Volta Resources Intersects 41 Metres (at) 3.23 Grams per Tonne of Gold at its Kampti Gold Project in Burkina Faso
By Prne, Gaea News NetworkTuesday, June 23, 2009
TORONTO - Volta Resources Inc. (”Volta” or the “Company”) (TSX:VTR) announced today results from its recently completed reverse circulation (”RC”) drilling program on the Mamena-Fofora prospect at its 100% owned Kampti III property in southern Burkina Faso, West Africa. Highlights include intersections of 41m (at) 3.23g/t gold (”Au”), 5m (at) 6.84g/t Au, 6m (at) 4.28g/t Au, 8m (at) 4.15g/t Au and 5m (at) 2.06 g/t Au (see Figure 1).
To view Figure 1, please visit the following URL: files.newswire.ca/407/Figure-1-Kampti-III-Property.doc.
Kevin Bullock, Volta’s President and CEO, said, “We are excited that we have intersected our best hole yet at Kampti. The hole sits on an identified strike length of about 300 metres that is open to the north and south. These results exceed our expectations and we are eager to follow up with more drilling that will further define the growing potential at Kampti. Our next step is to undertake another auger drilling program to infill, refine and further extend the Kampti targets in order to prepare for the next round of RC and diamond drilling.”
Drilling confirms the presence of gold mineralization in all three target areas, with most holes intersecting anomalous gold values ((greater than)0.25g/t Au) over multiple zones. Highlights of the results are presented in the table below.
———————————————————————– HOLE ID No. FROM (m) TO (m) INTERVAL (m) Au (g/t) MID (m) ———————————————————————– 0 41 41 3.23 4 ———————————————————– RC66 Incl. 15 24 9 9.46 0 ———————————————————– Incl. 32 39 7 5.11 0 ———————————————————————— 0 2 2 3.93 0 RC67 ———————————————————– 63 75 12 1.04 0 ———————————————————————– 0 2 2 1.44 0 ———————————————————– RC68 43 48 5 6.84 0 ———————————————————– 68 74 6 4.28 0 ———————————————————————– RC70 52 59 7 1.23 2 ———————————————————————– 14 16 2 1.18 0 RC78 ———————————————————– 41 54 13 0.55 4 ———————————————————————– 18 22 4 6.12 0 RC79 ———————————————————– 80 99 19 1.00 3 ———————————————————————– 0 37 37 0.66 6 ———————————————————– Incl. 13 19 6 1.01 0 ———————————————————– RC80 Incl. 33 37 4 1.19 0 ———————————————————– 48 50 2 2.68 0 ———————————————————– 56 58 2 2.14 0 ———————————————————————– 50 52 2 5.29 0 RC81 ———————————————————– 80 85 5 2.06 0 ———————————————————————– RC83 11 19 8 4.15 0 ———————————————————————–
NOTES: 1) Intervals are core length. True width is unknown at this time. 2) Intersections are based on a 0.25 g/t Au cut-off with no top cut applied. Internal dilution (less than 0.25 g/t Au) has been carried to a maximum internal dilution (MID) as specified in the table. The 0.25 g/t Au cut-off best expresses the lower-grade envelope in which the high-grade mineralized systems occur. 3) The intersections listed in the table represent sections of at least 2m in excess of 1g/t Au and/or sections of at least 10m in excess of 0.5g/t Au. 4) Dry 1m-interval 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. 5) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge. 6) Standards were inserted every 15 samples, field duplicates about every 40 and blanks about every 50 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.
Initial RC drilling programs carried out at the Mamena-Fofora prospect identified 3 target zones in an area actively worked by artisanal small-scale miners. The Company has successfully refined and classified the 3 target zones into areas of complex and contaminated regolith cover utilizing a Company owned own tractor-mounted power auger rig. (See Volta’s news release of May 20, 2009).
A total of 20 holes, representing 1,501 meters of drilling, were drilled in the current program to depths of up to 102 meters, all inclined at -55 degrees to the west. In all, 1,492 samples were collected for assaying, and 175 control samples (including 104 standards, 39 duplicates and 32 blanks) were also submitted. The samples were submitted for assay to ALS Chemex’s laboratories in Ouagadougou, Burkina Faso.
