Volta Intersects multiple high-grade Lithium zones at its Falcon West Property, Ontario, Canada Highlights include 1.50% Li2O over 5.15m and 1.24% Li2O over 15.6m – all zones remain open for expansion
ANNOUNCEMENT
February 12, 2024
700a-390 Bay Street, Toronto, ON M5H 2Y2
T 416.919.9060
CSE: VLTA | voltametals.ca 1
Volta Intersects multiple high-grade Lithium zones at its Falcon
West Property, Ontario, Canada
Highlights include 1.50% Li2O over 5.15m and 1.24% Li2O over 15.6m –
all zones remain open for expansion
Volta Metals Ltd. (CSE: VLTA) (“Volta” or the “Company”) is pleased to report assay results from
11 drill holes completed from the inaugural drill program at the Company’s Falcon West Lithium
Property (the “Property”), in northwestern Ontario, Canada. The drill holes intersected near-
surface spodumene-albite pegmatite hosted lithium, cesium and tantalum mineralization which
remains open for expansion. (Table 1, Figure 1 through Figure 4).
Table 1. Assay highlights for drill holes completed at Falcon West Project
Hole ID From (m) To (m) Length
(m)
Li2O % Cs (ppm) Ta (ppm) Pegmatite
FW23-01 12.4 19 6.6 1.03 297.2 77.2 AM
FW23-02 24.9 29.8 4.9 0.04 169.8 91.6 AM
FW23-03 8.0 11.9 3.9 1.41 52.2 43.2 CDC
FW23-04 11.6 21.7 10.1 1.11 64.0 46.1 CDC
FW23-05 13.7 29.3 15.6 1.24 155.5 55.4 Far West South
FW23-06 30.65 32.45 1.8 0.74 85.6 32.8 Far West South
FW23-07 15.65 20.8 5.15 1.50 79.8 39.1 Far West North
FW23-08 28.4 37.2 8.8 1.2 72.3 33.1 Far West North
FW23-09 7.5 11.65 4.15 1.20 98.6 43.3 JT
FW23-10 14.6 21.4 6.8 1.18 64.1 30.3 JT
FW23-11 12.3 13 0.7 0.77 29.7 62.0 AM
The Company’s technical advisor, Dr. Fred Breaks, commented, “The assay results with high-
grade Lithium, and strongly anomalous associated rare metals, with maximum values of
Cesium (793 ppm), Tantalum (177 ppm), Rubidium (>5000 ppm) and Tin (1750 ppm), suggest
the transition of an albite-spodumene-type pegmatite system into local zones of more evolved,
complex-type pegmatite mineralization in the Falcon West pegmatite group. Undiscovered
pegmatites of complex-type could exist to the west in the direction of increasing fractionation
and are exemplified at the nearby North and South Aubry pegmatites of Green Technology
Metals (cf. Breaks, Selway and Tindle 2006). The lithochemistry and structural data from this
early phase of drilling will greatly aid in the continuing development of a lithium pegmatite
exploration model.”
This initial drilling was designed to test the five spodumene-bearing pegmatites discovered
during Volta’s 2023 exploration program which screened a small section of the large 13km2
property. All 11 boreholes hit mineralization in 5 known pegmatites, and hole FW23 -07
intersected blind pegmatite from 47.4m to 59.1, before the end of hole at 60.1m.
CSE:VLTA | voltametals.ca 2
Figure 1. Borehole FW23-05 Core Samples showing high-grade (>1.3% Li2O) spodumene
mineralization (Far West South “FWS” Pegmatite)
Figure 2. Core showing high-grade (1.5% Li2O) spodumene mineralization in Hole FW23-07
(Far West North “FWN” Pegmatite)
CSE:VLTA | voltametals.ca 3
Figure 3. Drill collar locations with mineralized outcrops
The success of the drilling highlights the significant potential of the Falcon West Lithium Project.
The data will enable the Company’s exploration team to improve their knowledge of the
structural orientations of the pegmatites and enhance drill-hole design for the 2024 exploration
program.
The Company is currently finalizing its 2024 exploration program which will include designing the
including diamond drilling, mechanized trenching, and further geochemical sampling.
Kerem Usenmez, P.Eng., President and CEO, commented, “We are thrilled by these assay results
from our first drill program targeting the spodumene pegmatite swarm. These high-grade
Lithium results, along with strongly anomalous Cesium and Tantalum, suggest the presence of
a large LCT mineralized system within the Falcon West Project. Future exploration will follow
up on these drill results, and also other identified targets generated from soil geochemistry and
magnetic surveys.”
CSE:VLTA | voltametals.ca 4
Figure 4. Drill section with spodumene intercepts for Borehole FW23-07 & 8 (FWN Pegmatite)
QA/QC Protocol
Volta implemented a strict QA/QC protocol in processing all rock samples collected from the
diamond core samples obtained from the Falcon West Lithium property. The protocol included
inserting and monitoring appropriate reference materials, in this case, high-concentration and
low-concentration certified OREAS lithium standards, blanks, and duplicates, to va lidate the
accuracy and precision of the assay results. All collected rock core samples were put in sturdy
plastic bags, tagged, and sealed by professional geologists. Sample bags were then put in rice
pouches and kept secure before being sent by road transport to Activation Laboratories Ltd. in
Thunder Bay, Ontario. The lithium is being analyzed by Peroxide Fusion ICP-OES method (8-Li
package).
CSE:VLTA | voltametals.ca 5
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew Tims,
P.Geo., 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.
Frankfurt Stock Exchange Listing
The Company is pleased to announce the listing of its common shares on the Frankfurt Stock
Exchange (“FSE”) under the symbol “D0W. " The shares are now cross-listed and available for
trading on Germany’s largest stock exchange.
The FSE is one of the world's largest international securities trading centres. Operated by
Deutsche Boerse AG, it is the largest of Germany's seven stock exchanges and handles
approximately 90 percent of all securities traded in Germany. The FSE facilitates advanced
electronic trading, settlement, and information systems and enables cross-border trading for
international investors.
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 based in Toronto, Ontario,
focused on lithium, cesium, and tantalum. It has optioned and is currently exploring a critical
minerals portfolio of lithium, cesium, and tantalum projects in northwestern Ontario, considered
one of the world's most prolific, emerging hard-rock lithium districts. To learn more about Volta
and its flagship Falcon West Lithium Project, please visit www.voltametals.ca.
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email: [email protected]
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
statements that involve risks and uncertainties. Forward -looking information in this news release
CSE:VLTA | voltametals.ca 6
includes, but is not limited to, including the Company’s planned exploration activities and the Company’s
aim to prevent and minimize impacts on the First Nations through a variety of mitigation measures and
offsetting benefits. There can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company’s expectations include: the
risks detailed from time to time in the filings made by the Company with securities regulators; the fact
that Volta’s interests in the Property are options only and there are no guarantee that such interest, if
earned, will be certain; the future prices and demand for lithium; and delays or the inability of the
Company to obtain any necessary approvals, permits and authorizations required to carry out its business
plans. The reader is cautioned that assumptions used in the preparation of any forw ard-looking
statements may prove to be incorrect. Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company. The reader 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 results may differ materially
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by this cautionary statement. The forward-looking statements contained in this news release are made as
of the date of this news release, and the Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events, or otherwise,
other than as required by law.