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Volta Resources Intersects 55.85m @ 4.29g/t Gold (uncut) at its Kiaka Gold Project in Burkina Faso and Confirms Strike and Depth Extent


News provided by

Volta Resources Inc.

11 Oct, 2012, 15:01 GMT

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TORONTO, Ontario, October 11, 2012 /PRNewswire/ --

- also 128.0 meters at 1.43g/t gold, including 27.0 meters at 2.42g/t gold AND -
47.15 meters at 3.07g/t gold, including 15.0 meters at 8.19g/t gold

Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces additional results from the ongoing 2012 drilling program (Phase 4) on the Central Area at its Kiaka Gold Project in Burkina Faso. The Phase 4 program is focused principally on infill drilling those areas where Inferred category resources occur within the open pit shell defined in the pre-feasibility study ("PFS", see News Release of 3 May 2012). The aim is to enhance a portion of these Inferred Resources to the Indicated category, thereby allowing them to be converted to Mineral Reserves so that they report to ore and not waste. This +30,000m drilling program is also testing the area between the Kiaka Central Area and the Kiaka South Area. Shallow RC drilling has also been undertaken adjacent to identified mineralization to cover the full extent of the proposed PFS pit.

In the Kiaka Central Area, Volta Resources has already defined 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 (see News Release of March 21, 2012). A positive pre-feasibility study has converted 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 May 3, 2012). In addition, Volta Resources has recently announced a maiden NI 43-101 compliant Mineral Resource estimate for the Kiaka South deposit, located some 700m southwest of the Company's Kiaka Central Area. The estimate includes 1.84 million tonnes @ 2.0g/t Au for 118,000 ounces in the Measured and Indicated categories (see News Release of September 27, 2012).

The current press release includes the results from 114 drill holes located in the southern half of the Kiaka Central Area (see Figure 1), between Section 4250N and Section 5600N. These holes, totaling 16,834m of drilling, comprise respectively 25 core holes (9,551m) and 89 reverse circulation holes (7,283m). The results confirm the extension of the gold mineralization at depth and along strike in the Kiaka Central Area. They show that low-grade gold mineralization does extend south of the Kiaka Central Area, where it occurs on both sides of a large unmineralised gabbroic intrusion. Intersection highlights (based on uncut assays) from the current reported holes include:

  • KDH352 :   113.0m @ 0.78g/t Au, including 5.0m @ 1.68g/t Au
  • KDH358 :    14.0m @ 2.08g/t Au
  • KDH359 :    32.6m @ 1.23g/t Au, including 3.25m @ 1.82g/t Au AND
  • KDH359 :   91.10m @ 0.93g/t Au, including 18.0m @ 1.95g/t Au
  • KDH387 :   26.70m @ 1.06g/t Au AND 12.0m @ 2.36g/t Au
  • KDH402 :   12.00m @ 13.84g/t Au
  • KDH404 :   16.00m @ 1.21g/t Au, incluidng 4.0m @ 2.57g/t Au
  • KDH405 :   55.25m @ 4.29g/t Au, including 4.2m @ 43.98g/t Au
  • KDH408 :  128.00m @ 1.43g/t Au, including 27.0m @ 2.42g/t Au AND
  • KDH408 :   47.15m @ 3.07g/t Au, including 15.0m @ 8.19g/t Au
  • KDH411 :   34.35m @ 2.08g/t Au, including 12.25m @ 4.33g/t Au
  • KKRC647 :   8.00m @ 2.60g/t Au, including 4.0m @ 4.68g/t Au

"These drill results show consistency with the previous drilling and we are particularily pleased as they contain several broad intersections with grades exceeding our average resource grade. This is consistent with our goal in this phase of drilling to enhance the attributes of our resource and ultimately of a mine.  We look forward to announcing further results in the near future. We are currently carrying out a Feasibility Study due for completion by the end of the second quarter of 2013," said Kevin Bullock, Volta Resources' President and CEO.

