Volta Confirms Continuity and Extends KHZ Zone in Central Area of the Kiaka Gold Project
By Volta Resources Inc., PRNEWednesday, September 1, 2010
Intersects 49.0 m at 4.30 g/t gold, including 11.0 m at 16.83 g/t gold
TORONTO, September 2, 2010 - TSX: VTR
Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) today
announced the latest results from the drilling program completed in July on
the company's Kiaka Gold Project. The Kiaka project is located approximately
120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. To
date, 155 holes (22,818 meters) have been drilled in the Central Area. This
news release reports on some of the holes that were drilled in June and July
2010 which were not used in the previously announced NI 43-101 compliant
resource estimate for the Central Area at Kiaka (see news release of June
29th).
A total of 44 holes for 5,738.12 meters were drilled in June and July
2010. The results reported below relate to infill holes drilled to confirm
continuity of the Kiaka hanging-wall zone ("KHZ") between 5350N and 5750N and
to test the northward extension of the same KHZ zone to 6100N. The highlights
from this drilling include:
- KRD122: 32.0 m (at) 1.00 g/t gold, incl. 7.0 m (at) 1.26 g/t gold
- KRD126: 27.0 m (at) 0.70 g/t gold
- KRD125: 27.0 m (at) 0.92 g/t gold, incl. 4.0 m (at) 2.69 g/t gold
- KRD123: 49.0 m (at) 4.30 g/t gold, incl. 11.0 m (at) 16.83 g/t gold
- KRD131: 19.0 m (at) 1.60 g/t gold
- KRD127: 31.0 m (at) 1.19 g/t gold, incl. 13.0 m (at) 2.27 g/t gold
- KRD128: 31.0 m (at) 0.71 g/t gold, incl. 9.0 m (at) 1.66 g/t gold
- KRD129: 27.0 m (at) 0.98 g/t gold, incl. 6.0 m (at) 1.14 g/t gold
Kevin Bullock, Volta's CEO, said, "These consistent results point to
continuity of gold mineralization in the KHZ zone. We believe the significant
intersections encountered will enhance the gold resources attributable to the
KHZ within the heart of the Central Area and also along strike to the north."
Results for the holes covered by this news release are highlighted in
Table 1 below. Highlights from former Randgold (labeled with prefix RRL) and
Volta holes have been added to the table in order to better appreciate the
extent and geometry of the mineralization. Analyses of the Volta samples were
undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in
Ouagadougou. Volta's sampling and assay procedures included QA/QC elements
that employed the inclusion of certified standards and blanks.
Table 1: Highlights of gold intersections
-----------------------------------------
-------------------------------------------------------------------------
SECTION HOLE ID FROM TO INTERVAL GRADE MID ZONE COMMENT
-------------------------------------------------------------------------
m m m g/t m
-------------------------------------------------------------------------
5400N KRD108 68.00 87.00 19.00 0.94 4 KHZ
-------------------------------------------------------------------
including 71.40 75.00 3.60 1.73 1
-------------------------------------------------------------------
KRD122 54.00 86.00 32.00 1.00 5 KHZ
-------------------------------------------------------------------
including 57.00 64.00 7.00 1.26 2
-------------------------------------------------------------------
including 82.20 85.00 2.80 4.61 0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5450N KRD102 60.30 77.00 16.70 0.97 4 KHZ
-------------------------------------------------------------------
including 67.00 68.80 1.80 4.73 0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5550N KRD124 1.00 6.00 5.00 1.18 0 KHZ
-------------------------------------------------------------------
AND 101.00 119.00 18.00 0.69 4
-------------------------------------------------------------------
AND 160.95 167.55 6.60 1.51 1
-------------------------------------------------------------------
including 164.00 167.55 3.55 2.57 2
-------------------------------------------------------------------
AND 173.00 183.00 10.00 0.65 2
-------------------------------------------------------------------
RRL_KDH21 119.00 134.00 15.00 0.92 2 KHZ
-------------------------------------------------------------------
including 119.00 123.00 4.00 1.95 2
-------------------------------------------------------------------
AND 141.00 164.00 23.00 1.02 5
-------------------------------------------------------------------
including 150.00 154.00 4.00 4.12 1
-------------------------------------------------------------------
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5600N KRD126 42.00 69.00 27.00 0.70 4 KHZ
-------------------------------------------------------------------
AND 99.40 130.16 30.76 0.57 3 ended in
mineralization
-------------------------------------------------------------------
KRD125 7.00 21.00 14.00 0.54 5 KHZ
-------------------------------------------------------------------
including 10.00 13.00 3.00 1.29 0
-------------------------------------------------------------------
AND 49.00 64.00 15.00 0.80 3
