Drilling uncovers Spodumene-Bearing Pegmatites at Volta's Falcon West Lithium Property
Volta Metals Ltd. is pleased to announce the completion of the final hole of its inaugural drill program at the Company's Falcon West Lithium Property, located in the Falcon-Seymour corridor in northwestern Ontario. The 11-hole, 933-metre drill program targeted 5 recently discovered spodumene pegmatites within a 300m by 500m area (See news release dated November 14, 2023). All holes intersected near-surface spodumene mineralization, with FW23-07 intersecting a blind, 11.7m wide mineralized pegmatite that it remains open in all directions.
The spodumene mineralization in pegmatites confirms the surface observations of homogeneous spodumene dispersion within an albite-spodumene-type pegmatite system (see the comments by the Company's technical director, Dr. Fred Breaks, in the news releases dated October 3, 2023 and November 14, 2023). Mineralized pegmatite intercepts observed are up to 14.6m wide and 11.9m depth, with a 100% success rate. In detail, at least 2 phases of spodumene mineralization are noted, suggesting the presence of a robust or well developed mineralized system. The spodumene observed in the core is generally coarse-grained, with crystals up to 40cm in length and 2.5cm in width (Figure 1 and Figure 2).
Kerem Usenmez, P.Eng., President and CEO, commented, "We are very pleased with our first-ever drilling program at the Falcon West Lithium Property, which only tested a small portion of the large, ~13km2 land package. Our experienced team's success of discovering and drilling with 100% success in less than 6 months validates the significant mineralization potential of this project and Volta as a whole."
The Company's technical advisor, Dr. Fred Breaks, commented, "The initial results of the drilling program suggest the presence of a stacked spodumene pegmatite system at Far West North that will require further work to verify. The lithochemistry and structural data accrued from this early phase of drilling will greatly aid in the continuing development of a lithium pegmatite exploration model."
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