Volta Reports More Wide Mineralized Intercepts in the Next Section of
Drilling at its Kiaka Gold Project Including 119.5m @ 1.15g/t Gold, 108.45m @
1.06g/t Gold and 94m @ 1.21g/t Gold
TSX: VTR
TORONTO, April 21 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section at its Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. To date, 88 holes (~13,674 meters) have been completed of the current program comprising more than 110 holes ((greater than)17,400 meters) planned for the Central Area at Kiaka. So far results have been received for 71 holes from this area, with the current news release covering the latest 6 holes, which are all located on Section 5600N (See Figure 1). The highlights from this section include:
- KDH55 : 119.25m @ 1.15g/t Au, including 56.00m @ 1.76g/t Au AND - KDH55 : 39.75m @ 1.81g/t Au, including 31.10m @ 2.24g/t Au - KRD56 : 66.00m @ 1.16g/t Au, including 34.00m @ 1.36g/t Au - KRD57 : 94.00m @ 1.21g/t Au, including 5.00m @ 2.26g/t Au and 44.00m @ 1.50g/t Au AND - KRD57 : 81.00m @ 1.02g/t Au, including 11.00m @ 2.38g/t Au - KRD58 : 42.00m @ 0.78g/t Au, including 3.00m @ 2.51g/t Au and 3.00m @ 2.79g/t Au - KDH59 : 108.45m @ 1.06g/t Au, including 45.35m @ 1.25g/t Au and 18.75m @ 1.95g/t Au - KKRC32 : 22.00m @ 0.67g/t Au, including 5.00m @ 1.60g/t Au
Kevin Bullock, Volta's CEO, said, "Once again we have encountered widths at better than expected grades from the KMZ zone. As we near completion of our first drill campaign at Kiaka we can unequivocally state that the results have consistently exceeded expectations. We look forward to soon incorporating all of the results into our initial resource estimate, which will support our plans to aggressively move to the next stage in developing Kiaka to its ultimate potential."
In order to appreciate the extent and geometry of the mineralization on the 5600N section, the results for the intersections for the six Volta holes are highlighted in Table 1 below and on the section in Figure 2. 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 from Section 5600N ------------------------------------------------------------------------- HOLE ID FROM TO INTERVAL GRADE COMMENT m m m g/t Au ------------------------------------------------------------------------- KDH55 19.00 138.25 119.25 1.15 ----------------------------------------------- Including 72.00 128.00 56.00 1.76 ----------------------------------------------- Including 131.00 138.25 7.25 1.36 ----------------------------------------------- AND 145.10 162.00 16.90 1.25 ----------------------------------------------- Including 148.00 162.00 14.00 1.35 ----------------------------------------------- AND 171.85 211.60 39.75 1.81 ----------------------------------------------- Including 178.80 209.90 31.10 2.24 ----------------------------------------------- AND 220.85 272.00 51.15 0.60 ----------------------------------------------- Including 224.85 235.00 10.15 0.91 ----------------------------------------------- Including 252.00 261.00 9.00 1.32 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD56 1.00 48.00 47.00 0.86 ----------------------------------------------- Including 1.00 5.00 4.00 1.53 ----------------------------------------------- Including 13.00 41.00 28.00 1.02 ----------------------------------------------- AND 58.00 73.00 15.00 0.59 ----------------------------------------------- AND 80.00 146.00 66.00 1.16 ----------------------------------------------- Including 81.00 115.00 34.00 1.36 ----------------------------------------------- Including 119.00 128.00 9.00 1.10 ----------------------------------------------- Including 133.00 146.00 13.00 1.29 ----------------------------------------------- AND 157.00 204.00 47.00 0.90 ----------------------------------------------- Including 157.00 165.00 8.00 1.02 ----------------------------------------------- Including 170.00 187.00 17.00 1.14 ----------------------------------------------- Including 191.00 199.00 8.00 1.15 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD57 1.00 95.00 94.00 1.21 ----------------------------------------------- Including 5.00 10.00 5.00 2.26 ----------------------------------------------- Including 25.00 34.00 9.00 1.18 ----------------------------------------------- Including 39.00 47.00 8.00 1.24 ----------------------------------------------- Including 50.00 94.00 44.00 1.50 ----------------------------------------------- AND 110.00 191.00 81.00 1.02 ----------------------------------------------- Including 113.00 124.00 11.00 2.38 ----------------------------------------------- Including 129.00 139.00 10.00 1.35 ----------------------------------------------- Including 142.00 145.00 3.00 2.04 ----------------------------------------------- Including 154.00 161.00 7.00 1.31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KRD58 0.00 42.00 42.00 0.78 ----------------------------------------------- Including 8.00 11.00 3.00 2.51 ----------------------------------------------- Including 22.00 25.00 3.00 2.76 ----------------------------------------------- AND 