Volta Resources Intersects 179.9m @ 1.03g/t Gold, Including 30.8m @ 1.68g/t Gold and Extends the KMZ Towards the Northeast
TORONTO, March 31, 2011 /PRNewswire/ --
- TSX: VTR
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 4 holes located on section 5500N, 8 holes located on section 5525N and 22 holes on sections 5850N (14 holes) and 5900N (8 holes). Sections 5500N and 5525N are located in the central part of the deposit (see Figure 1), respectively some 25m and 50m NE of previous released section 5475N (see News Release of 4 March, 2011). The holes on section 5500N were drilled to infill 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. Sections 5850N and 5900N are situated on the northern extension of the main deposit. Holes on these sections were drilled to test the potential extension of the deposit to the north with shallow Reverse Circulation drilling ("RC drilling"). The highlights from these four sections include:
- KDH191 : 129.0m @ 0.96g/t Au, incl. 12.2m @ 2.02g/t Au
AND : 29.8m @ 1.91g/t Au, incl. 16.1m @ 2.37g/t Au
- KDH193 : 25.0m @ 2.04g/t Au
- KRD194 : 82.0m @ 1.04g/t Au, incl. 17.0m @ 1.70g/t Au
- KDH195 : 195.0m @ 0.86g/t Au, incl. 13.3m @ 1.93g/t Au.
- KDH196 : 157.0m @ 0,90g/t Au, incl. 15.0m @ 1.40g/t Au
- KDH197 : 75.1m @ 1.09g/t Au, incl. 32.0m @ 1.80g/t Au.
- KDH198 : 94.0m @ 1.05g/t Au, incl. 7.0m @ 2.27g/t Au
- KRD199 : 105.0m @ 1.13g/t Au, incl. 8.0m @ 3.16g/t Au.
AND : 77.0m @ 1.09g/t Au, incl. 9.0m @ 3.97g/t Au
- KDH200 : 179.9m @ 1.03g/t Au, incl. 30.8m @ 1.68g/t Au.
- KRD202 : 67.0m @ 1.16g/t Au, incl. 9.0m @ 4.18g/t Au
- KKRC56 : 32.0m @ 0.64g/t Au, incl. 5.0m @ 2.09g/t Au.
- KKRC60 : 13.0m @ 1.71g/t Au.
- KKRC63 : 21.0m @ 1.27g/t Au, incl. 6.0m @ 3.15g/t Au.
- KKRC68 : 36.0m @ 0.60g/t Au, incl. 3.0m @ 1.83g/t Au.
Kevin Bullock, Volta's CEO, said, "Our results continue to meet and exceed expectations. The story at Kiaka this year is that we have extended the mineralization wider and deeper which is particularly encouraging for our upcoming resource update."
The holes on sections 5500N and 5525N have extended the Kiaka Main Zone (KMZ) mineralization to over 400m vertical depth and a horizontal width of over 250m. Holes KDH193 and KDH195, drilled on sections 5500N and 5525N respectively, confirm that the KMZ extends further to the northwest than previously interpreted.
Holes on sections 5850N and 5900N show that the KMZ extends further to the northeast. Holes KKRC62 on section 5850N and KKRC66, KKRC67 and KKRC68 on section 5900N show the northeastern extension of one of the parallel mineralized shears which make-up the Hanging Wall Zone (KHZ). Holes KKRC60 and KKRC61 on section 5850N and KKRC63 on section 5900N suggest the presence of a "new" NNE-trending mineralized zone, northeast of the KMZ.