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

                                                  Au
                                        Au    (g/t) with
             FROM       TO   INTERVAL  (g/t)    topcut
    HOLE ID   (m)      (m)     (m)     uncut    (15g/t)                REMARKS
    KDH336   183.00   228.00    45.00    0.91        0.91
       INCL  211.00   219.00     8.00    1.30        1.30
       INCL  222.00   228.00     6.00    1.42        1.42
    AND      234.00   263.50    29.50    0.64        0.64
    KDH352   173.00   286.00   113.00    0.78        0.78
       INCL  174.00   179.00     5.00    1.68        1.68
       INCL  194.00   211.00    17.00    1.17        1.17
       INCL  236.00   247.00    11.00    1.11        1.11
       INCL  251.00   254.00     3.00    1.40        1.40
                                                               121.0-122.0m=11.2g/t Au
    KDH354   115.30   138.00    22.70    1.33        1.33                        
       INCL  116.00   122.00     6.00    3.21        3.21
    AND      195.00   276.20    81.20    0.72        0.72
       INCL  256.10   260.80     4.70    3.34        3.34
       INCL  263.40   269.00     5.60    1.05        1.05
    KDH357   107.40   136.00    28.60    0.51        0.51
                                                             200.0-201.0m= 11.1 g/t Au
    AND      165.00   203.00    38.00    0.99        0.99                    
       INCL  168.00   184.00    16.00    1.14        1.14 
    AND      241.55   253.00    11.45    0.54        0.54
                                                              150.0-151.0m=24.1 g/t Au
    KDH358   150.00   164.00    14.00    2.08        1.43                        
    AND      319.00   377.00    58.00    0.56        0.56
    KDH359    82.00   108.50    26.50    0.53        0.53
                                                              198.0-199.0m=10.25g/t Au
    AND      175.30   207.90    32.60    1.23        1.23                        
       INCL  183.25   186.50     3.25    1.82        1.82
       INCL  197.35   207.00     9.65    2.70        2.70
    AND      267.00   281.60    14.60    0.56        0.56
       INCL  334.40   338.00     3.60    1.30        1.30
    AND      363.00   454.10    91.10    0.93        0.93
       INCL  390.50   398.00     7.50    1.85        1.85
       INCL  401.00   419.00    18.00    1.95        1.95
    AND      466.00   519.00    53.00    0.81        0.81
       INCL  466.00   479.15    13.15    1.27        1.27
       INCL  498.00   506.00     8.00    1.08        1.08
       INCL  510.15   515.10     4.95    1.23        1.23
    AND      559.00   569.50    10.50    0.81        0.81
                                                              174.5-175.25m=13.9g/t Au
    KDH366   170.00   175.25     5.25    2.30        2.30                       
    KDH371    99.00   103.00     4.00    1.30        1.30
    AND      112.00   116.00     4.00    1.63        1.63
    AND      132.00   147.00    15.00    1.00        1.00
       INCL  135.00   139.00     4.00    2.86        2.86
    KDH374   133.00   147.00    14.00    0.87        0.87
       INCL  136.00   142.00     6.00    1.55        1.55
    KDH382   229.00   274.35    45.35    0.53        0.53
    AND      284.25   308.10    23.85    0.54        0.54
                                                             323.0- 324.0m =11.4g/t Au
