RE: Drill news just out!!!GlobeinvestorGOLD.com Company News Alert for Volta Resources
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Volta Reports Further Drill Results From its Kiaka Gold Project, Burkina Faso
Canada NewsWire
- Intersects 138.0 Meters at 1.13g/t Gold and 202.0 Meters at 0.87g/t
Gold -
TORONTO,Jan. 6 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces the drill results from the next completed section fromits
on-going drilling program comprising more than 250 holes for
approximately 50,000 meters in the Central Area at its Kiaka Gold
Project in Burkina Faso (see News Release of 22 September 2010).
Results have been received for all 4 holes located on Section 5350N (See
Figure 1), some 25m NE of previous released section 5325N (see News
Release of 15 December 2010). These holes are aimed at infilling the
main deposit defined so far in the Central Area to 25m x 50m drill
spacing and to extend the drilling depth down another 100 vertical
meters from its current 200m level. The highlights from this section
include:
- KDH153: 202.00m @ 0.87 g/t Au, including 14.55m @1.94 g/t Au
- KDH158: 138.05m @ 1.13 g/t Au, including 20.00m @ 1.78 g/t Au AND
- KDH158: 33.00m @ 1.07 g/t Au, including 5.00m @ 1.87 g/t Au
- KDH156: 16.00m @ 1.04 g/t Au, including 6.70m @ 1.95 g/t Au
Kevin Bullock, Volta's President & CEO said, "We continue to be
impressed by the sheer size of the Kiaka deposit. At the outset of
this second drill campaign our goal was to maintain our previously
realized grades and widths in the current infill drilling and to
demonstrate similar results in our new deeper holes. So far, we have
been consistently exceeding our expectations. We look forward to
incorporating these and upcoming results into our next updated resource
estimate, which we anticipate will be complete sometime in the second
quarter."
The four reported holes on Section 5350N have extended the
mineralization, tested by the Company and Randgold during previous
campaigns on this section (see News Release of 19 January 2010), to a
vertical depth of over 300 meters and have increased its width in
excess of 200 meters to the KMZ zone.
Results for the holes are highlighted in Table 1 and in Figure 2.
Analyses of the Volta samples were undertaken by fire assay on a 50g
charge at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and
assay procedures included QA/QC elements that employed the inclusion of
certified standards and blanks.
Table 1: Highlights of gold intersections for Section 5350N
BHID
FROM
TO
INTERVAL
Au g/t
COMMENTS/REMARKS
KDH153
19.80
23.00
3.20
6.71
20.5-21.2m = 18.27g/t Au
AND
93.00
96.00
3.00
5.66
93.0-94.0m = 16.10g/t Au
AND
103.00
138.00
35.00
0.55
INCL
132.10
138.00
5.90
1.26
AND
154.00
195.15
41.15
0.97
INCL
154.00
178.00
24.00
1.34
INCL
190.00
193.00
3.00
1.00
AND
215.00
417.00
202.00
0.87
INCL
215.00
222.85
7.85
1.32
INCL
227.60
240.00
12.40
1.19
INCL
260.00
267.00
7.00
1.02
INCL
274.00
278.00
4.00
1.03
INCL
283.00
310.00
27.00
1.11
INCL
320.00
339.00
19.00
1.22
INCL
343.10
357.65
14.55
1.94
357.0-357.65m = 10.85g/t Au
INCL
405.00
410.00
5.00
1.34
KDH158
0.50
19.00
18.50
1.08
INCL
1.00
10.00
9.00
1.83
AND
31.00
78.00
47.00
0.58
INCL
69.00
78.00
9.00
1.07
AND
122.00
125.00
3.00
1.38
AND
203.70
341.75
138.05
1.13
INCL
217.00
227.70
10.70
1.50
INCL
231.00
268.00
37.00
1.73
INCL
272.00
292.00
20.00
1.78
INCL
296.00
299.75
3.75
1.90
INCL
306.20
309.30
3.10
1.01
AND
358.00
391.00
33.00
1.07
ENDED IN MINERALIZATION
INCL
358.00
362.00
4.00
1.17
INCL
368.00
381.00
13.00
1.19
INCL
385.00
390.00
5.00
1.87
KDH154
152.00
162.00
10.00
0.63
INCL
159.00
162.00
3.00
1.57
AND
176.10
204.00
27.90
0.44
ENDED IN MINERALIZATION
KDH156
43.00
68.00
25.00
0.70
AND
116.00
132.00
16.00
0.62
AND
152.00
168.00
16.00
1.04
INCL
158.00
164.70
6.70
1.95
Notes on Tables 1:
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 (MID) of 5m for the lower grade mineralization
envelop.
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 2m has been used. No
top cut has been applied.
4) The intersections listed in the table represent sections of at least
3m in excess of 1g/t Au and/or sections of at least 10m in excess of
0.5g/t Au (decreased to 0.44g/t in hole KDH154 as the hole was halted
in mineralization).
5) The intersections represent sections drilled by core drilling only
(see Table 2).
6) The cored 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 50g charge.
8) Certified standards were inserted every 15 samples, field duplicates
(in the RC portions) 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.
TABLE 2: Borehole collar coordinates and orientation parameters for
Section 5350N
Hole ID
Easting
Northing
Elevation
Depth
Dip
Azimuth
RC
DD
(m)
(m)
(degrees)
(degrees)
(m)
(m)
KDH153
739243.530
1289517.211
270.98
430.00
-60
135
-
430.00
KDH154
739174.276
1289587.776
274.18
204.00
-55
135
-
204.00
KDH156
739313.133
1289446.455
268.95
202.05
-55
315
-
202.05
KDH158
739456.326
1289305.105
264.37
391.00
-60
315
-
391.00
Under the guidelines of National Instrument 43-101, the qualified person
for the Kiaka Gold 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 currently fast-tracking its
flagship Kiaka Gold Project, located in Burkina Faso, towards a
development decision.
Forward Looking Information Caution:
This press release presents "forward-looking statements" within the
meaning of Canadian securities legislation that involve inherent risks
and uncertainties. Forward-looking statements include, but are not
limited to, statements with respect to the future price of gold and
other minerals and metals, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the capital
expenditures, costs and timing of the resources, the realization of
mineral reserve estimates, the capital expenditures, costs and timing
of the development of new deposits, success of exploration activities,
permitting time lines, currency exchange rate fluctuations,
requirements for additional capital, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage.
Generally, these forward-looking statements can be identified by the
use of forward looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements
are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of Volta to be materially different from those expressed
or implied by such forward looking statements, including but not
limited to: risks related to international operations, risks related to
the integration of acquisitions; risks related to joint venture
operations; actual results of current exploration activities; actual
results of current or future reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue
to be refined; future prices of gold and other minerals and metals;
possible variations in ore reserves, grade or recovery rates; failure
of equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; and delays in
obtaining governmental approvals or financing or in the completion of
development or construction activities. Although the management and
officers of Volta believe that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions and
have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Volta Resources does not undertake to
update any forward-looking statements that are incorporated by
reference herein, except in accordance with applicable securities laws.
Click
https://files.newswire.ca/407/volta-maps.doc to view Figure 1: MAP SHOWING LOCATION OF REPORTED HOLES (Section 5350N)
and Figure 2: SECTION 5350N