Rare-Earth Discovery in Ontario
Volta Metals Reports Broad Rare-Earth and Gallium Intercepts at Ontario Deposit
Anonymous
Volta Metals reported that its completed 13-hole winter drilling program at the Springer rare-earth deposit in northern Ontario found broad rare-earth mineralization and gallium throughout the assayed lengths of key holes. Hole SL26-29 included 165.3 meters grading 1.36% total rare-earth oxides and 81.3 grams per tonne gallium oxide, plus a 2.95-meter higher-grade interval; SL26-30 also showed enrichment in dysprosium and terbium, used in high-performance magnets. Mineralization remains open at depth and extends beyond the conceptual open pit, while gallium is not included in Springer’s current resource estimate. Volta plans an initial gallium estimate and an updated rare-earth resource, expected in the fourth quarter, though the gallium estimate remains subject to confirmatory metallurgical testing.
Key Points
1
Hole SL26-29 returned a broader intercept of 351 metres grading 0.96% total rare-earth oxides and 68.6 g/t gallium, including a separate 37.5-metre interval grading 2.2% rare-earth oxides and 114.9 g/t gallium.
2
The deepest portion of SL26-29 remained mineralized more than 400 metres below surface, with a near-bottom sample grading 1.97% total rare-earth oxides and 101.6 g/t gallium; the hole extended mineralization 190 metres east of the conceptual open-pit boundary.
3
Within a three-metre interval in SL26-30, dysprosium and terbium together accounted for 18.2% of total rare-earth oxides, including 278 g/t dysprosium oxide and 44 g/t terbium oxide.
4
Springer is about 70 kilometres east of Sudbury and has road access—advantages in a country with no producing rare-earth mines, according to The Northern Miner.
Sentiment
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