    AND      318.35   339.00    20.65    1.30        1.30               
       INCL  323.00   327.00     4.00    5.01        5.01
    KDH383   159.00   169.00    10.00    1.20        1.20
       INCL  164.00   169.00     5.00    1.53        1.53
    AND      179.25   216.00    36.75    0.53        0.53
       INCL  195.95   201.00     5.05    1.10        1.10
    AND      246.00   255.03     9.03    0.77        0.77
    KDH386   310.00   330.00    20.00    0.59        0.59
    AND      338.00   378.00    40.00    0.71        0.71
       INCL  354.00   361.00     7.00    1.06        1.06
    AND      422.80   452.00    29.20    0.56        0.56
    KDH387    13.00    25.80    12.80    0.51        0.51
                                                              52.4- 53.0m= 21.6g/t Au
    AND       34.30    61.00    26.70    1.06        0.91                        
       INCL   52.40    56.55     4.15    4.86        4.86
    AND      128.45   133.80     5.35    1.67        1.67
    AND      147.80   162.00    14.20    0.98        0.98
       INCL  154.00   158.00     4.00    2.24        2.24
    AND      311.00   323.00    12.00    2.36        2.36
       INCL  312.00   319.00     7.00    3.77        3.77
                                                            236.0- 237.0m= 163 g/t Au
    KDH402   233.00   245.00    12.00   13.84        1.50                    
    AND      266.00   281.50    15.50    0.62        0.62
    KDH404   408.00   412.00     4.00    1.22        1.22
    AND      433.00   449.00    16.00    1.21        1.21
       INCL  434.00   437.00     3.00    1.87        1.87
       INCL  443.00   447.00     4.00    2.57        2.57
    AND      480.00   496.00    16.00    1.34        1.34
       INCL  480.00   483.00     3.00    3.28        3.28
    AND      528.00   531.80     3.80    1.44        1.44
    AND      542.80   559.15    16.35    0.78        0.78
       INCL  546.00   550.00     4.00    2.30        2.30
    AND      566.40   673.00   106.60    0.62        0.62
       INCL  613.15   623.70    10.55    1.17        1.17
       INCL  643.00   647.00     4.00    1.25        1.25
    KDH405   271.00   277.00     6.00    1.04        1.04
                                                            347.0 -348.0= 26.8g/t Au
    AND      343.00   367.00    24.00    1.74        1.25                        
    AND      418.15   429.00    10.85    1.04        1.04
    AND      467.80   518.00    50.20    1.01        1.01
       INCL  479.00   484.00     5.00    1.22        1.22
       INCL  486.00   499.00    13.00    1.32        1.32
       INCL  506.20   516.50    10.30    1.59        1.59
    AND      534.45   548.00    13.55    0.64        0.64
    AND      556.40   568.10    11.70    0.77        0.77
       INCL  557.50   561.00     3.50    1.25        1.25
                                                           605.0 -606.0m= 181 g/t Au;
                                                                              633.0 -
    AND     595.00    650.25    55.25    4.29        1.29           634.0m=11.7g/t Au
       INCL  602.80   607.00     4.20   43.98        4.46
       INCL  630.10   635.00     4.90    4.87        4.87
                                                           322.0- 323.0m= 19.3 g/t Au
    KDH408   302.50   331.80    29.30    1.16        1.02                    
