- Also 167.0m @ 1.54g/t gold including 37.0m @ 2.36g/t gold -
TORONTO, May 10/CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR)announces the drill results from the next completed section at itsKiaka Gold Project, located approximately 120 kilometres southeast ofOuagadougou, the capital city of Burkina Faso. To date, 97 holes (~15,100 meters) have been completed of the programcomprising more than 110 holes (greater than 17,400 meters) planned forthe Central Area at Kiaka. So far results have been received for 86holes from this area, with the current news release covering the latest8 holes, which are all located on Section 5200N (See Figure 1). Thehighlights from this section include:
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- KDH71 : 167.00m @ 1.54g/t Au, including 37.00 m @ 2.36 g/t Au
and including 7.0m @ 5.89g/t Au
- KRD74 : 134.00m @ 2.16g/t Au, including 10.00 m @ 7.43 g/t Au
and including 22.00m @ 2.98g/t Au
- KRD76 : 42.00m @ 2.25g/t Au, including 24.00 m @ 2.99 g/t Au AND
128.50m @ 1.28g/t Au, including 20.00 m @ 2.48 g/t Au
- KDH75 : 182.50m @ 0.98g/t Au, including 32.00 m @ 1.58 g/t Au
- KRD64 : 6.00m @ 3.11g/t Au
- KRD78 : 97.00m @ 1.16g/t Au, including 25.00m @ 1.45g/t Au,
4.00m @ 3.49g/t Au and 13.00m @ 1.92g/t Au
>>
Kevin Bullock, Volta's CEO, said, "HoleKRD74 is the best hole Volta has intersected at Kiaka and Section 5200is one of the best sections we have ever drilled. We are particularlyencouraged that this is the first section drilled south of the initialsection that Volta drilled in December last year, and is extremely wellmineralized showing broad widths and higher grades than previouslyencountered. As we move to complete our first drill campaign at Kiaka,we can state unequivocally that the results have confirmed our initialconfidence."
Section 5200N is the first section drilled south of 5250N, which wasthe first to be reported (see News Release of 16 December 2009). Todate, assay results have been received for ten sections drilled between5200N and 5700N and covering 500m of strike of the central portion ofthe Central Area. All sections were well mineralized and consistentlyinclude, as listed in the News Release of21 April, 2010, and subsequent News Releases, very wide intersections comprising discrete higher grade zones.
Results for the holes on section 5200N are highlighted in Table 1below and on the section in figure 2. Analyses of the Volta sampleswere undertaken by fire assay on a 50g charge at ALS ChemexLaboratories inOuagadougou. 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 from Section 5200N
-------------------------------------------------------------------------
HOLE ID FROM TO INTERVAL GRADE
--------------------------------------------------------
m m m g/t
-------------------------------------------------------------------------
KDH71 30.00 197.00 167.00 1.54
--------------------------------------------------------
Including 45.00 82.00 37.00 2.36
--------------------------------------------------------
Including 86.00 89.00 3.00 1.49
--------------------------------------------------------
Including 96.00 103.00 7.00 5.89
--------------------------------------------------------
Including 106.00 114.00 8.00 1.01
--------------------------------------------------------
Including 120.00 138.00 18.00 1.64
--------------------------------------------------------
Including 154.00 171.00 17.00 1.20
--------------------------------------------------------
Including 184.00 196.00 12.00 2.11
--------------------------------------------------------
AND 208.00 228.00 20.00 1.05
--------------------------------------------------------
Including 212.00 223.00 11.00 1.56
--------------------------------------------------------
AND 235.00 245.00 10.00 0.87
--------------------------------------------------------
AND 255.00 282.00 27.00 0.62
--------------------------------------------------------
Including 278.00 282.00 4.00 2.30
-------------------------------------------------------------------------
KRD74 22.00 156.00 134.00 2.16
--------------------------------------------------------
Including 23.00 33.00 10.00 7.43
--------------------------------------------------------
Including 39.00 48.00 9.00 2.87
--------------------------------------------------------
Including 53.00 58.00 5.00 2.04
--------------------------------------------------------
Including 62.00 84.00 22.00 2.98
--------------------------------------------------------
Including 96.00 114.00 18.00 2.55
--------------------------------------------------------
Including 117.00 144.80 27.80 1.61
--------------------------------------------------------
Including 147.20 155.00 7.80 1.41
-------------------------------------------------------------------------
KRD76 0.00 42.00 42.00 2.25
--------------------------------------------------------
Including 0.00 12.00 12.00 1.71
--------------------------------------------------------
Including 18.00 42.00 24.00 2.99
--------------------------------------------------------
AND 50.50 179.00 128.50 1.28
--------------------------------------------------------
Including 50.50 61.00 10.50 1.85
--------------------------------------------------------
Including 66.00 86.00 20.00 2.04
--------------------------------------------------------
Including 97.00 110.00 13.00 0.88
--------------------------------------------------------
Including 113.00 133.00 20.00 2.48
--------------------------------------------------------
Including 150.00 159.00 9.00 1.07
--------------------------------------------------------
Including 169.00 172.00 3.00 3.53
--------------------------------------------------------
AND 187.00 214.00 27.00 0.58
-------------------------------------------------------------------------
KDH75 4.50 32.00 27.50 0.56
--------------------------------------------------------
Including 5.50 9.50 4.00 1.39
--------------------------------------------------------
AND 86.00 268.33 182.33 0.98
--------------------------------------------------------
Including 109.00 121.00 12.00 1.14
--------------------------------------------------------
Including 125.00 157.00 32.00 1.58
--------------------------------------------------------
Including 174.00 185.00 11.00 1.27
--------------------------------------------------------
Including 198.00 211.00 13.00 2.57
--------------------------------------------------------
Including 223.00 227.00 4.00 1.40
--------------------------------------------------------
Including 230.00 233.10 3.10 1.18
--------------------------------------------------------
Including 239.00 249.00 10.00 0.80
-------------------------------------------------------------------------
KRD78 0.00 12.00 12.00 1.15
--------------------------------------------------------
Including 7.00 12.00 5.00 2.10
--------------------------------------------------------
AND 19.00 116.00 97.00 1.16
--------------------------------------------------------
Including 23.00 48.00 25.00 1.45
--------------------------------------------------------
Including 51.00 55.00 4.00 3.49
--------------------------------------------------------
Including 58.00 71.00 13.00 1.92
--------------------------------------------------------
Including 76.00 102.10 26.10 0.84
--------------------------------------------------------
Including 106.00 109.00 3.00 1.34
--------------------------------------------------------
AND 132.00 165.18 33.18 0.50
--------------------------------------------------------
Including 147.00 151.00 4.00 0.93
-------------------------------------------------------------------------
KRD64 0.00 45.00 45.00 0.80
--------------------------------------------------------
Including 20.00 26.00 6.00 3.11
--------------------------------------------------------
Including 37.00 41.00 4.00 1.32
-------------------------------------------------------------------------
KKRC35 25.00 32.00 7.00 0.99
-------------------------------------------------------------------------
NOTES:
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
envelope.
