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Volta Confirms Continuity and Extends Mineralization to the Northeast at its Kiaka Gold Project in Burkina Faso


News provided by

Volta Resources Inc.

23 Jun, 2011, 14:51 GMT

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TORONTO, June 23, 2011 /PRNewswire/ --

- Intersects 126.0m @ 1.57g/t Gold, Including 13.0m @ 3.26g/t Gold

TSX: VTR

Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed sections from its on-going drilling program comprising more than 250 holes for approximately 50,000 meters in the Central Area at its Kiaka Gold Project in Burkina Faso (see News Release of 22 September 2010).

Results for an additional 79 holes located on nine Sections, between 5700N and 6200N have been received and are included in this press release. The nine sections are 50m apart and include 5700N, 5750N, 5800N, 5850N, 5900N, 5950N, 6000N, 6050N and 6200N; thereby extending and confirming continuity of mineralization 550m north of previous released section 5650N (see News Release of May 31st 2011). The highlights from current drilling on these sections include:

  • KDH263 :  183.00m @ 1.03g/t Au, including 17.00m @ 1.56g/t Au
  • KDH276 :  126.00m @ 1.57g/t Au, including 13.00m @ 3.26g/t Au
  • KDH268 :  246.18m @ 0.87g/t Au, including   6.00m @ 1.85g/t Au
  • KDH271 :  196.00m @ 0.92g/t Au, including 30.00m @ 1.58g/t Au
  • KRD274 :  158.60m @ 0.65g/t Au, including   3.00m @ 4.96g/t Au
  • KRD274 :    66.00m @ 0.94g/t Au, including   5.00m @ 3.19g/t Au
  • KKRC56 :    32.00m @ 0.66g/t Au, including 5.00m @ 2.09g/t Au
  • KKRC60 :    13.00m @ 1.71g/t Au
  • KKRC63 :    21.00m @ 1.27g/t Au, including   6.00m @ 3.15g/t Au
  • KKRC68 :    36.00m @ 0.60 g/t Au, including 3.00m @ 1.83 g/t Au
  • KKRC109 :  53.00m @ 0,59g/t Au, including   4.00m @ 2.37g/t Au
  • KKRC118 :  25.00m @ 1.24g/t Au, including   5.00m @ 3.58g/t Au
  • KKRC 89 :   22.00m @ 1.29g/t Au, including 12.00m @ 2.05g/t Au

Kevin Bullock, Volta's CEO, said, "We continue to demonstrate that Kiaka is deeper, wider and better than originally defined last year.  After the imminent release of our updated resource we will focus on a pre-feasibility study that will be designed to optimize mine planning to maximize the value at Kiaka". 

Holes KDH263, KDH276, KDH271, KDH268 and KRD274 on Sections 5700N, 5750N and 5800N confirm the continuity of wide mineralization, typical of the Kiaka Main Zone (KMZ) deposit, north of Section 5650N underneath a South-East shallow dipping fault. These holes have also extended the KMZ mineralization down to vertical depth exceeding 400m. The mineralization still remains open towards the Northeast.

Above the fault, mineralization occurs as narrower sub-vertical intersections, typical of the Hanging Wall Zone (KHZ) style. Holes KKRC89, KKRC90 and KKRC91 on Section 6200N have extended the KHZ mineralization (+30m wide) along strike to over 550m northeast of previous released section 5650N (see News Release of May 31st 2011).

The sections further confirm the continuity of the KHZ towards the northeast. The KHZ consists of a set of steep northwest dipping parallel zones of mineralization, ranging from a few meters wide to over 25 meters in width, separated by amphibolitic intrusions. The KMZ and KHZ are currently interpreted to form one main mineralized orebody, intersected by a series of basic, post-mineralization intrusives expressed as amphibolites in the drill core.

Results for the holes are highlighted in Table 1 and in Figure 1 (http://files.newswire.ca/407/Volta_Figure_1.doc) . 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.

To date, most planned holes of Volta's on-going program have been drilled and the last remaining assays are being received. Volta is on track to finalize an updated National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2011.