    AND      372.00   384.00    12.00    1.48        1.48
       INCL  372.00   375.00     3.00    3.04        3.04
                                                          532.0 -533.15m= 12.9 g/t Au
    AND      499.00   627.00   128.00    1.43        1.43                    
       INCL  510.20   528.00    17.80    1.74        1.74
       INCL  532.00   559.00    27.00    2.42        2.42
       INCL  564.20   570.55     6.35    2.82        2.82
       INCL  574.55   588.00    13.45    2.06        2.06
       INCL  598.00   605.60     7.60    1.89        1.89
                                                             641.0-642.0m=21.9g/t Au;
                                                                               643.0-
                                                                  644.0m= 24.3g/t Au,
                                                                               645.0-
                                                                   646.0m=14.1g/t Au;
                                                                               647.0-
    AND      636.85    684    47.15    3.07        2.91             648.0m=25.0g/t Au
       INCL  639.00 654.00    15.00    8.19        7.69
       INCL  663.00 667.00     4.00    1.75        1.75
    KDH410   196.00 201.10     5.10    1.31        1.31
       INCL  196.00 200.00     4.00    1.59        1.59
    AND      265.00 268.00     3.00    1.64        1.64
    AND      284.00 296.00    12.00    1.90        1.90
       INCL  284.00 291.00     7.00    2.40        2.40
    AND      307.00 311.00     4.00    1.61        1.61
       INCL  307.00 310.00     3.00    1.88        1.88
    AND      317.00 329.00    12.00    0.51        0.51
    AND      369.00 396.10    27.10    0.61        0.61
                                                           432.0- 433.0m =15.4g/t Au
    AND      401.00 440.00    39.00    0.88        0.87                 
       INCL  402.00 406.00     4.00    1.12        1.12
    AND      449.00 452.00     3.00    1.52        1.52
    AND      479.00 500.00    21.00    1.11        1.11
       INCL  481.00 487.00     6.00    2.50        2.50
                                                           118.0- 119.0m= 23.1g/t Au
    KDH411   118.00 121.00     3.00    8.12        5.42                  
    AND      379.50 410.00    30.50    0.69        0.69
       INCL  393.25 396.80     3.55    1.20        1.20
    AND      424.10 441.20    17.10    0.63        0.63
                                                          559.0- 560.0m= 27.8g/t Au;
                                                                              563.0-
    AND      546.45 580.80    34.35    2.08        1.70           564.0m=14.9 g/t Au
       INCL  555.00 567.25    12.25    4.33        3.28
    AND      627.00 657.55    30.55    0.91        0.91
       INCL  638.40 657.55    19.15    1.15        1.15
    KDH412   346.00 350.00     4.00    1.09        1.09
    AND      371.00 374.00     3.00    1.07        1.07
    AND      413.00 443.00    30.00    0.56        0.56
    AND      477.00 480.00     3.00    1.03        1.03
    KKRC456   42.00  67.00    25.00    0.53        0.53
    KKRC614   11.00  42.00    31.00    0.58        0.58
    KKRC647   23.00  31.00     8.00    2.60        2.60
       INCL   24.00  28.00     4.00    4.68        4.68
    KKRC675  100.00 117.00    17.00    0.57        0.57

