Volta Resources Drills 121.15m @ 2.10 g/t Gold at its Kiaka Gold Project in Burkina Faso
- Further Extends Kiaka Mineralization to the Southwest -
TSX: VTR
TORONTO, Oct. 13, 2011 /CNW/ - Volta Resources Inc. ('Volta' or the 'Company')
announces additional drill results from its on-going program (Phase 3) at its Kiaka Gold Project in Burkina Faso. Results for an additional 84 holes located in the southern part of the Kiaka Main Zone have been received and are included in this press release (see Figure 1). The Kiaka Central Area currently includes NI43-101 compliant resources of 90.29 million tonnes @ 1.04 g/t Au for 3,018,000 ounces in the Measured and Indicated categories and 38.52 million tonnes @ 1.00 g/t Au for 1,260,000 ounces in the Inferred category (Please see VTR press release dated June 29, 2011). The holes extend and confirm continuity of mineralization at deeper levels southward of Section 4500N, highlighting the potential for increasing the resources within the framework of the currently defined Whittle-constrained pit. The highlights from current drilling on these sections include:
-- KDH291: 121.15m @ 2.10 g/t, including 5.95m @ 4.85g/t, 7.65m
@ 2.34g/t, 25.00m @ 2.93g/t and 9.00m @ 2.93g/t AND
-- KDH291: 19.40m @ 1.61g/t, including 16.00m @ 1.82/t AND
-- KDH291: 9.00m @ 2.14g/t
-- KDH294: 33.50m @ 3.02/t, including 16.80m @ 3.73g/t and
5.00m @ 5.34g/t
-- KKRC154: 13.00m @ 0.82g/t
-- KKRC161: 10.00m @ 2.46g/t
-- KKRC162: 9.00m @ 0.88g/t AND 28.00m @ 0.53g/t
-- KKRC185: 14.00m @ 1.00g/t
-- KKRC189: 24.00m @ 1.11g/t, including 8.00m @ 1.92g/t
-- KKRC193: 12.00m @ 1.13g/t
-- KKRC196: 12.00m @ 1.50g/t
-- KKRC207: 11.00m @ 0.98g/t
Kevin Bullock, Volta's CEO, said, 'These results give us the opportunity to increase and upgrade resources within the currently defined, Whittle-constrained, pit as we work towards producing a NI 43-101 compliant Pre-Feasibility Study for Kiaka'.
This drilling confirmed the continuity of the mineralization in the KMZ as far south as Section 4600N, which is at least 300m south of the Whittle constrained pit limit containing the current (June 2011) NI43-101 compliant resource.
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| COMMENTS |
|_________|______|______|________|______|____________________________|
|KDH285 | 90.00|102.00| 12.00| 0.53| |
|_________|______|______|________|______|____________________________|
|AND |160.20|169.00| 8.80| 0.75| |
|_________|______|______|________|______|____________________________|
|KDH291 |116.00|126.20| 10.20| 1.17| |
|_________|______|______|________|______|____________________________|
|AND |148.00|154.00| 6.00| 1.16| |
|_________|______|______|________|______|____________________________|
|AND |164.00|174.00| 10.00| 0.78| |
|_________|______|______|________|______|____________________________|
|including|164.00|168.00| 4.00| 1.08| |
|_________|______|______|________|______|____________________________|
|including|171.05|174.00| 2.95| 1.04| |
|_________|______|______|________|______|____________________________|
|AND |182.00|207.00| 25.00| 0.55| |
|_________|______|______|________|______|____________________________|
|AND |213.85|335.00| 121.15| 2.10| |
|_________|______|______|________|______|____________________________|
|including|217.05|223.00| 5.95| 4.85|218.0-219.0m = 13.35g/t |
|_________|______|______|________|______|____________________________|
|including|226.00|233.65| 7.65| 2.34| |
|_________|______|______|________|______|____________________________|
|including|239.30|247.00| 7.70| 1.62|236.0-237.0m = 28.5g/t |
|_________|______|______|________|______|____________________________|
|including|249.00|288.00| 39.00| 1.58| |
|_________|______|______|________|______|____________________________|
| | | | | |294.0-295.0m = 10.45g/t; |
| | | | | |304.0- |
|including|292.00|317.00| 25.00| 2.93|305.0m = 12.9g/t |
|_________|______|______|________|______|____________________________|
|including|326.00|335.00| 9.00| 2.14| |
|_________|______|______|________|______|____________________________|
|AND |343.00|362.40| 19.40| 1.61| |
|_________|______|______|________|______|____________________________|
|including|343.00|359.00| 16.00| 1.82| |
|_________|______|______|________|______|____________________________|
