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| | February 04, 2010
Volta Resources Intersects 191 Meters At 1.31 G/T Gold At Its Kiaka Gold Project In Burkina Faso
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| | - Also 93.0m @ 1.59g/t gold, including 57.0m @ 2.05g/t gold -
Toronto, ON -- February 4, 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, 36 holes (~5,400 meters) have been completed of a program comprising more than 150 holes (>22,000 meters). So far results have been received for 14 holes, with this news release covering the latest 9 holes, which are all located on Section 5300N. The highlights from this section include:
- KRD32 : 117.0m @ 1.15g/t Au, including 10.50m @ 2.79g/t Au
- KRD32 : 6.7m @ 4.16g/t Au
- KRD33 : 191.0m @ 1.31g/t Au, including 19.00m @ 2.55g/t Au
- KRD33 : 2.8m @ 8.06g/t Au
- KDH34 : 95.15m @ 1.06g/t Au, including 11.00m @ 2.34g/t Au
- KDH28 : 20.06m @ 1.74g/t Au
- KDH28 : 98.00m @ 1.04g/t Au, including 17.85m @ 2.87g/t Au
- KDH28 : 33.00m @ 1.35g/t Au
- KDH29 : 93.00m @ 1.59g/t Au, Including 57.00m @ 2.05g/t Au
- KDH29 : 82.00m @ 1.04g/t Au, including 12.00m @ 1.59g/t Au
- KDH29 : 42.45m @ 2.07g/t Au, including 2.00m @ 31.16g/t Au
- KKRC15 : 13.0m @ 1.88g/t Au, including 3.00m @ 6.62g/t Au
- KKRC15 : 9.0m @ 6.09g/t Au, including 3.00m @ 17.59g/t Au
Kevin Bullock, Volta's CEO, said, "This section has produced the best results yet at our Kiaka Gold Project. The pattern of impressive widths of mineralization, including higher grade intersections, continues. We look forward to reporting the results for the next section as soon as they are received from the laboratories."
In order to appreciate the extent and geometry of the mineralization on the 5300N 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 5300N
Hole ID |
From |
To |
Interval |
Grade |
|
m |
m |
m |
g/t Au |
KRD32 |
13.00 |
130.00 |
117.00 |
1.15 |
including |
19.00 |
30.00 |
11.00 |
1.34 |
including |
33.00 |
49.00 |
16.00 |
1.25 |
including |
55.00 |
72.00 |
17.00 |
2.08 |
including |
78.00 |
89.00 |
11.00 |
1.79 |
including |
92.00 |
111.00 |
19.00 |
1.13 |
AND |
143.50 |
154.00 |
10.50 |
|
including |
147.30 |
154.00 |
6.70 |
4.16 |
KKRC12 |
61.00 |
100.00 |
39.00 |
1.23 |
including |
71.00 |
85.00 |
14.00 |
1.74 |
including |
89.00 |
94.00 |
5.00 |
2.02 |
including |
97.00 |
100.00 |
3.00 |
1.58 |
KKRC13 |
1.00 |
19.00 |
18.00 |
1.36 |
including |
11.00 |
18.00 |
7.00 |
2.59 |
RD33 |
0.00 |
191.00 |
191.00 |
1.31 |
including |
3.00 |
7.00 |
4.00 |
16.10 |
including |
11.00 |
20.00 |
9.00 |
1.68 |
including |
30.00 |
33.00 |
3.00 |
1.55 |
including |
70.00 |
92.00 |
22.00 |
1.14 |
including |
116.00 |
135.00 |
19.00 |
2.55 |
including |
152.00 |
160.00 |
8.00 |
1.47 |
including |
167.00 |
174.00 |
7.00 |
1.42 |
AND |
213.00 |
230.65 |
17.65 |
1.06 |
including |
213.00 |
223.00 |
10.00 |
1.22 |
including |
219.00 |
223.00 |
4.00 |
1.97 |
AND |
239.25 |
242.00 |
2.75 |
8.06 |
KKRC15 |
2.00 |
15.00 |
13.00 |
1.88 |
including |
6.00 |
9.00 |
3.00 |
6.62 |
AND |
41.00 |
50.00 |
9.00 |
6.09 |
including |
41.00 |
44.00 |
3.00 |
17.59 |
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|
KDH34 |
0.00 |
12.00 |
12.00 |
1.47 |
AND |
22.00 |
117.15 |
95.15 |
1.06 |
including |
28.00 |
39.00 |
11.00 |
2.34 |
including |
42.00 |
51.00 |
9.00 |
1.14 |
including |
54.00 |
62.00 |
8.00 |
1.13 |
including |
65.00 |
70.00 |
5.00 |
1.21 |
including |
75.00 |
86.00 |
11.00 |
1.11 |
including |
90.00 |
100.00 |
10.00 |
1.98 |
AND |
126.00 |
160.00 |
34.00 |
0.79 |
including |
134.00 |
140.00 |
6.00 |
2.15 |
KDH29 |
5.50 |
20.00 |
14.50 |
0.84 |
including |
10.50 |
18.00 |
7.50 |
1.31 |
AND |
28.75 |
72.00 |
43.25 |
0.44 |
including |
40.00 |
45.00 |
5.00 |
1.60 |
AND |
