Voltaic Strategic Resources (ASX: VSR) has obtained positive results from recent reconnaissance rock chip sampling at the Eldinero prospect, part of our Meekatharra project in WA.
The company has visually confirmed the presence of copper-gold mineralisation within structural quartz veins. This positive development marks a significant step forward in our exploration efforts, reinforcing the potential of the project and laying the groundwork for additional discoveries.
Quartz veins, often associated with structural features such as faults and shear zones, can act as conduits for mineralising fluids. This suggests that the area has experienced significant hydrothermal activity, capable of depositing valuable minerals. These findings provide a strong foundation for more detailed and extensive exploration efforts. Furthermore, the presence of several historical and active quartz-vein hosted shear-related gold deposits along the strike of our tenement package, such as Westgold’s Paddy’s Flat and Great Fingal, enhances the prospectivity of the company’s project.
The Meekatharra project comprises seven granted exploration licences within a prolific gold precinct which has produced several million ounces historically and is home to Westgold Resources, soon to be Australia’s newest mid-tier gold producer through a merger with Karora Resources Ltd2. Westgold’s Murchison Operations include four underground mines, two processing plants, and three development projects, all of which are located within trucking distance of Voltaic's tenements.
“Samples collected from recent reconnaissance at the Eldinero prospect, combined with the presence of historical and active quartz-vein hosted shear-related gold deposits along the strike of our tenement package, lays a solid foundation for more detailed exploration. We eagerly await the results of the elemental analyses of the samples currently at the laboratory and the follow-up surface exploration programme to extend and delineate the mineralised footprint,” CEO, Michael Walshe, said.
