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Volta Resources Confirms the Extension of the High-grade Kiaka South Gold Mineralization at its Kiaka Gold Project, Burkina Faso


News provided by

Volta Resources Inc.

29 Aug, 2012, 15:12 GMT

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TORONTO, August 29, 2012 /PRNewswire/ --

- 22.15m @ 3.51g/t gold, including 5.0m @ 13.38g/t Gold, -
- also 12.0m @ 2.43g/t gold, including 4.0m @ 6.91g/t Gold -

Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces additional results from its follow-up drilling program at the Kiaka South Area, on its Kiaka Gold property. These comprise the results from 174 drill holes, totaling 20,671 of drilling, representing respectively 23 core holes (4,371m) and 151 reverse circulation holes (16,300m). The results confirm the extension of high-grade gold mineralization at depth and along strike.

The high-grade mineralization at the Kiaka South Area is situated approximately 700m southwest of the Company's Kiaka Central Area where a positive pre-feasibility study has already defined proven and probable mineral reserves of 126.08 million tonnes at a diluted grade of 0.96 g/t Au for 3.89 million ounces of gold within a single open pit (see News Release of 3 May 2012), within NI-43-101 compliant resources including 117.42 million tonnes @ 1.07 g/t Au for 4,029,000 ounces in the Measured and Indicated categories and 29.96 million tonnes @ 1.00 g/t Au for 1,000,000 ounces in the Inferred category (Please see VTR press release dated March 21, 2012).

The Kiaka South Area gold mineralization occurs from surface and is characterized by high-grade intercepts with single meter intervals regularly exceeding 10g/t gold. Most drill holes intersecting the orebody have, so far, returned high grade gold values over narrow to moderate widths confirming the continuity of the high-grade mineralization. The mineralization is contained within a broad north trending corridor, with three more discrete high grade plunging lenses trending northeast obliquely across this corridor (see Figure1). To date the mineralized corridor has been drilled over a length of more than 600m, between sections 3625N and 4150N, and to a vertical depth exceeding 150m. Highlights from the current reported holes include:

    KDH414 :   15.00m @ 2.14g/t Au, including 9.4m @ 2.77g/t Au
    KDH415 :   13.10m @ 1.87g/t Au, including 5.0m @ 3.85g/t Au
    KDH416 :       4.45m @ 7.70 g/t Au AND 8.3m @ 2.52g/t Au
    KDH417 :   22.00m @ 2.20g/t Au, including 3.4m @ 5.44g/t Au
    KDH433 :   22.15m @ 3.51g/t Au, including 5.0m @ 13.38g/t Au
    KDH437 :    13.00m @ 1.37g/tAu, including 5.0m @ 2.57g/t Au
    KDH439 :       17.00m @ 2.46g/t Au AND 8.0m @ 5.57g/t Au
    KKRC348 :  19.00m @ 1.17g/t Au, including 3.0m @ 4.92g/t Au
    KKRC349 :  8.00m @ 6.71 g/t Au, including 2.0m @ 23.15g/t Au
    KKRC576 :  12.00m @ 2.43g/t Au, including 4.0m @ 6.91g/t Au
    KKRC654 :                 2.00m @ 11.86g/t Au
    KKRC656 :  10.00m @ 6.46g/t Au, including 4.0m @15.63g/t Au
              AND 5.0m @ 5.48g/t Au, including 2.0m @ 13.23g/t Au
    KKRC668 :                 6.00m @ 5.07g/t Au
    KKRC682 : 11.00m @ 3.12g/t Au, , including 6.0m @ 5.35g/t Au

Kevin Bullock, Volta Resources' CEO, said, "The Kiaka South Area is a good complement to our established Kiaka Central deposit.  By combining Kiaka South's higher grade concentrated mineralization with the Central Area's broader diffused mineralization in the first year of production we have the potential to boost the project's economic returns.  We are currently preparing a NI 43-101 compliant resource estimate for the Kiaka South Area."

