Volta Intersects 82.10 Meters at 2.27 g/t Gold From its Kiaka Gold Project in Burkina Faso
By Volta Resources Inc., PRNEMonday, March 1, 2010
TORONTO, March 2, 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, 52 holes (~8,200
meters) have been completed of a program comprising more than 150 holes
(greater than 22,000 meters). So far results have been received for 40 holes,
with this news release covering the latest 9 holes, which are all located on
Section 5400N. The highlights from this section include:
- KKRC21 : 38.0m (at) 1.39g/t Au, including 6m (at) 3.61g/t Au
- KKRC21 : 43.0m (at) 0.96g/t Au, including 6m (at) 1.57g/t Au
- KKRC24 : 24.0m (at) 1.31g/t Au, including 7m (at) 3.20g/t Au
- KKRC24 : 42.0m (at) 1.33g/t Au, including 8m (at) 3.07g/t Au
- KRD35 : 65.0m (at) 0.78g/t Au, including 6m (at) 2.03g/t Au
- KRD35 : 16.0m (at) 1.31g/t Au
- KRD38 : 82.1m (at) 2.27g/t Au
- KRD40 : 45.0m (at) 0.86g/t Au, including 10m (at) 1.46g/t Au
- KKRC22 : 14.0m (at) 2.38g/t Au
- KKRC23 : 8.0m (at) 2.28g/t Au, including 4m (at) 4.23g/t Au
- KDH36 : 42.5m (at) 1.57g/t Au, including 9m (at) 3.67g/t Au
- KDH36 : 33.0m (at) 1.11g/t Au, including 6m (at) 3.72g/t Au
- KDH37 : 70.35m (at) 1.10g/t Au, including 12m (at) 1.55g/t Au
Kevin Bullock, Volta's President and CEO, said, "These latest results
continue to show what are emerging as the hallmarks of Kiaka - continuity,
consistency and broad widths. Although we are still early in our drill
program, we have already demonstrated that Kiaka contains mineralized zones
that were not strongly evident in the historical outline of the deposit."
The current drill program continues to intersect broad zones of
mineralization at Kiaka for the KMZ. These zones include higher grade
portions which can be related to a distinct alteration style and more intense
deformation that can be traced from section to section. A moderately easterly
dipping normal fault has been inferred on Section 5400N, displacing the upper
block to the east. Significantly, a very well mineralized wide hanging wall
zone of mineralization has been intersected in KKRC24 and this will be
followed up on ensuing sections to the northeast.
All holes were drilled on the same section, inclined between -55 degrees
to -60 degrees (see Figure 1). In all, 1729 samples and 205 control samples
(standards, duplicates and blanks), were submitted to ALS Chemex's
laboratories in Ouagadougou, Burkina Faso for gold analysis by fire assay on
a 50g charge. In order to appreciate the extent and geometry of the
mineralization on the 5400N section, the results for the intersections for
these holes are highlighted in Table1 below and on the section in Figure 2.
Table 1: Highlights from Section 5400N
--------------------------------------------------------------------
Hole ID From To Interval Grade Comment
m m m g/t Au
--------------------------------------------------------------------
KKRC21 4.00 42.00 38.00 1.39
--------------------------------------------------
Including 7.00 25.00 18.00 1.32
--------------------------------------------------
Including 34.00 40.00 6.00 3.61
--------------------------------------------------
Halted in
AND 57.00 100.00 43.00 0.96 mineralization
--------------------------------------------------
Including 57.00 72.00 15.00 1.33
--------------------------------------------------
Including 76.00 82.00 6.00 1.57
KKRC24 4.00 28.00 24.00 1.31
--------------------------------------------------
Including 14.00 21.00 7.00 3.20
--------------------------------------------------
AND 37.00 79.00 42.00 1.33
--------------------------------------------------
Including 38.00 46.00 8.00 3.07
--------------------------------------------------
Including 55.00 57.00 2.00 3.18
--------------------------------------------------
Including 72.00 77.00 5.00 2.06
KRD35 2.00 67.00 65.00 0.78
--------------------------------------------------
Including 11.00 22.00 11.00 1.78
--------------------------------------------------
Including 61.00 67.00 6.00 2.03
--------------------------------------------------
AND 113.00 129.00 16.00 1.31
--------------------------------------------------
AND 138.00 151.00 13.00 0.76
--------------------------------------------------
Including 138.00 141.00 3.00 2.13
KRD38 82.00 97.00 15.00 1.07
--------------------------------------------------
Including 91.00 97.00 6.00 2.07
--------------------------------------------------
And 120.10 137.00 16.90 0.82
--------------------------------------------------
Including 122.00 125.80 3.80 1.68
--------------------------------------------------
Including 129.00 132.00 3.00 1.45
--------------------------------------------------
AND 143.00 225.10 82.10 2.27
--------------------------------------------------
Including 151.00 154.00 3.00 1.76
--------------------------------------------------
Includes a
Including 157.00 169.00 12.00 1.43 value cut to
-------------------------------------------------- 100g/t
for sample from
Including 183.00 189.00 6.00 1.90 176 - 177m
--------------------------------------------------
Halted in
Including 200.00 221.50 21.50 1.43 mineralization
KRD40 42.10 50.10 8.00 1.19
--------------------------------------------------
AND 64.00 109.00 45.00 0.86
--------------------------------------------------
