Volt Carbon Technologies Lochaber Mineral Property
The Lochaber Property is located in the Province of Quebec. The Property consists of nine tenures (540.82 ha). The tenures are registered with the Ministère de l’Énergie et Ressources Naturelles du Québec (MERN) to the Company. The nine tenures all expire on June 23, 2023. Volt plans to continue to keep these tenures in good standing beyond 2024. It is anticipated that the Company’s air classification process may be used in the future development of the Lochaber Property.
Mineral Resources Disclosure Information
This webpage contains mineral resources disclosure information within the meaning of applicable securities laws. The mineral resource statements in this webpage include but are not limited to statements with respect to: the existence of sources of Graphite, the Company’s mineral permit holdings in Quebec, the historical concentrations of Graphite in the Company’s project areas (the “Historical Estimate“).
A qualified person has not done sufficient work to classify this historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimates should not be relied upon and there can be no assurance that any of the mineralization, in whole or part, will ever become economically viable.
| Source and date of the Historical
Estimate (including the existing technical report, if any) |
The Resource estimate generated by w SRK Consulting (Canada) Inc. (SRK Project Number 5CG012.000) July 31, 2015. Authored By Sébastien Bernier, P. Geo., Dominic Chartier, P. Geo., and Ernest Burga, P. Eng. |
| Relevance and reliability of Historical Estimate | Volt acquired the property in 2018 consisting of 37 claims which subsequently expired. In 2021 Volt reclaimed 9 of 30 Estimate claims at the location of the mineral deposit. It is estimated that approximately on 40% of the resource occurs on Volt’s mining claims. |
| Key assumptions, parameters, and methods used to prepare the Historical Estimate | This report is based on extensive work performed by Rock Tech which include grab samples, trenching and 37 boreholes (6,981 metres of drilling). Between 2012-2014 A total of 3,730 samples (3,629 metres) was collected by Rock Tech for assaying. In addition, Great Lakes graphite who took this property on in 2014 collected an additional 499 samples (485 metres) from the 2012 drilling program in 20 of the 37 boreholes. The graphite bearing zones were typically sampled at 1-metre intervals. The historic 43-101 is based on these samples. |
| Resource categories used (see CIM Definition Standards on Mineral Resources and Mineral Reserves) | The resource categories are indicated mineral resource and inferred mineral resource. |
| More recent estimates or data available | In May of 2021 Volt collected airborne survey data on the property. Since then no further work has been performed on the property. |
| Work that needs to be done to upgrade or verify the historical estimate as current mineral resources or mineral reserves | An independent Qualified Person will be required to review and validate the historical data and historical estimates and compile an updated current Technical Report in accordance with NI 43-101. |