g/t and 7.2 g/t, along with noteworthy silver and lead concentrations, highlighting the project’s extensive poly-metallic potential.
Exploration Highlights
The Spilsbury Prospect demonstrates mineralisation over a 500m strike length, showcasing rock chip assays of 3.7 g/t gold, 0.32% antimony, and 12.7% lead. The Treadle Prospect has yielded promising results, with 7.2 g/t gold, 130 g/t silver, and lead levels reaching 25.6%. This substantial mineralisation points to a robust gold-poly-metallic system in the project area.
Voltaic Strategic Resources Ltd (ASX: VSR) is strategically positioned within a corridor analogous to prominent regional deposits like Paulsens Gold (1.45Moz) and Mt Olympus (1.6Moz). The project’s early success has prompted the company to evaluate the potential expansion of its landholding to optimise exploration opportunities.
Future Plans
Immediate plans include targeted mapping and drilling to analyse the continuity of high-grade mineralisation. Voltaic intends to conduct comprehensive surface geochemical surveys in the Cheela and Baring Downs Fault Zones to refine existing targets. Detailed structural geological mapping is also on the agenda, aiming to understand mineralisation controls and further delineate drill targets.
Executive Comments
Michael Walshe, Non-Executive Director of Voltaic, remarked, “These results highlight the significant discovery potential at Kooline, situated within a prolific gold belt surrounded by past producing mines. Our exploration strategy focuses on proven structural corridors, akin to those hosting world-class deposits.” He expressed optimism about the project’s early successes and the potential for further discoveries in the area.
Release authorised by the Board of Voltaic Strategic Resources Ltd.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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