Results for the holes are highlighted in Table 1 and in Figures 2, 3 and 4. 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 5500N, 5525N, 5850N and 5900N
SECTION BHID FROM TO INTERVAL Au g/t COMMENTS/REMARKS
5500N KDH188 30.00 35.00 5.00 10.53 30.0-31.0m : 48.9g/t Au
INCL 30.00 34.00 4.00 12.99
AND 43.00 46.00 3.00 1.93
AND 92.00 99.00 7.00 3.02 98.0-99.0m : 14.75g/t Au
KDH191 9.00 14.10 5.10 3.16 13.0-14.1m : 12.49g/t Au
AND 123.00 144.00 21.00 0.52
INCL. 128.00 131.00 3.00 1.72
AND 152.00 281.00 129.00 0.96
INCL. 152.00 158.00 6.00 1.66
INCL. 178.00 184.00 6.00 1.39
INCL. 196.00 208.20 12.20 2.02
INCL. 242.00 248.00 6.00 1.64
INCL. 259.00 269.00 10.00 1.54
INCL. 273.00 281.00 8.00 2.39
AND 288.00 311.10 23.10 1.23
INCL. 298.00 311.10 13.10 1.99
AND 319.00 322.00 3.00 1.75
AND 345.00 411.50 66.50 0.74
INCL. 347.00 353.00 6.00 1.18
INCL. 370.00 374.00 4.00 1.70
INCL. 387.00 393.00 6.00 1.41
INCL. 401.50 411.50 10.00 1.44
AND 422.90 452.70 29.80 1.91 438.0-440.0m : 17.0g/t Au
INCL. 422.90 439.00 16.10 2.37
INCL. 443.50 452.70 9.20 2.04
AND 471.00 518.95 47.95 0.76 ended in mineralization
INCL. 471.00 474.00 3.00 1.46
INCL. 477.00 486.00 9.00 1.14
INCL. 503.00 512.00 9.00 1.22
KRD192 131.00 156.00 25.00 2.04 148.0-149.0m : 38.2g/t Au
INCL 148.00 152.00 4.00 10.45
AND 173.00 179.65 6.65 1.35
KDH193 161.00 215.00 54.00 0.67
INCL 194.00 197.00 3.00 3.08
AND 237.00 251.00 14.00 0.54
AND 290.00 301.00 11.00 0.99 ended in mineralization
INCL 293.00 299.00 6.00 1.53
5525N KRD194 0.00 53.00 53.00 0.93
INCL 6.00 9.00 3.00 1.40
INCL 39.00 53.00 14.00 2.05
AND 112.00 152.00 40.00 0.94
INCL 114.00 117.00 3.00 1.48
INCL 120.70 124.00 3.30 1.31
INCL 133.00 139.00 6.00 1.23
INCL 144.00 152.00 8.00 1.61
AND 215.00 297.00 82.00 1.04
INCL 220.00 224.00 4.00 1.24
INCL 232.00 236.00 4.00 1.47
INCL 244.00 262.00 18.00 1.59
INCL 267.00 284.00 17.00 1.70
INCL 293.00 297.00 4.00 1.04
AND 306.00 366.00 60.00 0.71
INCL 332.00 336.00 4.00 1.59
INCL 340.10 345.00 4.90 1.22
INCL 361.00 365.00 4.00 1.40
KDH195 17.00 49.00 32.00 0.62
AND 62.20 77.70 15.50 1.27 62.2-63.1m : 12.2g/t Au
AND 101.00 156.00 55.00 0.50
INCL 124.00 127.00 3.00 1.16
INCL 153.00 156.00 3.00 1.79
AND 189.00 212.00 23.00 1.02 211.0-212.0m : 11.3g/t Au
AND 251.00 272.00 21.00 0.90
INCL 256.00 259.00 3.00 2.42
AND 315.00 510.00 195.00 0.86
INCL 348.00 363.00 15.00 1.45
INCL 383.70 397.00 13.30 1.93
INCL 429.00 439.00 10.00 1.31
INCL 451.00 456.00 5.00 1.58
INCL 462.00 466.00 4.00 1.68
KDH196 3.00 160.00 157.00 0.90
INCL 3.00 18.00 15.00 1.40
INCL 25.00 30.00 5.00 1.09
INCL 34.00 39.00 5.00 1.14
INCL 43.00 80.00 37.00 1.25
INCL 88.00 96.00 8.00 1.19
INCL 101.00 126.00 25.00 1.00
INCL 137.00 146.00 9.00 1.07
KDH197 25.00 100.10 75.10 1.09
INCL 25.00 57.00 32.00 1.80
INCL 76.00 79.00 3.00 1.79
AND 128.00 164.00 36.00 0.64
INCL 153.00 158.00 5.00 1.81
KDH198 62.00 72.00 10.00 0.57
AND 136.00 172.00 36.00 0.79
INCL 148.90 153.00 4.10 1.79
