Volta Demonstrates New Mineralization Extending To The Northeast At Its Kiaka Gold Project In Burkina Faso

- Intersects 60.7m @ 1.75g/t Gold, Including 21.1m @ 2.11g/t Gold-

TORONTO, Sept. 1, 2011 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces additional drill results from its on-going program (Phase 3) at its Kiaka Gold Project in Burkina Faso. Results for an additional 29 holes located in the northern part of the Kiaka Main Zone have been received and are included in this press release.  These holes have been drilled subsequent to completion of the latest NI43-101 compliant resource estimate for Kiaka (See Volta press release dated June 29, 2011).

The holes extend and confirm continuity of mineralization at deeper levels towards the north beyond section 5700N, highlighting the potential for further significantly increasing the resources within the framework of the currently defined Whittle-constrained pit. The highlights from current drilling on these sections include:

  • KDH278 : 16.30m @ 1.22g/t gold, including 12.60m @ 1.49g/t gold
    AND 60.70m @ 1.75g/t gold, including 21.10m @ 2.11g/t gold
  • KDH280 : 55.40m @ 0.78g/t gold, including 5.80m @ 2.24g/t gold
  • KDH281 : 83.55m @ 1.14g/t gold, including 52.20m @ 1.44g/t gold
  • KKRC127 : 12.00m @ 1.29g/t gold, including 4.00m @ 2.55g/t gold
  • KKRC128 : 10.00m @ 2.54g/t gold

Kevin Bullock, Volta's CEO, said, "These drill results from our Phase 3 program continue to display Kiaka's outstanding characteristics - broad widths with well disseminated mineralization.  As part of our publicly stated plans to move Kiaka toward a production decision we will be initiating a pre-feasibility study within the next month."

Deep drill holes, completed on Sections 5700N and 5850N, confirmed that the KMZ main mineralization extends further to the northeast under a shallow, gently southeasterly dipping thrust fault.  The fault has brought hanging wall mineralization, represented by narrower zones of mineralization, over the main, wide, mineralized orebody. The mineralization remains open to the north and will be tested by extensive drilling in the coming months.  The RC drill holes completed on section 6100N further confirm the northern extension of the hanging wall (KHZ) mineralization.

Results for the holes are highlighted in Table 1.  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 the reported boreholes

BHID FROM TO INTERVAL Au g/t REMARKS/COMMENTS
KDH275 20.00 34.00 14.00 0.58  
INCL 31.00 34.00 3.00 1.08  
AND 179.00 196.00 17.00 0.86  
AND 110.60 114.00 3.40 1.34  
KDH278 261.00 286.00 25.00 0.51  
AND 317.00 328.00 11.00 0.67  
AND 337.00 351.00 14.00 0.92  
INCL 340.00 348.00 8.00 1.30  
AND 358.00 374.30 16.30 1.22  
INCL 361.00 373.60 12.60 1.49  
AND 381.70 442.40 60.70 1.75  
INCL 381.70 402.80 21.10 2.11  
INCL 406.10 427.00 20.90 2.02  
INCL 430.00 442.40 12.40 1.44  
AND 447.15 451.25 4.10 1.29  
KRD279 94.00 97.47 3.47 1.64  
KDH280 115.40 170.80 55.40 0.78  
INCL 150.00 155.80 5.80 2.24  
INCL 222.00 226.00 4.00 1.12  
AND 385.00 399.00 14.00 0.61  
KDH281 333.00 345.00 12.00 0.70  
INCL 333.00 336.00 3.00 1.83  
AND 368.00 451.55 83.55 1.14 ENDED IN MINERALIZATION
INCL 383.90 436.10 52.20 1.44  
INCL 443.70 451.55 7.85 1.42  
KDH282 133.00 145.40 12.40 0.75  
INCL 133.00 136.00 3.00 2.24  
AND 360.30 401.00 40.70 0.72  
INCL 361.00 370.00 9.00 0.98  
AND 409.00 427.00 18.00 0.54  
AND 441.00 445.40 4.40 1.61  
KDH283 115.00 243.00 128.00 0.69 121.0-122.0 = 17.3g/t Au
INCL 119.00 122.00 3.00 6.51  
INCL 179.00 183.65 4.65 1.39  
INCL 229.00 232.00 3.00 1.20  
KKRC127 25 37 12 1.29  
INCL 25.00 29.00 4.00 2.55  
AND 73.00 76.00 3.00 1.11  
KKRC128 2.00 45.00 43.00 0.55  
INCL 5.00 8.00 3.00 1.07  
AND 72.00 82.00 10.00 2.54 72.0-73.0m = 23.50g/t Au
KKRC129 74.00 99.00 25.00 0.40  
INCL 90.00 93.00 3.00 1.39  
KKRC130 66.00 99.00 33.00 0.82  
INCL 85.00 91.00 6.00 1.70  
KKRC134 25.00 37.00 12.00 0.81  
INCL 25.00 28.00 3.00 1.14  
AND 49.00 91.00 42.00 0.78  
INCL 49.00 52.00 3.00 1.03  
INCL 56.00 59.00 3.00 1.19  
INCL 69.00 74.00 5.00 1.05  
KKRC137 45.00 60.00 15.00 0.60  
INCL 45.00 49.00 4.00 1.17  
KKRC138 30.00 49.00 19.00 0.56  
KKRC140 4.00 15.00 11.00 0.62  
AND 40.00 58.00 18.00 0.63  
INCL 52.00 55.00 3.00 1.70  
KKRC143 0.00 60.00 60.00 0.59  
KKRC144 4.00 35.00 31.00 0.43  

