Another Burkina Faso playerVolta Resources drills 219 m of 0.9 g/t Au at Kiaka
2010-03-31 08:56 ET - News Release
Mr. Kevin Bullock reports
VOLTA CONTINUES TO REPORT WIDE GOLD INTERCEPTS AT ITS KIAKA GOLD PROJECT IN BURKINA FASO INCLUDING 219M @ 0.90G/T AU AND 90.90M @ 1.06G/T AU
Volta Resources Inc. is releasing 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, 72 holes (about 11,810 metres) have been completed of a program comprising more than 150 holes (greater than 22,000 metres). So far results have been received for 48 holes, with this news release covering the latest seven holes, which are all located on Section 5500N. The highlights from this section include:
- KRD42: 133 metres of 0.72 gram per tonne gold, including 3.1 m of 1.69 g/t Au and seven m of 1.69 g/t Au;
- KRD43: 219 m of 0.90 g/t Au, including four m of 4.35 g/t Au and 16 m of 1.60 g/t Au;
- KDH41: 10 m of 1.81 g/t Au and nine m of 1.44 g/t Au;
- KDH49: 90.90 m of 1.06 g/t Au, including 23 m of 1.33 g/t Au and 4.05 m of 2.43 g/t Au and nine m of 1.49 g/t Au;
- KKRC27: 12 m of 1.31 g/t Au, including five m of 2.70 g/t Au (ended in mineralization).
Kevin Bullock, Volta's chief executive officer, said: "These infill drilling results confirm the very wide intersections encountered in previous sections drilled at the Kiaka central area and provide further evidence for our upcoming initial resource estimate. In addition, we are able to trace discrete higher-grade zones within the broad mineralized low-grade envelope from hole to hole and from section to section suggesting numerous opportunities to broaden the potential outlined by the historical drilling done at Kiaka."
In order to appreciate the extent and geometry of the mineralization on the 5500N section, the results for the intersections for these holes are highlighted in the accompanying table. Analyses of the Volta samples were undertaken by fire assay on a 50-gram charge at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and assay procedures included quality assurance/quality control elements that employed the inclusion of certified standards and blanks.
HIGHLIGHTS OF GOLD INTERSECTIONS FROM SECTION 5500NHole ID From To Interval Grade m m m g/t AuKKRC26 59.00 97.00 38.00 0.81Including 60.00 63.00 3.00 1.88Including 89.00 93.00 4.00 3.96KKRC25 26.00 34.00 8.00 0.74Including 31.00 34.00 3.00 1.00 and 73.00 89.00 16.00 0.66Including 82.00 86.00 4.00 1.82KRD42 2.10 12.10 10.00 0.54 and 47.10 84.10 37.00 0.56Including 72.10 75.10 3.00 1.33 and 109.00 242.00 133.00 0.72Including 125.00 128.10 3.10 1.69Including 131.00 141.00 10.00 1.09Including 169.00 174.00 5.00 1.45Including 202.00 205.00 3.00 1.18Including 214.00 221.00 7.00 1.69KRD43 0.00 219.00 219.00 0.90 Including 3.50 26.50 23.00 1.11Including 52.50 82.50 30.00 1.39Including 111.00 127.00 16.00 1.60Including 145.00 158.00 13.00 1.30Including 168.00 172.00 4.00 4.35Including 177.00 183.00 6.00 1.02KDH41 25.00 66.25 41.25 0.86Including 33.00 47.00 14.00 1.32Including 51.00 61.25 10.25 0.80 and 133.00 213.05 80.05 0.78Including 151.00 161.00 10.00 1.81Including 181.00 200.00 19.00 1.44KRD49 10.10 101.00 90.90 1.06Including 13.10 36.10 23.00 1.33Including 39.10 64.10 25.00 1.22Including 89.95 94.00 4.05 2.43 and 131.25 158.00 26.75 0.94Including 137.00 141.00 4.00 1.27Including 145.00 154.00 9.00 1.49KKRC27 0.00 54.00 54.00 0.54Including 48.00 52.00 4.00 1.12 and 88.00 100.00 12.00 1.31 Including 88.00 93.00 5.00 2.70Notes: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 fivem for the lower-grade mineralization envelope(increased to 5.4 m for KDH43).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 two m has been used. No top cut has been applied.4) The intersections listed in the table represent sections of at least three m in excess of one g/t Au and/or sections of at least 10 m in excess of 0.5 g/t Au.5) The intersections also represent sections drilled by reverse circulation (RC) and/or cored drilling.6) The RC portions of the drill holes were sampled at one m intervals. Dry samples were riffle split to provide two-kilogram 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 50 g 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.
The assay results of drill hole KDH46, which has been drilled on the 5500N section, have not yet been received from the laboratory. Volta's current drill program will test 1,200 m strike of the 2,800 m long KMZ zone and 500 m of the (greater than) 700 m long KHZ zone. The program will infill and extend drilling on the central area such that the KMZ zone is drilled to 50 m by 50 m spacing from surface to 150 m and 100 m by 50 m from 150 m to 200 m depth. The company is currently reviewing initial data from the first four holes drilled to intersect the KHZ zone in the south area. Initial results suggest that it would be better to drill a series of long cross-sections across the south area instead of infill drilling here to add to the NI 43-101-compliant resources that will be derived for the central area. The drill program has been optimized with input from SRK Consulting (U.K.) to ensure that the delivery of the independent resource consultant's NI 43-101-compliant resource is delivered before the end of June, 2010.
Under the guidelines of National Instrument 43-101, the qualified person for the Kiaka gold project is 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.