Volta Reports Further Drill Results From its KiakaVolta Reports Further Drill Results From its Kiaka Gold Project, Burkina Faso
TORONTO, Jan. 6, 2011 (Canada NewsWire via COMTEX News Network) --
- Intersects 138.0 Meters at 1.13g/t Gold and 202.0 Meters at 0.87g/t Gold -
Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section from its 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| Easting | Northing |Elevation|Depth | Dip | Azimuth |RC | DD |
| ID| | | | | | | | |
|______|__________|___________|_________|______|_________|_________|___|______|
| | | | (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.