Volta Continues to Report Wide Intersections at its Kiaka Gold Project in Burkina Faso
TORONTO, March 4, 2011 /PRNewswire/ --
- 109.0 m @ 1.36 g/t Gold, Including 16.0m @ 3.69 g/t Gold
Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section 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 have been received for 5 holes located on Section 5475N, respectively some 25m NE of previous released section 5450N (see News Release of February 22nd). These holes are aimed at infilling the main deposit defined so far in the Central Area to a 25m x 50m drill spacing and to extend the drilling depth down a further 100 vertical meters. The highlights from the section include:
- KRD182 : 73.1m @ 0.90g/t Au, incl. 19.0m @ 2.24g/t Au
- KDH184 : 93.9m @ 1.03g/t Au, incl. 18.0m @ 2.00g/t Au
- KDH186 : 65.0m @ 1.11g/t Au, incl. 6.0m @ 2.57 g/t Au AND 11.0m @
3.53g/t Au
- KRD189 : 109.0m @ 1.36g/t Au, incl. 16.0m @ 3.69 g/t Au
- KDH190 : 174.0m @ 0.86g/t Au, incl. 29.0m @ 1.76 g/t Au
Kevin Bullock, Volta's CEO, said, "At this point, after repeated and consistent positive results, we are eager to advance Kiaka to the next stage of its development. We have widened and lengthened the mineralized zones and followed them deeper than ever before. We anticipate our updated NI 43-101 resource, due out by the end of June, will provide a foundation to accelerate Kiaka's development path."
The holes on Section 5475N have extended the Kiaka Main Zone (KMZ) mineralization to over 300m vertical depth. Results for the holes are highlighted in Table 1 and 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 for Section 5475N.
BHID FROM TO INTERVAL Au g/t COMMENTS
KRD182 46.00 131.00 85.00 0.80
INCL 66.00 79.00 13.00 1.45
INCL 83.95 87.00 3.05 1.62
INCL 96.00 100.00 4.00 1.25
INCL 109.80 121.00 11.20 1.23
AND 147.00 223.00 76.00 0.69
INCL 157.00 168.00 11.00 1.03
INCL 173.00 189.00 16.00 1.09
INCL 195.00 206.00 11.00 0.85
AND 238.00 311.10 73.10 0.90
INCL 243.00 262.00 19.00 2.24
INCL 278.00 283.00 5.00 1.16
KDH184 4.00 16.00 12.00 1.61
INCL 4.00 15.00 11.00 1.69
AND 21.20 26.20 5.00 1.24
AND 98.10 192.00 93.90 1.03
INCL 103.60 122.00 18.40 1.65
INCL 127.00 145.00 18.00 2.00
AND 219.00 239.00 20.00 0.99
INCL 220.00 227.15 7.15 1.53
INCL 231.00 236.00 5.00 1.11
KDH186 2.50 78.00 75.50 0.94
INCL 40.00 57.00 17.00 2.28
INCL 63.00 66.00 3.00 1.34
AND 84.00 100.00 16.00 0.61
INCL 92.00 96.00 4.00 1.19
AND 107.00 172.00 65.00 1.11
INCL 110.00 116.00 6.00 2.57
INCL 125.00 136.00 11.00 3.53 126.0-127.0 / 23.5g/t Au
KRD189 0.00 70.30 70.30 1.39
INCL 0.00 33.00 33.00 1.61 21.0-22.0m : 13.6g/t Au
INCL 38.00 57.30 19.30 1.94
INCL 99.00 102.00 3.00 1.12
INCL 123.00 126.00 3.00 1.04
AND 139.00 248.00 109.00 1.36
INCL 139.00 165.60 26.60 1.79
INCL 168.00 180.00 12.00 1.74
INCL 204.00 207.00 3.00 1.24
INCL 232.00 248.00 16.00 3.69 234.0-235.0m : 20.7g/t Au
AND 264.80 275.00 10.20 0.52
AND 304.70 344.70 40.00 1.01
INCL 318.00 322.00 4.00 1.51
INCL 333.00 340.00 7.00 2.41
KDH190 47.00 76.00 29.00 0.54
INCL 54.00 58.00 4.00 1.70
AND 111.00 285.00 174.00 0.86
INCL 139.00 148.40 9.40 1.79
INCL 183.00 191.00 8.00 2.06
INCL 206.00 235.00 29.00 1.76
INCL 249.00 253.00 4.00 1.04
INCL 258.00 261.00 3.00 1.50
INCL 264.00 285.00 21.00 0.95
AND 293.00 354.00 61.00 0.77
INCL 301.00 311.00 10.00 1.01
INCL 314.00 319.00 5.00 1.29
INCL 328.00 331.00 3.00 1.34
INCL 339.00 343.00 4.00 2.00
AND 390.00 402.00 12.00 0.99
INCL 391.00 394.00 3.00 1.69
Notes on Tables 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 holes KRD182, KDH 184 and KDH 189 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. 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 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 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.
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 (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: Borehole collar coordinates and orientation parameters for Section 5475N.
Hole ID Easting Northing Elevation Depth Dip Azimuth RC DD
(m) (m) (degrees) (degrees) (m) (m)
KRD182 739405 1289527 269 321,28 -60 135 33,00 288,28
KDH184 739437 1289496 268 241,00 -58 135 - 241,00
KDH186 739473 1289461 267 190,00 -55 135 - 190,00
KRD189 739508 1289427 266 345,00 -60 315 34,00 311,00
KDH190 739365 1289566 269 415,00 -60 135 - 415,00
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.
To view Figure 1: Location of collars on Section 5475N, please visit: http://files.newswire.ca/407/Volta_figure1.doc
To view Figure 2: Section 5475N at Kiaka Central Area, please visit: http://files.newswire.ca/407/Volta_Figure2.doc
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
or
Andreas Curkovic, Investor Relations
+1-416-577-9927
SOURCE Volta Resources Inc.
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