- Westar Resources (WSR) intersects multiple thick pegmatites at its Olga Rocks project in Western Australia
- The company completed a maiden reverse circulation (RC) drilling program which included 14 drill holes for a total of 1460 metres
- Westar intersected multiple pegmatite zones, including a 44-metre-wide area intercepted at a depth of 17 metres
- The program tested for lithium-caesium-tantalum-style mineralisation while also testing a historical gold intercept, showing potential for both LCT and gold and base metal mineralisation
- Shares in WSR are soaring, up 91.2 per cent and trading at 6.5 cents at 2:35 pm AEST
Westar Resources (WSR) has intersected multiple thick pegmatites of up to 44 metres in width at its Olga Rocks project in Western Australia.
The company recently completed a maiden reverse circulation (RC) drilling program that included 14 drill holes for a total of 1460 metres.
Westar identified multiple pegmatite zones, including a 44-metre-wide area intercepted at a depth of 17 metres.
Other hits included a 38-metre-wide zone at a depth of nine metres, a 21-metre-wide zone at a depth of 57 metres, and a 15-metre-wide zone at a depth of 29 metres.
Westar Executive Director Lindsay Franker said the company was “delighted” to report results from its proof-of-concept maiden drilling program.
While the program was designed to test for lithium-caesium-tantalum-style mineralisation and test a historical high-grade gold intercept, it showed LCT potential as well as the potential for gold and base metals mineralisation.
“In addition, the magnetite-biotite alteration identified in the gold-validation drill hole supports the potential of gold mineralisation,” Lindsay Franker said.
“The thickness of the interpreted high-magnesium basalts and ultramafic units also require evaluation for base-metal potential.”
Four holes of the 14 encountered ultramafic and high-magnesium basalt units, which are being tested for nickel, cobalt and other base metal potential.
Westar is planning its next phase of drilling, targeting along strike and down dip extensions.
Shares in WSR were soaring, up 6.5 per cent and trading at 91.2 cents at 2:35 pm AEST.