Volta Resources Drills 296.0m AT 1.07g/t Gold, Including 12.0m @ 3.25 g/t Gold at its Kiaka Gold Project, Burkina Faso
By Volta Resources Inc., PRNEWednesday, January 19, 2011
Also 193.0m @ 1.02 g/t Gold, Including 12.7m @ 1.90g/t Gold -
TORONTO, January 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 11 holes located on Sections 5375N
(5 holes) and 5400N (6 holes, See Figure 1), respectively. These are located
25m and 50m northeast of previous released section 5350N (see News Release of
January 6th). These holes aimed at infilling the main deposit defined so far
in the Central Area to 25m x 50m drill spacing and to extend the drilling
depth down another 100 vertical meters. The highlights from these two
sections include:
- KDH160 : 193.00m @ 1.02g/t Au, including 12.7m @ 1.90g/t Au
- KDH167 : 51.00m @ 2.11g/t Au
- KDH171 : 40.25m @ 1.39g/t Au, including 9.8m @ 2.33g/t Au AND 7.0m @
4.59g/t Au
- KRD172 : 49.90m @ 1.25g/t Au, including 6.0m @ 6.12g/t Au
- KRD176 : 166.05m @ 1.08g/t Au, including 6.05m @ 2.17g/t Au AND
- KRD176 : 82.30m @ 1.06g/t Au, including 14.3m @ 1.92g/t Au
- KDH164 : 296.00m @ 1.07g/t Au, including 12.0m @ 3.25g/t Au
- KDH178 : 151.00m @ 1.24g/t Au, including 8.0m @ 4.84g/t Au
Kevin Bullock, Volta's CEO, said, "Our infill drilling program continues
to demonstrate outstanding widths. These results, especially the ones beneath
200 metres will have a positive impact on our forthcoming resource update.
Hole KDH164 is our longest intersection to date at Kiaka."
The holes on section 5375N as well as holes KDH164 and KDH178 on section
5400N have extended the Kiaka Main Zone (KMZ) mineralization to over 300m
vertical depth. Hole KDH164 on section 5400N has intersected the entire KMZ,
between 106 and 402m, returning 296m at an average grade of 1.07g/t gold
(maximum internal dilution 10m). Holes KDH162, KDH163, KDH173 and KDH178 KDH
on Section 5400N have extended the width of the Kiaka Hanging Wall Zone (KHZ)
and confirmed that the KHZ is composed of multiple parallel mineralized zones
(shears), ranging in width from 5m to over 20m. These shears are
sub-vertical, but tend towards the Northwest to take a more gentle dip,
possibly because of the presence of a gabbroic (amphibolite) intrusion.
Results for the holes are highlighted in Table 1 and on sections in
Figures 2 and 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 Section 5325N
SECTION BHID FROM TO INTERVAL Au g/t COMMENT
5375N KDH160 94.00 124.00 30.00 0.67 95.0 - 95.9 : 11.16g/t
AND 129.20 140.00 10.80 0.72
AND 154.70 207.00 52.30 0.91
INCL 156.10 159.00 2.90 1.05
INCL 164.00 172.00 8.00 1.58
INCL 176.00 188.00 12.00 1.11
INCL 191.00 197.00 6.00 1.22
INCL 201.10 205.00 3.90 1.43
AND 213.00 406.00 193.00 1.02
INCL 231.00 243.70 12.70 1.90
INCL 246.00 258.00 12.00 1.18
INCL 261.00 277.00 16.00 1.20
INCL 280.00 305.00 25.00 1.48
INCL 318.00 321.00 3.00 1.60
INCL 325.00 330.10 5.10 1.01
INCL 335.95 376.00 40.05 1.15
INCL 379.00 385.00 6.00 1.45
INCL 389.00 394.00 5.00 1.01
KRD167 35.00 95.00 60.00 0.92
INCL 46.00 54.00 8.00 1.48
INCL 71.00 75.00 4.00 1.42
INCL 86.00 89.00 3.00 4.87 86.0 - 87.0 : 11.45g/t
AND 102.00 116.00 14.00 0.55
INCL 107.00 111.00 4.00 1.15
AND 125.00 146.00 21.00 0.76
INCL 125.00 129.00 4.00 1.42
INCL 133.00 136.00 3.00 1.64
AND 156.00 207.00 51.00 2.11
INCL 156.00 206.00 50.00 2.14
AND 224.00 284.10 60.10 0.89
INCL 224.00 233.00 9.00 1.26
INCL 236.00 242.00 6.00 1.28
INCL 252.80 257.00 4.20 1.91
INCL 261.00 265.00 4.00 1.09
INCL 268.00 274.00 6.00 1.15
KDH168 17.60 53.00 35.40 0.68
INCL 44.00 50.00 6.00 1.82
AND 66.00 117.00 51.00 0.81
INCL 66.00 68.95 2.95 1.91
INCL 85.00 99.00 14.00 1.37
AND 129.00 141.00 12.00 0.92
INCL 137.00 141.00 4.00 2.16
AND 148.00 160.00 12.00 1.04
INCL 151.65 160.00 8.35 1.38
AND 171.10 182.00 10.90 0.55
KDH171 0.90 41.15 40.25 1.39
INCL 12.00 21.80 9.80 2.33
INCL 26.80 41.15 14.35 1.92
AND 58.00 119.00 61.00 1.07
INCL 74.00 86.00 12.00 1.25
INCL 103.00 107.00 4.00 1.19
