TORONTO, April 14, 2010 /PRNewswire/ -- Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section at its Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. To date, 88 holes (~13,810meters) have been completed of a program comprising more than 150 holes ((greater than)22,000 meters). So far results have been received for 67 holes, with this news release covering the latest 6 holes, which are all located on Section 5450N. Randgold hole KDH16 is also located on this section. The highlights from this section include:
- KKRC30 : 93.00m (at) 0.70g/t Au, including 4.0m (at) 3.89g/t Au - KRD50 : 34.00m (at) 1.56g/t Au AND - KRD50 : 10.72m (at) 1.60g/t Au (hole stopped in mineralization) - KRD51 : 62.24m (at) 2.25g/t Au, including 9m (at) 3.67g/t Au and 19m (at) 4.62g/t Au - KRD52 : 120.50m (at) 0.94g/t Au, including 14m (at) 2.22g/t Au and 8m (at) 2.28g/t Au - KDH16(x) : 159.00m (at) 0.87g/t Au, including 11m (at) 1.60g/t Au and 32m (at) 1.57g/t Au AND - KDH16(x) : 22.00m (at) 0.92g/t Au, including 14m (at) 1.21g/t Au (x) Previously drilled by Randgold
Kevin Bullock, Volta's CEO, said, "These additional exceptional results not only further validate Randgold's historical results, they also further support our emerging new model of Kiaka that is outlining a new understanding of the mineralization. In particular, we continue to enhance the interpretation of discrete higher grade zones within the broad mineralized lower grade envelope that can be traced from hole to hole and from section to section. Kiaka is an ideal project in that as we drill more we are discovering more nuances that suggest more robust structures than those originally interpreted."
In order to appreciate the extent and geometry of the mineralization on the 5450N section, the results for the intersections for these holes are highlighted in Table 1 below and on the section 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 from Section 5450N ------------------------------------------------------------------------- Hole ID From To Interval Grade Comment m m m g/t Au ------------------------------------------------------------------------- KKRC28 13.00 16.00 3.00 1.05 Volta ------------------------------------------------------------------------- KKRC29 16.00 31.00 15.00 0.52 Volta ------------------------------------------------------------------------- KKRC30 0.00 93.00 93.00 0.70 Volta ------------------------------------------------------------------------- Including 19.00 25.00 6.00 1.38 ------------------------------------------------------------------------- Including 36.00 40.00 4.00 3.89 ------------------------------------------------------------------------- Including 47.00 62.00 15.00 0.98 ------------------------------------------------------------------------- AND 101.00 104.00 3.00 1.42 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD50 42.00 52.00 10.00 1.26 Volta ------------------------------------------------------------------------- Including 44.00 51.00 7.00 1.52 ------------------------------------------------------------------------- AND 93.00 101.00 8.00 0.90 ------------------------------------------------------------------------- Including 98.00 101.00 3.00 2.01 ------------------------------------------------------------------------- AND 123.00 157.00 34.00 1.56 ------------------------------------------------------------------------- Including 123.00 142.00 19.00 1.76 ------------------------------------------------------------------------- Including 145.00 153.00 8.00 1.96 ------------------------------------------------------------------------- AND 184.00 195.00 11.00 0.51 ------------------------------------------------------------------------- AND 212.00 229.00 17.00 0.99 ------------------------------------------------------------------------- Including 222.00 227.00 5.00 2.74 ------------------------------------------------------------------------- AND 241.00 251.72 10.72 1.60 Stopped in mineralisation ------------------------------------------------------------------------- Including 246.00 251.00 5.00 2.84 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD51 2.00 19.00 17.00 0.55 Volta ------------------------------------------------------------------------- AND 31.00 88.30 57.30 0.61 ------------------------------------------------------------------------- Including 54.00 60.00 6.00 1.68 ------------------------------------------------------------------------- AND 97.90 160.14 62.24 2.25 Stopped in mineralisation ------------------------------------------------------------------------- Including 100.00 108.00 8.00 0.95 ------------------------------------------------------------------------- Including 111.00 120.00 9.00 3.67 ------------------------------------------------------------------------- Including 125.00 144.00 19.00 4.62 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD52 2.00 122.50 120.50 0.94 Volta ------------------------------------------------------------------------- Including 44.00 58.00 14.00 2.22 ------------------------------------------------------------------------- Including 67.70 76.80 9.10 1.42 ------------------------------------------------------------------------- Including 81.00 84.00 3.00 1.51 ------------------------------------------------------------------------- Including 