Volta Demonstrates New Mineralization Extending To The Northeast At Its Kiaka Gold Project In Burkina Faso
TORONTO, Sept. 1, 2011 /CNW/ --
- Intersects 60.7m @ 1.75g/t Gold, Including 21.1m @ 2.11g/t Gold-
TORONTO, Sept. 1, 2011 /CNW/ - Volta Resources Inc. ('Volta' or the 'Company') (TSX: VTR) announces additional drill results from its on-going program (Phase 3)
at its Kiaka Gold Project in Burkina Faso. Results for an additional 29
holes located in the northern part of the Kiaka Main Zone have been
received and are included in this press release. These holes have been
drilled subsequent to completion of the latest NI43-101 compliant
resource estimate for Kiaka (See Volta press release dated June 29,
2011).
The holes extend and confirm continuity of mineralization at deeper
levels towards the north beyond section 5700N, highlighting the
potential for further significantly increasing the resources within the
framework of the currently defined Whittle-constrained pit. The
highlights from current drilling on these sections include:
-- KDH278 : 16.30m @ 1.22g/t gold, including 12.60m @ 1.49g/t gold
AND 60.70m @ 1.75g/t gold, including 21.10m @ 2.11g/t gold
-- KDH280 : 55.40m @ 0.78g/t gold, including 5.80m @ 2.24g/t gold
-- KDH281 : 83.55m @ 1.14g/t gold, including 52.20m @ 1.44g/t gold
-- KKRC127 : 12.00m @ 1.29g/t gold, including 4.00m @ 2.55g/t gold
-- KKRC128 : 10.00m @ 2.54g/t gold
Kevin Bullock, Volta's CEO, said, 'These drill results from our Phase 3
program continue to display Kiaka's outstanding characteristics - broad
widths with well disseminated mineralization. As part of our publicly
stated plans to move Kiaka toward a production decision we will be
initiating a pre-feasibility study within the next month.'
Deep drill holes, completed on Sections 5700N and 5850N, confirmed that
the KMZ main mineralization extends further to the northeast under a
shallow, gently southeasterly dipping thrust fault. The fault has
brought hanging wall mineralization, represented by narrower zones of
mineralization, over the main, wide, mineralized orebody. The
mineralization remains open to the north and will be tested by
extensive drilling in the coming months. The RC drill holes completed
on section 6100N further confirm the northern extension of the hanging
wall (KHZ) mineralization.
Results for the holes are highlighted in Table 1. 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 the reported boreholes
______________________________________________________________
|BHID | FROM | TO |INTERVAL|Au g/t|REMARKS/COMMENTS |
|_______|______|______|________|______|________________________|
|KDH275 | 20.00| 34.00| 14.00| 0.58| |
|_______|______|______|________|______|________________________|
| INCL| 31.00| 34.00| 3.00| 1.08| |
|_______|______|______|________|______|________________________|
|AND |179.00|196.00| 17.00| 0.86| |
|_______|______|______|________|______|________________________|
|AND |110.60|114.00| 3.40| 1.34| |
|_______|______|______|________|______|________________________|
|KDH278 |261.00|286.00| 25.00| 0.51| |
|_______|______|______|________|______|________________________|
|AND |317.00|328.00| 11.00| 0.67| |
|_______|______|______|________|______|________________________|
|AND |337.00|351.00| 14.00| 0.92| |
|_______|______|______|________|______|________________________|
| INCL|340.00|348.00| 8.00| 1.30| |
|_______|______|______|________|______|________________________|
|AND |358.00|374.30| 16.30| 1.22| |
|_______|______|______|________|______|________________________|
| INCL|361.00|373.60| 12.60| 1.49| |
|_______|______|______|________|______|________________________|
|AND |381.70|442.40| 60.70| 1.75| |
|_______|______|______|________|______|________________________|
| INCL|381.70|402.80| 21.10| 2.11| |
|_______|______|______|________|______|________________________|
| INCL|406.10|427.00| 20.90| 2.02| |
|_______|______|______|________|______|________________________|
| INCL|430.00|442.40| 12.40| 1.44| |
|_______|______|______|________|______|________________________|
| AND|447.15|451.25| 4.10| 1.29| |
|_______|______|______|________|______|________________________|
|KRD279 | 94.00| 97.47| 3.47| 1.64| |
|_______|______|______|________|______|________________________|
|KDH280 |115.40|170.80| 55.40| 0.78| |
|_______|______|______|________|______|________________________|
| INCL|150.00|155.80| 5.80| 2.24| |
|_______|______|______|________|______|________________________|
