Volta Reports Best Results to Date at its Kiaka Gold Project - Intersects 134 Meters at 2.16 g/t Gold, Including 10.0 Meters at 7.43 g/t Gold
By Volta Resources Inc., PRNESunday, May 9, 2010
Also 167.0m @ 1.54g/t gold including 37.0m @ 2.36g/t gold
TORONTO, May 10, 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, 97 holes (~15,100
meters) have been completed of the program comprising more than 110 holes
(greater than 17,400 meters) planned for the Central Area at Kiaka. So far
results have been received for 86 holes from this area, with the current
news release covering the latest 8 holes, which are all located on Section
5200N (See Figure 1). The highlights from this section include:
- KDH71 : 167.00m @ 1.54g/t Au, including 37.00 m @ 2.36 g/t Au
and including 7.0m @ 5.89g/t Au
- KRD74 : 134.00m @ 2.16g/t Au, including 10.00 m @ 7.43 g/t Au
and including 22.00m @ 2.98g/t Au
- KRD76 : 42.00m @ 2.25g/t Au, including 24.00 m @ 2.99 g/t Au AND
128.50m @ 1.28g/t Au, including 20.00 m @ 2.48 g/t Au
- KDH75 : 182.50m @ 0.98g/t Au, including 32.00 m @ 1.58 g/t Au
- KRD64 : 6.00m @ 3.11g/t Au
- KRD78 : 97.00m @ 1.16g/t Au, including 25.00m @ 1.45g/t Au,
4.00m @ 3.49g/t Au and 13.00m @ 1.92g/t Au
Kevin Bullock, Volta's CEO, said, "Hole KRD74 is the best hole Volta has
intersected at Kiaka and Section 5200 is one of the best sections we have
ever drilled. We are particularly encouraged that this is the first section
drilled south of the initial section that Volta drilled in December last
year, and is extremely well mineralized showing broad widths and higher
grades than previously encountered. As we move to complete our first drill
campaign at Kiaka, we can state unequivocally that the results have
confirmed our initial confidence."
Section 5200N is the first section drilled south of 5250N, which was the
first to be reported (see News Release of 16 December 2009). To date, assay
results have been received for ten sections drilled between 5200N and 5700N
and covering 500m of strike of the central portion of the Central Area. All
sections were well mineralized and consistently include, as listed in the
News Release of 21 April, 2010, and subsequent News Releases, very wide
intersections comprising discrete higher grade zones.
Results for the holes on section 5200N 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 5200N
-------------------------------------------------------------------------
HOLE ID FROM TO INTERVAL GRADE
--------------------------------------------------------
m m m g/t
-------------------------------------------------------------------------
KDH71 30.00 197.00 167.00 1.54
--------------------------------------------------------
Including 45.00 82.00 37.00 2.36
--------------------------------------------------------
Including 86.00 89.00 3.00 1.49
--------------------------------------------------------
Including 96.00 103.00 7.00 5.89
--------------------------------------------------------
Including 106.00 114.00 8.00 1.01
--------------------------------------------------------
Including 120.00 138.00 18.00 1.64
--------------------------------------------------------
Including 154.00 171.00 17.00 1.20
--------------------------------------------------------
Including 184.00 196.00 12.00 2.11
--------------------------------------------------------
AND 208.00 228.00 20.00 1.05
--------------------------------------------------------
Including 212.00 223.00 11.00 1.56
--------------------------------------------------------
AND 235.00 245.00 10.00 0.87
--------------------------------------------------------
AND 255.00 282.00 27.00 0.62
--------------------------------------------------------
Including 278.00 282.00 4.00 2.30
-------------------------------------------------------------------------
KRD74 22.00 156.00 134.00 2.16
--------------------------------------------------------
Including 23.00 33.00 10.00 7.43
--------------------------------------------------------
Including 39.00 48.00 9.00 2.87
--------------------------------------------------------
Including 53.00 58.00 5.00 2.04
--------------------------------------------------------
Including 62.00 84.00 22.00 2.98
--------------------------------------------------------
Including 96.00 114.00 18.00 2.55
--------------------------------------------------------
Including 117.00 144.80 27.80 1.61
--------------------------------------------------------
Including 147.20 155.00 7.80 1.41
-------------------------------------------------------------------------
KRD76 0.00 42.00 42.00 2.25
--------------------------------------------------------
Including 0.00 12.00 12.00 1.71
--------------------------------------------------------
Including 18.00 42.00 24.00 2.99
--------------------------------------------------------
AND 50.50 179.00 128.50 1.28
--------------------------------------------------------
Including 50.50 61.00 10.50 1.85
--------------------------------------------------------
Including 66.00 86.00 20.00 2.04
--------------------------------------------------------
Including 97.00 110.00 13.00 0.88
