Volta Continues to Report Wide Gold Intercepts at its Kiaka Gold Project in Burkina Faso Including 219m (at) 0.90g/t Au and 90.90m (at) 1.06g/t Au
By Volta Resources Inc., PRNETuesday, March 30, 2010
TORONTO, March 31, 2010 - Volta Resources Inc. ("Volta" or the "Company")
(TSX: VTR) announces the drill results from the next completed section at its
Kiaka Gold Project, located approximately 120 kilometres southeast of
Ouagadougou, the capital city of Burkina Faso. To date, 72 holes (~11,810
meters) have been completed of a program comprising more than 150 holes
((greater than)22,000 meters). So far results have been received for 48
holes, with this news release covering the latest 7 holes, which are all
located on Section 5500N. The highlights from this section include:
- KRD42 : 133.00m (at) 0.72g/t Au, including 3.1m (at) 1.69g/t Au
and 7m (at) 1.69g/t Au
- KRD43 : 219.00m (at) 0.90g/t Au, including 4.0m (at) 4.35g/t Au
and 16m (at) 1.60g/t Au
- KDH41 : 10.00m (at) 1.81g/t Au AND 9m (at)1.44 g/t Au
- KDH49 : 90.90m (at) 1.06g/t Au, including 23m (at) 1.33g/t Au and
4.05m (at) 2.43g/t Au and 9m (at) 1.49g/t Au
- KKRC27 : 12.00m (at) 1.31g/t Au, including 5m (at) 2.70g/t Au
(ended in mineralization)
Kevin Bullock, Volta's CEO, said, "These infill drilling results confirm
the very wide intersections encountered in previous sections drilled at the
Kiaka Central Area and provide further evidence for our upcoming initial
resource estimate. In addition, we are able to trace discrete higher grade
zones within the broad mineralized low grade envelope from hole to hole and
from section to section suggesting numerous opportunities to broaden the
potential outlined by the historical drilling done at Kiaka."
In order to appreciate the extent and geometry of the mineralization on
the 5500N section, the results for the intersections for these holes are
highlighted in Table 1 below and on the section in Figure 2. 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 from Section 5500N
------------------------------------------------------------------------
Hole ID From To Interval Grade Comment
m m m g/t Au
------------------------------------------------------------------------
KKRC26 59.00 97.00 38.00 0.81
------------------------------------------------------------------------
Including 60.00 63.00 3.00 1.88
------------------------------------------------------------------------
Including 89.00 93.00 4.00 3.96
------------------------------------------------------------------------
------------------------------------------------------------------------
KKRC25 26.00 34.00 8.00 0.74
------------------------------------------------------------------------
Including 31.00 34.00 3.00 1.00
------------------------------------------------------------------------
AND 73.00 89.00 16.00 0.66
------------------------------------------------------------------------
Including 82.00 86.00 4.00 1.82
------------------------------------------------------------------------
------------------------------------------------------------------------
KRD42 2.10 12.10 10.00 0.54
------------------------------------------------------------------------
AND 47.10 84.10 37.00 0.56
------------------------------------------------------------------------
Including 72.10 75.10 3.00 1.33
------------------------------------------------------------------------
AND 109.00 242.00 133.00 0.72
------------------------------------------------------------------------
Including 125.00 128.10 3.10 1.69
------------------------------------------------------------------------
Including 131.00 141.00 10.00 1.09
------------------------------------------------------------------------
Including 169.00 174.00 5.00 1.45
------------------------------------------------------------------------
Including 202.00 205.00 3.00 1.18
------------------------------------------------------------------------
Including 214.00 221.00 7.00 1.69
------------------------------------------------------------------------
------------------------------------------------------------------------
KRD43 0.00 219.00 219.00 0.90 MID (equal sign) 5.4m
------------------------------------------------------------------------
Including 3.50 26.50 23.00 1.11
------------------------------------------------------------------------
Including 52.50 82.50 30.00 1.39
------------------------------------------------------------------------
Including 111.00 127.00 16.00 1.60
------------------------------------------------------------------------
Including 145.00 158.00 13.00 1.30
------------------------------------------------------------------------
Including 168.00 172.00 4.00 4.35
------------------------------------------------------------------------
Including 177.00 183.00 6.00 1.02
------------------------------------------------------------------------
------------------------------------------------------------------------
KDH41 25.00 66.25 41.25 0.86