|AND |369.00|373.00| 4.00| 6.71|371.0-372.0m = 18.25g/t |
|_________|______|______|________|______|____________________________|
| | | | | |9.0 - 10.0 m = 26.50 g/t Au;|
| | | | | |34.0 |
|KDH294 |2.50 |36.00 |33.50 |3.02 |- 35.0m = 22.50 g/t Au |
|_________|______|______|________|______|____________________________|
|including| 6.20| 23.00| 16.80| 3.73| |
|_________|______|______|________|______|____________________________|
|including| 30.00| 35.00| 5.00| 5.34| |
|_________|______|______|________|______|____________________________|
|KKRC154 | 0.00| 13.00| 13.00| 0.82| |
|_________|______|______|________|______|____________________________|
|KKRC161 | 16.00| 26.00| 10.00| 2.46|22.0-23.0 = 21.6g/t |
|_________|______|______|________|______|____________________________|
|KKRC162 | 4.00| 13.00| 9.00| 0.88| |
|_________|______|______|________|______|____________________________|
|including| 9.00| 12.00| 3.00| 1.41| |
|_________|______|______|________|______|____________________________|
|AND | 31.00| 59.00| 28.00| 0.53| |
|_________|______|______|________|______|____________________________|
|KKRC163 | 1.00| 19.00| 18.00| 0.66| |
|_________|______|______|________|______|____________________________|
|including| 12.00| 19.00| 7.00| 0.87| |
|_________|______|______|________|______|____________________________|
|KKRC171 | 55.00| 60.00| 5.00| 2.31|Halted in Mineralization |
|_________|______|______|________|______|____________________________|
|KKRC173 | 2.00| 32.00| 30.00| 0.64| |
|_________|______|______|________|______|____________________________|
|including| 6.00| 15.00| 9.00| 0.95| |
|_________|______|______|________|______|____________________________|
|KKRC175 | 18.00| 28.00| 10.00| 0.74| |
|_________|______|______|________|______|____________________________|
|including| 23.00| 27.00| 4.00| 1.08| |
|_________|______|______|________|______|____________________________|
|AND | 44.00| 48.00| 4.00| 1.74| |
|_________|______|______|________|______|____________________________|
|KKRC177 | 41.00| 45.00| 4.00| 1.11| |
|_________|______|______|________|______|____________________________|
|KKRC180 | 56.00| 59.00| 3.00| 1.08| |
|_________|______|______|________|______|____________________________|
|KKRC181 | 34.00| 42.00| 8.00| 0.77| |
|_________|______|______|________|______|____________________________|
| | 52.00| 60.00| 8.00| 0.97|Halted in Mineralization |
|_________|______|______|________|______|____________________________|
|KKRC182 | 6| 18| 12| 0.50| |
|_________|______|______|________|______|____________________________|
|KKRC185 | 22.00| 36.00| 14.00| 1.00| |
|_________|______|______|________|______|____________________________|
|including| 29.00| 32.00| 3.00| 3.09| |
|_________|______|______|________|______|____________________________|
|including| 13.00| 16.00| 3.00| 1.48| |
|_________|______|______|________|______|____________________________|
|KKRC188 | 56.00| 60.00| 4.00| 0.84|Halted in Mineralization |
|_________|______|______|________|______|____________________________|
|KKRC189 | 14.00| 38.00| 24.00| 1.11| |
|_________|______|______|________|______|____________________________|
|including| 29.00| 37.00| 8.00| 1.92| |
|_________|______|______|________|______|____________________________|
|KKRC190 | 16.00| 20.00| 4.00| 1.08| |
|_________|______|______|________|______|____________________________|
|KKRC193 | 38.00| 50.00| 12.00| 1.13| |
|_________|______|______|________|______|____________________________|
|KKRC194 | 2.00| 18.00| 16.00| 0.49| |
|_________|______|______|________|______|____________________________|
|KKRC196 | 2.00| 14.00| 12.00| 1.50|7.0-8.0m = 14.05g/t |
|_________|______|______|________|______|____________________________|
|KKRC203 | 36.00| 39.00| 3.00| 1.06| |
|_________|______|______|________|______|____________________________|
|KKRC205 | 26.00| 29.00| 3.00| 1.17| |
|_________|______|______|________|______|____________________________|
|KKRC207 | 53.00| 64.00| 11.00| 0.98|Halted in Mineralization |
|_________|______|______|________|______|____________________________|
|KKRC208 | 2.00| 8.00| 6.00| 1.05| |
|_________|______|______|________|______|____________________________|
Notes on Tables 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.