101.00 109.00 8.00 2.28 ------------------------------------------------------------------------- Including 115.50 122.50 7.00 1.87 ------------------------------------------------------------------------- AND 128.80 165.00 36.20 0.58 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KDH16 83.00 126.00 43.00 0.73 Randgold ------------------------------------------------------------------------- Including 84.00 89.00 5.00 1.13 (previously drilled) ------------------------------------------------------------------------- Including 121.00 126.00 5.00 1.18 ------------------------------------------------------------------------- AND 137.00 296.00 159.00 0.87 ------------------------------------------------------------------------- Including 142.00 146.00 4.00 1.35 ------------------------------------------------------------------------- Including 149.00 160.00 11.00 1.60 ------------------------------------------------------------------------- Including 164.00 168.00 4.00 3.02 ------------------------------------------------------------------------- Including 208.00 240.00 32.00 1.57 ------------------------------------------------------------------------- Including 243.00 255.00 12.00 1.10 ------------------------------------------------------------------------- AND 311.00 326.00 15.00 0.84 ------------------------------------------------------------------------- Including 313.00 321.00 8.00 1.22 ------------------------------------------------------------------------- AND 336.00 358.00 22.00 0.92 ------------------------------------------------------------------------- Including 343.00 357.00 14.00 1.21 ------------------------------------------------------------------------- AND 373.00 376.00 3.00 2.78 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NOTES: 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 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. 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 also 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 1-m 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 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. 9) The assay results of the hole KDH16 are assays produced by Randgold. Randgold sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks. Volta is currently repeating these assays.
Section 5450N is 50 meters south of Section 5550N, the results for which were released in March 2010.The results for all the holes on Section 5550N (100 meters to the north of the current section) have been received by Volta and are currently being processed. Consequently, another press release will follow shortly to present these results.
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the (greater than)700m long KHZ zone. The program will infill and extend drilling on the Central Area such that the KMZ zone is drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to 200m depth.
Due to new geophysical Information, the company has decided that it would be better to drill a series of long cross sections across the South Area instead of infill drilling. This will mean that the South Area will not contribute to Volta's NI43-101 resource estimate scheduled for the end of June 2010.
The drill program has been optimized with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered before the end of June 2010.
TABLE 2: Borehole collar coordinates and orientation parameters. ------------------------------------------------------------------------- Hole Section Easting Northing Azi- ID Eleva- Total Dip muth RC DD tion depth (deg- deg- (m) (m) (m) (m) rees) rees) ------------------------------------------------------------------------- KKRC28 5450N 739262 1289642 271,57 80 -56 135 80 0 ------------------------------------------------------------------------- KKRC29 5450N 739319 1289589 270,25 90 -55 135 90 0 ------------------------------------------------------------------------- KKRC30 5450N 739495 1289413 266,35 105 -55 135 105 0 ------------------------------------------------------------------------- KRD50 5450N 739458 1289448 267,2 251,72 -57 315 90 161,72 ------------------------------------------------------------------------- KRD51 5450N 739423 1289483 268,09 160,14 -55 135 78 82,14 ------------------------------------------------------------------------- KRD52 5450N 739457 1289448 267,29 175,05 -55 135 65 110,05 ------------------------------------------------------------------------- RANDGOLD HOLES ------------------------------------------------------------------------- KDH16 5450N 739317 1289561 270,13 424 -45 125 0 424 -------------------------------------------------------------------------
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 committed to West African exploration and is Canadian-based with its head office in Toronto, Ontario and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso.For further information, please refer to our website http://www.voltaresources.com or contact:
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 and Figure 2 of the Kiaka Gold Project, please visit: http://files.newswire.ca/407/Volta_Figures_April14.pdf
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
Volta Resources Inc.
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