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. Average gold grades (g/t) are presented with and without topcut applied in separate columns. The values with topcut have applied a grade capping of 15g/t Au.
  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 core 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.

As part of an additional check, the high-grade mineralized samples (638.0m-654.0m) from hole KDH408 were re-assayed by bottle roll cyanide leach procedures at ALS Chemex in Ouagadougou. The re-assays, carried out on duplicate samples stored at Volta Resources's Kiaka premises, returned similar results for the high-grade intervals (>5g/t Au).

TABLE 2 : Collar Coordinates and Orientation Parameters

    SECTION HOLEID     UTM_X  UTM_Y   UTM_Z  DEPTH(m) DrillType  DIP  AZIMUTH
     4225N  KKRC646  738413  1288757  270.0   100.00     RC      -55    135
            KKRC647  738448  1288721  270.0   100.00     RC      -55    135
            KKRC648  738484  1288686  270.0   100.00     RC      -55    135
            KKRC649  738519  1288651  270.0   100.00     RC      -55    135
     4250N  KKRC673  738360  1288845  270.0    75.00     RC      -55    135
            KKRC674  738395  1288810  270.0    96.00     RC      -55    135
            KKRC675  738431  1288774  270.0   130.00     RC      -55    135
            KKRC676  738466  1288739  270.0   103.00     RC      -55    135
            KKRC677  738501  1288704  270.0   100.00     RC      -55    135
            KKRC678  738537  1288668  270.0   105.00     RC      -55    135
     4400N  KKRC610  738496  1288910  270.0   100.00     RC      -55    135
            KKRC611  738531  1288875  270.0   100.00     RC      -55    135
            KKRC612  738567  1288839  270.0   100.00     RC      -55    135
            KKRC614  738637  1288768  270.0   100.00     RC      -55    135
            KKRC615  738673  1288733  270.0   100.00     RC      -55    135
            KKRC616  738708  1288698  270.0   100.00     RC      -55    135
            KKRC617  738743  1288662  270.0   100.00     RC      -50    135
            KKRC618  738779  1288627  270.0   100.00     RC      -55    135
            KKRC619  738814  1288592  270.0   100.00     RC      -55    135
     4550N  KDH366   738678  1288951  270.0   226.00     DD      -55    135
     4600N  KDH368   738731  1288969  270.0   142.17     DD      -55    135
            KDH370   738830  1288870  270.0   130.10     DD      -55    135
     4625N  KDH376   738802  1288933  270.0   127.13     DD      -55    135
            KDH374   738838  1288898  269.8   151.00     DD      -55    135
     4650N  KDH371   738762  1289006  267.8   202.04     DD      -55    135
            KDH378   738848  1288923  270.0   202.25     DD      -57    135
     4750N  KDH380   738913  1288996  267.5   226.00     DD      -57    135
     4975N  KDH357   739190  1289038  270.0   300.95     DD      -60    315
            KDH382   739233  1288997  270.0   400.55     DD      -60    315
     5000N  KKRC481  738752  1289513  272.5    75.00     RC      -55    135
            KDH352   739226  1289039  265.2   361.08     DD      -58    315
            KKRC482  738819  1289446  271.5    75.00     RC      -55    135
            KKRC483  738854  1289410  271.1    75.00     RC      -55    135
            KDH386   739279  1288986  270.0   500.43     DD      -60    315
            KDH412   738961  1289305  270.0   502.08     DD      -60    135
            KKRC628  738890  1289375  270.0    75.00     RC      -55    135
            KKRC629  738926  1289340  270.0    75.00     RC      -55    135
            KKRC630  739173  1289092  270.0    75.00     RC      -55    135
            KKRC631  739208  1289057  270.0    75.00     RC      -55    135
            KKRC632  739244  1289022  270.0    75.00     RC      -55    135
            KKRC633  739279  1288986  270.0    75.00     RC      -55    135
     5050N  KDH336   739244  1289092  266.0   376.42     DD      -60    315
            KDH358   739025  1289312  269.0   471.70     DD      -60    135
            KKRC625  739315  1289022  270.0   100.00     RC      -55    135
            KKRC626  739350  1288986  270.0    69.00     RC      -55    135
            KKRC627  739372  1288965  266.3    60.00     RC      -55    135
     5100N  KKRC469  738853  1289545  273.0    75.00     RC      -55    135
            KKRC470  738888  1289511  272.6    75.00     RC      -55    135
            KKRC471  738924  1289476  271.9    75.00     RC      -55    135
            KKRC472  738959  1289441  271.5    75.00     RC      -55    135
            KKRC473  738996  1289406  271.0    75.00     RC      -55    135
            KDH354   739279  1289128  270.0   400.07     DD      -60    315
            KDH410   739315  1289092  270.0   501.93     DD      -60    315
            KKRC475  739281  1289127  266.0    72.00     RC      -55    135
            KKRC474  739245  1289162  266.1    75.00     RC      -55    135
