Reverse circulation drill results from Bansié Project, Burkina Faso



    TSX: VTR

    TORONTO, Oct. 17 /CNW/ - Volta Resources Inc. ("Volta" or the "Company")
(TSX:VTR) wishes to announce the results from a reverse circulation ("RC")
scout drilling program carried out on its wholly-owned Bansié Gold Project,
located in the southern Hounde Belt, an emerging gold camp in Burkina Faso,
West Africa.
    The drilling program was designed to test approximately 1km of a 2km long
rock chip and gold-in-soil anomaly (see map). The anomaly coincides with a
gold-bearing structural corridor, which extends southward for 20 km onto the
adjacent Dossi property. This prospective gold-bearing structure is defined by
an intense deformation zone, which includes strong shearing and folding within
Birimian metasediments in proximity to a contact with metavolcanic units on
the eastern margin of the Hounde Belt. The intense shearing is north-south
trending and exhibits intense carbonate and sericite alteration with a strong
silicification overprint and the development of quartz vein stockwork.
Multiple parallel, north-south trending quartz veins, which are currently
subject to intensive artisanal gold mining, are also present.
    The 2,003 meter, 28 hole RC drill program was carried out by West African
Drilling Services. Four fences were drilled along the main trend of the
structure and a fifth tested a parallel structure located approximately
500 meters to the east. All holes were drilled at -55 degrees to the west and
to a vertical depth of less than 70 meters. The better intersections
encountered in the program are tabled below.

    
    -------------------------------------------------------------------------
    Hole ID         From             To           Interval            Grade
                                                   meters           g/t Gold
    -------------------------------------------------------------------------
    BRC002            23             31                 8               0.68
    including         23             26                 3               1.39
    -------------------------------------------------------------------------
    BRC010            20             21                 1               3.04
    -------------------------------------------------------------------------
    BRC011            14             29                15               0.63
    including         21             22                 1               3.02
    including         26             29                 3               1.41
    -------------------------------------------------------------------------
    BRC012            11             12                 1               4.89
       and            48             50                 1                2.2
    -------------------------------------------------------------------------
    BRC013            20             39                19               0.58
    including         24             25                 1               4.16
    including         31             32                 1               2.33
    -------------------------------------------------------------------------
    BRC014            47             50                 3               1.96
    including         48             49                 1               5.19
    -------------------------------------------------------------------------
    BRC015             3              4                 1               1.24
       and            63             64                 1               1.27
    -------------------------------------------------------------------------
    BRC018            28             35                 7               0.82
    including         28             31                 3               1.33
       and            62             63                 1               2.57
    -------------------------------------------------------------------------
    BRC020             7             15                 8               0.86
    including          9             11                 2               2.51
    -------------------------------------------------------------------------
    BRC024             6              9                 3               1.01
       and            31             32                 1               3.32
       and            45             46                 1               1.31
    -------------------------------------------------------------------------
    BRC025             2              3                 1               1.88
    -------------------------------------------------------------------------
    BRC027             8             16                 8               0.85
    including         12             13                 1               4.61
       and            26             44                18               0.62
    including         39             44                 5               1.36
    -------------------------------------------------------------------------
    BRC028            45             55                10               0.89
    including         45             47                 2               2.65
       and            52             53                 1               2.48
       and            61             62                 1               1.29
       and            78             79                 1               1.12
    -------------------------------------------------------------------------

    NOTES TO TABLE:

    1) Intervals are core length. True width is unknown at this time.
    2) Intersections are based on a 0.25 g/t Au cut-off with no top cut
    applied. Internal dilution (less than 0.25 g/t Au) has been carried to a
    maximum of 2m. The 0.25 g/t Au cut-off best expresses the lower-grade
    envelope that can be traced along the strike extent tested to date.
    3) The intersections listed in the table represent sections of at least
    2m in excess of 0.75g/t Au or 1m in excess of 1g/t Au.
    4) Dry 1m-interval 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.
    5) Samples were sent to ALS Chemex in Ouagadougou for standard
    preparation followed by Fire Assay on a 50g charge.
    6) One standard, one blank and one field duplicate were inserted every 20
    samples. The blanks, certified standards and check assays confirm that
    all assays used to compile the intersections quoted here have passed
    Volta's rigorous QA/QC checks.
    

    The results show continuity of the gold mineralization along the
structure over the 1 km strike extent tested. Additional field mapping is
planned to assess whether the potential along strike for enhanced grades over
the 8-19m wide mineralized zones exists.
    Under the guidelines of National Instrument 43-101, the qualified person
for the Bansié project is Mr. Guy Franceschi, Vice President, Exploration for
Volta Resources Inc. 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 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 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.

    
    Bansie Project, Burkina Faso - RC Drill Plan
    --------------------------------------------

    http://files.newswire.ca/407/VoltaBansieProject.doc
    

    %SEDAR: 00026749E




For further information:

For further information: 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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