Volt Carbon Technologies (“Volt Carbon” or the “Company”) (TSXV: VCT) (OTCQB: TORVF) is pleased to announce the acquisition by staking of a 100% owned Abamasagi Lake Lithium Project, (the “Project”) located northwest of Nakina, Ontario, Canada. The mining claims were registered directly by Volt Carbon.
The staking was completed following a detailed review of several publicly available Ontario Government geological
databases and publications. A total of 150 Mining Claim cells were registered by electronic staking through the Ontario Mining Lands Administration System portal, covering a total area of 3100 hectares. A map showing Volt Carbon’s mining claims is overlaid on top of the map provided by the Ontario Ministry of Northern Development (the “OMND”) publication “Recommendations for Exploration 2021-2022”1 and is shown in Figure 1 below. Target area 6 was recommended by the OMND publication as a grassroots exploration property for lithium based on lake sediment anomalies. The area outlined in red and was staked by Volt Carbon. The map provided by the OMND publication showed 98th percentile deep sediment samplings of lithium and cesium anomalies in Abamasagi Lake near the areas staked by Volt Carbon.
The staked property lies within the English River Subprovince and north of the contact with the Caribou Lake greenstone belt and is centred on Abamasagi Lake. In close proximity to this location (Stott et al. 2002)3 . Breaks et al. (2006)2 , noted that near the Abamasagi Lake Road in the vicinity of its junction with the Anaconda Road, a wellexposed, clean, glacially polished outcrop of garnet-biotite-muscovite pegmatitic leucogranite was observed at 02- FWB-54 (UTM 490691E 5591192N, NAD83, Zone 16). Fertile peraluminous granite units are well exposed on glacially polished surfaces at this locality.
Breaks et al. (2006)2 , noted that the bulk composition of a green muscovite ( 02-FWB-54-02) revealed levels of elements indicative of a fertile pegmatitic granite system and, particularly the elevated tantalum (63 ppm Ta), the potential for the presence of beryl-type pegmatites. In addition, the publication recommended that the area be prospected for potential rare-element mineralization
With the addition of these mining claims, Volt Carbon has added mineral claims with potential critical rare earth minerals that could be used to build lithium ion batteries at its Solid Ultrabattery plant in Guelph, Ontario. The new mining claims are within 200km northwest of its Manitouwadge Graphite Project. The close proximity of the two properties will enable the Company to better manage and combine its exploration resources. The Company plans to further explore the property in 2023.