Volta Reports Further Drill Results From its Kiaka Gold Project, Burkina Faso
TORONTO, January 6, 2011 /PRNewswire/ --
- Intersects 138.0 Meters at 1.13g/t Gold and 202.0 Meters at 0.87g/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 all 4 holes located on Section 5350N (See Figure 1), some 25m NE of previous released section 5325N (see News Release of 15 December 2010). These holes are aimed at infilling the main deposit defined so far in the Central Area to 25m x 50m drill spacing and to extend the drilling depth down another 100 vertical meters from its current 200m level. The highlights from this section include:
- KDH153: 202.00m @ 0.87 g/t Au, including 14.55m @1.94 g/t Au
- KDH158: 138.05m @ 1.13 g/t Au, including 20.00m @ 1.78 g/t Au AND
- KDH158: 33.00m @ 1.07 g/t Au, including 5.00m @ 1.87 g/t Au
- KDH156: 16.00m @ 1.04 g/t Au, including 6.70m @ 1.95 g/t Au
Kevin Bullock, Volta's President & CEO said, "We continue to be impressed by the sheer size of the Kiaka deposit. At the outset of this second drill campaign our goal was to maintain our previously realized grades and widths in the current infill drilling and to demonstrate similar results in our new deeper holes. So far, we have been consistently exceeding our expectations. We look forward to incorporating these and upcoming results into our next updated resource estimate, which we anticipate will be complete sometime in the second quarter."
The four reported holes on Section 5350N have extended the mineralization, tested by the Company and Randgold during previous campaigns on this section (see News Release of 19 January 2010), to a vertical depth of over 300 meters and have increased its width in excess of 200 meters to the KMZ zone.
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 5350N
BHID FROM TO INTERVAL Au g/t COMMENTS/REMARKS
KDH153 19.80 23.00 3.20 6.71 20.5-21.2m = 18.27g/t Au
AND 93.00 96.00 3.00 5.66 93.0-94.0m = 16.10g/t Au
AND 103.00 138.00 35.00 0.55
INCL 132.10 138.00 5.90 1.26
AND 154.00 195.15 41.15 0.97
INCL 154.00 178.00 24.00 1.34
INCL 190.00 193.00 3.00 1.00
AND 215.00 417.00 202.00 0.87
INCL 215.00 222.85 7.85 1.32
INCL 227.60 240.00 12.40 1.19
INCL 260.00 267.00 7.00 1.02
INCL 274.00 278.00 4.00 1.03
INCL 283.00 310.00 27.00 1.11
INCL 320.00 339.00 19.00 1.22
INCL 343.10 357.65 14.55 1.94 357.0-357.65m = 10.85g/t Au
INCL 405.00 410.00 5.00 1.34
KDH158 0.50 19.00 18.50 1.08
INCL 1.00 10.00 9.00 1.83
AND 31.00 78.00 47.00 0.58
INCL 69.00 78.00 9.00 1.07
AND 122.00 125.00 3.00 1.38
AND 203.70 341.75 138.05 1.13
INCL 217.00 227.70 10.70 1.50
INCL 231.00 268.00 37.00 1.73
INCL 272.00 292.00 20.00 1.78
INCL 296.00 299.75 3.75 1.90
INCL 306.20 309.30 3.10 1.01
AND 358.00 391.00 33.00 1.07 ENDED IN MINERALIZATION
INCL 358.00 362.00 4.00 1.17
INCL 368.00 381.00 13.00 1.19
INCL 385.00 390.00 5.00 1.87
KDH154 152.00 162.00 10.00 0.63
INCL 159.00 162.00 3.00 1.57
AND 176.10 204.00 27.90 0.44 ENDED IN MINERALIZATION
KDH156 43.00 68.00 25.00 0.70
AND 116.00 132.00 16.00 0.62
AND 152.00 168.00 16.00 1.04
INCL 158.00 164.70 6.70 1.95
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.
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 (decreased to 0.44g/t in hole KDH154 as the hole was halted in mineralization).
5) The intersections represent sections drilled by core drilling only (see Table 2).
6) The cored 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 (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 5350N
Hole Easting Northing Elevation Depth Dip Azimuth RC DD
ID
(m) (m) (degrees)(degrees)(m) (m)
KDH153 739243.530 1289517.211 270.98 430.00 -60 135 - 430.00
KDH154 739174.276 1289587.776 274.18 204.00 -55 135 - 204.00
KDH156 739313.133 1289446.455 268.95 202.05 -55 315 - 202.05
KDH158 739456.326 1289305.105 264.37 391.00 -60 315 - 391.00
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, towards 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.
Click http://files.newswire.ca/407/volta-maps.doc to view Figure 1: MAP SHOWING LOCATION OF REPORTED HOLES (Section 5350N) and Figure 2: SECTION 5350N
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
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