Volta Metals to dig deep into fresh lithium discoveries

Canadian explorer Volta Metals (TSX-V: VLTA) has launched a structural targeting study as part of its ongoing exploration activities at the Falcon West lithium property in northwestern Ontario, Canada. 

The detailed structural study seeks to enhance the understanding and exploration of the promising lithium-bearing system identified in a recently completed discovery drill program.

That study had identified numerous high-priority targets for further examination thanks to the combination of geochemical soil data and a high-resolution drone magnetic survey.

Volta said the discovery drill program confirmed the presence of at least six near-surface spodumene-albite pegmatite-hosted lithium, cesium, and tantalum pegmatites within a 300-meter corridor. The area is still open for further expansion, indicating the possibility of more discoveries, the company said.

“Structural geology is one key to understanding the emplacement and evolution of lithium-bearing pegmatites,” Fred Breaks, the company’s technical advisor, said in the statement. “The structural study is crucial at this project stage and will further generate prospective targets for our exploration program.”

Northwestern Ontario has become a hub for lithium exploration, with many junior players engaging in active staking and land acquisition activities. Unlike companies focused on precious and base metal exploration, lithium junior miners face a more complex operating environment. 

There are no lithium refineries in the province for converting lithium oxide into high-quality battery-grade material known as lithium hydroxide, though  companies such as Rock Tech Lithium (TSX-V: RCK) are trying to fill this gap. 

The clean technology firm inked earlier this month a binding cooperation agreement with BMI Group to build Ontario’s first refinery at the former Norampac paper mill site. 

Volta Metals is in the final stages of preparing its exploration program for 2024, which will involve comprehensive geochemical sampling, mechanized trenching, and, depending on outcomes, diamond drilling.