 |
|
|
|
| | February 11, 2010
Volta Reports Additional Positive Results from Target Zone B at the Mamena-Fofora Prospect at Kampti in SW Burkina Faso
|
| |
Toronto, ON - February 11, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announced today results from its recently completed short drilling program comprising 10 holes for 921 meters on the Maména-Fofora prospect at its 100% owned Kampti III property in southern Burkina Faso, West Africa. Highlights include intersections of 3m @ 3.06g/t Au, 6m @ 2.49 g/t Au, 4m @ 2.11g/t Au, 17m @1.14g/t Au and 4m @ 1.53g/t Au (see Figure 1).
The campaign included nine Reverse Circulation ("RC") drill holes and one diamond drill core ("DD") hole. The objective of the program was to improve the definition and extension of the mineralization intersected at Target Zone B in the previous RC drilling program (See News Release of June 24, 2009) and auger program (see News Release of November 17, 2009). Target Zone B is one of 3 target zones within a 1.5 kilometer radius that have been drill tested so far on the Maména-Fofora prospect at Kampti.
Drilling has confirmed the presence of gold mineralization in the target area, with most holes intersecting anomalous gold values (>0.25g/t Au) over multiple zones for more than 500m of strike. Highlights of the results are presented in the table below.
Kevin Bullock, Volta's President and CEO, said, "These results have added to our evolving model for mineralization at Kampti. Since these results have confirmed our view of the mineralization inherent in Target Zone B, we will now direct our activities toward several other regional targets at Kampti in order to extrapolate our model and to enhance the Kampti project's overall potential."
Table 1: Target Zone B - Intersection highlights
HOLE
ID |
FROM
m |
TO
m |
INTERVAL
m |
Grade
g/t Au |
MID
m |
REMARK |
| KRC86 |
9 |
18 |
9 |
0.72 |
2 |
|
| |
27 |
41 |
14 |
0.83 |
3 |
|
| |
46 |
69 |
23 |
0.89 |
4 |
|
| |
52 |
69 |
17 |
1.14 |
1 |
|
| KRC87 |
72 |
81 |
9 |
0.87 |
2 |
halted in mineralization |
| KRC88 |
60 |
62 |
2 |
1.68 |
0 |
|
| KRC89 |
0 |
13 |
13 |
0.63 |
2 |
|
| |
22 |
36 |
14 |
0.33 |
0 |
No sample from 20-22 and 25-30m due to artisanal pits |
| KRC90 |
74 |
78 |
4 |
1.53 |
1 |
|
| KRC93 |
26 |
31 |
5 |
0.82 |
1 |
|
| S1KT |
95 |
99 |
4 |
2.11 |
0 |
|
| |
110 |
116 |
6 |
2.49 |
2 |
|
| |
144 |
151 |
7 |
0.71 |
2 |
halted in mineralization |
| KRC94 |
67 |
81 |
14 |
0.58 |
3 |
|
| |
75 |
79 |
4 |
1.18 |
0 |
|
| |
129 |
132 |
3 |
3.06 |
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 of 3m except in KRC86 where the maximum internal dilution (MID) is 4m. 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 5m in excess of 0.5g/t Au.
4) Dry RC 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.
The core hole S1KT was sampled at one metre intervals and cut in half using a diamond saw. One-half of the core was archived at the core storage facility on site while the other half was sent to the laboratory
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 (in the RC holes only) about every 25 and blanks about every 35 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.
Table 2: Drill hole locations for holes drilled at Kampti in the latest campaign
| HOLE ID* |
UTM_X** |
UTM_Y** |
AZIMUTH |
DIP |
ELEVATION*** |
DEPTH (m) |
| KRC86 |
446510 |
1123100 |
270 |
-55 |
369 |
80 |
| KRC87 |
446550 |
1123100 |
270 |
-55 |
367 |
82 |
| KRC88 |
446610 |
1123900 |
270 |
-55 |
348 |
78 |
| KRC89 |
446575 |
1123900 |
270 |
-55 |
348 |
75 |
| KRC90 |
446645 |
1122700 |
270 |
-55 |
369 |
78 |
| KRC91 |
446615 |
1122700 |
270 |
-55 |
370 |
90 |
| KRC92 |
446675 |
1122600 |
270 |
-55 |
368 |
75 |
| KRC93 |
446590 |
1123100 |
270 |
-55 |
366 |
72 |
| S1KT |
446575 |
1122990 |
270 |
-55 |
370 |
151 |
| KRC94 |
446520 |
1123150 |
270 |
-55 |
367 |
140 |
| * | All holes are reverse circulation drill holes, except S1KT which is a cored hole, drilled in HQ diameter. |
| ** | Datum UTM WGS84 - Zone 30, coordinates as planned, final coordinates to be surveyed and confirmed. |
| *** | Elevation as deducted from the existing topographical maps, final elevation to be surveyed and confirmed |
This phase of drilling suggests mineralization comprises a plunging higher grade zone with multiple parallel reefs within a broader mineralized envelope. The next step at Kampti will entail pursuing several other prospects outside of Maména-Fofora which show mineralization being exploited by artisanal workers in similar structural settings as drilled at Target Zone B.
Under the guidelines of National Instrument 43-101, the qualified person for the Kampti 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.
Figure 1: Plan showing location of drilling at Target Zone B.
Click to Enlarge
View News Release in PDF Format: |
| |
| |
|
|