-------------------------------------------------------------------
including 96.20 100.00 3.80 1.40 1
-------------------------------------------------------------------
AND 148.00 175.00 27.00 0.92 4
-------------------------------------------------------------------
including 156.00 159.00 3.00 2.77 1
-------------------------------------------------------------------
including 171.00 175.00 4.00 2.69 1
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5650N KRD123 67.00 116.00 49.00 4.30 3 KHZ
-------------------------------------------------------------------
including 67.00 70.00 3.00 1.22 2
-------------------------------------------------------------------
including 74.00 85.00 11.00 16.83 1
-------------------------------------------------------------------
including 101.00 108.00 7.00 0.85 1
-------------------------------------------------------------------
including 112.00 116.00 4.00 1.06 1
-------------------------------------------------------------------
AND 125.00 128.00 3.00 1.16 1
-------------------------------------------------------------------
KRD68 29.00 49.00 20.00 1.47 1 KHZ
-------------------------------------------------------------------
including 29.00 34.00 5.00 1.79 2
-------------------------------------------------------------------
including 39.00 48.00 9.00 2.04 1
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5700N KKRC34 30.00 40.00 10.00 1.55 5 KHZ
-------------------------------------------------------------------
including 36.00 39.00 3.00 3.85 1
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5750N KRD131 27.00 34.00 7.00 1.13 0 KHZ
-------------------------------------------------------------------
including 27.00 32.00 5.00 1.60 2
-------------------------------------------------------------------
AND 51.00 70.00 19.00 1.60 2
-------------------------------------------------------------------------
-------------------------------------------------------------------------
5950N KRD134 42.00 83.00 41.00 0.64 4 KHZ
-------------------------------------------------------------------------
6000N KRD127 69.00 100.00 31.00 1.19 4 KHZ
-------------------------------------------------------------------
including 83.00 96.00 13.00 2.27 2
-------------------------------------------------------------------
KRD130 6.25 33.25 27.00 0.59 4 KHZ
-------------------------------------------------------------------
including 22.25 25.25 3.00 1.25 0
-------------------------------------------------------------------
AND 76.00 93.00 17.00 0.62 2
-------------------------------------------------------------------------
-------------------------------------------------------------------------
6050N RRL_KDH19 50.00 76.00 26.00 0.59 2 KHZ
-------------------------------------------------------------------
AND 83.00 116.00 33.00 0.59 4
-------------------------------------------------------------------
including 111.00 115.00 4.00 1.39 0
-------------------------------------------------------------------
AND 251.00 327.00 76.00 0.52 5
-------------------------------------------------------------------
including 264.00 269.00 5.00 1.94 2
-------------------------------------------------------------------
including 308.00 315.00 7.00 1.07 1
-------------------------------------------------------------------------
-------------------------------------------------------------------------
6100N KRD128 59.00 90.00 31.00 0.71 4 KHZ
-------------------------------------------------------------------
including 79.00 88.00 9.00 1.66 2
-------------------------------------------------------------------
KRD129 0.00 27.00 27.00 0.98 1 KHZ
-------------------------------------------------------------------
including 13.00 19.00 6.00 1.14 2
-------------------------------------------------------------------
including 23.00 26.00 3.00 3.84 1
-------------------------------------------------------------------
AND 33.00 66.00 33.00 0.52 5
-------------------------------------------------------------------
including 35.00 40.00 5.00 1.02 1
-------------------------------------------------------------------
AND 76.00 91.00 15.00 0.66 2
-------------------------------------------------------------------
including 86.00 90.00 4.00 1.21 1
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Notes on Tables 1:
1) Intervals are core length. True width is unknown at this time.
2) Intersections are based on a 0.3 g/t gold cut-off with maximum
internal dilution (MID) of 5m for the lower grade mineralization envelope.
3) In order to highlight the continuity of the high grade zone, a
0.8 g/t gold cut-off with maximum internal dilution of 2m has been
used. No top cut has been applied.
4) The intersections listed in the table represent sections of at least
3m in excess of 1g/t Gold and/or sections of at least 10m in excess
of 0.5g/t Gold.
5) The intersections represent sections drilled by reverse circulation
(RC) and/or cored drilling (see Table 2).
