VOLTA INTERSECTS 174.35 m @ 1.01 g/t GOLD, INCLUDIVOLTA INTERSECTS 174.35 m @ 1.01 g/t GOLD, INCLUDING 7 m @ 2.28 g/t GOLD AT ITS KIAKA GOLD PROJECT IN BURKINA FASO
5/31/2011 8:49 AM - Canada NewsWire
TORONTO, May 31, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
- Also 137.85 m @ 1.12 g/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 6 holes located on section 5650N (Figure 1), located 50m north of previous released section 5600N (see News Release of May 24(th) 2011). The highlights from current results on this section include:
-- KDH216 : 137.85 m @ 1.12 g/t Au, including 16.0 m @ 1.44 g/t
Au AND
-- KDH216 : 26.20 m @ 1.03 g/t Au, including 8.0 m @ 2.12 g/t
Au
-- KDH217 : 12.00 m @ 1.94 g/t Au, including 7.0 m @ 3.14 g/t
Au
-- KDH219 : 174.35 m @ 1.01 g/t Au, including 7.0 m @ 2.28 g/t Au
-- KDH220 : 65.00 m @ 1.13 g/t Au, including 12.0 m @ 1.67 g/t
Au AND
-- KDH220 : 93.00 m @ 1.07 g/t Au, including 11.0 m @ 2.69 g/t
Au AND 9.0 m @ 2.83 g/t Au AND
-- KDH220 : 31.00 m @ 1.23 g/t Au, including 22.35 m @ 1.45 g/t
Au
-- KRD222 : 17.00 m @ 2.05 g/t Au,
-- KDH223 : 50.00 m @ 1.32 g/t Au
Kevin Bullock, Volta's CEO, said, "We are encouraged that we have demonstrated consistent mineralization beyond 400 metres depth - considerably deeper than our initial goal of 300 metres. Today's results are a portion of the results to be used in the upcoming NI 43-101 resource update due out at the end of June."
Holes KDH216 and KDH219 of section 5650N have extended the deposit down to a vertical depth exceeding 400m. Hole KDH220 intersected the KMZ mineralization discontinuously (allowing for a maximum internal dilution of 9m) over a length of 253m, with an average grade of 0.98 g/t Au. The KMZ spans a width of 200m on section 5650N. Holes KDH223, KRD222, and KDH217 have intersected mineralization in the Kiaka Hangingwall Zone (KHZ).
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 5650N
_____________________________________________________________________
|BHID |FROM (m)|TO (m)|INTERVAL (m)|Au (g/t)| COMMENTS |
|______|________|______|____________|________|________________________|
|KDH216| 27.00| 54.00| 27.00| 0.87|27.0-28.0m = 12.85g/t Au|
|______|________|______|____________|________|________________________|
|AND | 159.00|162.00| 3.00| 1.38| |
|______|________|______|____________|________|________________________|
|AND | 223.00|226.00| 3.00| 1.03| |
|______|________|______|____________|________|________________________|
|AND | 251.00|388.85| 137.85| 1.12| |
|______|________|______|____________|________|________________________|
| INCL.| 319.00|335.00| 16.00| 1.44| |
|______|________|______|____________|________|________________________|
| INCL.| 338.00|388.85| 50.85| 1.40| |
|______|________|______|____________|________|________________________|
|AND | 398.80|495.00| 96.20| 1.03|433.5-434.2m = 17.29 g/t|
| | | | | | Au|
|______|________|______|____________|________|________________________|
| INCL.| 412.00|416.00| 4.00| 1.86| |
|______|________|______|____________|________|________________________|
| INCL.| 463.00|471.00| 8.00| 2.12| |
|______|________|______|____________|________|________________________|
| INCL.| 482.75|488.00| 5.25| 3.11|487.0-488.0m = 12.25g/t|
| | | | | | Au|
|______|________|______|____________|________|________________________|
|AND | 510.85|533.20| 22.35| 0.81| ENDED IN MINERALIZATION|
|______|________|______|____________|________|________________________|
| INCL.| 516.00|524.00| 8.00| 1.63| |
|______|________|______|____________|________|________________________|
|KDH217| 172.00|184.00| 12.00| 1.94| 172.0-173.0m = 16.70g/t|
| | | | | | Au|
|______|________|______|____________|________|________________________|
| INCL| 172.00|179.00| 7.00| 3.14| |
|______|________|______|____________|________|________________________|
|AND | 199.80|207.00| 7.20| 2.08| 204.0-205.0m = 13.70g/t|
| | | | | | Au|
|______|________|______|____________|________|________________________|
|KDH219| 7.40| 28.00| 20.60| 0.63| |
|______|________|______|____________|________|________________________|
|AND | 117.00|131.00| 14.00| 0.58| |
|______|________|______|____________|________|________________________|
| INCL| 117.00|121.00| 4.00| 1.03| |
|______|________|______|____________|________|________________________|
|AND | 210.00|384.35| 174.35| 1.01| |
|______|________|______|____________|________|________________________|
| INCL| 251.00|262.00| 11.00| 1.63| |
|______|________|______|____________|________|________________________|
| INCL| 280.00|316.00| 36.00| 1.24| |
|______|________|______|____________|________|________________________|
| INCL| 320.00|327.00| 7.00| 2.28| |
|______|________|______|____________|________|________________________|
| INCL| 330.00|357.10| 27.10| 1.65| |
|______|________|______|____________|________|________________________|
| INCL| 364.00|384.35| 20.35| 1.07| |
