Volta Resources reports drilling results from its Gaoua copper-gold project in Burkina Faso



    TSX: VTR

    TORONTO, Oct. 30 /CNW/ - Volta Resources Inc. ("Volta" or the "Company")
(TSX:VTR) is pleased to report assay results from nineteen out of thirty-eight
diamond drill holes from its 2008 diamond drilling program at its Gaoua
copper-gold porphyry project in southern Burkina Faso, West Africa.
    In April 2008 an extensive diamond drilling program aimed at extending
the mineralization identified in 2007 at the Company's Gongondy and Dienemera
copper-gold porphyry prospects commenced (see News Release of May 07, 2008).
The diamond drill holes, ranging between 146 and 471m in length for a total of
11,306 metres, were completed at the end of August 2008.
    Over 22,500 metres of 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 prior to the end of the first quarter of
2009.
    At Gongondy, twenty three holes were completed for a total of
6,545 metres. The results for nineteen of the Gongondy holes have now been
received and have passed the Company's strict QA/QC protocols. The latest
results confirm that the highly anomalous copper-gold mineralization extends
further down-dip to the west. The additional drilling has also highlighted two
mineralized centers along strike to the north separated by a
post-mineralization intrusive gabbro body.
    Significant copper and gold mineralized intersections on the down-dip
extensions include: S44GON (129m @ 0.50% Cu and 0.52g/t Au); S49GON (66m @
0.39% Cu and 0.41g/t Au) and S56GON (55.5m @ 0.79% Cu and 0.56g/t Au). The
highly anomalous copper and gold mineralization is hosted by hydrothermally
brecciated diorites and andesites.
    Highlights of the mineralized drill intersections from this program are
listed in the table below.

    
    Table 1 : Main Copper - Gold Intersections

    -------------------------------------------------------------------------
    DDH        FROM(*)      TO(*)  INTERVAL(*)   Cu (%)   Au (g/t)     MID(*)
                   (m)        (m)        (m)                              (m)
    -------------------------------------------------------------------------
                   13         40         27       0.42       0.28          6
            -----------------------------------------------------------------
                  183        197         14       0.33       0.29          3
    S40GON  -----------------------------------------------------------------
                  332        358         26       0.38       0.43          5
            -----------------------------------------------------------------
                  378        391         13       0.31       0.27          2
    -------------------------------------------------------------------------
    S41GON        411        420          9       0.31       0.34          1
    -------------------------------------------------------------------------
    S42GON        136        156         20       0.36       0.37          3
    -------------------------------------------------------------------------
    S44 GON        86        110         24       0.41       0.42          2
            -----------------------------------------------------------------
                  152        166         14       0.34       0.36          2
            -----------------------------------------------------------------
                  259        388        129       0.50       0.52         11
            -----------------------------------------------------------------
            Incl. 259        300         41       0.43       0.52          5
            -----------------------------------------------------------------
            Incl. 311        388         77       0.60       0.56          4
    -------------------------------------------------------------------------
                  151        168         17       0.30       0.37          4
    S46GON  -----------------------------------------------------------------
                  190        228         38       0.81       0.56          2
    -------------------------------------------------------------------------
                  171        185         14       0.34       0.34          3
    S47GON  -----------------------------------------------------------------
                  237        255         18       0.30       0.26          3
    -------------------------------------------------------------------------
    S49GON        260        326         66       0.39       0.41          5
    -------------------------------------------------------------------------
                  128        154         26       0.36       0.33          5
    S54GON  -----------------------------------------------------------------
                  175        190         15       0.54       0.60          3
    -------------------------------------------------------------------------
                  224        243         19       0.27       0.24          4
            -----------------------------------------------------------------
    S56GON        267      322,5       55,5       0.79       0.56          4
            -----------------------------------------------------------------
            Incl. 284        310         26       1.27       0.84          0
    -------------------------------------------------------------------------
    (*) core 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.
    -   Internal dilution (less than 0.3 % Cu) has been carried out to a
        maximum of 5m except for the wider intervals hole S40GON and
        S44GON,where the maximum internal dilution (MID) is respectively 6
        and 11m.
    -   The above assay results 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.
    -   A number of holes (see table 2) were pre-collared with reverse
        circulation drilling. Dry 1m-interval samples were then riffle-split
        to provide 2 kg samples sent to the laboratory for the same
        processing and assaying as described above for the core samples.
    -   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 30 samples. The results for the
        reported holes have passed the Company's QA/QC protocols.
    