6) The RC portions of the drill holes were sampled at 1-m intervals. Dry
samples were riffle-split to provide 2 kg samples sent to the
laboratory. Wet samples were dried in the field, then riffle-split in
the same way. The cored portion of the drill holes were sampled at
one meter intervals and cut in half using a diamond saw. Half-core is
archived at the core storage facility on site while the other half
was sent to the laboratory.
7) Samples were sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
Certified standards were inserted every 15 samples, field duplicates
(in the RC portions) about every 20 and blanks about every 30
samples. The blanks, certified standards and duplicate assays confirm
that all assays used to compile the intersections quoted here have
passed Volta's rigorous QA/QC checks.
The current drilling has enabled the tracing of significant
mineralization in the KHZ for 750 meters, from section 5350N to section
6100N. The KHZ in the Central Area falls within the area of the open pit
shell defined by SRK (UK) during the definition of the NI43-101 compliant
resource however the results in this released were not received prior to the
cut-off date in June 2010.
The company will shortly release the results from drilling undertaken
just south of the defined resource in the Central Area and from exploratory
drilling undertaken in the South Area.
TABLE 2: Borehole collar coordinates and orientation
----------------------------------------------------
-------------------------------------------------------------------------
Azi- Hole
Hole ID Easting Northing Elevation Dip muth Length RC DD
-------------------------------------------------------------------------
KRD108 739,173 1,289,661 270.00 55 135 120.00 60.00 60.00
-------------------------------------------------------------------------
KRD122 739,275 1,289,560 270.77 55 315 150.00 63.00 87.00
-------------------------------------------------------------------------
KRD123 739,459 1,289,731 270.47 55 315 130.00 57.00 73.00
-------------------------------------------------------------------------
KRD124 739,423 1,289,624 272.00 55 315 211.50 44.00 167.50
-------------------------------------------------------------------------
KRD125 739,445 1,289,674 271.00 55 315 192.00 54.00 138.00
-------------------------------------------------------------------------
KRD126 739,372 1,289,747 273.00 55 135 130.16 51.80 78.36
-------------------------------------------------------------------------
KRD127 739,690 1,289,998 273.00 55 135 102.00 45.40 56.60
-------------------------------------------------------------------------
KRD128 739,761 1,290,069 273.00 55 135 120.00 45.00 75.00
-------------------------------------------------------------------------
KRD129 739,876 1,289,953 272.00 55 135 111.00 45.00 66.00
-------------------------------------------------------------------------
KRD130 739,806 1,289,883 272.00 55 135 111.00 42.00 69.00
-------------------------------------------------------------------------
KRD131 739,481 1,289,853 278.00 55 135 100.40 69.00 31.40
-------------------------------------------------------------------------
KRD134 739,651 1,289,968 274.00 55 135 100.54 71.80 28.74
-------------------------------------------------------------------------
KRD138 739,487 1,289,918 278.50 55 135 170.00 60.00 110.00
-------------------------------------------------------------------------
KKRC34 739,452 1,289,809 272.20 48 135 57.00 57.00 0.00
-------------------------------------------------------------------------
KRD68 739,409 1,289,782 272.38 57 135 51.00 51.00 0.00
-------------------------------------------------------------------------
KRD102 739,222 1,289,685 274.83 55 135 140.00 60.00 80.00
-------------------------------------------------------------------------
RRL_KDH19 739,697 1,290,055 270.46 45 129 426.00 0.00 426.00
-------------------------------------------------------------------------
RRL_KDH21 739,285 1,289,743 272.58 45 134 252.50 0.00 252.50
-------------------------------------------------------------------------
See files.newswire.ca/407/Figure_1.pdf for a map of the Kiaka
Project.
Under the guidelines of National Instrument 43-101, the qualified person
for the Kiaka Gold 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 a
leader in the identification, acquisition and exploration of gold properties
in West Africa. The Company is currently fast-tracking its flagship Kiaka
Gold Project, located in Burkina Faso, towards a development decision.
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.
%SEDAR: 00026749E
For further information: For further information: please refer to our
website www.voltaresources.com or contact Kevin Bullock, P.Eng.,
President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email:
kbullock@voltaresources.com or Andreas Curkovic, Investor Relations,
+1-416-577-9927
For further information: For further information: please contact Kevin Bullock, P.Eng.,
President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email:
kbullock at voltaresources.com or Andreas Curkovic, Investor Relations,
+1-416-577-9927
Tags: Africa, canada, September 2, T.i., Toronto, Volta Resources Inc.
