Voyager Resources (VOR)

Shares / Stock Code

VOR

Stock Exchange / Sharemarket

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Voyager Resources (VOR), previously known as Lafayette Mining Limited (LAF), is an exploration company searching primarily for gold. The company has an advanced gold project in Gabon and two high-quality gold projects under assessment in Mongolia. Lafayette was officially listed on the Australian Stock Exchange on 29 August 1997. VOR's main focus is on acquiring, funding and development of gold projects. Investors can trade Voyager Resources shares on the Australian Stock Exchange (ASX).

VOR's major customers would include the retail, wholesale and international markets. Its competitors consist of other companies mining for gold. The mining industry is a global industry, which is highly competitive.

The Daltiin Ovor Gold Project is located approximately 600 km south west of the Mongolian capital of Ulaanbaatar. The property is 792 hectares in size and is situated within the Bayankhongor Gold Belt in south central Mongolia. This approximately 200km long belt is located within a north west trending island arc terrane containing metamorphic, volcaniclastic and terrigenous sedimentary rocks which have been intruded by a suite of granitic intrusions. Gold, silver and copper mineralisation at Daltiin Ovor is associated with a garnet + pyroxene rich skarn exposed in the hinge (North Zone) and western limb (Central and South Zones) of a synclinal fold structure. The three skarn zones are located over a strike length of approximately 900m. The syncline formed within a sequence of interbedded schist, limestone, sandstone and shale with a reported thickness of 340 to 450m.

The skarn zones are developed within steeply dipping, generally silicified and often banded marble / limestone unit adjacent to a conformable diabase intrusion with mineralisation likely to have formed through the interaction of fluids derived from later granitic intrusions permeating the folded contact.

Trenching, rock chip sampling, soil geochemistry, ground magnetics and an Induced Polarisation geophysical survey have been completed at Daltiin Ovor. A total of 1,837 soil samples have been collected over thirty separate lines, with the lines spaced approximately 50 metres and extending for an average length of about 120 metres.