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.
4) No top cut has been applied.
5) The intersections listed in the table represent sections of at least 3m in excess of 1g/t Au and/or sections of at least 7m in excess of 0.5g/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 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 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.
Volta also completed drilling 18 holes immediately (within 200m) to the northwest of the Kiaka Central Resource Area to test a parallel Induced Polarization (IP) anomaly that was co-incident with a weak gold-in-soil anomaly. Only one hole, KDH286, intersected significant mineralization, including 12.0m @ 0.61g/t.
TABLE 2: Collar coordinates and orientation parameters for the reported boreholes
___________________________________________________________________________
|HOLE ID|Easting|Northing |Elevation|Depth | Dip | Azimuth | RC | DD |
| | | | (m) | (m) |(degrees)|(degrees)| (m) | (m) |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH284 |739,232|1,290,026| 272.09|100.00| -55| 135| |100.00|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH285 |739,159|1,289,026| 265.70|301.06| -55| 315| |301.06|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH286 |739,187|1,290,071| 273.35|121.00| -55| 135| |121.00|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH287 |739,011|1,289,962| 277.72|165.88| -55| 135| |165.88|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH288 |738,885|1,289,820| 273.41|121.11| -55| 135| |121.11|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH289 |738,953|1,289,247| 269.41|301.10| -55| 135| |301.10|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH290 |738,929|1,289,775| 274.26|127.12| -55| 135| |127.12|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH291 |739,173|1,289,446| 269.00|385.20| -55| 135| |385.20|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH292 |739,019|1,289,680| 274.90|220.02| -55| 135| |220.02|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH293 |738,784|1,289,481| 272.03|252.70| -55| 135| |252.70|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH294 |739,172|1,289,302| 268.78|250.00| -55| 135| |250.00|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KDH295 |738,696|1,289,568| 272.90| 97.20| -55| 135| | 97.20|
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC148|738,896|1,289,237| 269.19| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC149|738,930|1,289,201| 268.89| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC150|738,951|1,289,179| 268.12| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC151|738,913|1,289,219| 269.21| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC152|738,972|1,289,157| 267.68| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC153|738,992|1,289,135| 267.09| 40.00| -55| 135|40.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC154|739,006|1,289,120| 266.83| 75.00| -55| 135|75.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC155|739,083|1,289,039| 266.27| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC156|739,104|1,289,017| 266.18| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC157|738,924|1,289,128| 266.99| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC158|738,945|1,289,107| 266.46| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC159|738,966|1,289,085| 266.12| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC160|738,987|1,289,064| 266.36| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC161|739,009|1,289,043| 266.41| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC162|739,030|1,289,022| 266.42| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC163|739,051|1,289,001| 266.40| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC164|738,891|1,289,089| 267.13| 61.00| -55| 135|61.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC165|738,912|1,289,068| 266.82| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC166|738,933|1,289,047| 266.80| 71.00| -55| 135|71.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC167|738,855|1,289,062| 266.90| 58.00| -55| 135|58.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC168|738,872|1,289,037| 266.92| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC169|738,893|1,289,015| 267.20| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC170|738,914|1,288,994| 267.59| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC171|738,935|1,288,972| 267.71| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC172|738,956|1,288,951| 267.80| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC173|738,977|1,288,929| 267.94| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC174|738,998|1,288,908| 268.07| 64.00| -55| 135|64.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC175|738,852|1,288,989| 267.88| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC176|738,873|1,288,968| 268.33| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC177|738,922|1,288,917| 268.56| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC178|738,943|1,288,896| 268.77| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC179|738,964|1,288,874| 268.78| 80.00| -55| 135|80.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC180|738,780|1,288,989| 267.93| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC181|738,800|1,288,967| 268.47| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC182|738,821|1,288,946| 268.96| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC183|738,842|1,288,924| 269.51| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC184|738,863|1,288,903| 269.60| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC185|738,884|1,288,881| 269.37| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC186|738,905|1,288,860| 269.45| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC187|738,926|1,288,838| 269.33| 67.00| -55| 135|67.