Results for the holes are highlighted in Table 1 and locations shown in Figure 1. Analyses of the Volta Resources samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories and/or at Actlabs Laboratory, both in Ouagadougou. Volta Resources's sampling and assay procedures included rigorous QA/QC elements that employed the inclusion of certified standards and blanks.

Table 1: Highlights of gold intersections for the reported boreholes

                       TO   INTERVAL
    HOLE ID FROM (m)  (m)     (m)    Au (g/t)             REMARKS
    KDH413    207.00 222.00    15.00     0.87
       INCL   214.00 219.00     5.00     1.27
    KDH414     87.00 102.00    15.00     2.14 97.0-98.0m = 14.6g/t Au
       INCL    87.00  90.00     3.00     1.85
       INCL    92.60 102.00     9.40     2.77
    AND       148.70 150.00     1.30     9.50 148.7-149.35m = 18.40g/t Au
    KDH415    230.00 243.10    13.10     1.87
       INCL   236.00 241.00     5.00     3.85
    KDH416     75.00  79.45     4.45     7.70 77.45-78.45m = 29.5g/t Au
    AND       123.00 128.20     5.20     2.56
    AND       165.00 173.30     8.30     2.52
       INCL   171.60 173.30     1.70     8.99
                                              196.0-197.0m = 13.8g/t Au;
    KDH417    195.00 217.00    22.00     2.20 200.6-201.4m = 17.9g/t Au
       INCL   200.60 204.00     3.40     5.44
       INCL   208.00 213.00     5.00     2.42
    AND       222.00 223.15     1.15     5.50
    KDH418    140.00 152.00    12.00     1.46
       INCL   143.00 152.00     9.00     1.85
    KDH420     54.35  58.30     3.95     1.80
    KDH421      4.50   8.50     4.00     1.22
    AND       123.50 127.00     3.50     2.59
    AND       133.85 152.25    18.40     0.56
    KDH427     20.00  38.00    18.00     1.16
                                              40.0-41.0m = 28.9g/t Au;
    KDH433     35.00  57.15    22.15     3.51 41.0-42.0m = 32.2g/t Au
       INCL    40.00  45.00     5.00    13.38
    KDH437     59.00  60.00     1.00    14.65
    AND       116.00 120.00     4.00     1.44
    AND       169.00 182.00    13.00     1.37
       INCL   170.00 175.00     5.00     2.57
    AND       137.10 139.30     2.20    39.05 137.1-138.2m = 77.5g/t Au
    KDH439     37.15  40.00     2.85     4.88 37.15-38.2m = 9.79g/t Au
    AND        70.00  87.00    17.00     2.46
    AND       132.00 143.60    11.60     0.89
       INCL   132.00 140.10     8.10     1.05
    AND       148.00 156.00     8.00     5.57 150.0-151.0m = 42.4g/t Au
    KDH440      1.85   5.50     3.65     1.50
    AND        45.00  62.70    17.70     0.71
    AND       155.00 168.00    13.00     1.26
       INCL   157.00 162.00     5.00     3.03
    KDH441     68.00  90.20    22.20     1.19 68.0-69.0m = 17.2g/t Au
       INCL    68.00  69.75     1.75    10.69
    AND       119.00 120.00     1.00    15.95
    KDH442     59.00  66.40     7.40     1.95 63.0-64.0m = 10.3g/t Au
       INCL    63.00  65.70     2.70     4.73
    KDH443     64.00  70.00     6.00     1.24
       INCL    66.00  70.00     4.00     1.73
    KDH444     56.00  58.85     2.85     1.59
    KKRC342     4.00  10.00     6.00     1.58 Loss of Core 8.0-9.0m
       INCL     4.00   8.00     4.00     1.88
    KKRC345     9.00  12.00     3.00     2.46
    KKRC348    24.00  43.00    19.00     1.17
       INCL    32.00  35.00     3.00     4.92
    KKRC349    15.00  19.00     4.00     1.48
    AND        29.00  37.00     8.00     6.71 29.0-30.0m = 44.1g/t Au
       INCL    29.00  31.00     2.00    23.15
    KKRC351    40.00  41.00     1.00     6.45
    KKRC497    96.00 100.00     4.00     1.63 ended in mineralization
    KKRC508     1.00   9.00     8.00     1.16
       INCL     1.00   4.00     3.00     2.40
    KKRC509    55.00  58.00     3.00     1.40
    AND        64.00  92.00    28.00     0.85 77.0-78.0m = 10.65g/t Au
       INCL    75.00  78.00     3.00     4.07
    KKRC510    18.00  21.00     3.00     2.07
    AND        27.00  30.00     3.00     1.11
    KKRC511    77.00  88.00    11.00     0.85
    KKRC512     0.00   3.00     3.00     1.23
    AND        64.00  97.00    33.00     1.00
       INCL    64.00  68.00     4.00     5.16
    KKRC529    42.00  44.00     2.00    11.35 43.0-44.0m = 21.9g/t Au
    KKRC545    43.00  44.00     1.00     5.62
    KKRC548    12.00  16.00     4.00     1.43
    KKRC549    37.00  38.00     1.00     5.51
    KKRC561    42.00  43.00     1.00     3.94
    KKRC576    54.00  66.00    12.00     2.43 55.0-56.0m = 18.65g/t Au
       INCL    55.00  59.00     4.00     6.91
    AND        16.00  19.00     3.00     2.28
    AND        25.00  28.00     3.00     3.19
    KKRC652    46.00  54.00     8.00     1.25
       INCL    50.00  53.00     3.00     2.16
    KKRC653    63.00  65.00     2.00     7.36 63.0-64.0m = 14.35g/t Au
    KKRC654     1.00  14.00    13.00     0.92
    AND        12.00  13.00     1.00     6.38
    AND        68.00  70.00     2.00    11.86 68.0-69.0m = 15.35g/t Au
    KKRC656    28.00  38.00    10.00     6.46
                                              34.0-35.0m = 19.35g/t Au;
       INCL    32.00  36.00     4.00    15.63 35.0-36.0m = 40.3g/t Au
                                              52.0-53.0m = 15.15g/t Au;
    AND        49.00  54.00     5.00     5.48 53.0-54.0m = 11.3g/t Au
       INCL    52.00  54.00     2.00    13.23
    AND        71.00  75.00     4.00     3.31 72.0-73.0m = 10.2g/t Au
    KKRC666    28.00  34.00     6.00     1.02
       INCL    30.00  34.00     4.00    1.375
    KKRC668     0.00   6.00     6.00     5.07 3.0-4.0m = 21.0g/t Au
    KKRC669    32.00  34.00     2.00     4.46
    KKRC681    33.00  35.00     2.00     3.32
    KKRC682    25.00  36.00    11.00     3.12 26.0-27.0m = 21.9g/t Au
       INCL    25.00  31.00     6.00     5.35
    AND        66.00  75.00     9.00     0.80 ended in mineralization