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. (except for KKRC35).
5) The intersections also represent sections drilled by reverse
circulation (RC) and/or cored drilling (see Table 2).
6) The RC portions of the drill holes were sampled at 1-m 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
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.
>>
Volta's current drill program will infill and extend drilling on theCentral Area such that the KMZ zone is drilled to 50m x 50m spacingfrom surface to 150m and 100m x 50m from 150m to 200m depth. Voltaintends to complete the program by the middle ofMay 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010.
<<
TABLE 2: Borehole collar coordinates and orientation parameters
-------------------------------------------------------------------------
Hole ID Easting Northing Elevation Depth Azimuth Dip RC DD
-----------------------------------------------------------------
(m) (m) (degrees) (deg- (m) (m)
rees)
-------------------------------------------------------------------------
KDH71 739184 1289366 268.64 294.19 135 55 0.00 294.19
-------------------------------------------------------------------------
KDH75 739318 1289234 265.55 290.00 315 55 0.00 290.00
-------------------------------------------------------------------------
KKRC35 739090 1289461 271.14 70.00 135 58 70.00 0.00
-------------------------------------------------------------------------
KKRC36 739140 1289411 269.74 73.00 135 58 73.00 0.00
-------------------------------------------------------------------------
KRD64 739280 1289270 265.99 46.00 135 57 46.00 0.00
-------------------------------------------------------------------------
KRD74 739265 1289286 266.47 170.26 315 55 33.00 137.26
-------------------------------------------------------------------------
KRD76 739211 1289338 267.94 240.16 135 55 39.00 201.16
-------------------------------------------------------------------------
KRD78 739245 1289306 266.67 165.18 135 55 66.00 99.18
-------------------------------------------------------------------------
Note: all borehole collars surveyed with theodolite, except for KRD64,
located, for the time being, with handheld GPS.
>>
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 becominga leader in the identification, acquisition and exploration of goldproperties in WestAfrica. 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 themeaning of Canadian securities legislation that involve inherent risksand uncertainties. Forward-looking statements include, but are notlimited to, statements with respect to the future price of gold andother minerals and metals, the estimation of mineral reserves andresources, the realization of mineral reserve estimates, the capitalexpenditures, costs and timing of the resources, the realization ofmineral reserve estimates, the capital expenditures, costs and timingof the development of new deposits, success of exploration activities,permitting time lines, currency exchange rate fluctuations,requirements for additional capital, government regulation of miningoperations, environmental risks, unanticipated reclamation expenses,title disputes or claims and limitations on insurance coverage.Generally, these forward-looking statements can be identified by theuse of forward looking terminology such as "plans", "expects" or "doesnot expect", "is expected", "budget", "scheduled", "estimates","forecasts", "intends", "anticipates" or "does not anticipate", or"believes", or variations of such words and phrases or state thatcertain actions, events or results "may", "could", "would", "might" or"will be taken", "occur" or "be achieved". Forward-looking statementsare subject to known and unknown risks, uncertainties and other factorsthat may cause the actual results, level of activity, performance orachievements of Volta to be materially different from those expressedor implied by such forward looking statements, including but notlimited to: risks related to international operations, risks related tothe integration of acquisitions; risks related to joint ventureoperations; actual results of current exploration activities; actualresults of current or future reclamation activities; conclusions ofeconomic evaluations; changes in project parameters as plans continueto be refined; future prices of gold and other minerals and metals;possible variations in ore reserves, grade or recovery rates; failureof equipment or processes to operate as anticipated; accidents, labourdisputes and other risks of the mining industry; and delays inobtaining governmental approvals or financing or in the completion ofdevelopment or construction activities. Although the management andofficers of Volta believe that the expectations reflected in suchforward-looking statements are based upon reasonable assumptions andhave attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements, there may be other factors that cause results not to be asanticipated, estimated or intended. There can be no assurance that suchstatements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. Volta Resources does not undertake toupdate any forward-looking statements that are incorporated byreference herein, except in accordance with applicable securities laws.
Visit https://files.newswire.ca/407/Kiaka.pdf to see Figure 1 and Figure 2.
%SEDAR: 00026749E
For further information: please refer to our websitewww.voltaresources.com or contact Kevin Bullock, P.Eng., President& CEO, Tel: (647) 388-1842, Fax: (416) 867-2298, Email:kbullock@voltaresources.com; Andreas Curkovic, Investor Relations,(416) 577-9927