Soil Sampling Identifies Multiple New Targets at Volta's Falcon West Lithium Project, Ontario, Canada
Soil Sampling Identifies Multiple New Targets
at Volta's Falcon West Lithium Project,
Ontario, Canada
HIGHLIGHTS
Multiple priority targets with Lithium Response Ratios greater than 40 have been
identified for follow-up work
Additional targets were identified within the newly acquired Falcon Extension claims,
extending along the southern boundary of the ZigZag Property
Completed purchase of a 100% interest in strategic claims situated within Caribou Lake
greenstone belt along strike and contiguous to the Seymour and Falcon Lithium trends
Toronto, Ontario--(Newsfile Corp. - December 2, 2024) -
Volta Metals Ltd. (CSE: VLTA) (FSE: D0W)
("Volta"
or the
"Company")
is pleased to announce encouraging geochemical results from the recent
mobile metal ion (MMI) soil sampling program completed at the Falcon West Lithium Project, located in
the Thunder Bay Mining District of Northwest Ontario, Canada.
Targeted to test 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.
Figure 1. Falcon West soil results with additional targets generated.
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Soil sampling was completed to identify lithium, cesium, and tantalum (LCT) 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 5 to 20
metres, spodumene mineralization).
In detail, the survey consisted of a series of sample lines spaced every 100m oriented orthogonal to the
dominant local NE-SW ice-flow direction. Samples within each line are spaced by approximately 50m
(or 25m when following up on the 2023 anomalous results). The 2024 survey covers an area of roughly
3km
2
and consists of 330 soil samples. Combined with the 2023 survey, the soil survey covers 4.5km
2
,
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 multi-element data
presentations for interpretation.
The sizeable cluster of targets, which covers an area of approximately 2.5km by 1.5km 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% 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 November 22, 2024, available on the Company's website at
voltametals.ca
or under the Company's issuer profile on SEDAR+ at
www.sedarplus.ca
.
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew Tims, P.Geo.,
who is an independent Qualified Person (QP) 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.
For more information about the Company, view Volta's website at
www.voltametals.ca
.
ABOUT VOLTA METALS LTD.
Volta Metals Ltd. (CSE: VLTA)
is a mineral exploration company focused on lithium, cesium, and
tantalum and is based in Toronto, Ontario. It has optioned and is currently exploring a critical minerals
portfolio of lithium, cesium, and tantalum projects in Northwestern Ontario, considered one of the most
prolific emerging hard-rock lithium districts in the world. To find out more about Volta and its flagship
Falcon West Project, please visit
voltametals.ca
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email:
Website:
www.voltametals.ca
Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to product development, plans,
strategies, and other statements that are not historical facts. Forward-looking statements are often
identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All
statements other than statements of historical fact included in this news release are forward-looking
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includes but is not limited to, the anticipated use of the net proceeds from the Offerings and the receipt of
all necessary approvals for the Offering. There can be no assurance that such statements will prove to be
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expectations include the risks detailed from time to time in the filings made by the Company with
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no guarantee that such interest if earned, will be certain; the future prices and demand for lithium; and
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is cautioned not to place undue reliance on any forward-looking statements. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and actual
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information, future events, or otherwise, other than as required by law.
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