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 envelope, except for holes KKRC143 (0-60.0m ) 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 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 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.

TABLE 2: Collar coordinates and orientation parameters for the reported boreholes

SECTION Hole ID Easting Northing Elevation Depth Dip Azimuth RC DD
        (m) (m) (degrees) (degrees) (m) (m)
6150N KKRC147 740043 1289856 267.1 49.00 -55 135 49.00 0.00
KKRC146 740025 1289872 267.4 55.00 -55 135 55.00 0.00
KKRC145 739936 1289958 269.2 60.00 -55 135 60.00 0.00
KKRC144 739914 1289978 268.9 60.00 -55 135 60.00 0.00
KKRC143 739892 1289999 269.0 60.00 -55 135 60.00 0.00
KKRC142 739870 1290020 268.9 59.00 -55 135 59.00 0.00
KKRC141 739849 1290040 269.1 60.00 -55 135 60.00 0.00
KKRC140 739827 1290061 269.1 60.00 -55 135 60.00 0.00
KKRC139 739805 1290082 268.5 60.00 -55 135 60.00 0.00
KKRC138 739783 1290102 268.5 60.00 -55 135 60.00 0.00
KKRC137 739761 1290123 268.7 60.00 -55 135 60.00 0.00
KKRC136 739725 1290157 268.8 100.00 -55 135 100.00 0.00
KKRC135 739699 1290182 268.5 76.00 -55 135 76.00 0.00
6100N    KKRC127 739721 1290106 269.6 55.00 -55 135 55.00 0.00
KKRC128 739790 1290036 269.1 100.00 -55 135 100.00 0.00
KKRC129 739826 1289999 270.2 100.00 -55 135 100.00 0.00
KKRC130 739862 1289964 269.8 100.00 -55 135 100.00 0.00
KKRC131 739918 1289907 269.5 85.00 -55 135 85.00 0.00
KKRC132 739984 1289840 268.4 60.00 -55 135 60.00 0.00
KKRC133 740007 1289816 267.7 47.00 -55 135 47.00 0.00
6050N KKRC134 739703 1290047 270.4 92.00 -55 135 92.00 0.00
5900N KDH283 739873 1289680 268.3 301.00 -60 135 0.00 301.00
KDH282 739539 1289996 271.3 451.00 -60 315 0.00 451.00
5850N KDH280 739840 1289637 268.2 451.00 -60 135 0.00 451.00
KDH281 739631 1289839 273.1 451.00 -60 135 0.00 451.00
5800N KRD279 739459 1289944 272.2 102.00 -55 135 30.00 72.00
KRD277 739531 1289873 273.6 100.00 -55 135 42.00 58.00
KDH275 739810 1289593 267.9 235.00 -60 315 0.00 235.00
5700N KDH278 739742 1289520 266.2 451.00 -60 315 0.00 451.00

Phase 3 drilling continues at Kiaka.  The program comprises another 50.000m of drilling being undertaken to extend resources in the Central Area, to follow up positive results in the South Area, to test several local ground geophysical targets and undertake scout drilling on regional targets on the Kiaka property.

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.

 

 

Image with caption: "Volta Resources' Kiaka Gold Project In Burkina Faso - Figure 1: Location of the latest holes on Sections 5700N to 6150N (CNW Group/Volta Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20110901_C7865_PHOTO_EN_2760.jpg

SOURCE Volta Resources Inc.

For further information:

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
Tel: (416) 577-9927 

 

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