Volta Resources Hires Alexandru Arhire as Vice President, OperationsBy Volta Resources Inc., PRNE
Monday, October 24, 2011
TORONTO, October 25, 2011 -
- Strengthens Management Team -
Volta Resources Inc. (”Volta” or the “Company”) (TSX: VTR) announces that it has hired Mr. Alexandru Arhire to fill the role of Vice President, Operations for the Company. Mr. Arhire will be based in Burkina Faso where his primary function will be to oversee the current Pre-Feasibility Study and upcoming Feasibility Studies for Volta’s Kiaka Gold Project. On conclusion of these studies, he will also have a key role contributing to Volta’s transition through development toward production. Mr. Arhire will start his role with Volta on November 1, 2011.
Mr. Arhire’s 29 years of professional experience highlights a proven track record of relevant technical and strategic international expertise. He holds a M.Sc. in Civil Engineering and is a member of the PEO and OIQ professional associations in Canada. He has been involved in both underground and open pit mining projects, having successfully completed engineering mandates, feasibility studies, site construction and construction management for several major mining firms including Placer Dome, Noranda, Falconbridge, Copper Rand, Agnico Eagle, Xstrata, Iamgold, Semafo and High River Gold. Mr. Arhire has extensive firsthand experience of African mining projects having held the position of Africa Manager of Mining Business for global engineering consultancy firm, Genivar. He has also been Business Development and General Director for several companies.
Victor King, Volta’s COO, stated “Alex brings a complementary set of professional skills and experience to the Volta management team. He has been directly involved with Genivar on several West African mine development and mine extension projects. These include the Mana, Inata, Youga, Essakane, Taparko, Bissa, Tabakoto and Samira Hill mines. He will be a great asset to Volta as we transition from explorer through development and into production.”
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, please refer to our website www.voltaresources.com or contact:
Kevin Bullock, P.Eng., President & CEO
Andreas Curkovic, Investor Relations
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