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Volta Resources Inc. to Drill 50,000 Meters at the Kiaka Gold Project, Burkina Faso

22.09.2010  |  CNW
TORONTO, Sept. 22 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) today announced that it has planned a 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 Figure 1). Approximately 40% of the program is scheduled to be completed by the end of this year. The program is scheduled to commence this weekend.

Volta recently announced a maiden NI43-101 compliant resource at its flagship Kiaka Gold Project. The resource estimate compiled by independent consultants, SRK (UK) based in Cardiff, United Kingdom, included Indicated Resources of 41.25 Mt at 1.04g/t for 1,384,000 ounces of gold and Inferred Resources of 15.9 Mt at 0.90g/t for 480,000 ounces of gold. The resource is contained within a Whittle optimized open pit, at a 0.6 g/t gold cut-off (see press release dated June 29, 2010), extending to approximately 200 meters below surface.

The drilling program is aimed at achieving the following objectives (see Figure 2):

- Infill the core of the main deposit defined so far in the Central Area to 25m x 50m drill spacing in order to raise the category of most of the Indicated to Measured Resources and Inferred to Indicated Resources.

- Extend the drilling depth of the main area of the deposit in the Central Area so that the interval between 200 meters and 300 meters below surface delivers Inferred Resources.

- Extend and infill the drilling north of the main deposit by approximately 450 meters on 50m x 50m drill spacing in an attempt to add additional Indicated and Inferred Resources.

- Additional drilling to the northwest of the main deposit in the Central Area in order to follow up recent good intersections achieved in the KHZ zone. This drilling will also attempt to add Indicated and Inferred Resources.

- Extend and infill the drilling south of the main deposit by approximately 400 meters on 50m x 50m drill spacing in an attempt to add additional Indicated and Inferred Resources.

See http://files.newswire.ca/407/Volta_Kiaka_Sept22.doc for maps of the Kiaka Gold Project.

Kevin Bullock, Volta's CEO, said, "After our very successful first year developing Kiaka, we continue to proceed aggressively to further expand the scope of the project. We will be drilling deeper than before and increasing the overall territory that has been drilled. Our goal is to increase the existing resource and then evaluate the best production path scenarios.

The Company is also finalizing plans for follow up drilling on the Contact Zone in the South Area. A program to pursue other targets on the 244 km(2) Kiaka property is also being finalized and would likely commence toward the end of 2010.

Under the guidelines of National Instrument 43-101, the qualified person for the Kiaka Gold Project is Mr. Guy Franceschi, Vice President, Exploration for Volta. Mr. Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.

Volta is a mineral exploration company primarily focused on becoming a leader in the identification, acquisition and exploration of gold properties in West Africa. The Company is currently fast-tracking its flagship Kiaka Gold Project, located in Burkina Faso, towards a development decision.



Forward Looking Information Caution:

This press release presents "forward-looking statements" within the meaning of Canadian securities legislation that involve inherent risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Volta to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to international operations, risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Volta believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Volta Resources does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.


%SEDAR: 00026749E



For further information:

please refer to our website www.voltaresources.com or contact:

Kevin Bullock, P.Eng., President & CEO
Tel: (647) 388-1842
Fax: (416) 867-2298
Email: kbullock@voltaresources.com
or
Andreas Curkovic, Investor Relations
(416) 577-9927
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