INCL 159.00 162.00 3.00 1.24
INCL 169.00 172.00 3.00 3.13
AND 195.00 289.00 94.00 1.05
INCL 201.00 208.00 7.00 2.27
INCL 226.00 229.00 3.00 1.60
INCL 237.00 284.00 47.00 1.29
AND 298.30 316.00 17.70 0.87
INCL 298.30 302.00 3.70 1.68
INCL 306.00 311.00 5.00 1.15
AND 336.00 376.00 40.00 1.02
INCL 336.00 353.00 17.00 1.75
AND 403.00 438.00 35.00 0.60
INCL 419.00 427.00 8.00 1.23
KRD199 12.00 117.00 105.00 1.13 55.0-56.0m : 13.85g/t Au
INCL 12.00 27.00 15.00 1.76
INCL 47.00 50.00 3.00 1.32
INCL 53.00 61.00 8.00 3.16
INCL 67.00 85.60 18.60 1.31
INCL 88.00 91.30 3.30 3.41
INCL 100.00 108.00 8.00 1.18
AND 126.00 203.00 77.00 1.09 128.0-129.0m : 22.8g/t Au
INCL 128.00 137.00 9.00 3.97
INCL 143.00 156.00 13.00 1.10
INCL 162.00 167.00 5.00 1.14
INCL 171.75 177.00 5.25 1.01
INCL 181.00 185.00 4.00 1.01
AND 213.00 225.00 12.00 2.07 213.0-214.0m : 15.05g/t Au
INCL 213.00 222.00 9.00 2.61
AND 233.00 313.00 80.00 0.66
INCL 233.00 237.20 4.20 1.30
INCL 249.00 255.00 6.00 1.11
INCL 267.00 274.00 7.00 1.55
INCL 289.00 295.00 6.00 1.02
INCL 301.00 304.00 3.00 1.34
KDH200 3.10 183.00 179.90 1.03
INCL 6.00 36.80 30.80 1.68
INCL 39.00 44.00 5.00 1.40
INCL 50.00 58.00 8.00 1.46
INCL 63.00 76.00 13.00 1.70
INCL 81.00 85.00 4.00 1.58
INCL 88.00 96.00 8.00 1.02
INCL 99.00 117.00 18.00 1.25
INCL 134.00 137.00 3.00 1.59
INCL 146.00 154.00 8.00 1.09
INCL 171.00 178.00 7.00 1.12
AND 205.00 232.00 27.00 0.55 ended in mineralization
INCL 215.00 218.00 3.00 1.30
KRD202 13.00 24.00 11.00 1.25
AND 32.00 54.00 22.00 0.82
INCL 43.00 50.00 7.00 1.26
AND 104.00 171.00 67.00 1.16
INCL 104.00 112.00 8.00 1.33
INCL 115.00 120.00 5.00 1.05
INCL 155.00 164.00 9.00 4.18 157.0-158.0m : 11.05g/t Au
AND 184.00 219.00 35.00 0.60
INCL 190.00 193.00 3.00 1.03
AND 234.00 291.60 57.60 0.80
INCL 237.00 251.00 14.00 1.29
INCL 277.00 282.00 5.00 1.01
INCL 285.00 291.00 6.00 1.37
AND 301.40 354.00 52.60 0.58
INCL 336.00 345.05 9.05 1.02
INCL 350.30 354.00 3.70 1.44
AND 380.00 393.00 13.00 0.59
5850N KKRC48 NO SIGNIFICANT INTERCEPTS
KKRC49 NO SIGNIFICANT INTERCEPTS
KKRC50 50.00 55.00 5.00 1.89 54,0-55,0m : 8,19g/t Au
KKRC51 NO SIGNIFICANT INTERCEPTS
KKRC52 17.00 31.00 14.00 0.65
INCL 23.00 26.00 3.00 1.10
KKRC53 22.00 34.00 12.00 0.51
KKRC54 76.00 88.00 12.00 0.56
KKRC55 32.00 98.00 66.00 0.53
INCL 80.00 84.00 4.00 1.07
KKRC56 2.00 34.00 32.00 0.64
INCL 7.00 12.00 5.00 2.09
KKRC57 78.00 84.00 6.00 0.87
KKRC58 0.00 10.00 10.00 0.91
INCL 0.00 3.00 3.00 2.38
KKRC59 60.00 64.00 4.00 0.66
AND 82.00 100.00 18.00 0.50 ended in mineralization
INCL 84.00 88.00 4.00 1.04
KKRC60 3.00 16.00 13.00 1.71 15,0-16,0m : 14,4g/t Au
KKRC61 19.00 35.00 16.00 0.83
INCL 25.00 28.00 3.00 2.75
5900N KKRC62 NO SIGNIFICANT INTERCEPT
KKRC63 25.00 46.00 21.00 1.27 34.0-35.0m : 13.3g/t Au
INCL. 30.00 36.00 6.00 3.15
KKRC64 NO SIGNIFICANT INTERCEPT
KKRC65 61.00 66.00 5.00 3.18 65.0-66.0m : 13.9g/t Au
KKRC66 NO SIGNIFICANT INTERCEPT
KKRC67 30.00 43.00 13.00 0.50 ended in mineralization
