Volta extends gold mineralization at its Nassara gold prospect in southwestern Burkina Faso
-Intersections of 16.0 meters @ 3.12g/t gold and 23.0 meters @ 2.04 g/t gold-
TSX: VTR
TORONTO, Oct. 20, 2011 /CNW/ - Volta Resources Inc. ('Volta' or the 'Company')
announces the results from the third phase of its drilling program at the Nassara prospect, on its 100% owned Danyoro permit, in southwestern Burkina Faso, West Africa.
The reported drill results, comprising 44 drill holes (7,334 metres), represent the first part of a 15,000 meter drilling program which aims at systematically testing three wider and higher grade sections along the 2.2km of strike identified so far along the Nassara Main Zone (Nassara MZ) as well as extending the drilling depth to 150 vertical metres. In addition, scout drilling is being undertaken along strike on the recently identified northern (3.5km) and southern (2km) extensions of the Nassara MZ (see News Release of June 8th, 2011) as well as along a series of parallel shear structures, including Nassara SW (see News Release of September 14th 2011).
The highlights from the drilling program include (see Figure #1):
-- NRC34 : 14.00m @ 0.95g/t Au, including 4.0m @ 2.31g/t Au
-- NRC37 : 8.00m @ 2.49g/t Au
-- NRC47 : 9.00m @ 2.66g/t Au
-- S08N : 14.00m @ 0.91g/t Au, including 3.0m @ 1.33g/t Au
-- S10N : 23.00m @ 2.04g/t Au
-- S20N : 5.94m @ 2.01g/t Au AND
15.00m @ 1.09g/t Au, including 3.0m @ 4.35g/t Au.
-- S24N : 15.00m @ 1.44g/t Au
-- S26N : 5.40m @ 2.04g/t Au
-- S28N : 4.00m @ 2.50g/t Au
-- S32N : 16.00m @ 3.12g/t Au, including 9.0m @ 4.97g/t Au.
Kevin Bullock, Volta's CEO, said,' Not only are these results notable in themselves they have provided us with clear evidence of favourable mineralization that we will be pursuing in our continuing drilling.'
The holes were drilled to lengths of up to 270 meters, all inclined at -60° to the north-east. In all, 7,315 regular drill samples and 995 control samples (standards, duplicates and blanks) were submitted to the BIGS laboratory in Ouagadougou, Burkina Faso. Volta's sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.
Table 1: Main Gold Intersections
________________________________________________________________
| | | TO |INTERVAL| Au | |
|HOLE ID|FROM (m)| (m) | (m) |(g/t)| COMMENTS |
|_______|________|______|________|_____|_________________________|
|NRC34 | 21.00| 24.00| 3.00| 0.67| |
|_______|________|______|________|_____|_________________________|
|AND | 124.00|138.00| 14.00| 0.95| |
|_______|________|______|________|_____|_________________________|
| incl.| 124.00|128.00| 4.00| 2.31| |
|_______|________|______|________|_____|_________________________|
| | | | 8.00| 2.49|Ended in mineralization; |
|NRC37 | 119.00|127.00| | |123.0-125.0m = core loss |
|_______|________|______|________|_____|_________________________|
|NRC38 | 61.00| 63.00| 2.00| 1.00| |
|_______|________|______|________|_____|_________________________|
|NRC39 | 25.00| 43.00| 18.00| 0.75| |
|_______|________|______|________|_____|_________________________|
| incl.| 25.00| 30.00| 5.00| 1.64| |
|_______|________|______|________|_____|_________________________|
|NRC40 | 6.00| 21.00| 15.00| 0.49| |
|_______|________|______|________|_____|_________________________|
| incl.| 7.00| 10.00| 3.00| 0.96| |
|_______|________|______|________|_____|_________________________|
|AND | 67.00| 71.00| 4.00| 0.94| |
|_______|________|______|________|_____|_________________________|
|NRC42 | 80.00| 83.00| 3.00| 0.90| |
|_______|________|______|________|_____|_________________________|
| | | | 3.00| 5.29|98.0-99.0m = 11.81g/t Au.|
|NRC45 | 97.00|100.00| | |Ended in mineralization |
|_______|________|______|________|_____|_________________________|
|NRC46 | 118.00|122.00| 4.00| 2.91| |
|_______|________|______|________|_____|_________________________|
|AND | 139.00|144.00| 5.00| 0.56| |
