Volta reports more positive gold results from trenches at Nassara gold
prospect in southern Burkina Faso
-Results lead to newly planned drill program-
TSX: VTR
An additional 4 trenches have been completed to follow up the outstanding intersection in the first trench TR1, where Volta identified a mineralized interval of 44 meters at 1.82g/t Au including 20.5 meters at 3.56g/t Au (see Volta's press release dated
Vic King, Volta's COO, said, "The latest trench results confirm that the Nassara prospect is a significant gold target and, along with recently published results from Ampella Mining's Konkera prospect, point to the southern Boromo Belt emerging as another significant Birimian gold camp in West
Table 1: Trench highlights. ------------------------------------------------------------------------- Trench Interval Number From (m) To (m) (m) Au (g/t) Comments ------------------------------------------------------------------------- Previously reported TR1 -4.0 12.0 16.0 0.58 trench --------------------------------------------- 65.0 109.0 44.0 1.82 --------------------------------------------- Including 71.5 92.0 20.5 3.56 ------------------------------------------------------------------------- 200m north of TR1 15 - 17m not sampled due to TR2 12 15 3 2.04 artisanal workings ----------------------------------------------------------------- Note : 74-90m not sampled due to high 48 55 7 0.33 ground water level ------------------------------------------------------------------------- TR3 21 28 7 0.36 400m north of TR1 ------------------------------------------------------------------------- TR4 85 97 12 1.31 100m south of TR1 --------------------------------------------- Including 93 97 4 2.28 ------------------------------------------------------------------------- TR5 59 68 9 1.01 200m south of TR1 --------------------------------------------- Including 61 66 5 1.32 ------------------------------------------------------------------------- NOTES: 1) Intersections are based on a 0.2 g/t Au cut-off with no top cut applied. Internal dilution (less than 0.2 g/t Au) has been applied to a maximum of 1m, except for the mineralized interval of 44m in TR1 where dilution has been carried to 3m.The true width is not known. 2) Dry samples were collected at 0.5 to 1m intervals. These were riffle- split to provide 2 kg samples sent to the laboratory. Wet samples were dried in the field and similarly riffle-split. 3) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge. 4) Standards were inserted every 15 samples, blanks every 30 samples and field duplicates about every 20 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.
The Nassara prospect is located in the southwestern corner of the Danyoro permit, one of the three contiguous permits held by Volta, which together comprise the Gaoua project. The prospect was initially identified during soil geochemical surveys, where extensive gold-in-soil anomalism over more than 4 kilometers was found to be coincident with a distinctive northwest striking airborne magnetic lineament (see Figure 2 - http://files.newswire.ca/407/VoltaFigures123.doc). A ground magnetic survey and an initial gradient array induced polarization survey ("IP") have also clearly outlined the target (see Figure 3 - http://files.newswire.ca/407/VoltaFigures123.doc).
Trenching has now outlined the first drill ready target at Nassara and the company will shortly commence a 4 hole scout RC drilling program comprising about 360 metres to confirm the trench intersections and add to the understanding of the continuity and geometry of the gold mineralization.
The company will also be trenching several other low-lying "whaleback" ridges along strike that appear to be coincident with similarly enhanced gold anomalism. In addition, the soil geochemical grid is being extended to the north and south to cover the full 10 kilometers of strike highlighted by extensions of the magnetic lineament. Volta will also begin follow up at Gomblora, a similar gold prospect being exploited by artisanal miners, located on a parallel structure approximately 12 kilometers to the northeast on Volta's ground (See Figure 1 - http://files.newswire.ca/407/VoltaFigures123.doc).
Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua 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: 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: [email protected]
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