            KKRC477  739351  1289057  264.0    75.00     RC      -55    135
            KKRC476  739316  1289092  265.1    75.00     RC      -55    135
            KKRC478  739386  1289022  264.8    66.00     RC      -55    135
            KKRC479  739422  1288987  265.2    75.00     RC      -55    135
     5150N  KKRC638  739421  1289057  270.0    72.00     RC      -55    135
     5200N  KKRC461  738928  1289618  273.8    75.00     RC      -55    135
            KKRC462  738963  1289583  273.4    75.00     RC      -55    135
            KKRC463  738999  1289548  272.5    75.00     RC      -55    135
            KKRC464  739034  1289512  272.2    75.00     RC      -55    135
            KKRC468  739387  1289163  264.7    75.00     RC      -55    135
            KKRC480  739495  1289059  264.7    75.00     RC      -55    135
            KKRC466  739423  1289131  263.9    75.00     RC      -55    135
            KKRC465  739353  1289201  265.1    75.00     RC      -55    135
            KKRC467  739459  1289095  264.3    75.00     RC      -55    135
     5250N  KKRC637  739491  1289128  270.0   100.00     RC      -55    135
     5300N  KDH408   739067  1289623  270.0   700.03     DD      -60    135
            KKRC456  739421  1289268  264.7    75.00     RC      -55    135
            KKRC457  739457  1289233  264.2    75.00     RC      -55    135
            KKRC460  739563  1289127  265.7    75.00     RC      -55    135
            KKRC459  739493  1289197  262.8    75.00     RC      -55    135
            KKRC458  739528  1289163  263.6    75.00     RC      -58    135
            KKRC455  738984  1289716  275.0    75.00     RC      -55    135
     5350N  KDH359   739173  1289587  270.0   602.15     DD      -55    135
            KKRC634  739527  1289234  270.0    78.00     RC      -55    135
            KKRC635  739562  1289199  270.0    98.00     RC      -55    135
            KKRC636  739597  1289163  270.0    90.00     RC      -55    135
     5400N  KKRC451  739527  1289304  264.6    75.00     RC      -55    135
            KDH411   739102  1289729  270.0   668.64     DD      -62    135
            KKRC551  739668  1289163  270.0    75.00     RC      -55    135
            KKRC452  739563  1289269  263.2    75.00     RC      -55    135
            KKRC453  739588  1289245  262.7   105.00     RC      -55    135
            KKRC454  739635  1289199  263.5    75.00     RC      -55    135
            KKRC450  739107  1289735  277.6    75.00     RC      -55    135
            KKRC449  739073  1289773  277.9    75.00     RC      -55    135
            KKRC448  739039  1289810  276.5    75.00     RC      -55    135
            KKRC447  739006  1289846  277.5    75.00     RC      -55    135
     5450N  KKRC696  739633  1289269  270.0    93.00     RC      -55    135
     5500N  KKRC446  739699  1289266  261.9    75.00     RC      -55    135
            KKRC445  739665  1289303  262.4    75.00     RC      -55    135
            KKRC444  739631  1289339  263.8    75.00     RC      -55    135
            KKRC443  739597  1289374  264.3    75.00     RC      -55    135
            KKRC438  739067  1289905  276.4    75.00     RC      -55    135
            KKRC440  739137  1289834  277.2    75.00     RC      -55    135
            KKRC441  739172  1289799  276.3    75.00     RC      -55    135
            KKRC439  739102  1289870  276.6    75.00     RC      -55    135
            KKRC442  739208  1289763  276.1    75.00     RC      -55    135
            KDH404   739173  1289800  270.0   692.75     DD      -62    135
     5550N  KDH383   739279  1289764  270.0   256.08     DD      -58    135
            KDH387   739456  1289587  270.0   325.35     DD      -60    315
            KKRC661  739703  1289340  270.0    96.00     RC      -55    135
     5600N  KDH402   739244  1289870  270.0   434.11     DD      -60    135
            KDH405   739739  1289375  270.0   650.25     DD      -60    315
            KKRC431  739208  1289906  270.0    75.00     RC      -55    135
            KKRC432  739244  1289870  270.0    75.00     RC      -55    135
            KKRC433  739279  1289835  270.0    75.00     RC      -55    135
            KKRC434  739668  1289446  270.0    75.00     RC      -55    135
            KKRC435  739703  1289411  270.0    75.00     RC      -55    135
            KKRC436  739739  1289375  270.0    75.00     RC      -55    135
            KKRC437  739774  1289340  270.0    75.00     RC      -55    135

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.

About Volta Resources:

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 - Kiaka Project Central Area (CNW Group/Volta Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20121011_C6020_PHOTO_EN_19121.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
e-mail: kbullock@Voltaresources.com

or       

Andreas Curkovic, Investor Relations
Tel: +1(416)577-9927 

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