Volta Resources intersects 191 meters at 1.31 g/t gold at its Kiaka Gold
Project in Burkina Faso
- Also 93.0m @ 1.59g/t gold, including 57.0m @ 2.05g/t gold -
TSX: VTR
- KRD32 : 117.0m @ 1.15g/t Au, including 10.50m @ 2.79g/t Au - KRD32 : 6.7m @ 4.16g/t Au - KRD33 : 191.0m @ 1.31g/t Au, including 19.00m @ 2.55g/t Au - KRD33 : 2.8m @ 8.06g/t Au - KDH34 : 95.15m @ 1.06g/t Au, including 11.00m @ 2.34g/t Au - KDH28 : 20.06m @ 1.74g/t Au - KDH28 : 98.00m @ 1.04g/t Au, including 17.85m @ 2.87g/t Au - KDH28 : 33.00m @ 1.35g/t Au - KDH29 : 93.00m @ 1.59g/t Au, Including 57.00m @ 2.05g/t Au - KDH29 : 82.00m @ 1.04g/t Au, including 12.00m @ 1.59g/t Au - KDH29 : 42.45m @ 2.07g/t Au, including 2.00m @ 31.16g/t Au - KKRC15 : 13.0m @ 1.88g/t Au, including 3.00m @ 6.62g/t Au - KKRC15 : 9.0m @ 6.09g/t Au, including 3.00m @ 17.59g/t Au
In order to appreciate the extent and geometry of the mineralization on the 5300N section, the results for the intersections for these holes are highlighted in Table 1 below and on the section in figure 2 (see Figure 1 & 2 - http://files.newswire.ca/407/Volta_Feb_4_Figure_1_and_2.doc). Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in
Table 1: Highlights of gold intersections from Section 5300N ------------------------------------------------------------ Hole ID From To Interval Grade m m m g/t Au ------------------------------------------------------------ KRD32 13.00 130.00 117.00 1.15 ------------------------------------------------------------ including 19.00 30.00 11.00 1.34 ------------------------------------------------------------ including 33.00 49.00 16.00 1.25 ------------------------------------------------------------ including 55.00 72.00 17.00 2.08 ------------------------------------------------------------ including 78.00 89.00 11.00 1.79 ------------------------------------------------------------ including 92.00 111.00 19.00 1.13 ------------------------------------------------------------ AND 143.50 154.00 10.50 ------------------------------------------------------------ including 147.30 154.00 6.70 4.16 ------------------------------------------------------------ KKRC12 61.00 100.00 39.00 1.23 ------------------------------------------------------------ including 71.00 85.00 14.00 1.74 ------------------------------------------------------------ including 89.00 94.00 5.00 2.02 ------------------------------------------------------------ including 97.00 100.00 3.00 1.58 ------------------------------------------------------------ KKRC13 1.00 19.00 18.00 1.36 ------------------------------------------------------------ including 11.00 18.00 7.00 2.59 ------------------------------------------------------------ RD33 0.00 191.00 191.00 1.31 ------------------------------------------------------------ including 3.00 7.00 4.00 16.10 ------------------------------------------------------------ including 11.00 20.00 9.00 1.68 ------------------------------------------------------------ including 30.00 33.00 3.00 1.55 ------------------------------------------------------------ including 70.00 92.00 22.00 1.14 ------------------------------------------------------------ including 116.00 135.00 19.00 2.55 ------------------------------------------------------------ including 152.00 160.00 8.00 1.47 ------------------------------------------------------------ including 167.00 174.00 7.00 1.42 ------------------------------------------------------------ AND 213.00 230.65 17.65 1.06 ------------------------------------------------------------ including 213.00 223.00 10.00 1.22 ------------------------------------------------------------ including 219.00 223.00 4.00 1.97 ------------------------------------------------------------ AND 239.25 242.00 2.75 8.06 ------------------------------------------------------------ KKRC15 2.00 15.00 13.00 1.88 ------------------------------------------------------------ including 6.00 9.00 3.00 6.62 ------------------------------------------------------------ AND 41.00 50.00 9.00 6.09 ------------------------------------------------------------ including 41.00 44.00 3.00 17.59 ------------------------------------------------------------ KDH34 0.00 12.00 12.00 1.47 ------------------------------------------------------------ AND 22.00 117.15 95.15 1.06 ------------------------------------------------------------ including 28.00 39.00 11.00 2.34 ------------------------------------------------------------ including 42.00 51.00 9.00 1.14 ------------------------------------------------------------ including 54.00 62.00 8.00 1.13 ------------------------------------------------------------ including 65.00 70.00 5.00 1.21 ------------------------------------------------------------ including 75.00 86.00 11.00 1.11 ------------------------------------------------------------ including 90.00 100.00 10.00 1.98 ------------------------------------------------------------ AND 126.00 160.00 34.00 0.79 ------------------------------------------------------------ including 134.00 140.00 6.00 2.15 ------------------------------------------------------------ KDH29 5.50 20.00 14.50 0.84 ------------------------------------------------------------ including 10.50 18.00 7.50 1.31 ------------------------------------------------------------ AND 28.75 72.00 43.25 0.44 ------------------------------------------------------------ including 40.00 45.00 5.00 1.60 ------------------------------------------------------------ AND 78.00 171.00 93.00 1.59 ------------------------------------------------------------ including 78.00 135.00 57.00 2.05 ------------------------------------------------------------ AND 177.00 259.00 82.00 1.04 ------------------------------------------------------------ including 206.00 217.00 11.00 ------------------------------------------------------------ including 238.00 242.00 4.00 3.84 ------------------------------------------------------------ including 247.00 259.00 12.00 1.59 ------------------------------------------------------------ AND 265.00 273.70 8.70 0.80 ------------------------------------------------------------ AND 277.55 320.00 42.45 2.07 ------------------------------------------------------------ including 317.00 319.00 2.00 31.16 ------------------------------------------------------------ KDH28 29.50 50.00 20.50 0.47 ------------------------------------------------------------ AND 57.00 77.06 20.06 1.74 ------------------------------------------------------------ AND 86.00 184.00 98.00 1.04 ------------------------------------------------------------ including 101.00 105.00 4.00 1.46 ------------------------------------------------------------ including 116.70 128.60 11.90 1.01 ------------------------------------------------------------ including 132.15 150.00 17.85 2.87 ------------------------------------------------------------ including 137.25 142.15 4.90 1.95 ------------------------------------------------------------ including 145.00 150.00 5.00 7.33 ------------------------------------------------------------ AND 194.00 227.00 33.00 1.35 ------------------------------------------------------------ including 197.00 227.00 30.00 1.44 ------------------------------------------------------------ AND 258.60 282.00 23.40 0.67 ------------------------------------------------------------ including 263.00 269.00 6.00 1.08 ------------------------------------------------------------ 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 of 5m for the lower grade mineralization envelope (increased to 6m for KDH03 and KRD30). 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 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 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. 9) Due to technical problems with the drill rig, core losses were noticed in hole KDH 28 at the following intervals 31.44-31.90m and 141.25-141.39m.These intervals have been attributed an assay value of zero g/t Au in the calculations of the mineralized intercepts as highlighted in table 1.
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the greater than 70m long KHZ zone. The program will infill and extend drilling 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. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to 100m and 100m x 50m from 100m to 150m. The drill program has been optimized with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered before the end of
Volta has also commissioned SRK Consulting (UK) to undertake Social and Environmental Scan in order to begin collecting baseline data as well as to identify the key issues in this sphere that will need to be addressed during the prefeasibility stage, which is expected to commence in the latter half of 2010. In addition, SGS Lakefield (
TABLE 2: Borehole collar coordinates and orientation parameters. ------------------------------------------------------------------------- Hole ID Easting Northing Elevation Total Dip Azimuth RC DD (m) depth (degrees)(degrees) (m) (m) (m) ------------------------------------------------------------------------- KDH28 739245 1289447 270 299.07 -55 135 - 299.07 ------------------------------------------------------------------------- KDH29 739381 1289310 269 321.00 -55 315 - 321.00 ------------------------------------------------------------------------- KDH34 739316 1289377 267 165.10 -55 135 - 165.10 ------------------------------------------------------------------------- KKRC12 739351 1289341 267 100.00 -56 135 100.00 - ------------------------------------------------------------------------- KKRC13 739402 1289290 266 66.00 -57 135 66.00 - ------------------------------------------------------------------------- KKRC14 739148 1289544 274 80.00 -57 135 80.00 - ------------------------------------------------------------------------- KKRC15 739208 1289484 270 80.00 -55 135 80.00 - ------------------------------------------------------------------------- KRD32 739325 1289368 268 165.15 -56 315 54.00 111.15 ------------------------------------------------------------------------- KRD33 739280 1289412 268 245.25 -56 135 60.00 185.25 -------------------------------------------------------------------------
Under the guidelines of National Instrument 43-101, the qualified person for the Kiaka Gold 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.
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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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