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC188|738,745|1,288,955| 268.76| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC189|738,765|1,288,933| 268.99| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC190|738,786|1,288,911| 269.78| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC191|738,807|1,288,889| 270.05| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC192|738,827|1,288,868| 270.06| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC193|738,848|1,288,846| 270.21| 58.00| -55| 135|58.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC194|738,868|1,288,824| 270.14| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC195|738,889|1,288,802| 270.05| 70.00| -55| 135|70.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC196|738,749|1,288,878| 270.07| 58.00| -55| 135|58.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC197|738,768|1,288,855| 270.50| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC198|738,787|1,288,832| 270.80| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC199|738,806|1,288,809| 270.84| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC200|738,825|1,288,786| 270.95| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC201|738,844|1,288,762| 271.56| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC202|738,602|1,288,957| 269.40| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC203|738,623|1,288,935| 269.90| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC204|738,643|1,288,913| 270.14| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC205|738,664|1,288,892| 270.66| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC206|738,685|1,288,870| 270.28| 55.00| -55| 135|55.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC207|738,706|1,288,849| 270.34| 64.00| -55| 135|64.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC208|738,729|1,288,829| 270.69| 57.00| -55| 135|57.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC209|738,748|1,288,806| 271.24| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC210|738,769|1,288,784| 271.60| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC211|738,790|1,288,763| 271.65| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC212|738,811|1,288,741| 271.58| 54.00| -55| 135|54.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC213|738,832|1,288,720| 271.37| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC214|738,852|1,288,698| 271.20| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC215|738,873|1,288,677| 271.06| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC216|739,030|1,288,949| 267.25| 52.00| -55| 135|52.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC217|739,049|1,288,931| 266.52| 70.00| -55| 135|70.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC218|739,073|1,288,907| 266.72| 70.00| -55| 135|70.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC219|739,065|1,288,986| 266.47| 70.00| -55| 135|70.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC220|739,090|1,288,962| 266.17| 61.00| -55| 135|61.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC221|739,111|1,288,941| 266.35| 55.00| -55| 135|55.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC222|739,135|1,288,984| 265.76| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC223|739,156|1,288,962| 265.80| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC224|739,177|1,288,940| 266.35| 49.00| -55| 135|49.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC225|738,990|1,289,277| 269.59| 55.00| -55| 135|55.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC226|739,027|1,289,309| 270.67| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC227|738,374|1,289,487| 271.52| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC228|738,395|1,289,465| 271.69| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC229|738,416|1,289,443| 271.78| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC230|738,437|1,289,421| 271.79| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC231|738,458|1,289,399| 271.67| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC232|738,479|1,289,377| 271.86| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC233|738,500|1,289,355| 271.88| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC234|738,521|1,289,333| 271.73| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC235|738,542|1,289,311| 271.43| 60.00| -55| 135|60.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC236|738,564|1,289,289| 271.00| 82.00| -55| 135|82.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
|KKRC237|738,894|1,288,655| 270.84| 80.00| -55| 135|80.00| |
|_______|_______|_________|_________|______|_________|_________|_____|______|
Phase 3 drilling continues at Kiaka. The program comprises approximately 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 more 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.
SOURCE Volta Resources Inc.
Image with caption: 'Figure 1: Location of the holes referred to in this press release. (CNW Group/Volta Resources Inc.)'. Image available at: http://photos.newswire.ca/images/download/20111013_C3774_PHOTO_EN_4447.jpg
Volta Resources Inc.
CONTACT: For further information, please refer to our
website www.voltaresources.com or contact:
Kevin Bullock, P.Eng., President & Andreas Curkovic,
CEO or Investor Relations
Tel: (647) 388-1842 Tel: (416) 577-9927
Fax: (416) 867-2298
Email: kbullock@voltaresources.com