Volta Intersects 174.35 m @ 1.01 g/t Gold, Including 7 m @ 2.28 g/t Gold at its Kiaka Gold Project in Burkina Faso
TORONTO, May 31, 2011 /PRNewswire/ --
- Also 137.85 m @ 1.12 g/t Gold -
TORONTO, May 31, 2011 /PRNewswire/ --
Volta Resources Inc. ('Volta' or the 'Company') (TSX: VTR) announces the
drill results from the next completed section 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 for 6 holes located on section 5650N (Figure
1), located 50m north of previous released section 5600N (see News Release of
May 24th 2011). The highlights from current results on this section include:
- KDH216 : 137.85 m @ 1.12 g/t Au, including 16.0 m @ 1.44 g/t Au AND
- KDH216 : 26.20 m @ 1.03 g/t Au, including 8.0 m @ 2.12 g/t Au
- KDH217 : 12.00 m @ 1.94 g/t Au, including 7.0 m @ 3.14 g/t Au
- KDH219 : 174.35 m @ 1.01 g/t Au, including 7.0 m @ 2.28 g/t Au
- KDH220 : 65.00 m @ 1.13 g/t Au, including 12.0 m @ 1.67 g/t Au AND
- KDH220 : 93.00 m @ 1.07 g/t Au, including 11.0 m @ 2.69 g/t Au AND 9.0
m @ 2.83 g/t Au AND
- KDH220 : 31.00 m @ 1.23 g/t Au, including 22.35 m @ 1.45 g/t Au
- KRD222 : 17.00 m @ 2.05 g/t Au,
- KDH223 : 50.00 m @ 1.32 g/t Au
Kevin Bullock, Volta's CEO, said, 'We are encouraged that we have
demonstrated consistent mineralization beyond 400 metres depth - considerably
deeper than our initial goal of 300 metres. Today's results are a portion of
the results to be used in the upcoming NI 43-101 resource update due out at
the end of June.'
Holes KDH216 and KDH219 of section 5650N have extended the deposit down
to a vertical depth exceeding 400m. Hole KDH220 intersected the KMZ
mineralization discontinuously (allowing for a maximum internal dilution of
9m) over a length of 253m, with an average grade of 0.98 g/t Au. The KMZ
spans a width of 200m on section 5650N. Holes KDH223, KRD222, and KDH217 have
intersected mineralization in the Kiaka Hangingwall Zone (KHZ).
Results for the holes are highlighted in Table 1 and 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 for section 5650N
BHID FROM (m) TO (m) INTERVAL (m) Au (g/t) COMMENTS
KDH216 27.00 54.00 27.00 0.87 27.0-28.0m = 12.85g/t Au
AND 159.00 162.00 3.00 1.38
AND 223.00 226.00 3.00 1.03
AND 251.00 388.85 137.85 1.12
INCL. 319.00 335.00 16.00 1.44
INCL. 338.00 388.85 50.85 1.40
AND 398.80 495.00 96.20 1.03 433.5-434.2m = 17.29 g/t Au
INCL. 412.00 416.00 4.00 1.86
INCL. 463.00 471.00 8.00 2.12
INCL. 482.75 488.00 5.25 3.11 487.0-488.0m = 12.25g/t Au
AND 510.85 533.20 22.35 0.81 ENDED IN MINERALIZATION
INCL. 516.00 524.00 8.00 1.63
KDH217 172.00 184.00 12.00 1.94 172.0-173.0m = 16.70g/t Au
INCL 172.00 179.00 7.00 3.14
AND 199.80 207.00 7.20 2.08 204.0-205.0m = 13.70g/t Au
KDH219 7.40 28.00 20.60 0.63
AND 117.00 131.00 14.00 0.58
INCL 117.00 121.00 4.00 1.03
AND 210.00 384.35 174.35 1.01
INCL 251.00 262.00 11.00 1.63
INCL 280.00 316.00 36.00 1.24
INCL 320.00 327.00 7.00 2.28
INCL 330.00 357.10 27.10 1.65
INCL 364.00 384.35 20.35 1.07
AND 444.55 480.00 35.45 0.80
INCL 445.30 462.70 17.40 1.10
KDH220 97.00 162.00 65.00 1.13
INCL 97.00 118.00 21.00 1.29
INCL 121.00 127.00 6.00 1.13
INCL 131.00 134.90 3.90 1.72
INCL 140.00 152.00 12.00 1.67
INCL 157.00 161.40 4.40 1.71
AND 168.65 209.00 40.35 0.91
INCL 170.00 184.00 14.00 1.68
AND 218.00 311.00 93.00 1.07
INCL 261.00 272.00 11.00 2.69 267.0-268.0m = 11.75g/t Au
INCL 277.00 281.00 4.00 1.18
INCL 285.70 290.00 4.30 2.13
INCL 295.00 304.00 9.00 2.83
INCL 308.00 311.00 3.00 1.14
AND 319.00 350.00 31.00 1.23
INCL 319.75 342.10 22.35 1.45
INCL 346.00 350.00 4.00 1.20
KRD222 22.00 25.00 3.00 1.10
AND 69.00 72.30 3.30 1.69
AND 78.00 95.00 17.00 2.05 83.0-84.0m = 19.7g/t Au
KDH223 130.00 180.00 50.00 1.32 179.0-180.0m = 34.3g/t Au
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 envelop,
except for hole KDH219 (210.0-384.35m intercept) where it has been increased
to 6m.
3) In order to highlight the continuity of the high grade zone, a 0.8 g/t
gold cut-off with MID of 2m has been used.
4) No top cut has been applied.
5) The intersections listed represent sections of at least 3m greater
than 1g/t Au and/or 10m greater than.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 sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
9) 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: Collar coordinates and orientation parameters for boreholes on
section 5650N
Hole ID Easting Northing Elevation Depth Dip Azimuth RC DD
(m) (m) (degrees) (degrees) (m) (m)
KDH216 2399 5653 266 533.20 -60.00 315 0.00 533.20
KDH217 2099 5653 270 232.50 -58.00 315 0.00 232.50
KDH219 1999 5654 271 481.10 -60.00 135 0.00 481.10
KDH220 2299 5653 268 352.20 -60.00 315 0.00 352.20
KRD222 1950 5654 273 141.00 -55.00 135 48.00 93.00
KDH223 1899 5654 274 202.10 -55.00 135 0.00 202.10
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.
To view 'Figure 1: Location of holes drilled on section 5650N at Kiaka
Central Area' and 'Figure 2 : Section 5650N', please click
http://files.newswire.ca/407/Volta.doc
%SEDAR: 00026749E
For further information:
For further information, please refer to our website
http://www.voltaresources.com or contact:
Kevin Bullock, P.Eng., or Andreas Curkovic,
President & CEO Investor Relations
Tel: 1-(647)-388-1842 Tel: 1-(416)-577-9927
Fax: 1-(416)-867-2298
Email: kbullock@voltaresources.com
Volta Resources Inc.
.