Volta Resources Makes Another New Gold Discovery at the Nassara Prospect, Gaoua Project, Burkina Faso
TORONTO, September 14, 2011 /PRNewswire/ --
Volta Resources Inc. ('Volta' or the 'Company') (TSX: VTR) announces
drilling results from a scout, Reverse Circulation ('RC'), drilling program
on the Nassara South-West Gold target ('Nassara SW') in Burkina Faso. This
is the first drilling program to be conducted on this target, which is
located on a parallel structure to the Nassara Main Zone lying approximately
1.4 kilometers to the northeast (see Figure 2).
Five out of six shallow scout RC holes, drilled along three fences
perpendicular to the strike of the Nassara SW shear, intersected
mineralization over significant widths. Results from the seventh hole, YRC07
are still outstanding. Mineralization occurs in a set of northwesterly
trending parallel shears over 600m of strike. The target remains open along
strike in both directions. Highlights include:
- YRC03 : 10.0m @ 1.37g/t gold
- YRC04 : 8.0m @ 1.75g/t gold
- YRC05 : 3.0m @ 1.21g/t gold
- YRC06 : 10.0m @ 1.01g/t gold
Kevin Bullock, Volta's CEO, said, 'These results from Nassara SW confirm
the prospectivity of parallel structures to the Nassara Main Zone,
significantly adding to the overall potential of the area. Based on these
initial results we are eager to drill another two untested anomalous
structures in the Nassara area.'
Results for the holes are highlighted in Table 1. Analyses of the Volta
samples were undertaken by fire assay on a 50g charge at BIGS 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: Main Gold Intersections
FROM TO INTERVAL GRADE
HOLE ID m m m g/t Au REMARKS
YRC02 17,00 26,00 9,00 0,50
YRC03 23,00 33,00 10,00 1,37 CORE LOSS : 30.0-32.0m
AND 53,00 62,00 9,00 0,71
Incl. 54,00 57,00 3,00 1,42
YRC04 28,00 30,00 2,00 1,41
AND 39,00 47,00 8,00 1,75
YRC05 27,00 30,00 3,00 1,21
YRC06 42,00 55,00 13,00 0,75
AND 61,00 71,00 10,00 1,01
Notes on Tables 1:
1) Intervals are hole length. True width is unknown at this
time.
2) Intersections are based on a 0.30 g/t Au cut-off with no top
cut applied. Internal dilution (less than 0.30 g/t Au) has been carried
to a maximum (Maximum Internal Dilution) of 3m.
3) The intersections listed in the table represent sections of at
least 3m in excess of 0.5g/t Au or 2m in excess of 1g/t Au.
4) The intersections represent sections drilled by reverse
circulation (RC).
5) The drill holes were generally 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.
6) Samples were sent to BIGS Laboratories in Ouagadougou for
standard preparation followed by Fire Assay on a 50g charge.
7) Certified standards were inserted every 15 samples, field
duplicates about every 25 and blanks about every 25 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.
Soil geochemical sampling and ground geophysical surveying (magnetics
and Induced Polarization (IP) Gradient Array), mapping and subsequent
trenching over the larger Nassara area indicate the presence of several more
structures parallel to Nassara Main Zone shear, including the Nassara SW
shear. The scout drilling carried out over the Nassara SW target is part of
a 15,000m combined reverse circulation ('RC') and diamond drilling ('DD')
program over the larger Nassara gold prospect on the Danyoro permit. The
Danyoro permit forms part of the 100% Volta-owned Gaoua project in southern
Burkina Faso, West Africa (see Figure 1). The current drilling campaign has
been designed to systematically test wider and higher grade sections along
the 2.5km of mineralised strike identified to date along the Nassara Main
Zone (Nassara MZ) as well as extending the drilling depth to 150m vertical
metres. In addition, scout drilling is being undertaken along strike on the
recently identified northern (3.5km) and southern (2km) extensions of the
Nassara MZ (see Figure 2). The remaining results from drilling (completed on
3rd September) on the Nassara Main Zone are currently being finalised and
are scheduled to be released later this month.
TABLE 2: Borehole collar coordinates and orientation parameters
BHID UTM_X UTM_Y RL DIP AZI-TN DEPTH
YRC01 481562 1127066 329 55 55 70
YRC02 481486 1127013 308 55 55 84
YRC03 481517 1127035 285 55 55 77
YRC04 481226 1127381 285 55 55 90
YRC05 481172 1127648 285 55 55 90
YRC06 481105 1127603 306 55 55 108
YRC07 481263 1127401 310 55 55 88
Under the guidelines of National Instrument 43-101, the qualified person
for the Gaoua 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.
For further information, please refer to our website
http://www.voltaresources.com or contact:
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: Regional Setting and location of the Nassara
Prospect' and 'Figure 2: Location of boreholes on the Nassara SW Zone,
please click http://files.newswire.ca/407/Volta-Sep14.pdf
For further information:
Kevin Bullock, P.Eng., President & Andreas Curkovic, Investor
CEO Relations
Tel: 1(647)388-1842 or Tel: 1(416)577-9927
Fax: 1(416)867-2298
Email: kbullock@voltaresources.com
Volta Resources Inc.
.