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 envelope.
  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 1m in excess of 5g/t Au, 2m in excess of 3g/t Au, 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 then sent to ALS Chemex and/ or Actlabs in Ouagadougou for Fire Assay on a 50g charge.
  9. Certified standards were inserted every 15 samples, field duplicates (in the RC portions) about every 25 and blanks about every 10 samples. The blanks, certified standards and duplicate assays confirm that all assays used to compile the intersections quoted here have passed Volta Resources's rigorous QA/QC checks.

The reported drill holes are part of the on-going Phase 4 program of the Kiaka Gold Project. Phase 4 comprises approximately 60,000m of drilling, targeted to delineate and better define the Kiaka South Area Mineralization.  This program also includes some drilling to test the area comprised between the Kiaka South Area and the Kiaka Central Area.

The balance of the results from the remaining holes drilled will be processed and fed into a gelogical model being developed in order to complete a NI43-101 compliant resource estimation for Kiaka South.  The model is being developed with the assistance of SRK Consulting (Cardiff).

TABLE 2 : Collar coordinates and orientation parameters

    HOLEID  SECTION  UTM_X  UTM_Y  UTM_Z DEPTH (m) DrillType
    KKRC532  3625N  737971 1288350  270    60.00      RC
    KKRC533         737989 1288332  270    60.00      RC
    KKRC534         738006 1288315  270    60.00      RC
    KKRC535         738024 1288297  270    60.00      RC
    KKRC536         738042 1288279  270    60.00      RC
    KKRC537         738059 1288262  270    60.00      RC
    KKRC538         738077 1288244  270    60.00      RC
    KKRC539         738095 1288226  270    60.00      RC
    KKRC540         738112 1288209  270    60.00      RC
    KKRC541         738130 1288191  270    60.00      RC
    KKRC542         738148 1288173  270    60.00      RC
    KKRC543         738183 1288138  270    60.00      RC
    KKRC544         738236 1288085  270    60.00      RC
    KKRC545         738254 1288067  270    60.00      RC
    KKRC546         738272 1288050  270    60.00      RC
    KKRC547         738219 1288103  270    60.00      RC
    KKRC548         738201 1288120  270    60.00      RC
    KKRC550         738166 1288156  270    60.00      RC
    KKRC517  3675N  738006 1288385  270   100.00      RC
    KKRC519         738042 1288350  270    60.00      RC
    KKRC520         738059 1288332  270    60.00      RC
    KKRC521         738077 1288315  270    60.00      RC
    KKRC522         738095 1288297  270    60.00      RC
    KKRC523         738112 1288279  270    60.00      RC
    KKRC524         738130 1288262  270    60.00      RC
    KKRC525         738148 1288244  270    60.00      RC
    KKRC526         738166 1288226  270    60.00      RC
    KKRC528  3700N  738226 1288201  270   100.00      RC
    KKRC530         738286 1288141  270   115.00      RC
    KKRC549         738342 1288085  270   100.00      RC
    KKRC527         738196 1288232  270   100.00      RC
    KKRC529         738257 1288171  270   100.00      RC
    KKRC531         738318 1288110  270   100.00      RC
    KKRC507  3725N  738335 1288127  270   100.00      RC
    KKRC508         738304 1288158  270   115.00      RC
    KKRC509         738243 1288219  270   100.00      RC
    KKRC510         738213 1288249  270   100.00      RC
    KKRC511         738183 1288280  270   100.00      RC
    KKRC512         738274 1288188  270   100.00      RC
    KKRC513         738155 1288308  270   100.00      RC
    KKRC514         738041 1288422  270   100.00      RC
    KKRC515         738098 1288365  270   100.00      RC
