RE: RE: nr
VT1 - "Wow, this created quite a stir in the VTR market. Confirmation of probably a 50% reduction in initial capex, 10% increate in resource, in the higher probablity categories, and the market ignores it completely. The only way to make money on VTR is going to be to wait until they start producing,........"
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I would think as soon as they have robust financings announced (except dilution to death), then VTR will rocket up.... no need to wait until producing.
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That aside, VTR now has close to 6 millions oz of Au. Management should market this much better by calling this deposit a "World Class" (just like ORE did) instead of just calling this the largest deposit in Burkina Faso or one of the largest undeveloped deposits in West African region..... Come on, call it a WORLD CLASS deposit?!
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>>>>>>>>>>> excerpt from NR....
Kevin Bullock, Volta's President and CEO, commented, "The primary objective of the work leading to this latest Mineral Resource update for the Kiaka Gold Project has been met. We can now confidently define discrete and continuous higher grade KMZ_Lenses within the broader lower grade KMZ envelope in the Kiaka Central Area. This supports and clearly illustrates that it would be practical to selectively mine and process sufficient tonnes of ore at an in situ grade approximately 40% higher than the average grade of the deposit for up to five years, while stockpiling the lower grade ore, thereby supporting a phased development approach for the Kiaka Project. This would entail installing initial processing capacity of 6.0 Mt per annum (significantly lowering CAPEX) for up to five years and scaling up to 12.0 Mt per annum for the remainder of the mine life. The phased development scheme will now be implemented in the current Feasibility Study being carried out for the project."
Mr. Bullock also noted, "We are delighted that the Mineral Resource on the Kiaka project has once again increased. Significantly, the Measured and Indicated Resources now stand at 4.86 Moz of gold, representing a 10% increase, while the Inferred Resources remain unchanged at 1.0 Moz of gold. The Kiaka Gold Project now hosts the largest undeveloped gold deposit in Burkina Faso and one of the largest undeveloped gold deposits in the West African region."
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GLTA