 |
|
|
|
 Volta Resources Inc. (TSX:VTR) is the result of a 50/50 merger of two experienced West African explorers, Birim Goldfields Inc. and Goldcrest Resources Ltd. The newly formed company remains Canadian-based with its head office in Toronto, Ontario and its operations offices in Accra, Ghana and Ouagadougou, Burkina Faso.
Volta's primary focus is to become the leader in the identification, acquisition and exploration of gold properties in West Africa
- Since 1994, Birim Goldfields focussed its exploration attention on Ghana, West Africa where its 'early mover' status allowed it to accumulate over 7,000 km2 - an enviable property portfolio in one of the world's highly prospective gold exploration regions. With over 14 years of dedication, Birim's commitment to Ghana remained strong.
- Goldcrest Resources entered Burkino Faso in 2000 and secured several prospective exploration properties including the Gaoua copper-gold porphyry project, which is subject to an earn-in agreement with Freeport McMoRan Exploration Corporation. With the recent successful sale of its Youanmi gold project in Western Australia for a substantial sum in cash and marketable securities, Goldcrest enabled its expansion efforts in West Africa from its base in Burkina Faso.
The newly formed Volta Resources Inc. offers shareholders significant synergies and exposure to an exploration company that now includes:
- A combined portfolio totaling 29 properties in Ghana and Burkina Faso. All of these properties are located on highly prospective Birimian gold belts, similar to those that have delivered several world-class gold mines in West Africa over the last 15 years.
- Multiple first class exploration targets, including a recently defined NI43-101 compliant gold resource in northwestern Ghana, six advanced drill defined prospects, nine drill-ready targets and over 40 first class anomalies with the potential to be advanced to a drill-ready stage.
- An aggregate of over $25 Million in cash and marketable securities giving Volta the financial strength and flexibility to take advantage of consolidation and acquisition opportunities in West Africa.
- An enhanced team with expertise in West African exploration. A combined management and exploration team that has the skills and regional experience to ensure systematic progress on all projects and the ability to identify and secure new opportunities in the region.
- Market Capitalization. Increased share trading liquidity and market capitalization that is attractive to a wider range of investors than that offered by the individual companies.
With an experienced, motivated and dedicated team of professionals, a quality portfolio of strategically located properties and a healthy working capital, Volta Resources Inc. is well placed to recognize and capitalize on the mineral rich opportunities in West Africa.
|
|
