Volta reports additional positive results from TarVolta reports additional positive results from Target Zone B at the Maména-Fofora prospect at Kampti in SW Burkina Faso
TSX: VTR
https://www.newswire.ca/en/releases/archive/February2010/11/c8978.html
TORONTO, Feb. 11 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announced today results from its recently completed short drilling program comprising 10 holes for 921 meters on the Maména-Fofora prospect at its 100% owned Kampti III property in southern Burkina Faso, West Africa. Highlights include intersections of 3m @ 3.06g/t Au, 6m @ 2.49 g/t Au, 4m @ 2.11g/t Au, 17m @1.14g/t Au and 4m @ 1.53g/t Au (see Figure 1).
The campaign included nine Reverse Circulation ("RC") drill holes and one diamond drill core ("DD") hole. The objective of the program was to improve the definition and extension of the mineralization intersected at Target Zone B in the previous RC drilling program (See News Release of June 24, 2009) and auger program (see News Release of November 17, 2009). Target Zone B is one of 3 target zones within a 1.5 kilometer radius that have been drill tested so far on the Maména-Fofora prospect at Kampti.
Drilling has confirmed the presence of gold mineralization in the target area, with most holes intersecting anomalous gold values ((greater than)0.25g/t Au) over multiple zones for more than 500m of strike. Highlights of the results are presented in the table below.
Kevin Bullock, Volta's President and CEO, said, "These results have added to our evolving model for mineralization at Kampti. Since these results have confirmed our view of the mineralization inherent in Target Zone B, we will now direct our activities toward several other regional targets at Kampti in order to extrapolate our model and to enhance the Kampti project's overall potential."
Table 1: Target Zone B - Intersection highlights
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HOLE ID FROM TO INTERVAL Grade MID REMARK
m m m g/t Au m
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KRC86 9 18 9 0.72 2
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27 41 14 0.83 3
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46 69 23 0.89 4
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52 69 17 1.14 1
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KRC87 72 81 9 0.87 2 halted in mineralization
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KRC88 60 62 2 1.68 0
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KRC89 0 13 13 0.63 2
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22 36 14 0.33 0 No sample from 20-22 and
25-30m due to artisanal pits
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KRC90 74 78 4 1.53 1
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KRC93 26 31 5 0.82 1
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S1KT 95 99 4 2.11 0
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110 116 6 2.49 2
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144 151 7 0.71 2 halted in mineralization
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KRC94 67 81 14 0.58 3
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75 79 4 1.18 0
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129 132 3 3.06 0
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NOTES:
1) Intervals are core length. True width is unknown at this time.
2) 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 of 3m except in KRC86 where the maximum internal dilution (MID)
is 4m. The 0.25 g/t Au cut-off best expresses the lower-grade envelope in
which the high-grade mineralized systems occur
3) The intersections listed in the table represent sections of at least
2m in excess of 1g/t Au and/or sections of at least 5m in excess of
0.5g/t Au.
4) Dry RC 1m-interval samples were riffle-split to provide 2 kg samples
sent to the laboratory. Wet samples were dried in the field, then riffle-
split in the same way.
The core hole S1KT was 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 the laboratory
5) Samples were sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
6) Standards were inserted every 15 samples, field duplicates (in the RC
holes only) about every 25 and blanks about every 35 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.
Table 2: Drill hole locations for holes drilled at Kampti in the
latest campaign
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HOLE ID* UTM_X(xx) UTM_Y(xx) AZIMUTH DIP ELEVATION(xxx) DEPTH (m)
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KRC86 446510 1123100 270 -55 369 80
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KRC87 446550 1123100 270 -55 367 82
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KRC88 446610 1123900 270 -55 348 78
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KRC89 446575 1123900 270 -55 348 75
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KRC90 446645 1122700 270 -55 369 78
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KRC91 446615 1122700 270 -55 370 90
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KRC92 446675 1122600 270 -55 368 75
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KRC93 446590 1123100 270 -55 366 72
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S1KT 446575 1122990 270 -55 370 151
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KRC94 446520 1123150 270 -55 367 140
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* All holes are reverse circulation drill holes, except S1KT which is
a cored hole, drilled in HQ diameter.
(xx) Datum UTM WGS84 - Zone 30, coordinates as planned, final
coordinates to be surveyed and confirmed.
(xxx) Elevation as deducted from the existing topographical maps, final
elevation to be surveyed and confirmed
This phase of drilling suggests mineralization comprises a plunging higher grade zone with multiple parallel reefs within a broader mineralized envelope. The next step at Kampti will entail pursuing several other prospects outside of Maména-Fofora which show mineralization being exploited by artisanal workers in similar structural settings as drilled at Target Zone B.
Under the guidelines of National Instrument 43-101, the qualified person for the Kampti 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.