|_______|________|______|________|_____|_________________________|
|NRC47 | 85.00| 94.00| 9.00| 2.66| |
|_______|________|______|________|_____|_________________________|
|S07N | 57.00| 62.00| 5.00| 1.95| |
|_______|________|______|________|_____|_________________________|
|S08N | 11.00| 25.00| 14.00| 0.91| |
|_______|________|______|________|_____|_________________________|
| incl.| 14.00| 17.00| 3.00| 1.33| |
|_______|________|______|________|_____|_________________________|
| incl.| 21.00| 25.00| 4.00| 1.15| |
|_______|________|______|________|_____|_________________________|
|S09N | 114.00|117.00| 3.00| 0.56| |
|_______|________|______|________|_____|_________________________|
|AND | 136.00|146.50| 10.50| 0.87| |
|_______|________|______|________|_____|_________________________|
|S10N | 3.00| 26.00| 23.00| 2.04|3.0-4.0m = 36.19g/t Au |
|_______|________|______|________|_____|_________________________|
|S11N | 74.60| 77.80| 3.20| 0.53| |
|_______|________|______|________|_____|_________________________|
|S12N | 115.30|120.30| 5.00| 1.74| |
|_______|________|______|________|_____|_________________________|
|S13N | 113.00|116.00| 3.00| 1.64| |
|_______|________|______|________|_____|_________________________|
|S14N | 8.00| 19.00| 11.00| 0.97| |
|_______|________|______|________|_____|_________________________|
| incl.| 9.00| 12.00| 3.00| 1.82| |
|_______|________|______|________|_____|_________________________|
| | | | | | |
|_______|________|______|________|_____|_________________________|
|S17N | 142.00|152.00| 10.00| 0.91| |
|_______|________|______|________|_____|_________________________|
| incl.| 142.00|145.00| 3.00| 2.63| |
|_______|________|______|________|_____|_________________________|
|S19N | 72.20| 75.00| 2.80| 1.61| |
|_______|________|______|________|_____|_________________________|
|AND | 176.00|188.80| 12.80| 0.53| |
|_______|________|______|________|_____|_________________________|
|S20N | 51.00| 56.94| 5.94| 2.01|51.0-52.0m = 10.53g/t Au |
|_______|________|______|________|_____|_________________________|
|AND | 164.00|179.00| 15.00| 1.09| |
|_______|________|______|________|_____|_________________________|
| incl.| 164.00|167.00| 3.00| 4.35| |
|_______|________|______|________|_____|_________________________|
|S21N | 60.00| 63.00| 3.00| 0.54| |
|_______|________|______|________|_____|_________________________|
|S22N | 41.00| 45.00| 4.00| 0.63| |
|_______|________|______|________|_____|_________________________|
|AND | 63.00| 78.30| 15.30| 0.99| |
|_______|________|______|________|_____|_________________________|
| incl.| 73.90| 78.30| 4.40| 1.83| |
|_______|________|______|________|_____|_________________________|
|AND | 171.00|176.50| 5.50| 0.53| |
|_______|________|______|________|_____|_________________________|
|S23N | 49.00| 54.00| 5.00| 0.61| |
|_______|________|______|________|_____|_________________________|
|AND | 94.82| 97.30| 2.48| 0.69| |
|_______|________|______|________|_____|_________________________|
|AND | 172.00|175.00| 3.00| 3.92| |
|_______|________|______|________|_____|_________________________|
|S24N | 100.00|108.00| 8.00| 0.59| |
|_______|________|______|________|_____|_________________________|
|AND | 153.00|168.00| 15.00| 1.44| |
|_______|________|______|________|_____|_________________________|
| incl.| 159.50|168.00| 8.50| 1.43| |
|_______|________|______|________|_____|_________________________|
|S25N | | | | | |
|_______|________|______|________|_____|_________________________|
|AND | 182.00|184.14| 2.14| 1.13| |
|_______|________|______|________|_____|_________________________|
|AND | 198.00|204.00| 6.00| 1.41| |
|_______|________|______|________|_____|_________________________|
|S26N | 114.00|119.40| 5.40| 2.04| |
|_______|________|______|________|_____|_________________________|
|AND | 153.00|158.00| 5.00| 0.66| |
