Volta Reports 242.0m @ 1.41g/t Gold at its Kiaka Gold Project in Burkina Faso
- Also 190.5m @ 1.01 g/t Gold, including 25.0m @ 2.00g/t Gold
- TSX: VTR
TORONTO, April 20, 2011 /PRNewswire/ -- 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 have been received to date for a further 11 holes located on sections 5550N (6 holes) and 5575N (5 holes), 25m and 50m northeast of previous released section 5525N, respectively (see News Release of March 31st). These holes were 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 another 100 meters down to 300m vertically below surface. The highlights from these sections include:
- KDH201 : 87.0m @ 1.25g/t Au, including 15.0m @ 2.21g/t Au
- KDH206 : 40.0m @ 0.97g/t Au, including 14.0m @ 2.00g/t Au.
- KRD208 : 142.0m @ 1.10g/t Au, including 7.0m @ 3.24g/t Au AND
- KRD208 : 50.0m @ 1.07g/t Au, including 23.0m @ 1.64g/t Au
- KDH209 : 190.5m @ 1.01g/t Au, including 25.0m @ 2.00g/t Au
- KDH210 : 242.0m @ 1.41g/t Au, including 26.0m @ 2.51g/t Au, 8.0m @ 11.79g/t Au and 13.0m @ 2.80g/t Au
- KRD213 : 118.0m @ 0.89g/t Au, including 16.0m @ 2.29g/t Au
Kevin Bullock, Volta's CEO, said, "Once again the Kiaka project has delivered exceptional results. As we progress along strike we continue to intersect wide, highly mineralized intercepts adding to the data that will be used to prepare our resource update, due out in June."
The holes on section 5550N aimed, except for KDH201, at testing the Hanging Wall Zone (KHZ). They outlined a series of parallel sub-vertical, mineralized shear zones. KDH201 on section 5550N and the holes on section 5575N have extended the Kiaka Main Zone (KMZ) mineralization to well beyond 300m vertically below surface. The latest results clearly highlight that drilling is now justified and required in order to extend the Hanging Wall Zone (KHZ) and/or Footwall Zone (KFZ) on Section 5575N.
Results for the holes are highlighted in Table 1 and in Figures 2 & 3. 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 sections 5550N and 5575N
SECTION BHID FROM TO (m) INTERVAL Au(g/t) COMMENTS/REMARKS
(m) (m)
5500N KDH201 169.00 182.00 13.00 0.85
AND 193.00 236.00 43.00 0.52
INCL 198.00 202.90 4.90 1.28
AND 242.00 329.00 87.00 1.25
INCL 270.00 304.00 34.00 1.56
INCL 314.00 329.00 15.00 2.21
AND 356.00 429.10 73.10 0.79 ENDED IN MINERALIZATION
INCL 361.00 366.00 5.00 1.13
INCL 379.00 384.00 5.00 1.77
INCL 388.00 391.00 3.00 2.29
INCL 415.00 418.00 3.00 1.44
INCL 421.00 426.00 5.00 1.31
KDH203 106.00 133.00 27.00 0.86
AND 192.00 202.00 10.00 0.85 ENDED IN MINERALIZATION
KDH204 65.95 89.00 23.05 0.53
INCL 65.95 70.00 4.05 1.51
KDH205 69.00 72.80 3.80 1.07
AND 79.20 103.25 24.05 0.75 ENDED IN MINERALIZATION
KDH206 2.00 42.00 40.00 0.97
INCL 2.00 16.00 14.00 2.00
AND 88.00 99.00 11.00 0.51
INCL 96.00 99.00 3.00 1.04
KDH207 10.20 28.60 18.40 0.54
AND 88.00 98.00 10.00 0.95
5575N KRD208 40.00 182.00 142.00 1.10 178.0-179.0m = 15.45g/t
Au
INCL 41.00 47.00 6.00 1.55
INCL 50.00 79.50 29.50 1.54
INCL 83.00 103.00 20.00 1.39
INCL 120.00 131.00 11.00 1.05
INCL 139.00 142.00 3.00 1.15
INCL 145.90 156.00 10.10 1.57