TARGET ZONE A: 13 holes were drilled over target Zone A (Holes RC71 - RC84). These holes tested the northern extension of a prominent NNW-trending structural feature, defined over several kilometers by coincident chargeable and resistive zones in a gradient array induced polarization (”IP”) survey undertaken by the Company. The structure hosts numerous artisanal gold workings over 700m of strike where it widens and is cross cut by a NNE trending shear zone. Drilling confirms mineralization is associated with abundant narrow quartz vein arrays, sulphides, silicification and local kaolinization. A number of en echelon higher grade zones, characterized by a greater density of quartz veining, were intersected within a broader lower grade envelope over 300m of strike (between sections including holes RC 77 to RC83).
TARGET ZONE B: 5 holes were drilled over target Zone B (RC66 - RC70). These holes extended a similar and parallel NNW-trending structure located approximately 750 metres to the east. Significant grades over widths ranging between 5 and 41m have been returned by four of the five holes drilled in the current campaign. To date the mineralized structure has been confirmed over approximately 300 metres along strike, between holes RC66 and RC70, and is open to both the north and the south. Significantly, recent auger drilling has confirmed gold anomalism in saprolite (beneath contaminated and/or lateritic soils) 300m north of RC66 of the mineralization. Further auger and RC drilling are planned to fully test the extent of the mineralized structure.
TARGET ZONE C: 1 hole was drilled over target Zone C (RC85). This single hole was drilled to test the significant gold anomalism ((greater than)0.1g.t) recently identified during an auger drilling program along a NNE-SSW trending structure immediately northeast of Zone A. The structure coincides with a right lateral jog in the coincident IP anomaly and lines up with a significant intersection encountered in a previous hole RC27 (Volta’s see News release of 20 May, 2009). RC85 intersected 3m (at) 0.40g/t Au, explaining the gold anomalism reported by the auger program.
Table 2: Drill Hole Locations for Holes Drilled at Kampti in 2009. ———————————————————————– Drilled HOLE ID UTM_X(x) UTM_Y(x) AZ DIP depth(m) ———————————————————————— KRC 66 446518 1123031 270 degrees -55 84 ———————————————————————— KRC 67 446584 1122950 270 degrees -55 75 ———————————————————————— KRC 68 446550 1122950 270 degrees -55 75 ———————————————————————— KRC 69 446665 1122750 270 degrees -55 48 ———————————————————————— KRC 70 446640 1122750 270 degrees -55 75 ———————————————————————— KRC 71 445840 1123260 270 degrees -55 48 ———————————————————————— KRC 72 445820 1123260 270 degrees -55 66 ———————————————————————— KRC 73 445792 1123260 270 degrees -55 66 ———————————————————————— KRC 74 445760 1123260 270 degrees -55 66 ———————————————————————— KRC 75 445727 1123260 270 degrees -55 60 ———————————————————————— KRC 76 445775 1123075 270 degrees -55 12 ———————————————————————— KRC 77 445782 1123075 270 degrees -55 101 ———————————————————————— KRC 78 445923 1122897 270 degrees -55 75 ———————————————————————— KRC 79 445890 1122897 270 degrees -55 100 ———————————————————————— KRC 80 445816 1122980 270 degrees -55 100 ———————————————————————— KRC 81 445958 1122984 270 degrees -55 100 ———————————————————————— KRC 82 445986 1122897 270 degrees -55 76 ———————————————————————— KRC 83 445890 1122985 270 degrees -55 100 ———————————————————————— KRC 84 445850 1122794 270 degrees -55 102 ———————————————————————— KRC 85 446025 1123345 270 degrees -55 72 ————————————————————————
(x) Datum WGS84, coordinates as planned, final coordinates to be surveyed
and confirmed.
Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua 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.
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, Tel: +1-416-867-2299, Fax:+1-416-867-2298, Email: kbullock@voltaresources.com
Source: Volta Resources Inc.
For further information: Contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-416-867-2299, Fax:+1-416-867-2298, Email: kbullock at voltaresources.com
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