VOLTA 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
TORONTO, May 31, 2011 /CNW/ --
- Also 137.85 m @ 1.12 g/t Gold -
TORONTO, May 31, 2011 /CNW/ - 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.
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, toward 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.
To view 'Figure 1: Location of holes drilled on section 5650N at Kiaka
Central Area' and 'Figure 2 : Section 5650N', please click http://files.newswire.ca/407/Volta.doc
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/31/c9044.html
For further information, please refer to our website www.voltaresources.com or contact: | | ||||
Kevin Bullock, P.Eng., President & CEO | or | Andreas Curkovic, Investor Relations | |||
Tel: (647) 388-1842 | Tel: (416) 577-9927 | ||||
Fax: (416) 867-2298 | |||||
Email: kbullock@voltaresources.com |