Voltalia Ord Shs VLTAF

NEWS

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This story is unfolding right before our eyes......Volta is headed in the right direction and their shares look extremly undervalued.


HIGHLIGHTS of Previous news releases

November 13, 2009
Volta Closes Transaction On The Advanced Kiaka Gold Project In Burkina Faso With Randgold Resources

  Kevin Bullock, Volta's President and CEO, said, "The acquisition of the advanced Kiaka gold project is Volta's most important development to date. We will now aggressively explore the Kiaka deposit in order to move the project toward a development decision in the shortest possible timeframe. To facilitate this, a NI43-101 compliant resource estimate is planned to be completed by the end of the second quarter of 2010. We are also delighted to now have Randgold, one of the world's fastest growing gold miners, as a major shareholder in Volta."


The Kiaka gold project lies at the intersection of the northeast striking Tenkodogo greenstone belt and the regionally significant north striking Markoye Fault, in whose proximity some of the larger gold resources discovered in Burkina Faso so far, have been discovered. These include Iamgold's Essakane deposit (5.1 M oz), High River Gold's Taparko deposit (1.7 M oz), Orezone's Bombore deposit (2.1 M oz) and Etruscan's Youga deposit (1.5 M oz)..The Kiaka exploration permit covers an area of 244km2

Diamond and RC drilling previously undertaken by Randgold on sections spaced from 80m to 400m apart, has already defined two significant mineralized zones; the Kiaka Main Zone (KMZ) and the Kiaka Hangingwall South Zone (KHZ). The KMZ is a 2,800 metre long, steeply dipping, NE striking mineralized dilation structure with numerous intersections exceeding 100m at >1g/t. Significantly, there are discrete higher grade zones within this well mineralized envelope that are associated with more intense deformation and alteration, which suggests good continuity. The KHZ is a 650 meter long N to NE striking mineralized structure, which is generally narrower but higher grade than the KMZ. Some of the better intersections from these two zones are:

172.0 metres @ 1.32 g/t gold from 46.0 metres depth
122.0 metres @ 2.00 g/t gold from 147.0 metres depth
82.0 metres @ 1.55 g/t gold from surface
208.0 metres @ 1.46 g/t gold from 30.0 metres depth
45.0 metres @ 2.62 g/t gold from 114.0 metres depth
70.0 metres @ 1.12 g/t gold from 191.0 metres dept


There are several other mineralized upside targets identified by soil sampling, pitting and RAB drilling within the immediate proximity of KMZ and KHZ, as well as 5 regional targets, that lie within analogous mineralized environments to the Kiaka Main area, within the property. These targets represent significant additional upside on the property that remain to be tested in future drilling programs.

April 14, 2010
Volta Reports More Wide Gold Intercepts at its Kiaka Gold Project in Burkina Faso Including 120.5m @ 0.94g/t Au and 62.24m @ 2.25g/t Au Including 19m @ 4.62g/t Au


Kevin Bullock, Volta's CEO, said, "These additional exceptional results not only further validate Randgold's historical results, they also further support our emerging new model of Kiaka that is outlining a new understanding of the mineralization. In particular, we continue to enhance the interpretation of discrete higher grade zones within the broad mineralized lower grade envelope that can be traced from hole to hole and from section to section. Kiaka is an ideal project in that as we drill more we are discovering more nuances that suggest more robust structures than those originally interpreted."

Section 5450N is 50 meters south of Section 5550N, the results for which were released in March 2010.The results for all the holes on Section 5550N (100 meters to the north of the current section) have been received by Volta and are currently being processed. Consequently, another press release will follow shortly to present these results.

Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the >700m long KHZ zone. The program will infill and extend drilling on the Central Area such that the KMZ zone is drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to 200m depth.

Due to new geophysical Information, the company has decided that it would be better to drill a series of long cross sections across the South Area instead of infill drilling. This will mean that the South Area will not contribute to Volta's NI43-101 resource estimate scheduled for the end of June 2010. 

April 29, 2010
Volta Identifies Large Gold Anomalies at its Titao Gold Project in Burkina Faso, West Africa

Kevin Bullock, Volta's CEO, said, "These results further enhance our confidence and enthusiasm in the mineral potential of the Titao area. Based on these results we will plan a next stage drilling campaign. These results also underscore that in addition to our flagship Kiaka gold project, we have a strong portfolio of other gold projects that we strongly believe have the quality to host sizeable gold deposits and we will continue to systematically test their potential.

April 30, 2010
Volta Resources Intersects 190 Meters at 0.95 g/t Gold at its Kiaka Gold Project in Burkina Faso


Kevin Bullock, Volta's CEO, said, "We have been moving steadily north during our drill campaign and we are pleased to see that as we do, we continue to intercept impressive widths of mineralization, including the higher grade zoning. The deposit remains open to the north and south and we look forward to reporting results from south of section 5250 as soon as they are received from the laboratories."

 To date, assay results have been received for nine sections drilled between 5250N and 5700N and covering 450m of strike of the central portion of the Central Area. All sections were well mineralized and consistently include, as listed in the News Release of 21 April, 2010, very wide intersections comprising discrete higher grade zones. While drilling proceeds further north, the Company has also started drilling south of section 5250N. Results for both sections further north of 5700N and south of 5250N are awaited and will be reported as soon as available.

Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone in the Central Area. The program will infill and extend drilling on the Central Area such that the KMZ zone is drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to 200m depth. Volta intends to complete the program by the middle of May 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010.

May 04, 2010
Volta Receives New Positive Geophysical Results for the South Area at the Kiaka Gold Project


Kevin Bullock, Volta's CEO, said, "We are excited that these geophysical results show structural relationships similar to those already confirmed by drilling the KMZ in the Central Area. These results define an excellent target for wide zones of mineralization and offer the potential of expanding the overall deposit. In addition to delivering the NI43-101 compliant resource estimate scheduled for June 2010 at the Central Area, we will also be testing this new potential in the south area."

A composite geophysical image clearly highlights that most of the mineralization identified so far at the Kiaka deposit is contained between two, well-defined, NE trending "tram track" structures. Furthermore, the wide zone of mineralization, confirmed by our drilling in the Central Area, coincides with north trending cross structures and magnetic highs. This pattern is repeated in the South Area and to the north (see figure 1). The swing of the mineralization from a NE trend to a N-S trend, suggested by previous work, is not supported by the latest data or recent field observations.

The original 150 hole (~22,000m) drill program planned for the current phase has now been modified in order to drill test the large South Area target. It will comprise:

• Central Area (KMZ) - approximately 110 holes for 17,500m (just under 15,000m completed)
• South Area (KMZ) - approximately 14 holes for 1,500m

The Company is on track to complete the drilling that will be used in the NI-43-101 compliant resource estimation for the Central Area in May, providing sufficient time for assays to be returned and the resource modeling to be completed before the end of June.


You have to be impressed how this company has continued to stick to their plans and continues to deliver " results for shareholders"...solid management and a very promising portfolio of properties..This stock has increased in value over 700% YTD.