INCL 112.00 119.00 7.00 4.59 118.0 - 119.0 : 24.3g/t
KRD172 2.00 65.70 63.70 0.74
INCL 6.00 9.00 3.00 1.06
INCL 18.00 25.00 7.00 1.05
INCL 50.00 55.00 5.00 1.27
INCL 59.00 65.70 6.70 1.15
AND 71.00 104.00 33.00 0.73
INCL 86.70 104.00 17.30 1.07
AND 144.00 193.90 49.90 1.25
INCL 144.00 150.00 6.00 6.12 146 - 147m : 31.7g/t
INCL 159.00 162.00 3.00 2.45
INCL 168.00 172.00 4.00 1.66
KRD176 0.00 28.00 28.00 0.78
INCL 1.00 5.00 4.00 1.38
INCL 18.00 22.00 4.00 2.02
AND 54.95 221.00 166.05 1.08
INCL 82.00 86.45 4.45 2.33
INCL 89.00 94.60 5.60 1.91
INCL 98.10 115.00 16.90 1.19
INCL 130.00 136.05 6.05 2.17
INCL 143.00 147.60 4.60 2.21
INCL 152.80 160.30 7.50 1.34
INCL 164.00 171.00 7.00 1.38
INCL 179.70 200.00 20.30 1.51
INCL 205.00 213.00 8.00 1.58
INCL 216.00 220.00 4.00 2.18
AND 231.80 314.10 82.30 1.06
INCL 233.00 238.60 5.60 1.91
INCL 242.70 257.00 14.30 1.92
INCL 265.00 268.00 3.00 1.27
INCL 275.05 281.00 5.95 1.94
INCL 303.00 308.00 5.00 1.90
5400N KDH162 107.00 127.00 20.00 0.85
INCL 113.00 116.00 3.00 1.57
INCL 119.00 127.00 8.00 1.26
KDH163 3.20 32.00 28.80 0.58
AND 80.55 102.00 21.45 0.73
KDH164 82.85 87.90 5.05 1.21
AND 93.00 216.10 123.10 1.00
INCL 106.00 118.00 12.00 3.25 107.0 - 108.0 : 23.1g/t
INCL 136.00 143.80 7.80 0.69
INCL 160.70 172.00 11.30 1.05
INCL 176.00 186.00 10.00 1.08
INCL 188.65 191.90 3.25 1.32
INCL 198.00 211.00 13.00 1.87
AND 221.30 246.70 25.40 0.77
INCL 221.30 231.00 9.70 1.26
AND 251.90 316.00 64.10 1.35
INCL 261.00 265.00 4.00 2.20
INCL 269.00 316.00 47.00 1.51
AND 326.00 402.00 76.00 1.20
INCL 326.00 346.00 20.00 1.54
INCL 349.00 362.00 13.00 1.81
INCL 367.00 376.85 9.85 1.66
KDH173 9.00 21.00 12.00 0.51
AND 84.65 100.50 15.85 0.64 ENDED IN MINERALIZATION
INCL 84.65 88.00 3.35 1.42
KDH178 99.00 113.00 14.00 0.63
AND 135.40 165.70 30.30 0.76
INCL 150.00 157.00 7.00 1.37
INCL 161.00 165.70 4.70 1.25
AND 194.10 209.00 14.90 0.67
INCL 201.40 206.00 4.60 1.11
AND 219.00 370.00 151.00 1.24 ENDED IN MINERALIZATION
INCL 219.00 222.00 3.00 1.07
INCL 232.00 240.00 8.00 4.84 237.0 - 238.0: 29.40g/t
INCL 253.00 258.00 5.00 1.98
INCL 267.00 295.00 28.00 1.76
INCL 297.65 305.00 7.35 1.84
INCL 313.00 317.00 4.00 1.27
INCL 320.00 344.00 24.00 1.27
INCL 349.00 355.00 6.00 1.04
INCL 363.00 370.00 7.00 1.02
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 envelope,
except for holes KDH168 (17.6-53.0m and 129.0-141.0m) and KDH178
(219.0-370.0m)
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 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 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 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.
TABLE 2: Borehole collar coordinates and orientation parameters for
Sections 5375N and 5400N
SECTION Hole Easting Northing Elevation Depth Dip Azimuth RC DD
ID (m) (m)(degrees) (m) (m)
(degrees)
5375N KDH160 739261 1289533 271 412 -60.00 135 - 412.00
KRD167 739293 1289503 270 330 -60.00 135 42.00 288.20
KDH168 739368 1289429 268 206 -60.00 135 - 205.60
KDH171 739404 1289395 267 146 -55.00 135 - 145.50
KRD172 739332 1289464 269 267 -58.00 135 54.00 213.00
KRD176 739440 1289360 266 315 -60.00 315 53.85 261.32
5400N KDH162 739140 1289699 278 252 -58.00 135 - 252.20
KDH163 739316 1289515 270 250 -58.00 315 - 250.05
KDH164 739492 1289338 265 421 -60.00 315 - 421.10
KDH173 739246 1289586 271 101 -55.00 135 - 100.50
KDH178 739282 1289550 270 370 -60.00 135 - 370.00
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.
Please click on the link below to view Figure 1: MAP SHOWING LOCATION OF
REPORTED HOLES (Sections 5375N and 5400N), Figure 2: SECTION 5375N, and
Figure 3 : SECTION 5400N files.newswire.ca/407/GOT14777.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
or
Andreas Curkovic, Investor Relations
+1-416-577-9927
Contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email: kbullock at voltaresources.com . or Andreas Curkovic, Investor Relations, +1-416-577-9927
Tags: canada, January 20, Toronto, Volta Resources Inc.