    KKRC516         738127 1288336  270   100.00      RC
    KKRC518         738070 1288393  270   100.00      RC
    KKRC506         738361 1288103  270   100.00      RC
    KKRC558  3750N  738377 1288120  270   100.00      RC
    KKRC505         738059 1288439  270   106.00      RC
    KKRC556         738328 1288170  270    90.00      RC
    KKRC557         738353 1288145  270    75.00      RC
    KKRC501         738173 1288326  270   100.00      RC
    KKRC502         738145 1288354  270   100.00      RC
    KKRC503         738117 1288382  270   100.00      RC
    KKRC504         738088 1288411  270   100.00      RC
    KDH429   3775N  738219 1288315  270   175.10      DD
    KKRC559         738346 1288187  270   100.00      RC
    KKRC560         738370 1288163  270   100.00      RC
    KKRC561         738395 1288138  270   100.00      RC
    KKRC497         738191 1288343  270   100.00      RC
    KKRC498         738163 1288371  270   100.00      RC
    KKRC499         738135 1288399  270   100.00      RC
    KKRC500         738106 1288428  270   100.00      RC
    KKRC562  3800N  738362 1288204  270   100.00      RC
    KKRC563         738387 1288179  270   100.00      RC
    KKRC564         738412 1288155  270   100.00      RC
    KKRC565         738440 1288127  270   100.00      RC
    KDH425          738226 1288341  270   205.07      DD
    KKRC620         738088 1288479  270   100.00      RC
    KKRC566  3825N  738381 1288222  270   100.00      RC
    KKRC568         738431 1288172  270   100.00      RC
    KKRC569         738459 1288144  270   100.00      RC
    KDH427  3837.5N 738227 1288394  270   111.00      DD
    KDH432          738210 1288412  270   172.13      DD
    KKRC570  3850N  738378 1288261  270   100.00      RC
    KKRC571         738414 1288225  270   100.00      RC
    KKRC572         738449 1288189  270   100.00      RC
    KKRC621         738102 1288537  270    90.00      RC
    KKRC622         738130 1288509  270    69.00      RC
    KKRC623         738149 1288490  249    50.00      RC
    KKRC624         738166 1288473  270   100.00      RC
    KDH433  3862.5N 738245 1288412  270   120.82      DD
    KDH440  3887.5N 738263 1288430  270   181.00      DD
    KKRC573  3900N  738481 1288227  270   100.00      RC
    KKRC574         738446 1288262  270   100.00      RC
    KKRC575         738411 1288297  270   100.00      RC
    KKRC576         738324 1288384  270   100.00      RC
    KKRC577         738201 1288508  270   100.00      RC
    KKRC578         738165 1288543  270   100.00      RC
    KKRC579         738130 1288579  270   100.00      RC
    KDH439  3912.5N 738280 1288447  270   172.00      DD
    KKRC652         738298 1288430  270   100.00      RC
    KDH437  3937.5N 738280 1288483  270   190.12      DD
    KDH438          738298 1288465  270   180.95      DD
    KKRC653         738316 1288447  270    75.00      RC
    KKRC682         738333 1288430  270    75.00      RC
    KKRC580  3950N  738165 1288616  270   100.00      RC
    KKRC581         738201 1288580  270    97.00      RC
    KKRC582         738236 1288544  270   100.00      RC
    KKRC583         738520 1288262  270   100.00      RC
    KKRC584         738486 1288296  270   100.00      RC
    KKRC585         738450 1288331  270   100.00      RC
    KKRC600         738412 1288367  270   100.00      RC
    KDH441  3962.5N 738298 1288500  270   181.14      DD
    KKRC654         738333 1288465  270    84.00      RC
    KKRC681         738351 1288447  270    75.00      RC
    KDH421   3975   738278 1288537  270   225.70      DD
    KDH442  3987.5N 738316 1288518  270   181.11      DD
    KKRC656         738333 1288500  270    75.00      RC
    KKRC657         738351 1288483  274    75.00      RC
