Proactive - Interviews for investors

Volta Metals identifies new Lithium targets at Falcon West , advancing exploration in Ontario

Volta Metals CEO Kerem Usenmez joined Steve Darling from Proactive to share promising results from a mobile metal ion (MMI) soil sampling program at the Falcon West Lithium Project in Northwest Ontario. The sampling, guided by high-resolution aeromagnetic and LIDAR surveys, identified five primary and five secondary targets with anomalous lithium response ratios, suggesting strong potential for lithium-bearing pegmatites. The program not only targeted lithium but also cesium, tantalum, and indicative minerals such as tin. Additionally, dispersion minerals like rare-alkali biotite, tourmaline, and holmquistite—a lithium-associated mineral often located within 5 to 20 meters of spodumene mineralization—were detected. The sizable 2.5 km by 1.5 km cluster of targets indicates the Falcon West Pegmatite Swarm could be significantly larger than previously defined. These findings justify further exploration, including overburden stripping of priority targets to develop additional drill sites. Volta Metals is committed to unlocking Falcon West's potential, advancing its position in the critical minerals sector as global demand for lithium continues to grow. #proactiveinvestors #voltametalslit #cse #vlta #LithiumExploration #MiningNews #BatteryMetals #Holmquistite #LithiumMining #DrillingTargets #SustainableMining #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Duration:: 3m
Broadcast on:: 02 Dec 2024
Audio Format:: other

All right, welcome back inside our proactive newsroom. Joining me now is Kram Usumez. He is the CEO of Volta Metals. And Kram, great to see you again. How are you? - Very well, thank you, Steve. Good to see you as well. - Yeah, so company out with news today. And it really stretches out. New lithium targets found. And exciting news for the company. But it's really how you got there, which is really the interesting part of all of this. So maybe talk, start there. Tell me about some of the work that you had done. - Yeah, no, thank you. Thank you for that. - Falcon, our main project keeps delivering, really. When we discovered on surface the pegmatites, we realized quickly that apart from that area, it's mainly covered with till and glacial till as well as soil. So the rocks are not exposed. So a lot of geophysical techniques don't work well for lithium exploration because of the nature of the rocks. What we have found and our neighbors have been successfully employed was MMI soil sampling, which is mobile metal iron. As lithium is very mobile because it's the lightest metal on the, as we know, on the periodic table, it moves into soil. So it indicates that if it is in the soil, chances are it's under the soil in the main rocks. So that's what we've been focusing on, on the areas where we don't have rocks exposed. And so far, we generated more targets initially. And now with the latest news release that came out, we have even more potential targets that we're going to go after. - Yeah, we're talking about 2.5 kilometers by one and a half kilometers in size. And these are a cluster of them that you've sort of identified here that you wanna obviously look into. So it's not like insignificant. This is interesting. - That's right, we started with a very small area, 300 by 500 meters that we know high grade lithium exists. And we're just going around it and over and over. We also look at the historic work that was done to identify the glacial movement of these soils. So we're combining that with some meg surveys that we did and LIDAR as well as boots on the groundwork. So we keep getting more targets, which is very exciting. - So in there, not only lithium, but you're getting a cesium tantalum, a number of other metals. Home quizatite, I think that's how it goes, which is associated with spodramine. So there's a lot of different things that are happening in the soil here. - That's right, yeah. So there's some indicator minerals, such as the ones that you mentioned, as well as tin elements. So we go after those. Definitely, on Couste is a lithium mineral. One of the, I believe, 13 minerals that exist. It's hard to see, hard to find, but we are finding, so now with our recent acquisitions as well, our strike length tripled. So we're just going baby steps, but every step along the way is generating some positive progress. - Yeah, and Krim, last question. Obviously you wanna get to looking at potentially drilling this, but there has to be some work done before that, before you actually get to that point, correct? - Correct, we already have drill targets. We can drill right away as all of our land right now is permitted for that, and our first nations are very supportive. We want to generate more targets before doing so. That's what we're doing in the new year. Hopefully we'll drill all of these targets and increase our footprint. - Good stuff. Krim, thank you so much. Really fascinating work that you've done, and I'm glad we had a chance to share it with you today in the audience. So appreciate your time. - Thank you, and thanks for having me. - All right, Krim use them as the CEO of Volta Metals.