Volta Reports More Wide Gold Intercepts at its Kiaka Gold Project in Burkina Faso Including 120.5m (at) 0.94g/t Au and 62.24m (at) 2.25g/t Au Including 19m (at) 4.62g/t Au
By Volta Resources Inc., PRNETuesday, April 13, 2010
TORONTO, April 14, 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, 88 holes
(~13,810meters) have been completed of a program comprising more than 150
holes ((greater than)22,000 meters). So far results have been received for 67
holes, with this news release covering the latest 6 holes, which are all
located on Section 5450N. Randgold hole KDH16 is also located on this
section.
The highlights from this section include:
- KKRC30 : 93.00m (at) 0.70g/t Au, including 4.0m (at) 3.89g/t Au
- KRD50 : 34.00m (at) 1.56g/t Au AND
- KRD50 : 10.72m (at) 1.60g/t Au (hole stopped in mineralization)
- KRD51 : 62.24m (at) 2.25g/t Au, including 9m (at) 3.67g/t Au
and 19m (at) 4.62g/t Au
- KRD52 : 120.50m (at) 0.94g/t Au, including 14m (at) 2.22g/t Au
and 8m (at) 2.28g/t Au
- KDH16(x) : 159.00m (at) 0.87g/t Au, including 11m (at) 1.60g/t Au
and 32m (at) 1.57g/t Au AND
- KDH16(x) : 22.00m (at) 0.92g/t Au, including 14m (at) 1.21g/t Au
(x) Previously drilled by Randgold
Kevin Bullock, Volta's CEO, said, "These additional exceptional results
not only further validate Randgold's historical results, they also further
support our emerging new model of Kiaka that is outlining a new understanding
of the mineralization. In particular, we continue to enhance the
interpretation of discrete higher grade zones within the broad mineralized
lower grade envelope that can be traced from hole to hole and from section to
section. Kiaka is an ideal project in that as we drill more we are
discovering more nuances that suggest more robust structures than those
originally interpreted."
In order to appreciate the extent and geometry of the mineralization on
the 5450N 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 5450N
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Hole ID From To Interval Grade Comment
m m m g/t Au
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KKRC28 13.00 16.00 3.00 1.05 Volta
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KKRC29 16.00 31.00 15.00 0.52 Volta
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KKRC30 0.00 93.00 93.00 0.70 Volta
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Including 19.00 25.00 6.00 1.38
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Including 36.00 40.00 4.00 3.89
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Including 47.00 62.00 15.00 0.98
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AND 101.00 104.00 3.00 1.42
-------------------------------------------------------------------------
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KRD50 42.00 52.00 10.00 1.26 Volta
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Including 44.00 51.00 7.00 1.52
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AND 93.00 101.00 8.00 0.90
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Including 98.00 101.00 3.00 2.01
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AND 123.00 157.00 34.00 1.56
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Including 123.00 142.00 19.00 1.76
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Including 145.00 153.00 8.00 1.96
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AND 184.00 195.00 11.00 0.51
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AND 212.00 229.00 17.00 0.99
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Including 222.00 227.00 5.00 2.74
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AND 241.00 251.72 10.72 1.60 Stopped in mineralisation
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Including 246.00 251.00 5.00 2.84
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KRD51 2.00 19.00 17.00 0.55 Volta
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AND 31.00 88.30 57.30 0.61
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Including 54.00 60.00 6.00 1.68
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AND 97.90 160.14 62.24 2.25 Stopped in mineralisation
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Including 100.00 108.00 8.00 0.95
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Including 111.00 120.00 9.00 3.67
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Including 125.00 144.00 19.00 4.62
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KRD52 2.00 122.50 120.50 0.94 Volta
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Including 44.00 58.00 14.00 2.22
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Including 67.70 76.80 9.10 1.42
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Including 81.00 84.00 3.00 1.51
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Including 101.00 109.00 8.00 2.28
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Including 115.50 122.50 7.00 1.87
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AND 128.80 165.00 36.20 0.58
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KDH16 83.00 126.00 43.00 0.73 Randgold
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Including 84.00 89.00 5.00 1.13 (previously drilled)
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Including 121.00 126.00 5.00 1.18
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AND 137.00 296.00 159.00 0.87
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Including 142.00 146.00 4.00 1.35
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Including 149.00 160.00 11.00 1.60
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Including 164.00 168.00 4.00 3.02
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Including 208.00 240.00 32.00 1.57
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Including 243.00 255.00 12.00 1.10
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AND 311.00 326.00 15.00 0.84
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Including 313.00 321.00 8.00 1.22
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AND 336.00 358.00 22.00 0.92
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Including 343.00 357.00 14.00 1.21
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AND 373.00 376.00 3.00 2.78
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-------------------------------------------------------------------------
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.
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
(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.
9) The assay results of the hole KDH16 are assays produced by Randgold.
Randgold sampling and assay procedures included QA/QC elements that
employed the inclusion of certified standards and blanks. Volta is
currently repeating these assays.
Section 5450N is 50 meters south of Section 5550N, the results for which
were released in March 2010.The results for all the holes on Section 5550N
(100 meters to the north of the current section) have been received by Volta
and are currently being processed. Consequently, another press release will
follow shortly to present these results.
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.
Due to new geophysical Information, the company has decided that it
would be better to drill a series of long cross sections across the South
Area instead of infill drilling. This will mean that the South Area will not
contribute to Volta's NI43-101 resource estimate scheduled for the end of
June 2010.
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.
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Hole Section Easting Northing Azi-
ID Eleva- Total Dip muth RC DD
tion depth (deg- deg- (m) (m)
(m) (m) rees) rees)
-------------------------------------------------------------------------
KKRC28 5450N 739262 1289642 271,57 80 -56 135 80 0
-------------------------------------------------------------------------
KKRC29 5450N 739319 1289589 270,25 90 -55 135 90 0
-------------------------------------------------------------------------
KKRC30 5450N 739495 1289413 266,35 105 -55 135 105 0
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KRD50 5450N 739458 1289448 267,2 251,72 -57 315 90 161,72
-------------------------------------------------------------------------
KRD51 5450N 739423 1289483 268,09 160,14 -55 135 78 82,14
-------------------------------------------------------------------------
KRD52 5450N 739457 1289448 267,29 175,05 -55 135 65 110,05
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RANDGOLD HOLES
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KDH16 5450N 739317 1289561 270,13 424 -45 125 0 424
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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.For further
information, please refer to our website www.voltaresources.com or
contact:
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_Figures_April14.pdf
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 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
Tags: April 14, canada, Toronto, Volta Resources Inc.
