Volta's NassaraThe results from Volta's drilling at Nassara are similar to high grade near surface results from Ampella's N.R. this morning. See Nassara grades from August 12, 2010 Volta news release below.
- NRC6 : 11.0 m @ 2.18 g/t gold, from 38.0 m
- NRC7 : 8.0 m @ 2.10 g/t gold, from 32.0 m
- NRC14: 5.0 m @ 6.50 g/t gold, from 47.0 m
- NRC17 : 13.0 m @ 0.96 g/t gold, from 32.0 m
- NRC26 : 19.0 m @ 2.22 g/t gold, from 2.0 m
- NRC31 : 9.0 m @ 11.15 g/t gold, from 51.0 m
Kevin Bullock, Volta's CEO, said, "These results amply confirm our decision to target the shear zone identified in the first phase of trenching and drilling. We are encouraged by the grades, the solid widths and by the presence of mineralization starting near surface
Volta's property is 50 kilometres from the Konkera site where Ampella is experiencing great results. In Volta's website there is no hesitation in pointing out the similarity of geological patterns to Konkera that Volta has on at least two sites.
Ampella's share price has been on a tear, and rightly so, due to developments at Konkera. Ampella has other properties as well, but when you examine the portfolio of properties and projects between the two companies, Volta's is clearly much more extensive and IMHO superior to Ampella's. In addition, I note a commentator from Australia has pointed out that when Australian gold miners get re-listed on a North American exchange the share price consistently experience a re-rating to a higher value. In other words the share price value assigned to an Australian listed miner is lower than the share price value assigned to a North American miner. Taking into account all of the above, Volta is significantly undervalued relative to Ampella.
We are in the early stages of exploration at Nassara. The growth our company achieved with its development of Kiaka can be repeated if not exceeded in the coming year with Nassara. Nassara is clearly a game changer!