INCL 174.00 181.00 7.00 3.24
AND 190.00 240.00 50.00 1.07
INCL 193.00 196.00 3.00 1.06
INCL 212.00 235.00 23.00 1.64
AND 254.00 257.00 3.00 1.09
KDH209 3.50 194.00 190.50 1.01 69.0-70.0m : 17.6g/t Au
INCL 30.00 49.30 19.30 1.43
INCL 52.00 77.00 25.00 2.00
INCL 80.00 104.65 24.65 1.40
INCL 112.00 120.00 8.00 1.39
INCL 123.00 127.15 4.15 2.89
INCL 150.00 153.00 3.00 1.44
INCL 163.00 167.00 4.00 1.19
KDH210 40.00 43.00 3.00 1.04
AND 101.00 343.00 242.00 1.41 148.0-149.0m = 11.95g/t
Au;
249.0-250.0m = 88.9g/t
Au;
289.0-290.0m = 13.55g/t
Au
INCL 115.00 118.00 3.00 1.09
INCL 129.00 155.00 26.00 2.51
INCL 163.00 174.00 11.00 2.31
INCL 178.00 190.00 12.00 1.21
INCL 203.00 219.00 16.00 1.54
INCL 225.00 228.00 3.00 1.06
INCL 242.00 250.00 8.00 11.79
INCL 262.00 270.70 8.70 1.32
INCL 277.00 290.00 13.00 2.80
KRD211 1.00 37.00 36.00 1.22 34.0-35.0m = 11.55g/t Au
INCL 1.00 13.00 12.00 1.10
INCL 16.00 21.00 5.00 1.49
INCL 25.00 37.00 12.00 1.72
AND 45.00 153.00 108.00 0.55 ENDED IN MINERALIZATION
INCL 45.00 49.00 4.00 1.86
INCL 54.00 61.00 7.00 1.76
INCL 82.35 88.00 5.65 1.08
KRD213 5.00 123.00 118.00 0.89
INCL 35.00 51.90 16.90 1.18
INCL 55.00 100.00 45.00 1.16
INCL 103.00 123.00 20.00 1.01
AND 132.00 280.00 148.00 0.89 139.0-140.0m = 11.6g/t
Au
INCL 134.00 140.00 6.00 3.27
INCL 154.00 164.85 10.85 1.28
INCL 169.00 185.00 16.00 2.29 172.0-173.0m = 19.0g/t
Au
INCL 197.00 204.00 7.00 2.09
INCL 254.00 259.00 5.00 1.15
INCL 276.00 280.00 4.00 1.07
AND 288.00 291.00 3.00 1.20
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 holes KRD208 and KRD211 where it has been increased to 6m, and KDH210 where it has been increased to 8m..
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) 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.
6) The intersections represent sections drilled by reverse circulation (RC) and/or cored drilling (see Table 2).
7) 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.
8) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge.
9) 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 & orientation parameters, sections 5550N & 5575N
SECTIONHole Easting Northing Elevation Depth Dip Azimuth RC DD
ID
(m) (m)(degrees) (degrees) (m) (m)
KDH201 739632 1289408 265 430,25 -60 315 0,0 430,25
KDH203 739387 1289658 271 202,00 -55 135 0,0 202,00
5550N KDH204 739281 1289765 273 100,70 -55 135 0,0 100,70
KDH205 739316 1289729 272 103,25 -55 135 0,0 103,25
KDH206 739421 1289622 269 100,40 -55 135 0,0 100,40
KDH207 739351 1289693 271 100,40 -55 135 0,0 100,40
KRD208 739578 1289496 268 288,44 -58 315 30,15 258,29
KDH209 739508 1289567 268 220,40 -58 315 0,00 220,40
5575N KDH210 739438 1289638 270 412,10 -60 135 0,00 412,10
KRD211 739543 1289531 268 153,00 -55 135 30,50 122,50
KRD213 739473 1289603 269 306,40 -60 135 30,00 276,40
Figures 1, 2, and 3 can be viewed at http://files.newswire.ca/407/Volta_Apr20.doc
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 or
Fax: +1(416)867-2298
Email: kbullock@voltaresources.com
Andreas Curkovic, Investor Relations
Tel: +1(416)577-9927
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