57.00 89.00 32.00 0.60 ----------------------------------------------- Including 77.00 79.90 2.90 1.95 ----------------------------------------------- AND 97.00 132.00 35.00 0.63 ----------------------------------------------- Including 101.00 105.00 4.00 1.08 ----------------------------------------------- Including 113.00 119.10 6.10 1.62 ------------------------------------------------------------------------- ------------------------------------------------------------------------- KDH59 7.00 17.00 10.00 2.38 ----------------------------------------------- AND 28.00 35.50 7.50 2.46 ----------------------------------------------- Including 32.20 35.50 3.30 4.88 ----------------------------------------------- AND 68.65 177.10 108.45 1.06 Max internal dilution =6m ----------------------------------------------- Including 68.65 114.00 45.35 1.25 ----------------------------------------------- Including 68.65 79.00 10.35 1.33 ----------------------------------------------- Including 81.35 85.55 4.20 2.00 ----------------------------------------------- Including 88.00 114.00 26.00 1.24 ----------------------------------------------- Including 136.10 139.40 3.30 1.08 ----------------------------------------------- Including 144.25 163.00 18.75 1.95 ----------------------------------------------- AND 191.00 200.07 9.07 0.41 Ended in mineralisation ------------------------------------------------------------------------- ------------------------------------------------------------------------- KKRC32 8.00 30.00 22.00 0.67 ------------------------------------------------ Including 8.00 13.00 5.00 1.60 ------------------------------------------------ AND 37.00 85.00 48.00 0.35 Ended in mineralisation ------------------------------------------------------------------------- NOTES: 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 (increased to 6m for KDH59). 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. (except for KDH59 and KKRC32 where the holes end in mineralization and, so, the last mineralized intervals are less than 10m @ 0.50g/t Au) 5) The intersections also 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.
To date, assay results have been received for eight sections drilled between 5250N and 5600N and covering 350m of strike of the central portion of the Central Area. All sections were well mineralized and include very wide intersections such as 136m @ 1.66g/t Au (KRD25); 191m @ 1.31 g/t Au (KRD33); 93.0m @ 1.59g/t gold, including 57.0m @ 2.05g/t Au (KDH29); 82.10m @ 2.27 g/t Au (KRD38); 219m @ 0.90g/t Au (KRD43) and 90.90m @ 1.06g/t Au (KDH49); 120.5m @ 0.94g/t Au (KRD52) and 62.24m @ 2.25g/t Au Including 19m @ 4.62g/t Au (KRD51); 72m @ 1.12g/t Gold (KRD53). Within this broad mineralized lower grade envelope, discrete higher grade zones can be traced from hole to hole and from section to section. In addition the results from drilling of the Kiaka Hanging Wall Zone, a mineralized zone parallel to the Kiaka Main Zone (KMZ), have demonstrated the additional mineralized potential outside of the KMZ.
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone in the Central Area. The program will infill and extend drilling on the Central Area such that the KMZ zone is drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to 200m depth. Volta intends to complete the program by the middle of May 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010.
TABLE 2: Borehole collar coordinates and orientation parameters ------------------------------------------------------------------------- Hole Easting Northing Eleva- ID tion Dip Azimuth Depth DD RC ----------------------------------------------- (m) (degrees)(degrees) (m) (m) (m) ------------------------------------------------------------------------- KDH55 739477 1289642 269.40 58.00 135.00 275.00 0.00 275.00 ------------------------------------------------------------------------- KDH59 739603 1289518 267.21 55.00 315.00 200.07 0.00 200.07 ------------------------------------------------------------------------- KRD56 739503 1289616 269.07 58.00 135.00 225.52 90.00 135.52 ------------------------------------------------------------------------- KRD57 739531 1289589 268.40 58.00 135.00 222.00 66.00 156.00 ------------------------------------------------------------------------- KRD58 739564 1289555 268.01 56.00 135.00 149.77 66.00 83.77 ------------------------------------------------------------------------- KKRC32 739602 1289518 267.20 55.00 135.00 85.00 85.00 0.00 -------------------------------------------------------------------------
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, towards a development decision.
To view Figure 1 and Figure 2 of Volta's Kiaka Gold Project, please visit http://files.newswire.ca/407/Volta_Kiaka_April21.doc
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.
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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]; Andreas Curkovic, Investor Relations, (416) 577-9927
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