| INCL|222.00|226.00| 4.00| 1.12| |
|_______|______|______|________|______|________________________|
|AND |385.00|399.00| 14.00| 0.61| |
|_______|______|______|________|______|________________________|
|KDH281 |333.00|345.00| 12.00| 0.70| |
|_______|______|______|________|______|________________________|
| INCL|333.00|336.00| 3.00| 1.83| |
|_______|______|______|________|______|________________________|
|AND |368.00|451.55| 83.55| 1.14|ENDED IN MINERALIZATION |
|_______|______|______|________|______|________________________|
| INCL|383.90|436.10| 52.20| 1.44| |
|_______|______|______|________|______|________________________|
| INCL|443.70|451.55| 7.85| 1.42| |
|_______|______|______|________|______|________________________|
|KDH282 |133.00|145.40| 12.40| 0.75| |
|_______|______|______|________|______|________________________|
| INCL|133.00|136.00| 3.00| 2.24| |
|_______|______|______|________|______|________________________|
|AND |360.30|401.00| 40.70| 0.72| |
|_______|______|______|________|______|________________________|
| INCL|361.00|370.00| 9.00| 0.98| |
|_______|______|______|________|______|________________________|
|AND |409.00|427.00| 18.00| 0.54| |
|_______|______|______|________|______|________________________|
|AND |441.00|445.40| 4.40| 1.61| |
|_______|______|______|________|______|________________________|
|KDH283 |115.00|243.00| 128.00| 0.69|121.0-122.0 = 17.3g/t Au|
|_______|______|______|________|______|________________________|
| INCL|119.00|122.00| 3.00| 6.51| |
|_______|______|______|________|______|________________________|
| INCL|179.00|183.65| 4.65| 1.39| |
|_______|______|______|________|______|________________________|
| INCL|229.00|232.00| 3.00| 1.20| |
|_______|______|______|________|______|________________________|
|KKRC127| 25| 37| 12| 1.29| |
|_______|______|______|________|______|________________________|
| INCL| 25.00| 29.00| 4.00| 2.55| |
|_______|______|______|________|______|________________________|
|AND | 73.00| 76.00| 3.00| 1.11| |
|_______|______|______|________|______|________________________|
|KKRC128| 2.00| 45.00| 43.00| 0.55| |
|_______|______|______|________|______|________________________|
| INCL| 5.00| 8.00| 3.00| 1.07| |
|_______|______|______|________|______|________________________|
|AND | 72.00| 82.00| 10.00| 2.54|72.0-73.0m = 23.50g/t Au|
|_______|______|______|________|______|________________________|
|KKRC129| 74.00| 99.00| 25.00| 0.40| |
|_______|______|______|________|______|________________________|
| INCL| 90.00| 93.00| 3.00| 1.39| |
|_______|______|______|________|______|________________________|
|KKRC130| 66.00| 99.00| 33.00| 0.82| |
|_______|______|______|________|______|________________________|
| INCL| 85.00| 91.00| 6.00| 1.70| |
|_______|______|______|________|______|________________________|
|KKRC134| 25.00| 37.00| 12.00| 0.81| |
|_______|______|______|________|______|________________________|
| INCL| 25.00| 28.00| 3.00| 1.14| |
|_______|______|______|________|______|________________________|
|AND | 49.00| 91.00| 42.00| 0.78| |
|_______|______|______|________|______|________________________|
| INCL| 49.00| 52.00| 3.00| 1.03| |
|_______|______|______|________|______|________________________|
| INCL| 56.00| 59.00| 3.00| 1.19| |
|_______|______|______|________|______|________________________|
| INCL| 69.00| 74.00| 5.00| 1.05| |
|_______|______|______|________|______|________________________|
|KKRC137| 45.00| 60.00| 15.00| 0.60| |
|_______|______|______|________|______|________________________|
| INCL| 45.00| 49.00| 4.00| 1.17| |
|_______|______|______|________|______|________________________|
|KKRC138| 30.00| 49.00| 19.00| 0.56| |
|_______|______|______|________|______|________________________|
|KKRC140| 4.00| 15.00| 11.00| 0.62| |
|_______|______|______|________|______|________________________|
|AND | 40.00| 58.00| 18.00| 0.63| |
|_______|______|______|________|______|________________________|
| INCL| 52.00| 55.00| 3.00| 1.70| |
|_______|______|______|________|______|________________________|
|KKRC143| 0.00| 60.00| 60.00| 0.59| |
|_______|______|______|________|______|________________________|
|KKRC144| 4.00| 35.00| 31.00| 0.43| |
|_______|______|______|________|______|________________________|
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
envelope, except for holes KKRC143 (0-60.0m ) 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 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.