    KKRC680         738369 1288465  270    75.00      RC
    KDH381   4000N  738448 1288403  270   250.30      DD
    KKRC586         738201 1288649  270    95.00      RC
    KKRC587         738236 1288614  270    90.00      RC
    KKRC590         738554 1288297  270   100.00      RC
    KKRC591         738518 1288332  270   100.00      RC
    KKRC592         738483 1288368  270   100.00      RC
    KKRC593         738448 1288403  270   100.00      RC
    KDH443  4012.5N 738333 1288536  270   190.05      DD
    KKRC659         738369 1288501  274    75.00      RC
    KKRC679         738386 1288483  270    75.00      RC
    KDH419   4025N  738254 1288633  270   225.87      DD
    KDH420          738289 1288598  270   120.84      DD
    KDH444  4037.5N 738351 1288553  270   181.08      DD
    KKRC660         738298 1288606  270    75.00      RC
    KDH417   4050N  738235 1288685  270   250.20      DD
    KDH418          738264 1288657  270   202.20      DD
    KKRC589         738260 1288660  270   100.00      RC
    KKRC342         738343 1288580  273   273.01      RC
    KKRC663 4062.5N 738316 1288624  270   100.00      RC
    KDH413   4075N  738235 1288720  270   250.18      DD
    KDH416          738271 1288685  270   202.26      DD
    KKRC347         738396 1288562  275   274.61      RC
    KKRC346         738378 1288580  275   274.58      RC
    KKRC343         738325 1288633  274   274.16      RC
    KKRC345         738360 1288598  274   274.28      RC
    KKRC344         738343 1288616  275    274.5      RC
    KKRC664 4087.5  738298 1288677  270    77.00      RC
    KDH414   4100N  738278 1288713  270   150.95      DD
    KDH415          738243 1288748  270   250.40      DD
    KKRC594         738448 1288545  270   100.00      RC
    KKRC595         738519 1288474  270   100.00      RC
    KKRC596         738554 1288438  270    97.00      RC
    KKRC597         738589 1288403  270   100.00      RC
    KKRC598         738624 1288367  270   100.00      RC
    KKRC599         738483 1288509  270   100.00      RC
    KKRC348         738307 1288686  273   273.46      RC
    KKRC349         738325 1288669  274   273.63      RC
    KKRC352         738414 1288580  275   274.65      RC
    KKRC350         738343 1288651  274    273.9      RC
    KKRC351         738378 1288615  274   273.86      RC
    KKRC665  4125N  738378 1288651  270   100.00      RC
    KKRC666         738448 1288580  270   100.00      RC
    KKRC356         738343 1288686  274    273.5      RC
    KKRC353         738290 1288739  273   272.85      RC
    KKRC354         738307 1288721  273   273.09      RC
    KKRC355         738325 1288704  273   273.34      RC
    KKRC667  4150N  738289 1288774  270   100.00      RC
    KKRC668         738325 1288739  270    78.00      RC
    KKRC669         738360 1288704  270   100.00      RC
    KKRC670         738395 1288668  270   120.00      RC
    KKRC671         738431 1288633  270   100.00      RC
    KKRC672         738466 1288598  270   100.00      RC
    KKRC642  4175N  738378 1288721  270   100.00      RC
    KKRC643         738413 1288686  270   100.00      RC
    KKRC644         738448 1288651  270   100.00      RC
    KKRC645         738484 1288615  270   110.00      RC
    KKRC601  4200N  738391 1288734  270   100.00      RC
    KKRC602         738426 1288699  270   100.00      RC
    KKRC603         738462 1288664  270   100.00      RC
    KKRC604         738497 1288628  270   100.00      RC
    KKRC605         738532 1288593  270   100.00      RC
    KKRC606         738568 1288557  270   100.00      RC
    KKRC607         738603 1288522  270   100.00      RC
    KKRC608         738638 1288487  270   100.00      RC
    KKRC609         738674 1288451  270   100.00      RC

