Latest drilling at Gaoua confirms historical data and uncovers new mineralization



    TSX: VTR

    TORONTO, Jan. 13 /CNW/ - Volta Resources Inc. ("Volta" or the "Company")
(TSX:VTR) is pleased to report more significant copper-gold intercepts from
the last drill holes of its 2008 diamond and reverse circulation ("RC")
drilling program at Volta's Gaoua copper-gold porphyry project in southern
Burkina Faso, West Africa. The latest drilling significantly expands the
mineralized envelope towards the west at its Gongondy target, considerably
increasing the mineral potential of the area.
    The latest results are from two diamond drill holes (S63GON and S64GON)
and four RC holes (GRC2-08 to GRC5-08) drilled on the southernmost part of the
Gongondy target. Previous results from this program included 23 holes drilled
at Gongondy and 15 holes drilled at Dienemera, which were reported in news
releases dated October 30, 2008, November 06, 2008 and December 02, 2008
respectively. The Gongondy and Dienemera targets occur along a north-south
oriented structural corridor, approximately 7km apart and are characterized by
the presence of highly anomalous copper-gold mineralization hosted by
hydrothermal breccia, which show porphyry copper characteristics.
    Highlights from the logging and assay results from the latest drilling
are:

    
    -   The confirmation of the presence of wide, high-grade, intercepts
        reported by historical holes such as 124m @ 0.56% Cu and 0.34 g/t
        Au (S63GON), including 12m @ 1.18% Cu and 0.81 g/t Au,
    -   the extension of the mineralized envelope to the west of the gabbro
        which intrudes the mineralized breccia in southern Gongondy. This
        area is underlain by transported alluvium and therefore had no
        surface geochemical response in order to target drilling. A highlight
        from this RC program includes 27m @ 0.71%Cu and 1.23g/t Au (GRC4-
        08).

    The better copper-gold drill intersections from the latest drilling are
listed in the Table below.

    Table 1: Cu-Au Intersection Highlights.
    -------------------------------------------------------------------------
    HOLE ID       FROM(*)     TO(*)     INTERVAL(*)              Au    MID(*)
                   (m)         (m)         (m)      Cu (%)      (g/t)    (m)
    -------------------------------------------------------------------------
                   10         134         124        0.56       0.34      4
    S63GON   ----------------------------------------------------------------
             INCL. 33          45          12        1.18       0.81      0
    -------------------------------------------------------------------------
                   28          38          10        0.38       0.32      1
    S64GON   ----------------------------------------------------------------
                  222         234          12        0.25       0.47      4
    -------------------------------------------------------------------------
    GRC2-08        21          28           7        0.26       0.42      1
    -------------------------------------------------------------------------
    GRC4-08         8          35          27        0.72       1.23      1
    -------------------------------------------------------------------------
                   49          55           6        0.28       0,30      3
    GRC5-08  ----------------------------------------------------------------
                   66          71           5        0.29       0.39      2
    -------------------------------------------------------------------------
    (*) drill length-not true width.

    Table Notes:
    -   The Cu-Au intersections above are based on a 0.3% Cu cut-off with no
        top cut applied, except for the interval listed for GRC2-08 where a
        0.2% Cu cut-off was exceptionally applied.
    -   Internal dilution (less than 0.3 % Cu except for GRC2-08 where 0.2%
        has been used) has been carried out to a maximum of 4m (the "maximum
        internal dilution" or MID).
    -   The above assay results for holes S63GON and S64GON were obtained on
        HQ and some NQ sized core sampled at one metre intervals and cut in
        half using a diamond saw. One-half of the core was archived at the
        core storage facility on site while the other half was sent to ALS
        Chemex Burkina S.A.R.L, Ouagadougou/Burkina Faso for standard
        preparation (crushing, pulverization, split) and gold fire assay on
        50g charge. Copper was assayed by atomic absorption spectrometry at
        the ALS facilities in Vancouver/Canada.
    -   The results for the reverse circulation holes GRC2-08 to GRC5-08 were
        obtained from dry 1m-interval samples that were riffle-split to
        provide 2 kg samples sent to the laboratory for the same processing
        and assaying as described above for the core samples. Wet samples
        were dried in the field, then riffle-split in the same way.
    -   The accuracy of the results was tested through the systematic
        inclusion of Cu-Au standards (Ore Research and Exploration, Australia
        - OREAS) and field blanks. Standards were inserted every 15 samples
        and blanks approximately every 25 samples. The results for the
        reported holes have passed the Company's QA/QC protocols.
    