Table 1: Highlights of gold intersections for Sections 5700N, 5750N, 5800N, 5850N, 5900N, 5950N, 6000N, 6050N, 6100N and 6200N

    SECTION HOLE ID  FROM    TO   INTERVAL  Au              COMMENT
                     (m)    (m)     (m)    (g/t)
     5700N  KDH263  111.00 121.00    10.00  0.57
            AND     210.00 238.00    28.00  0.54 Core loss : 226.0-227.0m
               INCL 227.00 232.00     5.00  0.87
            AND     244.00 263.00    19.00  6.40 261.0-262.0=113.18g/t Au
            AND     276.00 459.00   183.00  1.03
               INCL 320.00 337.00    17.00  1.56
               INCL 354.00 382.00    28.00  1.40
               INCL 387.00 442.00    55.00  1.39
            KDH264   54.00  76.85    22.85  0.78
               INCL     67     72     5.00  1.75
                                                 55.65-56.7m = 13.5 g/t;
            KDH276   44.00  60.00    16.00  2.45 56.7-57.8m = 18.3g/t
               INCL  55.65     60     4.35  8.24
            AND        103    106     3.00  2.60
            AND        164    176    12.00  0.62
            AND        218    241    23.00  0.74 Core loss : 225.0-225.7m
               INCL  225.7  228.5      2.8  3.30
            AND        247    268    21.00  0.85 Core loss : 254.5-255.77m
               INCL    252    268    16.00  0.99
            AND        276    402   126.00  1.57 319.9-321.1m = 15.19g/t Au
               INCL    316    329    13.00  3.26
               INCL    335    380    45.00  1.83
               INCL    383  401.1    18.10  1.56
            AND      417.4 465.45    48.05  0.74
               INCL  418.5    428     9.50  1.14
               INCL    431    439     8.00  0.97
               INCL    451    455     4.00  1.16
            AND        471    520    49.00  1.09
               INCL    471    477     6.00  1.79
               INCL    487    504    17.00  2.07
            AND        547  583.1    36.10  0.47 ENDED IN MINERALIZATION
               INCL    578    581     3.00  2.44
     5750N  KDH268  102.00 113.00    11.00  0.66
               INCL 105.00 108.00     3.00  1.76
            AND     166.00 412.18   246.18  0.87 ENDED IN MINERALIZATION
               INCL 177.75 190.00    12.25  1.40
               INCL 194.00 203.00     9.00  1.09
               INCL 207.00 211.00     4.00  1.94
               INCL 224.00 233.00     9.00  1.82
               INCL 238.00 273.00    35.00  1.36
               INCL 342.00 348.00     6.00  1.85
               INCL 355.00 360.00     5.00  1.92
               INCL 381.00 407.00    26.00  1.25
            KRD269    8.00  17.00     9.00  2.02
               INCL  13.00  16.00     3.00  5.08
            KDH271  141.00 337.00   196.00  0.92
               INCL 178.00 201.00    23.00  1.30
               INCL 204.00 211.20     7.20  1.28
               INCL 222.00 252.00    30.00  1.58
               INCL 272.00 276.00     4.00  3.48
            KRD272   56.80  70.15    13.35  0.64
     5800N  KRD273    4.00  15.00    11.00  1.03
               INCL   4.00  13.00     9.00  1.15
            AND      21.00  24.00     3.00  5.05 23.0-24.0 = 14.3g/t Au
            KRD274   78.00 236.60   158.60  0.65
               INCL 125.00 132.00     7.00  0.67
               INCL 160.00 166.00     6.00  1.21
               INCL 175.70 180.00     4.30  0.92
               INCL 191.00 194.00     3.00  4.96 192.0-193.0m = 13.08g/t Au
               INCL 201.00 214.00    13.00  1.15
               INCL 217.00 230.00    13.00  1.21
            AND     243.00 309.00    66.00  0.94
               INCL 256.00 264.00     8.00  1.58
               INCL 281.00 286.00     5.00  3.19 285.0-286.0m = 11.77g/t Au
     5850N  KKRC50   50.00  55.00     5.00  1.89
             KKRC52  17.00  31.00    14.00  0.65
               INCL  23.00  26.00     3.00  1.10
            KKRC54   76.00  88.00    12.00  0.56
            KKRC55   32.00  98.00    66.00  0.53
               INCL  80.00  84.00     4.00  1.07
            KKRC56    2.00  34.00    32.00  0.66
               INCL   7.00  12.00     5.00  2.09
            KKRC58    0.00  10.00    10.00  0.91
               INCL   0.00   3.00     3.00  2.38 15.0-16.0m = 14.4g/t Au
            KKRC59   82.00 100.00    18.00  0.50 ENDED IN MINERALIZATION
               INCL  84.00  88.00     4.00  1.04
            KKRC60    3.00  16.00    13.00  1.71
            KKRC61   25.00  35.00    10.00  1.23
               INCL  25.00  28.00     3.00  2.75
     5900N  KKRC63   25.00  46.00    21.00  1.27
               INCL  30.00  36.00     6.00  3.15 34.0-35.0m = 13.2g/t AU
            KKRC65   61.00  66.00     5.00  3.18 65.0-66.0m = 13.9g/t Au
            KKRC67   30.00  43.00    13.00  0.50 ENDED IN MINERALIZATION
            KKRC68    9.00  45.00    36.00  0.60
               INCL  20.00  23.00     3.00  1.83
               INCL  29.00  34.00     5.00  1.26
            AND      87.00  92.00     5.00  1.42
            KKRC69   12.00  16.00     4.00  1.21
     5950N  KKRC96      66     84       18  1.34
               INCL     66     79       13  1.65
            KKRC97      12     67       55  0.70 42.0-43.0m = 15.75g/t Au
            KKRC101      5     53       48  0.57
            KKRC103     48     51        3  1.36
            KKRC105     43     46        3  1.10
     6000N  KKRC109      7     60       53  0.59
               INCL     19     23        4  2.37
     6050N  KKRC118      2     21       19  0.70
               INCL      9     12        3  1.09
            AND         28     53       25  1.24
               INCL     40     44        4  1.08
               INCL     47     52        5  3.58 47.0 - 48.0 = 12.40 g/t Au
            AND         82    100       18  0.92 ENDED IN MINERALIZATION
               INCL     85     91        6  1.32
               INCL     94     99        5  1.09
            KKRC121      3     78       75  0.58 ENDED IN MINERALIZATION
               INCL     38     41        3  1.10
               INCL     50     53        3  1.17
            KKRC122      3     26       23  0.52
            KKRC124     70     73        3  1.02
     6200N  KKRC85      11     17        6  1.17
            KKRC88      48     70       22  0.69
            KKRC89      16     38       22  1.29
               INCL     17     29       12  2.05

