- Volta Metals (CSE:VLTA) has discovered a lithium-bearing pegmatite dyke on its Falcon West lithium property in Ontario
- The lithium pegmatite on its property now extends over a 100-metre-by-250-metre area and remains open for expansion in all directions
- The four spodumene pegmatites have yet to be identified and will be the focus of ongoing exploration on the property
- Shares of Volta Metals are up 3.23 per cent to C$0.16 as of 11:17 am ET
Volta Metals (CSE:VLTA) has made a significant discovery on its Falcon West lithium property in Ontario.
In a news release, the Toronto-based company said it has discovered a lithium-bearing pegmatite dyke that extends over a 100 metres by 250 metres area and remains open for expansion in all directions.
Volta Metals stated the discovery was made approximately 148 metres southwest of the known occurrences, and confirms the presence of a swarm of lithium-cesium-tantalum pegmatites on the property.
The four spodumene pegmatites have yet to be identified but will be the focus of ongoing exploration on the property.
“This is the second lithium discovery this month at Falcon West, which we believe forms part of an ongoing lithium pegmatite swarm,” Kerem Usenmez, CEO of Volta Metals, said in a statement. “All outcropping lithium pegmatites to date remain open for expansion in all directions, including depth, and the exploration team is confident that additional extensions for the LCT system will be forthcoming.”
Dr. Fred Breaks, technical advisor at Volta Metals, said the company believes pegmatites may occur in either direction based on the mineralogical fractionation that is present.
The pegmatite is hosted in metasediment units and has minimum dimensions of 3 metres in length and more than 6 metres wide.
Follow-up exploration will include mechanized removal of overburden to further delineate this significant discovery as part of the ongoing drill target definition.
The company has channel-sampled all four outcropping lithium pegmatites, in addition to screening overburden-covered areas with geochemical soil sampling.
Volta Metals stated it plans to drill these test targets sometime in Q4.
The company is focused on lithium, cesium and tantalum. It is currently exploring a critical minerals portfolio of lithium, cesium, and tantalum projects in Northwestern Ontario.
Shares of Volta Metals are up 3.23 per cent to C$0.16 as of 11:17 am ET.
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