5) The intersections 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.
TABLE 2: Collar coordinates and orientation parameters for the reported
boreholes
____________________________________________________________________________________
|SECTION |Hole ID|Easting|Northing|Elevation|Depth | Dip | Azimuth | RC | DD |
|________|_______|_______|________|_________|______|_________|_________|______|______|
| | | | | (m) | (m) |(degrees)|(degrees)| (m) | (m) |
|________|_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC147|740043 |1289856 | 267.1 | 49.00| -55 | 135| 49.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC146|740025 |1289872 | 267.4 | 55.00| -55 | 135| 55.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC145|739936 |1289958 | 269.2 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC144|739914 |1289978 | 268.9 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC143|739892 |1289999 | 269.0 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC142|739870 |1290020 | 268.9 | 59.00| -55 | 135| 59.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| 6150N |KKRC141|739849 |1290040 | 269.1 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC140|739827 |1290061 | 269.1 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC139|739805 |1290082 | 268.5 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC138|739783 |1290102 | 268.5 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC137|739761 |1290123 | 268.7 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC136|739725 |1290157 | 268.8 |100.00| -55 | 135|100.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC135|739699 |1290182 | 268.5 | 76.00| -55 | 135| 76.00| 0.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC127|739721 |1290106 | 269.6 | 55.00| -55 | 135| 55.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC128|739790 |1290036 | 269.1 |100.00| -55 | 135|100.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC129|739826 |1289999 | 270.2 |100.00| -55 | 135|100.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
|6100N |KKRC130|739862 |1289964 | 269.8 |100.00| -55 | 135|100.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC131|739918 |1289907 | 269.5 | 85.00| -55 | 135| 85.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC132|739984 |1289840 | 268.4 | 60.00| -55 | 135| 60.00| 0.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KKRC133|740007 |1289816 | 267.7 | 47.00| -55 | 135| 47.00| 0.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| 6050N |KKRC134|739703 |1290047 | 270.4 |92.00 | -55 | 135| 92.00| 0.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| |KDH283 |739873 |1289680 | 268.3 |301.00| -60 | 135| 0.00|301.00|
| 5900N |_______|_______|________|_________|______|_________|_________|______|______|
| |KDH282 |739539 |1289996 | 271.3 |451.00| -60 | 315| 0.00|451.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| |KDH280 |739840 |1289637 | 268.2 |451.00| -60 | 135| 0.00|451.00|
| 5850N |_______|_______|________|_________|______|_________|_________|______|______|
| |KDH281 |739631 |1289839 | 273.1 |451.00| -60 | 135| 0.00|451.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| |KRD279 |739459 |1289944 | 272.2 |102.00| -55 | 135| 30.00| 72.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| 5800N |KRD277 |739531 |1289873 | 273.6 |100.00| -55 | 135| 42.00| 58.00|
| |_______|_______|________|_________|______|_________|_________|______|______|
| |KDH275 |739810 |1289593 | 267.9 |235.00| -60 | 315| 0.00|235.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
| 5700N |KDH278 |739742 |1289520 | 266.2 |451.00| -60 | 315| 0.00|451.00|
|________|_______|_______|________|_________|______|_________|_________|______|______|
Phase 3 drilling continues at Kiaka. The program comprises another
50.000m of drilling being undertaken to extend resources in the Central
Area, to follow up positive results in the South Area, to test several
local ground geophysical targets and undertake scout drilling on
regional targets on the Kiaka property.
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.
Image with caption: 'Volta Resources' Kiaka Gold Project In Burkina Faso - Figure 1: Location of the latest holes on Sections 5700N to 6150N (CNW Group/Volta Resources Inc.)'. Image available at: http://photos.newswire.ca/images/download/20110901_C7865_PHOTO_EN_2760.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/01/c7865.html
For further information, please refer to our website www.voltaresources.com or contact:
| Kevin Bullock, P.Eng., President & CEO Tel: (647) 388-1842 Fax: (416) 867-2298 Email: kbullock@voltaresources.com | or | Andreas Curkovic, Investor Relations Tel: (416) 577-9927 |
For further information, please refer to our website www.voltaresources.com or contact:
| Kevin Bullock, P.Eng., President & CEO Tel: (647) 388-1842 Fax: (416) 867-2298 Email: kbullock@voltaresources.com | or | Andreas Curkovic, Investor Relations Tel: (416) 577-9927 |