Notes on Table 1:
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 envelop, except for hole KDH268 (166.0-412.18m intercept) and KRD274 (78.0-236.6m intercept) where it has been increased to 6m.
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.
4) No top cut has been applied.
5) Where core losses were reported in the mineralized intercepts, the width entire mineralized intercept is reported at the weighted average grade of the remaining samples.
6) 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.
7) The intersections represent sections drilled by reverse circulation (RC) and/or cored drilling (see Table 2).
8) The RC portions of the drill holes were sampled at 1m 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 meter 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.
9) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge.
10) 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.

TABLE 2: Collar coordinates and orientation parameters for boreholes on Sections 5700N, 5750N, 5800N, 5850N, 5900N, 5950N, 6000N, 6050N, 6100N and 6200N

    SECTION Hole ID Easting Northing Elevation Depth  Dip  Azimuth  RC   DD
                                       (m)    (m) (degrees)(degrees)(m)  (m)
     5700N   KDH263  739458  1289802    272 463.08   -60    135   0.00 463.08
             KDH264  739423  1289837    273  99.05   -55    135   0.00  99.05
             KDH266  739385  1289870    274 100.13   -55    135   0.00 100.13
             KDH276  739742  1289520    266 583.10   -60    315   0.00 583.10
     5750N   KRD267  739423  1289909    273 102.15   -55    135  47.00  55.15
             KDH268  739741  1289591    268 412.18   -60    315   0.00 412.18
             KRD269  739459  1289873    274 105.00   -55    135  42.00  63.00
             KRD270  739529  1289803    273 100.05   -55    135  48.00  52.05
             KDH271  739565  1289767    272 370.14   -60    135   0.00 370.14
             KRD272  739600  1289732    270 100.05   -55    135  42.00  58.05
     5800N   KRD273  739565  1289838    274 102.00   -55    135  36.00  66.00
             KRD274  739601  1289803    273 350.90   -58    135  30.50 320.40
     5850N   KKRC48  739489  1289973    272  76.00   -55    135  76.00   0.00
             KKRC49  739520  1289944    273  55.00   -55    135  55.00   0.00
             KKRC50  739542  1289924    273  61.00   -55    135  61.00   0.00
             KKRC51  739566  1289901    273  65.00   -55    135  65.00   0.00
             KKRC52  739592  1289876    273  73.00   -55    135  73.00   0.00
             KKRC53  739621  1289848    273  61.00   -55    135  61.00   0.00
             KKRC54  739645  1289826    273 100.00   -55    135 100.00   0.00
             KKRC55  739685  1289787    271 100.00   -55    135 100.00   0.00
             KKRC56  739721  1289752    271 100.00   -55    135 100.00   0.00
             KKRC57  739758  1289717    270 100.00   -55    135 100.00   0.00
             KKRC58  739794  1289682    270  61.00   -55    315  61.00   0.00
             KKRC59  739796  1289680    269 100.00   -55    135 100.00   0.00
             KKRC60  739830  1289647    268  58.00   -55    135  58.00   0.00
             KKRC61  739851  1289627    268 100.00   -55    315 100.00   0.00
             KKRC62  739852  1289699    269  35.00   -55    135  35.00   0.00
             KKRC63  739866  1289686    269  64.00   -55    135  64.00   0.00
             KKRC64  739524  1290009    271  70.00   -55    135  70.00   0.00
     5900N   KKRC65  739552  1289983    272  82.00   -55    135  82.00   0.00
             KKRC66  739586  1289951    272  61.00   -55    135  61.00   0.00
             KKRC67  739610  1289928    272  43.00   -55    135  43.00   0.00
             KKRC68  739627  1289913    273 100.00   -55    135 100.00   0.00
             KKRC69  739670  1289872    273  81.00   -55    135  81.00   0.00