--------------------------------------------------------
Including 113.00 133.00 20.00 2.48
--------------------------------------------------------
Including 150.00 159.00 9.00 1.07
--------------------------------------------------------
Including 169.00 172.00 3.00 3.53
--------------------------------------------------------
AND 187.00 214.00 27.00 0.58
-------------------------------------------------------------------------
KDH75 4.50 32.00 27.50 0.56
--------------------------------------------------------
Including 5.50 9.50 4.00 1.39
--------------------------------------------------------
AND 86.00 268.33 182.33 0.98
--------------------------------------------------------
Including 109.00 121.00 12.00 1.14
--------------------------------------------------------
Including 125.00 157.00 32.00 1.58
--------------------------------------------------------
Including 174.00 185.00 11.00 1.27
--------------------------------------------------------
Including 198.00 211.00 13.00 2.57
--------------------------------------------------------
Including 223.00 227.00 4.00 1.40
--------------------------------------------------------
Including 230.00 233.10 3.10 1.18
--------------------------------------------------------
Including 239.00 249.00 10.00 0.80
-------------------------------------------------------------------------
KRD78 0.00 12.00 12.00 1.15
--------------------------------------------------------
Including 7.00 12.00 5.00 2.10
--------------------------------------------------------
AND 19.00 116.00 97.00 1.16
--------------------------------------------------------
Including 23.00 48.00 25.00 1.45
--------------------------------------------------------
Including 51.00 55.00 4.00 3.49
--------------------------------------------------------
Including 58.00 71.00 13.00 1.92
--------------------------------------------------------
Including 76.00 102.10 26.10 0.84
--------------------------------------------------------
Including 106.00 109.00 3.00 1.34
--------------------------------------------------------
AND 132.00 165.18 33.18 0.50
--------------------------------------------------------
Including 147.00 151.00 4.00 0.93
-------------------------------------------------------------------------
KRD64 0.00 45.00 45.00 0.80
--------------------------------------------------------
Including 20.00 26.00 6.00 3.11
--------------------------------------------------------
Including 37.00 41.00 4.00 1.32
-------------------------------------------------------------------------
KKRC35 25.00 32.00 7.00 0.99
-------------------------------------------------------------------------
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 (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 Au and/or sections of at least 10m in excess of
0.5g/t Au. (except for KKRC35).
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 (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.
Volta's current drill 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. Volta intends to
complete the program by the middle of May 2010 and to finalize a National
Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010.
TABLE 2: Borehole collar coordinates and orientation parameters
-------------------------------------------------------------------------
Hole ID Easting Northing Elevation Depth Azimuth Dip RC DD
-----------------------------------------------------------------
(m) (m) (degrees) (deg- (m) (m)
rees)
-------------------------------------------------------------------------
KDH71 739184 1289366 268.64 294.19 135 55 0.00 294.19
-------------------------------------------------------------------------
KDH75 739318 1289234 265.55 290.00 315 55 0.00 290.00
-------------------------------------------------------------------------
KKRC35 739090 1289461 271.14 70.00 135 58 70.00 0.00
-------------------------------------------------------------------------
KKRC36 739140 1289411 269.74 73.00 135 58 73.00 0.00
-------------------------------------------------------------------------
KRD64 739280 1289270 265.99 46.00 135 57 46.00 0.00
-------------------------------------------------------------------------
KRD74 739265 1289286 266.47 170.26 315 55 33.00 137.26
-------------------------------------------------------------------------
KRD76 739211 1289338 267.94 240.16 135 55 39.00 201.16
-------------------------------------------------------------------------
KRD78 739245 1289306 266.67 165.18 135 55 66.00 99.18
-------------------------------------------------------------------------
Note: all borehole collars surveyed with theodolite, except for KRD64,
located, for the time being, with handheld GPS.
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.
Visit files.newswire.ca/407/Kiaka.pdf to see Figure 1 and
Figure 2.
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; Andreas Curkovic,
Investor Relations, +1(416)577-9927
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 at voltaresources.com; Andreas Curkovic, Investor Relations, +1(416)577-9927
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