Westar Resources Limited (ASX: WSR) has completed negotiations to acquire 100% of the P77/4070 permit, adjacent to the “Olga Rocks” project in Western Australia.
Olga Rocks is considered highly prospective for lithium, rare metals and gold. P77/4070 compliments the existing tenement holding and is along strike of the NNW trending interpreted central and western pegmatite zone within the southern tenure.
With limited systematic exploration, all of which never targeted the known pegmatite bodies, Westar considers the multiple pegmatite intercepts are highly encouraging, and significantly increases the potential strike length of the LCT type pegmatites interpreted in the southern portion of Olga rocks. With only shallow RAB drilling complete, this tenure will be included in the exploration drilling currently being planned to test the Li mineralisation within the interpreted LCT pegmatite swarm identified.
Although early days for the Olga Rocks project, the pegmatite story is building rapidly with historical drilling indicating substantial thickness and strike extent of the central pegmatite zone and rock-chips indicating LCT-style fractionated pegmatites,” Managing Director, Karl Jupp, said.
“We know we’re in the right district with ASX listed neighbours Zenith Minerals and Xantippe having recent lithium exploration success and the world-class Covalent Lithium Project at Mt Holland is approximately 40km away within the same Southern Cross- Forrestania Greenstone Belt.
“With the current lithium focus we haven’t even begun to evaluate the gold potential of the project either, which from historical intercepts and the number of workings is extremely encouraging.”
Westar field and technical studies have identified three zones of LCT-prospective pegmatite at the Olga Rocks project, being Western, Central and Eastern Zones. Fractionated, LCT-type pegmatite mineralisation has been confirmed from rock chips within the central and eastern zones with mapping confirming several zones can be identified within the outcrops.
Next Steps
Westar has commissioned PGN Geoscience to compile a detailed litho- structural interpretation using high-resolution open file data to assist in providing definition and orientation of the pegmatite under cover and assist in drill targeting for both LCT-style pegmatite mineralisation and gold. Other planned exploration activities include:
- Mapping and rock-chip sampling.
- Ongoing review of historical gold mining reports overlying the tenure.
- Assessing the western Parker Dome tenement for LCT pegmatite potential.
- Permitting and approvals prior to a maiden “Proof of Concept” RC drilling campaign.
