Volta Resources Intersects 190 Meters at 0.95 g/t Gold at its Kiaka Gold Project in Burkina Faso
By Volta Resources Inc., PRNEThursday, April 29, 2010
Also 157.0 m (at) 0.94 g/t gold, including 35.20 m (at) 1.61 g/t gold
TORONTO, April 30, 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, 91 holes (~14,825
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 83 holes from this area, with the current news
release covering the latest 8 holes, which are all located on Section 5700N
(See Figure 1). The highlights from this section include:
<<
- KKRC34 : 10.00 m (at) 1.55 g/t Au, including 3.00 m (at) 3.85 g/t Au
- KKRC39 : 47.00 m (at) 0.83 g/t Au, including 6.00 m (at) 2.85 g/t Au
- KDH60 : 157.00 m (at) 0.94 g/t Au, including 6.90 m (at) 2.24 g/t Au
AND
35.20 m (at) 1.61 g/t Au
- KDH61 : 190.00 m (at) 0.95 g/t Au, including 25.00 m (at) 2.36 g/t Au
- KDH62 : 173.30 m (at) 0.62 g/t Au, including 7.00 m (at) 1.58 g/t Au
- KRD63 : 32.40 m (at) 1.41 g/t Au, including 5.00 m (at) 7.04 g/t Au
>>
Kevin Bullock, Volta's CEO, said, "We have been moving steadily north
during our drill campaign and we are pleased to see that as we do, we
continue to intercept impressive widths of mineralization, including the
higher grade zoning. The deposit remains open to the north and south and we
look forward to reporting results from south of section 5250 as soon as they
are received from the laboratories."
In order to appreciate the extent and geometry of the mineralization on
the 5700N section, the results for the intersections for these holes are
highlighted in Table1 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 5700N
------------------------------------------------------------
----------------------------------------------------------------------
HOLE ID FROM TO INTERVAL GRADE
--------------------------------- COMMENT
m m m g/t Au
----------------------------------------------------------------------
KKRC34 30.00 40.00 10.00 1.55
----------------------------------------------
Including 36.00 39.00 3.00 3.85
----------------------------------------------
AND 56.00 57.00 1.00 1.16 Ended in mineralisation
----------------------------------------------------------------------
KKRC39 38.00 85.00 47.00 0.83
----------------------------------------------
Including 43.00 47.00 4.00 1.06
----------------------------------------------
Including 54.00 60.00 6.00 2.85
----------------------------------------------
Including 78.00 85.00 7.00 1.05 Ended in mineralisation
----------------------------------------------------------------------
KKRC41 24.00 33.00 9.00 1.01
----------------------------------------------------------------------
KDH60 77.00 234.00 157.00 0.94
----------------------------------------------
Including 132.00 137.00 5.00 1.27
----------------------------------------------
Including 156.00 162.90 6.90 2.24
----------------------------------------------
Including 168.00 171.40 3.40 1.99
----------------------------------------------
Including 174.80 210.00 35.20 1.61
----------------------------------------------
AND 267.00 275.00 8.00 0.53 Ended in mineralisation
----------------------------------------------------------------------
KDH61 95.00 285.10 190.10 0.95
----------------------------------------------
Including 133.00 149.00 16.00 1.37
----------------------------------------------
Including 152.00 171.00 19.00 1.00
----------------------------------------------
Including 184.00 196.00 12.00 1.38
----------------------------------------------
Including 226.00 238.00 12.00 1.22
----------------------------------------------
Including 242.00 267.00 25.00 2.36
----------------------------------------------------------------------
KRD62 47.00 220.30 173.30 0.62
----------------------------------------------
Including 139.00 146.00 7.00 1.58
----------------------------------------------
Including 186.00 189.00 3.00 1.22
----------------------------------------------
Including 192.00 198.00 6.00 1.17
----------------------------------------------
Including 204.00 217.00 13.00 1.50 Ended in mineralisation
----------------------------------------------------------------------
KRD63 81.70 107.20 25.50 0.55
----------------------------------------------
AND 116.60 149.00 32.40 1.41
----------------------------------------------
Including 118.50 123.50 5.00 7.04
----------------------------------------------
KRD73 19.30 22.30 3.00 1.02
----------------------------------------------------------------------
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 (increased to 6m for KDH60).
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
(increased to 3m for KDH60). 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 KKRC34 and KDH60 where the holes end in
mineralization and, so, the last mineralized intervals are less than 10m
(at) 0.50g/t Au and/or less than 3m (at) 1g/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.
>>
To date, assay results have been received for nine sections drilled
between 5250N and 5700N and covering 450m 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, very wide intersections
comprising discrete higher grade zones. While drilling proceeds further north,
the Company has also started drilling south of section 5250N. Results for both
sections further north of 5700N and south of 5250N are awaited and will be
reported as soon as available.
Volta's current drill program will test 1,200m strike of the 2,800m long
KMZ zone in the Central Area. 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. 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 Easting Northing Eleva-
ID tion Depth Azimuth Dip RC DD
------------------------------------------------------------------------
(m) (m) (degrees) (degrees) (m) (m)
------------------------------------------------------------------------
KDH60 739662 1289599 268.35 275.00 315 57 0 275
------------------------------------------------------------------------
KDH61 739528 1289733 271.01 285.10 135 56 0 285.1
------------------------------------------------------------------------
KKRC34 739452 1289809 272.20 57.00 135 48 57 0
------------------------------------------------------------------------
KKRC39 739631 1289629 268.73 85.00 135 56 85 0
------------------------------------------------------------------------
KKRC41 739671 1289590 268.19 85.00 135 57 85 0
------------------------------------------------------------------------
KRD62 739562 1289699 270.05 220.30 135 57 91 129.30
------------------------------------------------------------------------
KRD63 739600 1289661 269.19 150.05 135 59 72.3 77.75
------------------------------------------------------------------------
KRD73 739500 1289762 271.43 90.00 135 55 72.3 17.70
------------------------------------------------------------------------
>>
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.
To view Figure 1 and Figure 2 of Volta's Kiaka Gold Project, please
visit: files.newswire.ca/407/VOLTA_KiakaProj_Apr30.doc
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 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
Tags: April 30, Burkina Faso, canada, Toronto, Volta Resources Inc.