    At Gongondy, twenty-nine drill holes have now been completed for a total
of 7,297.4 metres during the 2008 drilling campaign. Based on this drilling,
two mineralized centers are recognized along a north striking breccia body,
(the "northern" and the "southern" blocks), separated by a post-mineralization
intrusive gabbro body. The latest drilling indicates that the westward dipping
gabbro is intrusive in the southern block. The mineralized envelope in the
southern block clearly extends further west than previously thought and may
connect to the northern block west of the gabbro. Copper and gold
mineralization has now been defined by reverse circulation and diamond
drilling in a J-shape around the gabbro in the southern block, significantly
increasing the tonnage potential of the mineralized envelope at Gongondy (see
Figure 1).
    Management is encouraged by this drilling success. Further drilling is
currently being planned to better delineate the extension of mineralization
west of the gabbro. In addition, drilling using the Company's recently
acquired tractor-mounted powered auger rig is to commence shortly along the
7km porphyry corridor between Gongondy and Dienemera where alluvium and
transported laterite regolith cover may have similarly masked the geochemical
response of further copper and gold mineralization.

    
    Table 2: Locations of the reported Holes Drilled at Gongondy.
    -------------------------------------------------------------------------
                                                                     Drill
    HOLE ID           LOCATION(*)         AZIMUTH        DIP      Hole Length
                 EASTING     NORTHING    (degrees)    (degrees)        (m)
    -------------------------------------------------------------------------
    S63GON/08     499219      1139246        90           55          197
    -------------------------------------------------------------------------
    S64GON-08     498929      1139149        90           55        254.8
    -------------------------------------------------------------------------
    GRC2-08       498930      1139450        90           55           84
    -------------------------------------------------------------------------
    GRC3-08       498880      1139450        90           55           84
    -------------------------------------------------------------------------
    GRC4-08       498930      1139550        90           55           48
    -------------------------------------------------------------------------
    GRC5-08       498880      1139550        90           55           84
    -------------------------------------------------------------------------
    (*) Datum WGS84, coordinates as planned, final coordinates to be surveyed
    and confirmed.
    

    Over 23,000 metres of, mainly, diamond drilling have now been completed
by Volta on the Gaoua project. The results from this phase of drilling, along
with previous results, will be incorporated into an initial NI 43-101 resource
estimate planned to be completed during the first quarter of 2009.
    Under the guidelines of National Instrument 43-101, the qualified person
for the Gaoua copper-gold project is Mr. Guy Franceschi, Vice President,
Exploration for the Company. 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 focused on becoming the leader in
the identification, acquisition and exploration of gold properties in West
Africa. The Company is committed to West African exploration and is
Canadian-based with its head office in Toronto, Ontario and operations offices
in Accra, Ghana and Ouagadougou, Burkina Faso. The Company currently has cash
and short-term investments totaling $5.8 million, marketable securities with a
quoted market value of approximately $3.5 million and 53.2 million common
shares issued and outstanding.

    
    The Toronto Stock Exchange does not accept responsibility for the
    adequacy or accuracy of this news release.
    

    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.

    FIGURE 1: http://files.newswire.ca/407/Voltafig1Map.doc

    %SEDAR: 00026749E




For further information:

For further information: please refer to our website
www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO,
Tel: (416) 867-2299, Fax: (416) 867-2298, Email: kbullock@voltaresources.com;
Investor Relations: Vancouver, Farah Alibhai, Tel: (604) 731-7340, Email:
falibhai@voltaresources.com

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