------------------------------------------------------------------------
Including 33.00 47.00 14.00 1.32
------------------------------------------------------------------------
Including 51.00 61.25 10.25 0.80
------------------------------------------------------------------------
AND 133.00 213.05 80.05 0.78
------------------------------------------------------------------------
Including 151.00 161.00 10.00 1.81
------------------------------------------------------------------------
Including 181.00 200.00 19.00 1.44
------------------------------------------------------------------------
------------------------------------------------------------------------
KRD49 10.10 101.00 90.90 1.06
------------------------------------------------------------------------
Including 13.10 36.10 23.00 1.33
------------------------------------------------------------------------
Including 39.10 64.10 25.00 1.22
------------------------------------------------------------------------
Including 89.95 94.00 4.05 2.43
------------------------------------------------------------------------
AND 131.25 158.00 26.75 0.94
------------------------------------------------------------------------
Including 137.00 141.00 4.00 1.27
------------------------------------------------------------------------
Including 145.00 154.00 9.00 1.49
------------------------------------------------------------------------
------------------------------------------------------------------------
KKRC27 0.00 54.00 54.00 0.54
------------------------------------------------------------------------
Including 48.00 52.00 4.00 1.12
------------------------------------------------------------------------
AND 88.00 100.00 12.00 1.31 Ended in mineralisation
------------------------------------------------------------------------
Including 88.00 93.00 5.00 2.70
------------------------------------------------------------------------
------------------------------------------------------------------------
NOTES:
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 of 5m for the lower grade mineralization envelope
(increased to 5.4m for KDH43).
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 Au and/or sections of at least 10m in excess of
0.5g/t Au.
5) The intersections also 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 metre 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
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 assay results of drill hole KDH46, which has been drilled on the
5500N section (see figure 2), have not yet been received from the laboratory.
Volta's current drill program will test 1,200m strike of the 2,800m long
KMZ zone and 500m of the (greater than)700m long KHZ zone. The program will
infill and extend drilling on the Central Area such that the KMZ zone is
drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to
200m depth. The company is currently reviewing initial data from the first 4
holes drilled to intersect the KHZ zone in the South Area. Initial results
suggest that it would be better to drill a series of long cross sections
across the South Area instead of infill drilling here to add to the NI 43-101
compliant resources that will be derived for the Central Area.
The drill program has been optimized with input from SRK Consulting (UK)
to ensure that the delivery of the independent resource consultant's NI
43-101 compliant resource is delivered before the end of June 2010.
TABLE 2: Borehole collar coordinates and orientation parameters
-------------------------------------------------------------------------
Hole Easting Northing Eleva- Total Dip Azimuth RC DD
ID tion depth (degrees)(degrees) (m) (m)
(m) (m)
-------------------------------------------------------------------------
KDH41 739494 1289482 267.4 260.00 -55 315 260.00
-------------------------------------------------------------------------
KDH46 739387 1289586 269.4 300.00 -55 135 300.00
-------------------------------------------------------------------------
KKRC25 739350 1289623 270.5 99.50 -55 135 99.50
-------------------------------------------------------------------------
KKRC26 739298 1289674 271.1 100.00 -56 135 100.00
-------------------------------------------------------------------------
KKRC27 739529 1289447 266.4 100.00 -57 135 100.00
-------------------------------------------------------------------------
KRD42 739422 1289553 268.8 245,30 -57 135 102.10 142.90
-------------------------------------------------------------------------
KRD43 739458 1289516 267.9 239.97 -55 135 90.50 149.50
-------------------------------------------------------------------------
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 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.
To view Figure 1 and Figure 2 of the Kiaka Gold Project, please visit:
files.newswire.ca/407/Volta_Kiaka.doc
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
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
