Volta Announces Reverse Circulation Drill Program at its Kampti Gold Project in Burkina Faso
By Prne, Gaea News NetworkTuesday, May 19, 2009
TORONTO, Canada - Volta Resources Inc. (”Volta” or the “Company”) (TSX:VTR) is pleased to announce that it has commenced a 1,500-metre Reverse Circulation (”RC”) drilling program on the Maména-Fofora prospect at its 100% owned Kampti III property in southern Burkina Faso. RC drilling to depths of up to 100 metres will assess 3 target zones initially identified during the Company’s previous RC drilling programs and subsequently enhanced in a recently completed auger drilling campaign.
The Company has purchased its own tractor-mounted power auger drilling rig in order to adequately sample areas where complex and transported regolith cover has potentially masked the geochemical response expected over mineralization. The auger drilling program was carried out at Kampti in April comprising a total of 243 holes, averaging approximately 4m depth, over Zone B and Zone C on the Maména-Fofora prospect located at the northernmost part of the Kampti permit (See Figure 1). This drilling linked and extended previously identified mineralization (see Goldcrest Resources Ltd. news release, January 25, 2007 and Volta’s news release of April 8, 2008) in areas where complex regolith is contaminated by abundant artisanal gold workings.
To view Figure 1, please visit:
files.newswire.ca/407/Volta-Kampti-Drilling.JPG
ZONE A: RC drilling will test the northern extension of a prominent ——- NNW-trending structural feature, defined by coincident chargeable and resistive zones identified during a gradient array induced polarization (”IP”) survey undertaken by the Company. This structure extends for several kilometres along strike and widens up in its northern part where it is cross-cut by a major NNE-trending shear. The structure hosts numerous artisanal gold workings along the trend extending for over 700m. Previous drilling in the northern part of this structure returned encouraging gold intersections including: ————————————————————- HOLE No. FROM (m) RC LENGTH (m) GOLD GRADE (g/t) ————————————————————- ————————————————————- RC9 73 16 1.76 ————————————————————- and 101 28 3.64 ————————————————————- and 130 2 35.0 ————————————————————- RC17 31 7 1.57 ————————————————————- and 65 1 1.60 ————————————————————- and 101 1 32.0 ————————————————————- and 118 8 0.77 ————————————————————- and 141 3 0.78 ————————————————————- RC18 54 14 0.60 ————————————————————- RC19 73 3 8.40 ————————————————————- and 101 2 10.3 ————————————————————- and 130 7 1.50 ————————————————————- RC23 24 7 0.82 ————————————————————- and 34 2 1.96 ————————————————————- and 46 4 2.07 ————————————————————- and 133 2 1.70 ————————————————————- ZONE B: Auger drilling at Zone B confirms that a NNW and SSE trending ——- parallel structure, similar to Zone A, extends for approximately 500 metres along strike. The RC drilling will test the extension of the mineralization intersected by previous holes including: ————————————————————- HOLE No. FROM (m) RC LENGTH (m) GOLD GRADE (g/t) ————————————————————- ————————————————————- RC4 22 12 0.65 ————————————————————- and 66 2 4.50 ————————————————————- and 88 10 0.85 ————————————————————- RC5 0 6 1.27 ————————————————————- and 102 12 6.72 ————————————————————- incl. 102 2 37.9 ————————————————————- and 122 8 0.98 ————————————————————- RC28 59 8 11.8 ————————————————————- and 72 6 1.62 ————————————————————- ZONE C: Recent auger drilling has also confirmed significant gold ——- anomalism ((greater than)0.1g.t) along a NNE-SSW trending structure immediately NE of Zone A. This coincides with a right lateral jog in the coincident IP anomaly and lines up with a significant intersection encountered in a previous hole: ————————————————————- HOLE No. FROM (m) RC LENGTH (m) GOLD GRADE (g/t) ————————————————————- ————————————————————- RC27 102 8 12.3 ————————————————————-
Under the guidelines of National Instrument 43-101, the qualified person for the Kampti project is Mr. Guy Franceschi, Vice President, Exploration for Volta. Mr. Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.
Volta is a mineral exploration company primarily focused on becoming the leader in the identification, acquisition and exploration of gold properties in West Africa. The Company is committed to West African exploration and is Canadian-based with its head office in Toronto, Ontario and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso.
Forward Looking Information Caution:
This press release presents “forward-looking statements” within the meaning of Canadian securities legislation that involve inherent risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results ” may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved “. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Volta to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to international operations, risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Volta believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. Volta Resources does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
TSX: VTR
For further information: please refer to our website www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-(416)-867-2299, Fax: +1-(416)-867-2298, Email: kbullock@voltaresources.com/
Source: Volta Resources Inc.
For further information: please refer to our website https://www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-(416)-867-2299, Fax: +1-(416)-867-2298, Email: kbullock at voltaresources.com/
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