Volta Commences 5,300m Drilling Program at its Toulfe Prospect, Titao Gold Project, in Northwestern Burkina Faso
TORONTO, Sep 21, 2011 (PR Newswire Europe via COMTEX News Network) --
TORONTO, September 21, 2011 /PRNewswire/ --
Volta Resources Inc. ("Volta" or the "Company") announces that it has commenced a reverse circulation ("RC") drilling program for a total of approximately 5,300 meters at its Toulfe prospect on the Titao 1 permit, which forms part of the 100% owned Titao gold project in northwestern Burkina Faso, West Africa (see Figure 1: https://files.newswire.ca/407/Volta_Figure_1_Sept_21.pdf). The current program will follow up the positive auger drilling results generated in 2010 and 2011 (see Volta News Release dated April 29, 2010).
Since the release of the results of Volta's auger drilling campaign in April 2010 additional auger drilling has been carried out over the Titao gold project in general and the Toulfe area in particular. To date over 2,040 auger holes have been drilled over the project, totaling more than 21,500m. Several gold anomalies have been identified throughout the project area, amongst which, to date, the northernmost tested target, the Toulfe prospect, is the most prominent. Auger drilling at Toulfe has defined a northwest trending, three (3) kilometer long, and up to 500m wide gold anomaly, where gold results for samples taken in saprolite at the base of the holes, regularly exceed 0.1g/t gold with several samples returning > 2g/t gold (see Figure 2: https://files.newswire.ca/407/Volta_Resources_Figure_2_Sept_21.pdf). The anomaly is open both to the northeast and southwest and is subject to some artisanal gold mining activity. The anomaly is coincident with a resistivity high defined by an induced polarization gradient array survey carried out in December 2010.
Kevin Bullock, Volta's CEO, said, "From a process that has taken us through acquisition, detailed geophysics and auger geochemistry we are delighted to be carrying out drilling on our first target within the Titao gold project discovered underneath masking transported cover."
The current scout drilling program will aim at testing the central part of the Toulfe auger anomalism over 1.8km of strike. This initial phase of drilling will provide more insight on the style of mineralization. More drilling, both infill and extension along strike, is planned at Toulfe in the latter part of 2011 after a thorough assessment of the results of the current campaign.
The Company is also pleased to announce that an exclusive exploration permit for the 184kmsquared Toulfe Nord property (see Figure 1: https://files.newswire.ca/407/Volta_Figure_1_Sept_21.pdf) has been granted by the Ministry in charge of mining in Burkina Faso to Volta's subsidiary, Wentworth Gold SARL. The property, adjacent the to Titao I permit extends the Titao gold project area towards the Northeast. It extends the propsective Toulfe prospect which is situated in the northernmost part of the Titao I permit. Intensive auger drilling and ground geophyisal surveys are planned to be carried out during the 2011-2012 exploration campaign which starts after the rainy season, sometime in October.
To be blunt, if you're selling this stock you're an idiot :) These guys are aggressive, multiple balls in the air, it's nothing but good moving forward and that ain't PUMPING.