Volta Drills Wide, High-Grade Rare Earth Oxide Mineralization at Springer REE Project in Ontario, Canada
Press Release
⦁ First borehole (SL25-23) returned 0.85% Total Rare Earth Oxide (TREO) over 383.5m (from 44 to 427.5m) within which higher grade zones occur.
⦁ Total intercept is comprised of high-grade premium magnet Light Rare Earth minerals:
⦁ Praseodymium and Neodymium with grades of up to 0.33% and 0.96% respectively.
⦁ Premium magnet Heavy Rare Earth minerals intersected include:
⦁ Terbium (up to 39 g/t) and Dysprosium (up to 154 g/t).
Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (“Volta” or the “Company”) is pleased to announce assay results from the first borehole recently drilled at the Springer Rare Earth Deposit (the “Property”), located outside of Sturgeon Falls, Ontario, Canada (Figure 1).
Borehole SL25-23 was drilled to confirm mineralization grade and continuity in the top 200 metres (“m”) of the historic resource estimate, and to test for additional mineralization at depth (Figure 2 and Figure 3). The thick TREO intercept, within which multiple higher-grade zones occur, is predominantly comprised of Light Rare Earth Elements (“LREEs”) such as Praseodymium, Neodymium, Lanthanum, and Cerium. These LREEs are all used in the manufacture of a wide range of high-tech products including powerful permanent magnets for specialty technology and electronics applications. Additionally, significant amounts of Heavy Rare Earths such as Dysprosium, Terbium, and Yttrium, used in permanent magnets, LED, fluorescent lighting, and lasers, were also encountered (Table 1).
IBF4
