Volta Reports 242.0m @ 1.41g/t Gold at its Kiaka Gold Project in Burkina Faso
By Volta Resources Inc., PRNETuesday, April 19, 2011
Also 190.5m @ 1.01 g/t Gold, including 25.0m @ 2.00g/t Gold
TORONTO, April 20, 2011 - Volta Resources Inc. ("Volta" or the "Company")
(TSX: VTR) announces the drill results from the next completed sections from
its on-going drilling program comprising more than 250 holes for
approximately 50,000 meters in the Central Area at its Kiaka Gold Project in
Burkina Faso (see News Release of 22 September 2010).
Results have been received to date for a further 11 holes located on
sections 5550N (6 holes) and 5575N (5 holes), 25m and 50m northeast of
previous released section 5525N, respectively (see News Release of March
31st). These holes were aimed at infilling the main deposit defined so far in
the Central Area to a 25m x 50m drill spacing and to extend the drilling
depth another 100 meters down to 300m vertically below surface. The
highlights from these sections include:
- KDH201 : 87.0m @ 1.25g/t Au, including 15.0m @ 2.21g/t Au
- KDH206 : 40.0m @ 0.97g/t Au, including 14.0m @ 2.00g/t Au.
- KRD208 : 142.0m @ 1.10g/t Au, including 7.0m @ 3.24g/t Au AND
- KRD208 : 50.0m @ 1.07g/t Au, including 23.0m @ 1.64g/t Au
- KDH209 : 190.5m @ 1.01g/t Au, including 25.0m @ 2.00g/t Au
- KDH210 : 242.0m @ 1.41g/t Au, including 26.0m @ 2.51g/t Au, 8.0m @
11.79g/t Au and 13.0m @ 2.80g/t Au
- KRD213 : 118.0m @ 0.89g/t Au, including 16.0m @ 2.29g/t Au
Kevin Bullock, Volta's CEO, said, "Once again the Kiaka project has
delivered exceptional results. As we progress along strike we continue to
intersect wide, highly mineralized intercepts adding to the data that will be
used to prepare our resource update, due out in June."
The holes on section 5550N aimed, except for KDH201, at testing the
Hanging Wall Zone (KHZ). They outlined a series of parallel sub-vertical,
mineralized shear zones. KDH201 on section 5550N and the holes on section
5575N have extended the Kiaka Main Zone (KMZ) mineralization to well beyond
300m vertically below surface. The latest results clearly highlight that
drilling is now justified and required in order to extend the Hanging Wall
Zone (KHZ) and/or Footwall Zone (KFZ) on Section 5575N.
Results for the holes are highlighted in Table 1 and in Figures 2 & 3.
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 for sections 5550N and 5575N
SECTION BHID FROM TO (m) INTERVAL Au(g/t) COMMENTS/REMARKS
(m) (m)
5500N KDH201 169.00 182.00 13.00 0.85
AND 193.00 236.00 43.00 0.52
INCL 198.00 202.90 4.90 1.28
AND 242.00 329.00 87.00 1.25
INCL 270.00 304.00 34.00 1.56
INCL 314.00 329.00 15.00 2.21
AND 356.00 429.10 73.10 0.79 ENDED IN MINERALIZATION
INCL 361.00 366.00 5.00 1.13
INCL 379.00 384.00 5.00 1.77
INCL 388.00 391.00 3.00 2.29
INCL 415.00 418.00 3.00 1.44
INCL 421.00 426.00 5.00 1.31
KDH203 106.00 133.00 27.00 0.86
AND 192.00 202.00 10.00 0.85 ENDED IN MINERALIZATION
KDH204 65.95 89.00 23.05 0.53
INCL 65.95 70.00 4.05 1.51
KDH205 69.00 72.80 3.80 1.07
AND 79.20 103.25 24.05 0.75 ENDED IN MINERALIZATION
KDH206 2.00 42.00 40.00 0.97
INCL 2.00 16.00 14.00 2.00
AND 88.00 99.00 11.00 0.51
INCL 96.00 99.00 3.00 1.04
KDH207 10.20 28.60 18.40 0.54
AND 88.00 98.00 10.00 0.95
5575N KRD208 40.00 182.00 142.00 1.10 178.0-179.0m = 15.45g/t
Au
INCL 41.00 47.00 6.00 1.55
INCL 50.00 79.50 29.50 1.54
INCL 83.00 103.00 20.00 1.39
INCL 120.00 131.00 11.00 1.05
INCL 139.00 142.00 3.00 1.15
INCL 145.90 156.00 10.10 1.57
INCL 174.00 181.00 7.00 3.24
