Final error: 0xe0000352 - The specified volume does not exist

I have seen similar posts to my problem but still have not been able to get past this problem.

We had a drive fail, it has since been dismounted and deleted and new backup job created, but it seems this failed E: drive is still the Culprit.

V-79-57344-850 - Snapshot Technology: Initialization failure on: "System?State". Snapshot technology used: Microsoft Volume Shadow Copy Service (VSS).
Snapshot technology error (0xE0000352): The specified volume does not exist. Recreate the volume, and then try the job again