Volta Metals Ltd. announced the discovery of a new lithium-bearing pegmatite dyke at its Falcon West Lithium property in the Thunder Bay Mining District of Northwest Ontario, Canada. The previously undocumented showing lies 87m east of the Falcon Far West showing, which returned channel samples of up to 1.95% Li2O. The pegmatite outcrop is approximately 8m in length and over 3m wide, cutting through metasediment host rocks.

Spodumene crystals of up to 10 cm in length were noted and detailed field mapping estimates the visible spodumene content ranging from approximately 40-50%. The company has channel sampled the newly discovered pegmatite, and samples have been submitted to the independent Activation Laboratories (ActLabs) in Thunder Bay. The newly discovered JT Lithium showing is surrounded by thick overburden.

Follow-up exploration will include additional removal of overburden to further delineate this significant discovery as part of ongoing drill target definition. The company continues to power wash the moss and thin layer of overburden from the poorly exposed pegmatites, in addition to screening overburden covered areas with geochemical soil sampling. More recent field work has exposed the extension of surface expression of the known Falcon Far West spodumene bearing pegmatite by fire pump washing in 2 locations, with the outcrops now extending 3m wide by 5m long and 4m wide by 7m long, respectively.

The two outcrops are separated by 28m which is covered by overburden, and it is presently unknown whether mineralization and/or additional mineralized pegmatites continue in the intervening area. Following the discovery of this pegmatite trend, the Company selected areas for soil sampling and further prospecting, including the gap between the spodumene bearing pegmatites. Rock samples are sent to ActLabs in Thunder Bay for geochemical analyses, and soil samples are sent to SGS Mineral Services lab in Burnaby, B.C. to further identify drill targets for Phase 2.