TORONTO, Nov. 17 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announced today that it has commenced a 9 hole reverse circulation ("RC") and diamond drilling program for a total 750 metres on the Maména-Fofora prospect at its 100% owned Kampti III property in southern Burkina Faso, West Africa. This drilling program is part of a campaign of more than 4,000 metres (+40 holes) planned to be completed on the Kampti gold project, the Nassara gold target and a number copper-gold porphyry targets on the Gaoua project.
The drilling planned at Maména-Fofora follows an auger drilling program that successfully improved the definition and extended the significant mineralization intersected at Target Zone B in the previous RC drilling program announced by the Company on June 24, 2009. Target Zone B is one of 3 target zones within a 1.5 kilometer radius that have been drill tested so far.
Vic King, Volta's COO, said, "We are eager to pursue the promising results from the recently completed auger drilling program at Kampti. Volta has extended the identified strike length of Target Zone B at Maména-Fofora to approximately 1,200 metres. The current drilling program is designed to infill the existing drill pattern in order to better define the plunge and continuity of the high grade mineralization, as well as extend the RC drilled strike length from 300 metres to over 500 metres. The improved understanding of the geometry of the mineralization gained during the current program at Target Zone B will allow Volta to follow up other existing targets at Maména-Fofora and elsewhere on the Kampti III property more efficiently".
Highlights from drilling undertaken thus far on Target Zone B at the Maména-Fofora prospect included intersections of 41m @ 3.23g/t gold ("Au"), 5m @ 6.84g/t Au, 6m @ 4.28g/t Au, 8m @ 11.80g/t Au and 12m @ 6.72g/t Au (see Figure 1). The widths quoted here and indicated in Figure 1 are downhole lengths as true widths are not known at this stage. 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 internal dilution of 4 metres. Dry RC samples were riffle split to provide 2kg samples which were analyzed by ALS Chemex in Ouagadougou by fire assay on a 50g charge. All analyses complied with Volta's QAQC procedures which includes the insertion of certified standards and blanks.
Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua 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 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.
To view Figure No.1, please visit:
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.
SOURCE Volta Resources Inc.
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@example.com