TORONTO, June 16, 2010 /PRNewswire/ -- Volta Resources Inc. (Volta or the Company) announces that it has commenced a combined reverse circulation (RC) and diamond drilling (DD) program for a total of approximately 3,500 metres at its Nassara prospect on the Danyoro permit, which forms part of the 100% owned Gaoua Project in southern Burkina Faso, West Africa. The current program will follow up the positive scout drilling results obtained in January 2010 (see News Release of 28 January 2010) and the results from the recent trenching carried out over the target.
Since the release of the scout drilling results, an additional 8 trenches (NTR6 to NTR15) totaling 1354.8m have been excavated over the prospect intersecting the gold-in-soil anomaly, at regular intervals, over a strike length of more than 3,000m. In addition, previously reported trenches NTR1 and NTR3 have been extended as to better understand the geometry of the mineralization. Highlights of the latest trenching campaign include:
- NTR9: 25.0m (at) 1.95g/t Au, including 10.0m (at) 3.93g/t Au
- NTR10: 16.0m (at) 1.38g/t Au, including 11.0m (at) 1.85g/t Au
- NTR 8: 4.0m (at) 1.89g/t Au
The current drilling program will test the area over some 2,000m of strike from about 100m northwest of trench NTR10 to about 300m southeast of trench NTR9 (see figure 1).
Kevin Bullock, Volta's President and CEO, said, This is the first major drill campaign at our highly prospective Nassara Project. Our initial work has enabled us to select targets that we feel will further illuminate the potential at Nassara. Along with our advanced Kiaka Project, Nassara offers the type of opportunity that demonstrates why Burkina Faso is becoming a very exciting gold region in West Africa.
Results for the trenches are highlighted in Table 1 below and in Figure 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: Trench highlights -------------------------- ------------------------------------------------------------------------- TRENCH MIN Au COMMENTS ID FROM TO INTERVAL GRADE ---------------------------------- (m) (m) (m) (g/t) ------------------------------------------------------------------------- NTR1 22.00 25.50 3.50 0.23 Extension , January 2010 ---------------------------------- 41.00 57.00 16.00 0.58 ---------------------------------- AND 110.00 154.00 44.00 1.82 Previously reported trench ---------------------------------- Including 116.50 137.00 20.50 3.56 ------------------------------------------------------------------------- NTR2 12.00 15.00 3.00 2.04 Previously reported trench ---------------------------------- AND 48.00 55.00 7.00 0.33 15 - 17m not sampled - artisanal workings ------------------------------------------------------------------------- NTR3 24.00 28.00 4.00 0.58 Extension , January 2010 ---------------------------------- AND 57.00 64.00 7.00 0.36 Previously reported interval/trench ------------------------------------------------------------------------- NTR4 85 97.00 12.00 1.31 Previously reported interval/trench ---------------------------------- Including 93 97.00 4.00 2.28 ------------------------------------------------------------------------- NTR5 59.00 68.00 9.00 1.01 Previously reported interval/trench ---------------------------------- Including 61 66.00 5.00 1.32 ------------------------------------------------------------------------- NTR6 91.00 93.00 2.00 1.04 January 2010 ------------------------------------------------------------------------- NTR8 31.00 40.00 9.00 0.37 ---------------------------------- AND 103.00 107.00 4.00 1.89 February-April 2010 ---------------------------------- campaign Including 103.00 106.00 3.00 2.43 ------------------------------------------------------------------------- NTR9 4.00 29.00 25.00 1.95 ---------------------------------- Including 6.00 8.00 2.00 2.64 ---------------------------------- Including 13.00 23.00 10.00 3.93 ---------------------------------- AND 45.00 55.00 10.00 0.48 February-April 2010 campaign ---------------------------------- Including 51.00 53.00 2.00 1.42 ------------------------------------------------------------------------- NTR10 60.00 76.00 16.00 1.38 February-April 2010 campaign ---------------------------------- Including 60.00 71.00 11.00 1.85 ------------------------------------------------------------------------- NTR12 97.00 103.00 6.00 0.15 February-April 2010 campaign ------------------------------------------------------------------------- NTR13 111.00 116.00 5.00 0.49 February-April 2010 campaign ------------------------------------------------------------------------- NTR14 65.00 68.00 3.00 0.55 February-April 2010 campaign ------------------------------------------------------------------------- NTR15 134.00 138.00 4.00 0.21 February-April 2010 campaign ------------------------------------------------------------------------- NOTES: 1) Intersections are based on a 0.2 g/t Au cut-off with no top cut applied. Internal dilution (less than 0.2 g/t Au) has been applied to a maximum of 2m, except for the mineralized interval of 44m in NTR1 and for the mineralized interval of 9m in NTR 8, where dilution has been carried to 3m.The true width is not known. 2) Dry samples were collected at 0.5 to 1m intervals. These were riffle- split to provide 2 kg samples sent to the laboratory. Wet samples were dried in the field and similarly riffle-split. 3) Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge. 4) Standards were inserted every 15 samples, blanks every 30 samples and field duplicates about every 20 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.
The Nassara prospect is located in the southwestern corner of the Danyoro permit, one of the three contiguous permits held by Volta, which together comprise the Gaoua Project. The prospect was initially identified during soil geochemical surveys, where extensive gold-in-soil anomalism over more than 4 kilometers was found to be coincident with a distinctive northwest striking airborne magnetic lineament (see News Release of 15 September, 2009). A ground magnetic survey and a gradient array induced polarization survey (IP), carried out in 2010, have also clearly outlined the target (see Figure 1).
The soil geochemical grid has recently been extended to the north and south to cover the full 10 kilometers of strike highlighted by an airborne magnetic lineament. This soil survey indicates further extension of the anomalism in both directions. The company currently continues to trench several other low-lying whaleback ridges along strike that appear to be coincident with similarly enhanced gold anomalism.
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, towards 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.
Figure 1: http://files.newswire.ca/407/Volta.doc
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For further information: please refer to our website http://www.voltaresources.com or contact Kevin Bullock, P.Eng., President CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email: kbullock@voltaresources.com; Andreas Curkovic, Investor Relations, +1-416-577-9927
SOURCE: Volta Resources Inc.
CONTACT: For further information: please refer to our websitehttp://www.voltaresources.com or contact Kevin Bullock, P.Eng., President CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email:kbullock@voltaresources.com; Andreas Curkovic, Investor Relations,+1-416-577-9927
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