Mr. Kerem Usenmez reports
SOIL SAMPLING IDENTIFIES MULTIPLE NEW TARGETS AT VOLTA'S FALCON WEST LITHIUM PROJECT, ONTARIO, CANADA
Volta Metals Ltd. has released encouraging geochemical results from the recent mobile metal ion soil sampling program completed at the Falcon West lithium project, located in the Thunder Bay mining district of Northwestern Ontario, Canada.
Testing of zones delineated by the high-resolution aeromagnetic and lidar surveys as prospective for lithium-bearing pegmatites has yielded five new priority and five secondary targets with anomalous lithium response ratios.
Soil sampling was completed to identify lithium, cesium and tantalum minerals, as well as signature minerals such as tin, in addition to dispersion minerals, such as rare alkali biotite, tourmaline and holmquistite (a lithium mineral that typically occurs immediately adjacent to typically within five to 20 metres of spodumene mineralization).
In detail, the survey consisted of a series of sample lines spaced every 100 metres oriented orthogonal to the dominant local northeast-southwest ice flow direction. Samples within each line are spaced by approximately 50 m (or 25 m when following up on the 2023 anomalous results). The 2024 survey covers an area of roughly three square kilometres and consists of 330 soil samples. Combined with the 2023 survey, the soil survey covers 4.5 square kilometres, totalling 591 samples.
The MMI soil geochemical technique is based on the partial extraction of soil samples systematically collected from a specific depth below the organic soil horizon. The method has been utilized on a wide range of commodity types, from precious and base metals to rare earth elements. The MMI process utilizes proprietary partial extraction techniques and specific combinations of ligands to keep metals in solution and relies on strict adherence to a sampling procedure. The MMI process does not indicate the grade of mineralization responsible for an MMI anomaly nor the depth of the source region for the anomaly. Accordingly, pairing the MMI results with geophysical surveys provides an effective tool for defining drill targets in terrain where prospective targets are buried by overburden. A peak to background ratio, response ratio, involves determining a background value for each element in a survey area and rationing all the data to that background (average of the lowest quartile). This reduces the effects of time and temperature during the extraction process, allows for the splicing of different data batches, reduces the effects of sampling in different types of soil, and facilitates multielement data presentations for interpretation.
The sizable cluster of targets, which covers an area of approximately 2.5 kilometres by 1.5 kilometres suggests that the Falcon West pegmatite swarm is significantly larger than has been outlined by work to date. The results of this soil sampling program warrant further exploration to potentially discover more lithium-bearing pegmatites within the claim boundaries. The next work program on Falcon West will involve overburden stripping of priority targets to develop additional drill targets.
The company is also pleased to announce that it has completed the purchase of a 100-per-cent interest in the strategic set of claims in the Seymour lithium camp. Additional detail on this purchase was provided in the company's press release dated Nov. 22, 2024, available on the company's website or under the company's issuer profile on SEDAR+.
Qualified person
The technical content of this news release has been reviewed and approved by Andrew Tims, PGeo, who is an independent qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). The QP and the company have not completed sufficient work to verify the historical information on the properties, particularly regarding historical exploration, neighbouring companies and government geological work.
About Volta Metals Ltd.
Volta Metals is a mineral exploration company focused on lithium, cesium and tantalum, and is based in Toronto, Ont. It has optioned and is currently exploring a critical mineral portfolio of lithium, cesium and tantalum projects in Northwestern Ontario, considered one of the most prolific emerging hardrock lithium districts in the world.
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