All holes, except KDH381 (oriented N315°E), were oriented N135°E and drilled with an inclination of -55°.

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 Resources. Mr. Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.

Volta Resources has a portfolio of quality gold exploration projects in Burkina Faso and Ghana, both mining-friendly West African jurisdictions with proven world-class gold deposits.  VTR will focus on fast-tracking its flagship Kiaka Gold Project (NI-43-101 compliant resources include 117.42 million tonnes @ 1.07 g/t Au for 4,029,000 ounces in the Measured and Indicated categories and 29.96 million tonnes @ 1.00 g/t Au for 1,000,000 ounces in the Inferred category [Please see VTR press release dated March 21, 2012] including 34.38 million tonnes @ 1.04 g/t Au for 1,145,969 ounces of gold in the Proven category and 91.70 million tonnes @ 0.93 g/t Au for 2,742,353 ounces of gold in the Probable category [Please see VTR press release dated May 3, 2012]) towards a development decision, aiming to complete a Feasibility Study in Q1, 2013. Recent acquisition of properties around Kiaka have provided VTR with an extensive ground position along the highly prospective Markoye Fault Corridor in an important emerging gold province.

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 Resources 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 Resources 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.

Image with caption: "Figure 1: Location and highlights of holes from Table 1 (CNW Group/Volta Resources Inc.)". Image available at: http://40rhel5streamview01.newswire.ca/media/2012/08/29/20120829-619894-17330-afb538ce-c165-458d-ac74-7fd0e3ed1c1f.jpg

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
Tel: +1(416)577-9927

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