78.00 |
171.00 |
93.00 |
1.59 |
including |
78.00 |
135.00 |
57.00 |
2.05 |
AND |
177.00 |
259.00 |
82.00 |
1.04 |
including |
206.00 |
217.00 |
11.00 |
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including |
238.00 |
242.00 |
4.00 |
3.84 |
including |
247.00 |
259.00 |
12.00 |
1.59 |
AND |
265.00 |
273.70 |
8.70 |
0.80 |
AND |
277.55 |
320.00 |
42.45 |
2.07 |
including |
317.00 |
319.00 |
2.00 |
31.16 |
KDH28 |
29.50 |
50.00 |
20.50 |
0.47 |
AND |
57.00 |
77.06 |
20.06 |
1.74 |
AND |
86.00 |
184.00 |
98.00 |
1.04 |
including |
101.00 |
105.00 |
4.00 |
1.46 |
including |
116.70 |
128.60 |
11.90 |
1.01 |
including |
132.15 |
150.00 |
17.85 |
2.87 |
including |
137.25 |
142.15 |
4.90 |
1.95 |
including |
145.00 |
150.00 |
5.00 |
7.33 |
AND |
194.00 |
227.00 |
33.00 |
1.35 |
including |
197.00 |
227.00 |
30.00 |
1.44 |
AND |
258.60 |
282.00 |
23.40 |
0.67 |
including |
263.00 |
269.00 |
6.00 |
1.08 |
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 of 5m for the lower grade mineralization envelope (increased to 6m for KDH03 and KRD30).
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 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.
8) Certified standards were inserted every 15 samples, field duplicates 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.
9) due to technical problems with the drill rig, core losses were noticed in hole KDH 28 at the following intervals 31.44-31.90m and 141.25-141.39m.These intervals have been attributed an assay value of zero g/t Au in the calculations of the mineralized intercepts as highlighted in table 1.
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the >70m long KHZ zone. The program will infill and extend drilling 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. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to 100m and 100m x 50m from 100m to 150m. The drill program has been optimized with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered before the end of June 2010.
Volta has also commissioned SRK Consulting (UK) to undertake Social and Environmental Scan in order to begin collecting baseline data as well as to identify the key issues in this sphere that will need to be addressed during the prefeasibility stage, which is expected to commence in the latter half of 2010. In addition, SGS Lakefield (Johannesburg) have been engaged to begin additional metallurgical test work to provide a more informed basis for the extensive metallurgical testing that will be required during the prefeasibility stage.
TABLE 2: Borehole collar coordinates and orientation parameters.
Hole ID |
Easting |
Northing |
Elevation
(m) |
Total
depth
(m) |
Dip
(degrees) |
Azimuth
(degrees) |
RC
(m) |
DD
(m) |
KDH28 |
739245 |
1289447 |
270 |
299.07 |
-55 |
135 |
- |
299.07 |
KDH29 |
739381 |
1289310 |
269 |
321.00 |
-55 |
315 |
- |
321.00 |
KDH34 |
739316 |
1289377 |
267 |
165.10 |
-55 |
135 |
- |
165.10 |
KKRC12 |
739351 |
1289341 |
267 |
100.00 |
-56 |
135 |
100.00 |
- |
KKRC13 |
739402 |
1289290 |
266 |
66.00 |
-57 |
135 |
66.00 |
- |
KKRC14 |
739148 |
1289544 |
274 |
80.00 |
-57 |
135 |
80.00 |
- |
KKRC15 |
739208 |
1289484 |
270 |
80.00 |
-55 |
135 |
80.00 |
- |
KRD32 |
739325 |
1289368 |
268 |
165.15 |
-56 |
315 |
54.00 |
111.15 |
KRD33 |
739280 |
1289412 |
268 |
245.25 |
-56 |
135 |
60.00 |
185.25 |
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 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.
For further information, please refer to our website www.Voltaresources.com or contact:
Kevin Bullock, P.Eng., President & CEO
Tel: (647) 388-1842
Fax: (416) 867-2298
Email: kbullock@voltaresources.com
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.
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