KKRC68 9.00 45.00 36.00 0.60
INCL. 20.00 23.00 3.00 1.83
INCL. 29.00 34.00 5.00 1.26
AND 87.00 92.00 5.00 1.42
KKRC69 12.00 20.00 8.00 0.71
INCL. 12.00 16.00 4.00 1.21
KKRC70 NO SIGNIFICANT INTERCEPT
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 envelope, except for holes KDH191 (152.0-281.0m and 345.0-411.5m), KRD194 (0-53.0m), KDH196 (3.0-160.0m), KRD199 (12.0-117.0m), KRD202 (104.0-171.0m and 301.4-354.0m) which were carried to a MID of 6m. 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 represent sections drilled by reverse circulation (RC) and/or core 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 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. 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 Sections 5500N, 5525N, 5850N and 5900N.
SECTION Hole Easting Northing Elevation Depth Dip Azimuth RC DD
ID
(m) (m) (deg (deg- (m) (m)
-rees) rees)
5500N KDH188 739314 1289658 271 101,50 -55 135 - 101,50
KDH191 739596 1289375 264 519,00 -60 315 - 519,00
KRD192 739243 1289729 275 201,00 -55 135 30,00 171,00
KDH193 739278 1289693 272 301,00 -60 135 - 301,00
5525N KRD194 739403 1289605 269 396,47 -60 135 30,00 366,47
KDH195 739333 1289677 271 519,80 -60 135 0,00 519,80
KDH196 739509 1289499 267 202,13 -55 315 0,00 202,13
KDH197 739507 1289498 267 175,25 -55 135 0,00 175,25
KDH198 739369 1289640 270 460,00 -60 135 0,00 460,00
KRD199 739437 1289569 269 315,20 -60 135 33,00 282,20
KDH200 739473 1289534 268 232,00 -58 135 0,00 232,00
KRD202 739578 1289427 265 402,30 -60 315 29,65 372,65
5850N KKRC48 739721 1289752 271 76,00 -55 135 76,00 0
KKRC49 739685 1289787 271 55,00 -55 135 55,00 0
KKRC50 739645 1289826 273 61,00 -55 135 61,00 0
KKRC51 739621 1289848 273 64,00 -55 135 64,00 0
KKRC52 739592 1289876 273 73,00 -55 135 73,00 0
KKRC53 739566 1289901 273 61,00 -55 135 61,00 0
KKRC54 739542 1289924 273 100,00 -55 135 100,00 0
KKRC55 739520 1289944 273 100,00 -55 135 100,00 0
KKRC56 739489 1289973 272 100,00 -55 135 100,00 0
KKRC57 739758 1289717 270 100,00 -55 135 100,00 0
KKRC58 739794 1289682 270 61,00 -55 315 61,00 0
KKRC59 739796 1289680 269 100,00 -55 135 100,00 0
KKRC60 739830 1289647 268 58,00 -55 135 58,00 0
KKRC61 739851 1289627 268 100,00 -55 315 100,00 0
5900N KKRC62 739852 1289699 269 35,0 -55 135 35,0 0
KKRC63 739866 1289686 269 64,0 -55 135 64,0 0
KKRC64 739524 1290009 271 70,0 -55 135 70,0 0
KKRC65 739552 1289983 272 82,0 -55 135 82,0 0
KKRC66 739586 1289951 272 61,0 -55 135 61,0 0
KKRC67 739610 1289928 272 43,0 -55 135 43,0 0
KKRC68 739627 1289913 273 100,0 -55 135 100,0 0
KKRC69 739670 1289872 273 81,0 -55 135 81,0 0
KKRC70 739816,092 1289733,597 270,548 100,00 -55 135 100,00 0,00
Figures 1, 2, 3 and 4 can be viewed at http://files.newswire.ca/407/Volta_Kiaka_Project.pdf
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:
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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