|______|________|______|____________|________|________________________|
|AND | 444.55|480.00| 35.45| 0.80| |
|______|________|______|____________|________|________________________|
| INCL| 445.30|462.70| 17.40| 1.10| |
|______|________|______|____________|________|________________________|
|KDH220| 97.00|162.00| 65.00| 1.13| |
|______|________|______|____________|________|________________________|
| INCL| 97.00|118.00| 21.00| 1.29| |
|______|________|______|____________|________|________________________|
| INCL| 121.00|127.00| 6.00| 1.13| |
|______|________|______|____________|________|________________________|
| INCL| 131.00|134.90| 3.90| 1.72| |
|______|________|______|____________|________|________________________|
| INCL| 140.00|152.00| 12.00| 1.67| |
|______|________|______|____________|________|________________________|
| INCL| 157.00|161.40| 4.40| 1.71| |
|______|________|______|____________|________|________________________|
|AND | 168.65|209.00| 40.35| 0.91| |
|______|________|______|____________|________|________________________|
|INCL | 170.00|184.00| 14.00| 1.68| |
|______|________|______|____________|________|________________________|
|AND | 218.00|311.00| 93.00| 1.07| |
|______|________|______|____________|________|________________________|
| INCL| 261.00|272.00| 11.00| 2.69| 267.0-268.0m = 11.75g/t|
| | | | | | Au|
|______|________|______|____________|________|________________________|
| INCL| 277.00|281.00| 4.00| 1.18| |
|______|________|______|____________|________|________________________|
| INCL| 285.70|290.00| 4.30| 2.13| |
|______|________|______|____________|________|________________________|
| INCL| 295.00|304.00| 9.00| 2.83| |
|______|________|______|____________|________|________________________|
| INCL| 308.00|311.00| 3.00| 1.14| |
|______|________|______|____________|________|________________________|
|AND | 319.00|350.00| 31.00| 1.23| |
|______|________|______|____________|________|________________________|
| INCL| 319.75|342.10| 22.35| 1.45| |
|______|________|______|____________|________|________________________|
| INCL| 346.00|350.00| 4.00| 1.20| |
|______|________|______|____________|________|________________________|
|KRD222| 22.00| 25.00| 3.00| 1.10| |
|______|________|______|____________|________|________________________|
|AND | 69.00| 72.30| 3.30| 1.69| |
|______|________|______|____________|________|________________________|
|AND | 78.00| 95.00| 17.00| 2.05|83.0-84.0m = 19.7g/t Au |
|______|________|______|____________|________|________________________|
|KDH223| 130.00|180.00| 50.00| 1.32|179.0-180.0m = 34.3g/t |
| | | | | |Au |
|______|________|______|____________|________|________________________|
Notes on Table 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, except for hole KDH219 (210.0-384.35m intercept) where it has been increased to 6m.
3) In order to highlight the continuity of the high grade zone, a 0.8 g/t gold cut-off with MID of 2m has been used.
4) No top cut has been applied.
5) The intersections listed represent sections of at least 3m greater than 1g/t Au and/or 10m greater than.5g/t Au.
6) The intersections represent sections drilled by reverse circulation (RC) and/or cored drilling (see Table 2).
7) The RC portions of the drill holes were sampled at 1m intervals. Dry 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 cored portion of the drill holes were sampled at one meter 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.
8) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge.
9) 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: Collar coordinates and orientation parameters for boreholes on section 5650N
_________________________________________________________________________
|Hole |Easting|Northing|Elevation| Depth| Dip | Azimuth | RC | DD |
|ID | | | | | | | | |
|______|_______|________|_________|______|_________|_________|_____|______|
| | | | (m) | (m) |(degrees)|(degrees)| (m)| (m) |
|______|_______|________|_________|______|_________|_________|_____|______|
|KDH216| 2399 | 5653 | 266 |533.20| -60.00 | 315 | 0.00|533.20|
|______|_______|________|_________|______|_________|_________|_____|______|
|KDH217| 2099 | 5653 | 270 |232.50| -58.00 | 315 | 0.00|232.50|
|______|_______|________|_________|______|_________|_________|_____|______|
|KDH219| 1999 | 5654 | 271 |481.10| -60.00 | 135 | 0.00|481.10|
|______|_______|________|_________|______|_________|_________|_____|______|
|KDH220| 2299 | 5653 | 268 |352.20| -60.00 | 315 | 0.00|352.20|
|______|_______|________|_________|______|_________|_________|_____|______|
|KRD222| 1950 | 5654 | 273 |141.00| -55.00 | 135 |48.00| 93.00|
|______|_______|________|_________|______|_________|_________|_____|______|
|KDH223| 1899 | 5654 | 274 |202.10| -55.00 | 135 | 0.00|202.10|
|______|_______|________|_________|______|_________|_________|_____|______|
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.