|_______|________|______|________|_____|_________________________|
|AND | 166.00|168.00| 2.00| 1.86| |
|_______|________|______|________|_____|_________________________|
|S27N | 117.00|124.00| 7.00| 0.82| |
|_______|________|______|________|_____|_________________________|
| incl.| 119.00|124.00| 5.00| 1.05| |
|_______|________|______|________|_____|_________________________|
|S28N | 21.25| 24.00| 2.75| 2.77| |
|_______|________|______|________|_____|_________________________|
|AND | 127.00|131.00| 4.00| 2.50| |
|_______|________|______|________|_____|_________________________|
|S30N | 44.00| 47.00| 3.00| 0.51| |
|_______|________|______|________|_____|_________________________|
|AND | 52.30| 56.00| 3.70| 0.49| |
|_______|________|______|________|_____|_________________________|
|AND | 92.00|100.60| 8.60| 0.52| |
|_______|________|______|________|_____|_________________________|
|AND | 188.00|190.00| 2.00| 1.68| |
|_______|________|______|________|_____|_________________________|
|S31N | 205.00|209.00| 4.00| 0.86| |
|_______|________|______|________|_____|_________________________|
|AND | 215.90|220.00| 4.10| 0.54| |
|_______|________|______|________|_____|_________________________|
|S32N | 140.00|156.00| 16.00| 3.12| |
|_______|________|______|________|_____|_________________________|
| incl.| 141.00|150.00| 9.00| 4.97| |
|_______|________|______|________|_____|_________________________|
Notes on Table 1:
1. Intervals are core length. True width is unknown at this time.
2. Intersections are based on a 0.30 g/t Au cut-off with no top cut
applied.
3. Internal dilution (less than 0.30 g/t Au) has been carried to a
maximum (Maximum Internal Dilution) of 3m except for NRC40
(56.0-21.0m) and S19N (176.0-188.8m) where the maximum dilution
has been set at 4m and for S20N (164.0-179.0m) where it has been
set at 5m.
4. The intersections listed in the table represent sections of at
least 3m in excess of 0.5g/t Au or 2m in excess of 1g/t Au.
5. In order to highlight high grade core zones, a 1.0 g/t gold
cut-off with a Maximum Internal Dilution of 2m has been used.
6. Where core losses were reported in the mineralized intercepts, the
width of the entire mineralized intercept is reported at the
weighted average grade of the remaining samples
7. The intersections represent sections drilled by reverse
circulation (RC) and/or core drilling (see Table 2).
8. The RC portions of the drill holes were generally 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 generally 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.
9. Samples were sent to BIGS Laboratory in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
10. Certified standards were inserted every 15 samples, field
duplicates (in the RC portions) about every 25 and blanks about
every 25 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.
The drilling confirmed the presence of multiple parallel mineralized shears and confirmed the depth extension of the mineralization. The shears are part of a larger regional shear system extending in excess of 100km from Batié in the Southeast to Gaoua in the North. The mineralization occurs in proximity to the contact of mafic rock formations (volcanoclastics and/or volcanics), which constitute the hanging wall, and a sedimentary unit (schists), constituting the footwall. Drilling also appears to confirm that the mineralization exhibits higher grades and improved widths in discrete zones along strike, currently interpreted as being northwesterly plunging shoots with a surface footprint ranging between 300m and 600m along strike. The mineralization is related to intensive silicification (local quartz veining) and sericitization, carbonation and weak sulphidation.
The program was interrupted in late August, due to the onset of the seasonal rains. It is planned to resume drilling as soon as access to the area permits, probably in mid to late November.