Including 65.00 75.00 10.00 1.46
--------------------------------------------------
Including 82.00 87.00 5.00 1.40
--------------------------------------------------
Including 90.00 93.00 3.00 1.37
KKRC22 0.00 14.00 14.00 2.38
--------------------------------------------------
AND 60.00 81.00 21.00 0.99
--------------------------------------------------
Including 61.00 69.00 8.00 1.26
KKRC23 0.00 8.00 8.00 2.28
--------------------------------------------------
Including 4.00 8.00 4.00 4.23
--------------------------------------------------
AND 44.00 47.00 3.00 1.46
KDH36 0.00 26.00 26.00 1.26
--------------------------------------------------
Including 4.00 8.10 4.10 2.73
--------------------------------------------------
AND 52.00 64.00 12.00 0.52
--------------------------------------------------
AND 106.00 148.50 42.50 1.57
--------------------------------------------------
Including 106.00 115.00 9.00 3.67
--------------------------------------------------
Including 119.00 131.00 12.00 1.44
--------------------------------------------------
Including 135.00 139.00 4.00 2.72
--------------------------------------------------
AND 158.00 176.00 18.00 0.63
--------------------------------------------------
Including 160.00 163.00 3.00 1.01
--------------------------------------------------
And 191.00 224.00 33.00 1.11
--------------------------------------------------
Including 205.00 211.00 6.00 3.72
--------------------------------------------------
AND 243.00 246.00 3.00 1.33
--------------------------------------------------
Halted in
AND 262.00 264.45 2.45 7.41 mineralization
KDH37 18.00 23.00 5.00 1.64
--------------------------------------------------
AND 50.10 76.00 25.90 0.76
--------------------------------------------------
Including 69.00 72.00 3.00 2.73
--------------------------------------------------
AND 142.00 212.35 70.35 1.10
--------------------------------------------------
Including 152.00 171.20 19.20 1.33
--------------------------------------------------
Including 174.65 185.00 10.35 1.46
--------------------------------------------------
Including 188.00 200.00 12.00 1.55
--------------------------------------------------
Including 208.40 212.35 3.95 1.43
--------------------------------------------------
AND 220.50 271.25 50.75 0.53
--------------------------------------------------
Including 251.80 256.00 4.20 1.02
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.
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.
4) No top cut has been applied, except for one value in drill hole
KRD38 cut to 100 g/t Au for sample from 176-177m.
5) 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 Reverse Circulation (RC) portions of the drill holes were
usually 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 portions
(DD) 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 in the RC portions of the drill holes 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.
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 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. On the
narrower KHZ zone, drill spacing will be 50m x 50m from surface to 100m and
100m x 50m from 100m to 150m. 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: Collar positions and downhole details from holes completed on
Section 5400N
-------------------------------------------------------------------------
Hole ID Easting Northing Ele- Total Dip Azi- RC DD
vation Depth muth
(m) (m) (deg)(deg) (m) (m)
-------------------------------------------------------------------------
KKRC21 739,422.25 1,289,412.38 268.24 100.00 -55 135 100.00 0.00
-------------------------------------------------------------------------
KKRC22 739,457.49 1,289,375.35 265.70 105.00 -55 135 105.00 0.00
-------------------------------------------------------------------------
KKRC23 739,275.37 1,289,559.66 270.77 95.00 -55 135 95.00 0.00
-------------------------------------------------------------------------
KKRC24 739,214.56 1,289,619.88 265.92 100.00 -57 135 100.00 0.00
-------------------------------------------------------------------------
KRD35 739,388.34 1,289,446.19 269.75 155.15 -57 315 66.00 89.15
-------------------------------------------------------------------------
KDH36 739,424.47 1,289,408.55 267.35 265.00 58 315 0.00 265.00
-------------------------------------------------------------------------
KDH37 739,316.59 1,289,517.93 264.44 290.00 -60 135 0.00 290.00
-------------------------------------------------------------------------
KRD38 739,351.50 1,289,483.00 268.36 225.10 -57 135 66.20 158.90
-------------------------------------------------------------------------
KRD40 739,386.88 1,289,447.63 267.96 160.20 -55 135 59.10 101.10
-------------------------------------------------------------------------
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 2, please visit:
files.newswire.ca/407/VoltaResourcesInc.Fig.doc
Figure 1: Plan showing the location of the holes on Section 5400N at
Kiaka.
Figure 2: Section 5400N showing significant intersections.
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
Kevin Bullock, P.Eng., President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298,
Email: kbullock at voltaresources.com
Tags: Burkina Faso, canada, March 2, Toronto, Volta Resources Inc.
