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Volt Carbon Technologies Commences Exploration at Mount Copeland REE (Rare Earth Elements) Property and Updates its July 22 News Release on Flow-Through Financing
Calgary, Alberta--(Newsfile Corp. - July 30, 2024) - Volt Carbon Technologies Inc. (TSXV: VCT) (O...
About this update from Volt Carbon Technologies Inc
[{"type":"text","content":"\nVolt Carbon Technologies Commences Exploration at Mount Copeland REE (Rare Earth Elements) Property and Updates its July 22 News Release on Flow-Through FinancingCalgary, Alberta--(Newsfile Corp. - July 30, 2024) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) (\"Volt Carbon\" or the \"Company\") is pleased to announce the initiation of its 2024 exploration program on the Mount Copeland Molybdenum (Moly) and Rare Earth Element (REE) property located in Revelstoke, British Columbia.Exploration Program OverviewVolt Carbon's exploration program at Mount Copeland will primarily focus on sampling the tailings pond, which is believed to contain REE mineralization. In addition, the program will include re-sampling the West extension, the main target, which previously showed good width and elevated REE with magnetic minerals like Pyrrhotite and magnetite near the syenite contact, providing promising drill targets. Further, re-sampling efforts will extend to the high-grade area to the east where the glacier has receded, potentially revealing more accessible mineral deposits. Tailings ponds are often overlooked yet can be rich sources of REEs and critical minerals. Our targeted sampling aims to efficiently recover these resources, leveraging both internal and external laboratory analyses for thorough evaluation. The Mount Copeland property is situated in a geologically favorable region, enhancing its potential to yield significant REE resources. The previously mined molybdenum ore is notable for its clean geochemistry due to its alkaline nature, distinguishing it from other calc-alkaline or non-syenite hosted ores.Historical Data and PotentialHistorical geochemical analysis reports of REEs from previous drilling and rock samples initiated by the Company on Mount Copeland highlight significant REE and Nb potential across various zones. The 1973 Mo mine area features an Mo-Nb vein with extensive underground development. The West extension shows REE-Nb in syenite-carbonate breccia zones, while the East extension reveals REE-Nb in disseminated breccia and vein formations within a glacial ice basin, an area prone to avalanches and rockfalls. A notable geochemical analysis from 2010, conducted 400 meters east of the King Resources 1972-73 molybdenum mine site, reported high-grade REE concentrations in Sample #10AR-20: 13.1% Ce, 10....