TABLE 2: Borehole collar coordinates and orientation parameters
________________________________________________________________
|BHID |UTM_X | UTM_Y | RL | AZI-TN | DIP |DEPTH| RC | DD |
|_____|______|_______|_____|_________|_________|_____|_____|_____|
| | | | (m) |(degrees)|(degrees)| (m) | (m) | (m) |
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC34|482892|1127445|287.9| 56| -60| 146| 146| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC35|482869|1127550|285.6| 56| -60| 105| 105| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC36|482829|1127522|287.6| 56| -60| 144| 144| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC37|482771|1127604|286.1| 56| -60| 127| 127| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC38|482815|1127631|284.7| 56| -60| 108| 108| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC39|482713|1127687|284.9| 56| -60| 150| 150| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC40|482657|1127893|278.1| 56| -60| 102| 102| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC41|482005|1128656|278.8| 56| -60| 123| 123| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC42|481873|1128811|278.6| 56| -60| 94| 94| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC43|481832|1128899|278.8| 56| -60| 100| 100| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC44|481728|1128951|283.4| 56| -60| 130| 130| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC45|481661|1129022|285.1| 56| -60| 100| 100| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC46|481632|1129005|285.8| 56| -60| 156| 156| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC47|481604|1129107|287.0| 56| -60| 138| 138| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC48|481576|1129088|287.1| 56| -60| 143| 143| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC49|481504|1129161|288.3| 56| -60| 132| 132| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC50|481452|1129245|289.2| 56| -60| 150| 150| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|NRC51|481510|1129263|289.3| 56| -60| 100| 100| 0|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S07N |482562|1127947|280.2| 56| -60| 150| 84.2| 65.8|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S08N |482581|1127960|280.6| 56| -60| 100| 67.5| 32.5|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S09N |482598|1127850|279.0| 56| -60|149.6|108.2| 41.4|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S10N |482524|1128041|282.5| 56| -60| 150| 63.1| 86.9|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S11N |482541|1128052|282.2| 56| -60| 102| 61.3| 40.7|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S12N |482171|1128405|280.6| 56| -60| 170| 96| 74|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S13N |482268|1128352|281.8| 56| -60| 146| 61| 85|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S14N |482114|1128484|276.5| 56| -60|175.4| 52.2|123.2|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S15N |481930|1128724|279.4| 56| -60| 100| 72| 28|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S16N |481890|1128697|280.8| 56| -60| 150| 81| 69|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S17N |481829|1128782|280.0| 56| -60| 156| 60| 96|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S18N |481792|1128872|280.8| 56| -60| 180| 96| 84|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S19N |482849|1127417|289.0| 56| -60| 250| 0| 250|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S20N |482736|1127579|286.7| 56| -60| 200| 0| 200|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S21N |482792|1127495|288.0| 56| -60| 220| 0| 220|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S22N |482085|1128449|285.0| 56| -60| 247| 48| 199|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S23N |482678|1127661|284.7| 56| -60| 202| 0| 202|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S24N |482644|1127760|286.0| 56| -60| 180| 0| 180|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S25N |482564|1127827|268.0| 56| -60| 265| 0| 265|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S26N |482524|1127923|283.0| 56| -60| 250| 0| 250|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S27N |482129|1128378|285.0| 56| -60| 224| 0| 224|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S28N |481975|1128636|289.0| 56| -60| 270| 0| 270|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S29N |482236|1128329|286.0| 56| -60| 208| 0| 208|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S30N |482000|1128532|289.0| 56| -60| 256| 0| 256|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S31N |481853|1128687|292.0| 56| -60|238.4| 0|238.4|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
|S32N |482424|1128016|289.0| 56| -60| 250| 0| 250|
|_____|______|_______|_____|_________|_________|_____|_____|_____|
Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua project (Nassara Prospect) 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.
SOURCE Volta Resources Inc.
PDF with caption: 'Volta extends gold mineralization at its Nassara gold prospect in southwestern Burkina Faso'. PDF available at: http://stream1.newswire.ca/media/2011/10/20/20111020_C5843_DOC_EN_5107.pdf
Volta Resources Inc.
CONTACT:
For further information, please refer to our
website www.voltaresources.com or contact:
Kevin Bullock, P.Eng., President & Andreas Curkovic, Investor
CEO Relations
or
Tel: (647) 388-1842 Tel: (416) 577-9927
Fax: (416) 867-2298
Email: kbullock@voltaresources.com