             KKRC70  739816  1289734    271 100.00   -55    135 100.00   0.00
     5950N   KKRC71  739561  1290046    271  79.00   -55    135  79.00   0.00
             KKRC95  739590  1290018    271  98.00   -55    135  98.00   0.00
             KKRC96  739628  1289983    271  85.00   -55    135  85.00   0.00
             KKRC97  739657  1289956    272  83.00   -55    135  83.00   0.00
             KKRC98  739690  1289925    272  91.00   -55    135  91.00   0.00
             KKRC99  739723  1289894    272  94.00   -55    135  94.00   0.00
            KKRC100  739756  1289863    272  82.00   -55    135  82.00   0.00
            KKRC101  739790  1289834    271 100.00   -55    135 100.00   0.00
            KKRC102  739825  1289798    270  71.00   -55    135  71.00   0.00
            KKRC103  739850  1289774    270  79.00   -55    135  79.00   0.00
            KKRC104  739879  1289747    270  55.00   -55    135  55.00   0.00
            KKRC105  739897  1289730    269  80.00   -55    135  80.00   0.00
     6000N  KKRC106  739605  1290089    270  79.00   -55    135  79.00   0.00
            KKRC107  739632  1290061    270 100.00   -55    135 100.00   0.00
            KKRC108  739666  1290025    271 100.00   -55    135 100.00   0.00
            KKRC109  739727  1289962    271  92.00   -55    135  92.00   0.00
            KKRC110  739758  1289930    272  85.00   -55    135  85.00   0.00
            KKRC111  739785  1289900    272  43.00   -55    135  43.00   0.00
            KKRC112  739844  1289840    270  55.00   -55    135  55.00   0.00
            KKRC113  739869  1289814    270  63.00   -55    135  63.00   0.00
            KKRC114  739890  1289792    270  97.00   -55    135  97.00   0.00
            KKRC115  739924  1289757    269  70.00   -55    135  70.00   0.00
     6050N  KKRC116  739629  1290112    270  79.00   -55    135  79.00   0.00
            KKRC117  739659  1290085    270 100.00   -55    135 100.00   0.00
            KKRC118  739740  1290012    270 100.00   -55    135 100.00   0.00
            KKRC119  739777  1289978    271 100.00   -55    135 100.00   0.00
            KKRC120  739814  1289945    271 100.00   -55    135 100.00   0.00
            KKRC121  739851  1289911    271  78.00   -55    135  78.00   0.00
            KKRC122  739880  1289885    270  85.00   -55    135  85.00   0.00
            KKRC123  739912  1289856    269  46.00   -55    135  46.00   0.00
            KKRC124  739963  1289811    269  79.00   -55    135  79.00   0.00
     6200N   KKRC72  739743  1290217    268  35.00   -55    135  35.00   0.00
             KKRC73  739753  1290206    268  77.00   -55    135  77.00   0.00
             KKRC84  739777  1290183    268 100.00   -55    135 100.00   0.00
             KKRC85  739813  1290148    268  76.00   -55    135  76.00   0.00
             KKRC86  739838  1290123    268 100.00   -55    135 100.00   0.00
             KKRC87  739874  1290088    268  82.00   -55    135  82.00   0.00
             KKRC88  739902  1290060    268  73.00   -55    135  73.00   0.00
             KKRC89  739927  1290036    268  85.00   -55    135  85.00   0.00
             KKRC90  739958  1290006    268 100.00   -55    135 100.00   0.00
             KKRC91  739994  1289971    268 100.00   -55    135 100.00   0.00
             KKRC92  740029  1289935    267  64.00   -55    135  64.00   0.00
             KKRC93  740051  1289914    267  64.00   -55    135  64.00   0.00
             KKRC94  740072  1289893    266  61.00   -55    135  61.00   0.00

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, toward 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.

For further information:
For further information, please refer to our website http://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
Tel: +1(416)577-9927 

 (VTR.)

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