Volta reports additional positive results from Target Zone B at the
Maména-Fofora prospect at Kampti in SW Burkina Faso
TSX: VTR
The campaign included nine Reverse Circulation ("RC") drill holes and one diamond drill core ("DD") hole. The objective of the program was to improve the definition and extension of the mineralization intersected at Target Zone B in the previous RC drilling program (See News Release of
Drilling has confirmed the presence of gold mineralization in the target area, with most holes intersecting anomalous gold values ((greater than)0.25g/t Au) over multiple zones for more than 500m of strike. Highlights of the results are presented in the table below.
Table 1: Target Zone B - Intersection highlights ------------------------------------------------------------------------- HOLE ID FROM TO INTERVAL Grade MID REMARK m m m g/t Au m ------------------------------------------------------------------------- KRC86 9 18 9 0.72 2 ---------------------------------------------------------------- 27 41 14 0.83 3 ---------------------------------------------------------------- 46 69 23 0.89 4 ---------------------------------------------------------------- 52 69 17 1.14 1 ------------------------------------------------------------------------- KRC87 72 81 9 0.87 2 halted in mineralization ------------------------------------------------------------------------- KRC88 60 62 2 1.68 0 ------------------------------------------------------------------------- KRC89 0 13 13 0.63 2 ---------------------------------------------------------------- 22 36 14 0.33 0 No sample from 20-22 and 25-30m due to artisanal pits ------------------------------------------------------------------------- KRC90 74 78 4 1.53 1 ------------------------------------------------------------------------- KRC93 26 31 5 0.82 1 ------------------------------------------------------------------------- S1KT 95 99 4 2.11 0 ---------------------------------------------------------------- 110 116 6 2.49 2 ---------------------------------------------------------------- 144 151 7 0.71 2 halted in mineralization ------------------------------------------------------------------------- KRC94 67 81 14 0.58 3 ---------------------------------------------------------------- 75 79 4 1.18 0 ---------------------------------------------------------------- 129 132 3 3.06 0 ------------------------------------------------------------------------- NOTES: 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 3m except in KRC86 where the maximum internal dilution (MID) is 4m. The 0.25 g/t Au cut-off best expresses the lower-grade envelope in which the high-grade mineralized systems occur 3) The intersections listed in the table represent sections of at least 2m in excess of 1g/t Au and/or sections of at least 5m in excess of 0.5g/t Au. 4) Dry RC 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. The core hole S1KT was 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 the laboratory 5) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge. 6) Standards were inserted every 15 samples, field duplicates (in the RC holes only) about every 25 and blanks about every 35 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: Drill hole locations for holes drilled at Kampti in the latest campaign ------------------------------------------------------------------------- HOLE ID* UTM_X(xx) UTM_Y(xx) AZIMUTH DIP ELEVATION(xxx) DEPTH (m) ------------------------------------------------------------------------- KRC86 446510 1123100 270 -55 369 80 ------------------------------------------------------------------------- KRC87 446550 1123100 270 -55 367 82 ------------------------------------------------------------------------- KRC88 446610 1123900 270 -55 348 78 ------------------------------------------------------------------------- KRC89 446575 1123900 270 -55 348 75 ------------------------------------------------------------------------- KRC90 446645 1122700 270 -55 369 78 ------------------------------------------------------------------------- KRC91 446615 1122700 270 -55 370 90 ------------------------------------------------------------------------- KRC92 446675 1122600 270 -55 368 75 ------------------------------------------------------------------------- KRC93 446590 1123100 270 -55 366 72 ------------------------------------------------------------------------- S1KT 446575 1122990 270 -55 370 151 ------------------------------------------------------------------------- KRC94 446520 1123150 270 -55 367 140 ------------------------------------------------------------------------- * All holes are reverse circulation drill holes, except S1KT which is a cored hole, drilled in HQ diameter. (xx) Datum UTM WGS84 - Zone 30, coordinates as planned, final coordinates to be surveyed and confirmed. (xxx) Elevation as deducted from the existing topographical maps, final elevation to be surveyed and confirmed
This phase of drilling suggests mineralization comprises a plunging higher grade zone with multiple parallel reefs within a broader mineralized envelope. The next step at Kampti will entail pursuing several other prospects outside of Maména-Fofora which show mineralization being exploited by artisanal workers in similar structural settings as drilled at Target Zone B.
Under the guidelines of National Instrument 43-101, the qualified person for the Kampti project is
Volta is a mineral exploration company primarily focused on becoming a leader in the identification, acquisition and exploration of gold properties in West
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: Plan showing location of drilling at Target Zone B.
http://files.newswire.ca/407/Target_Zone_B.doc
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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: [email protected]
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