AND 190.00 240.00 50.00 1.07
INCL 193.00 196.00 3.00 1.06
INCL 212.00 235.00 23.00 1.64
AND 254.00 257.00 3.00 1.09
KDH209 3.50 194.00 190.50 1.01 69.0-70.0m : 17.6g/t Au
INCL 30.00 49.30 19.30 1.43
INCL 52.00 77.00 25.00 2.00
INCL 80.00 104.65 24.65 1.40
INCL 112.00 120.00 8.00 1.39
INCL 123.00 127.15 4.15 2.89
INCL 150.00 153.00 3.00 1.44
INCL 163.00 167.00 4.00 1.19
KDH210 40.00 43.00 3.00 1.04
AND 101.00 343.00 242.00 1.41 148.0-149.0m = 11.95g/t
Au;
249.0-250.0m = 88.9g/t
Au;
289.0-290.0m = 13.55g/t
Au
INCL 115.00 118.00 3.00 1.09
INCL 129.00 155.00 26.00 2.51
INCL 163.00 174.00 11.00 2.31
INCL 178.00 190.00 12.00 1.21
INCL 203.00 219.00 16.00 1.54
INCL 225.00 228.00 3.00 1.06
INCL 242.00 250.00 8.00 11.79
INCL 262.00 270.70 8.70 1.32
INCL 277.00 290.00 13.00 2.80
KRD211 1.00 37.00 36.00 1.22 34.0-35.0m = 11.55g/t Au
INCL 1.00 13.00 12.00 1.10
INCL 16.00 21.00 5.00 1.49
INCL 25.00 37.00 12.00 1.72
AND 45.00 153.00 108.00 0.55 ENDED IN MINERALIZATION
INCL 45.00 49.00 4.00 1.86
INCL 54.00 61.00 7.00 1.76
INCL 82.35 88.00 5.65 1.08
KRD213 5.00 123.00 118.00 0.89
INCL 35.00 51.90 16.90 1.18
INCL 55.00 100.00 45.00 1.16
INCL 103.00 123.00 20.00 1.01
AND 132.00 280.00 148.00 0.89 139.0-140.0m = 11.6g/t
Au
INCL 134.00 140.00 6.00 3.27
INCL 154.00 164.85 10.85 1.28
INCL 169.00 185.00 16.00 2.29 172.0-173.0m = 19.0g/t
Au
INCL 197.00 204.00 7.00 2.09
INCL 254.00 259.00 5.00 1.15
INCL 276.00 280.00 4.00 1.07
AND 288.00 291.00 3.00 1.20
Notes on Table 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 envelop,
except for holes KRD208 and KRD211 where it has been increased to 6m, and
KDH210 where it has been increased to 8m..
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.
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.
6) The intersections represent sections drilled by reverse circulation
(RC) and/or cored drilling (see Table 2).
7) The RC portions of the drill holes were sampled at 1m 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.
Samples were sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
9) 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.
TABLE 2: Borehole collar coordinates & orientation parameters, sections
5550N & 5575N
SECTIONHole Easting Northing Elevation Depth Dip Azimuth RC DD
ID
(m) (m)(degrees) (degrees) (m) (m)
KDH201 739632 1289408 265 430,25 -60 315 0,0 430,25
KDH203 739387 1289658 271 202,00 -55 135 0,0 202,00
5550N KDH204 739281 1289765 273 100,70 -55 135 0,0 100,70
KDH205 739316 1289729 272 103,25 -55 135 0,0 103,25
KDH206 739421 1289622 269 100,40 -55 135 0,0 100,40
KDH207 739351 1289693 271 100,40 -55 135 0,0 100,40
KRD208 739578 1289496 268 288,44 -58 315 30,15 258,29
KDH209 739508 1289567 268 220,40 -58 315 0,00 220,40
5575N KDH210 739438 1289638 270 412,10 -60 135 0,00 412,10
KRD211 739543 1289531 268 153,00 -55 135 30,50 122,50
KRD213 739473 1289603 269 306,40 -60 135 30,00 276,40
Figures 1, 2, and 3 can be viewed at
files.newswire.ca/407/Volta_Apr20.doc
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, toward 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.
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 or
Fax: +1(416)867-2298
Email: kbullock@voltaresources.com
Andreas Curkovic, Investor Relations
Tel: +1(416)577-9927
Kevin Bullock, P.Eng., President & CEO, Tel: +1(647)388-1842 or Fax: +1(416)867-2298, Email: kbullock at voltaresources.com; Andreas Curkovic, Investor Relations, Tel: +1(416)577-9927
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