Volta commences inaugural drill program at Falcon West lithium property
Volta Metals Ltd. is pleased to announce that it has commenced its inaugural drill program at its Falcon West Lithium Property (the "Property"), where recent exploration has discovered multiple outcropping lithium pegmatites over a 300m by 500m area.
The company plans initial drill tests of all of the spodumene-bearing Lithium-pegmatite dykes identified during this summer's Phase 1 exploration program. In detail, the inaugural drill program consists of 11 diamond drillholes designed to confirm the high-grade surface channel sample in addition to extending mineralization at depth.
Kerem Usenmez, P.Eng., President and CEO, commented, "This inaugural drill program marks a significant milestone for the Falcon West Project and for Volta shareholders. Our team has discovered Lithium mineralization on surface, generating drill targets in a very short period of time."
Share Issuance
Pursuant to the terms of the Falcon West option agreement, Volta issued 2,000,000 common shares as part of its option to earn a 100% interest on the Falcon West property. The common shares were issued at a deemed issue price of $0.10 per common share for a total value of $200,000. The Company also issued 140,000 common shares at a deemed price of $0.10 per common shares for a total value of $14,000 as part of its option to earn a 100% interest on the Crescent Lake Property. The common shares will be subject to a hold period of four months and one day from their date of issuance.
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, which is considered to be one of the most prolific, emerging hard-rock lithium districts in the world. To find out more about Volta and its flagship Falcon West Lithium Project, please visit www.voltametals.ca.
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