    Based on drilling to date, the post-mineralization intrusive gabbro body
mentioned above separates the mineralized zone at Gongondy into two distinct
blocks. The southern mineralized block has been significantly extended down
dip and to the west, as indicated in the aforementioned intersections in holes
S44GON, S49GON and S56GON as well as by the mineralized intervals tabled above
in holes S40GON (27m @ 0.42% Cu and 0.28g/t Au from 13m and 26m @ 0.38%Cu and
0.43g/t Au from 332m) and S41GON (9m @ 0.31%Cu and 0.34g/t Au). The
mineralized breccia clearly dips westward, extending beneath the similarly
westward dipping gabbro contact. Copper and gold mineralization has now been
defined by diamond drilling over a strike length of over 750m in this southern
block (see Figure No. 1)
    The northern block has been extended to the southeast and east by holes
S47GON (14m@ 0.34% Cu and 0.34g/t Au and 18m @ 0.3% Cu from 171m and 0.26g/t
Au from 237m) and S45GON (3m@ 0.53%Cu and 0.55g/t Au from 82m), before being
constrained further southeast by the gabbro. The results of hole S50GON,
drilled to extend this block further southward are still pending.
    Results for the remaining four holes drilled at Gongondy (S48GON, S50GON,
S52GON and S55GON) will be released once they have been received.

    
    Table 2: Drill Hole Locations for Holes Drilled at Gongondy in 2008

    -------------------------------------------------------------------------
                                                 Drill
              Location(*)                         Hole
    HOLE  -----------------  Azimuth     Dip    Length  RC pre-
    ID    EASTING  NORTHING (degrees) (degrees)    (m)  collar  Remarks
    -------------------------------------------------------------------------
    S40G   498930   1139250     90        55      400
    -------------------------------------------------------------------------
    S41G   499073   1139900     90        55      454      108
    -------------------------------------------------------------------------
    S42G   499130   1139450     90        55      306
    -------------------------------------------------------------------------
    S43G   499173   1140000     90        55    353.4
    -------------------------------------------------------------------------
    S44G   499030   1139350     90        55      402      102
    -------------------------------------------------------------------------
    S45G   499170   1140700     90        55    227.5
    -------------------------------------------------------------------------
    S46G   499200   1139750     90        55      267       96
    -------------------------------------------------------------------------
    S47G   499070   1140600     90        55    261.2
    -------------------------------------------------------------------------
    S48G   498763   1140700     90        55    267.3           Assay results
                                                                   pending
    -------------------------------------------------------------------------
    S49G   499030   1139450     90        55      384
    -------------------------------------------------------------------------
    S50G   498970   1140600     90        55      273           Assay results
                                                                   pending
    -------------------------------------------------------------------------
    S51G   499270   1140000     90        55      210
    -------------------------------------------------------------------------
    S52G   498930   1139350     90        55      471           Assay results
                                                                   pending
    -------------------------------------------------------------------------
    S53G   499230   1139650     90        55      200       85
    -------------------------------------------------------------------------
    S54G   499230   1139550     90        55    200.4       60
    -------------------------------------------------------------------------
    S55G   498830   1139250     90        55      384       66  Assay results
                                                                   pending
    -------------------------------------------------------------------------
    S56G   499070   1139650     90        55    322.5      150
    -------------------------------------------------------------------------
    S57G   499130   1139550     90        55    305.6      150
    -------------------------------------------------------------------------
    S58G   499070   1140500     90        55      156
    -------------------------------------------------------------------------
    S59G   499170   1140500     90        55      201
    -------------------------------------------------------------------------
    S60G   499073   1140300     90        55    202.5
    -------------------------------------------------------------------------
    S61G   499173   1140300     90        55    146.3
    -------------------------------------------------------------------------
    S62G   499320   1140500     90        55    150.9
    -------------------------------------------------------------------------
    (*) Datum WGS84, coordinates as planned, final coordinates to be surveyed
        and confirmed.
    

    Drilling will resume shortly at Gongondy to complete two holes curtailed
by the onset of the rainy season in August. One hole will be drilled in an
area covered largely by historical holes, while the second will test the
southward extension of the copper and gold mineralization 100 metres south of
S40GON.
    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 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.

    
    FIGURE 1
    --------

    Souhouera Permit
    Gongondy Prospect: Location of Drillholes

    http://files.newswire.ca/407/Volta_Gongondy.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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