-109.0 m @ 1.36 g/t gold, including 16.0m @ 3.69 g/t gold-
Toronto, ON -- March 4th 2010 - 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 5 holes located on Section 5475N,
respectively some 25m NE of previous released section 5450N (see News
Release of February 22nd). These holes are aimed at infilling the main
deposit defined so far in the Central Area to a 25m x 50m drill spacing and
to extend the drilling depth down a further 100 vertical meters. The highlights
from the section include:
- KRD182 : 73.1m @
0.90g/t Au, incl. 19.0m @ 2.24g/t Au
- KDH184 : 93.9m @
1.03g/t Au, incl. 18.0m @ 2.00g/t Au
- KDH186 : 65.0m @
1.11g/t Au, incl. 6.0m @ 2.57 g/t Au AND 11.0m @ 3.53g/t Au
- KRD189 : 109.0m @
1.36g/t Au, incl. 16.0m @ 3.69 g/t Au
- KDH190 : 174.0m @
0.86g/t Au, incl. 29.0m @ 1.76 g/t Au
Kevin Bullock, Volta's CEO, said, "At this
point, after repeated and consistent positive results, we are eager to
advance Kiaka to the next stage of its
development. We have widened and lengthened the mineralized zones and
followed them deeper than ever before. We anticipate our updated NI 43-101
resource, due out by the end of June, will provide a foundation to
accelerate Kiaka's development path."
The holes on Section 5475N have extended the Kiaka
Main Zone (KMZ) mineralization to over 300m vertical depth. 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 5475N.
BHID
|
FROM
|
TO
|
INTERVAL
|
Au g/t
|
COMMENTS
|
KRD182
|
46.00
|
131.00
|
85.00
|
0.80
|
|
INCL
|
66.00
|
79.00
|
13.00
|
1.45
|
|
INCL
|
83.95
|
87.00
|
3.05
|
1.62
|
|
INCL
|
96.00
|
100.00
|
4.00
|
1.25
|
|
INCL
|
109.80
|
121.00
|
11.20
|
1.23
|
|
AND
|
147.00
|
223.00
|
76.00
|
0.69
|
|
INCL
|
157.00
|
168.00
|
11.00
|
1.03
|
|
INCL
|
173.00
|
189.00
|
16.00
|
1.09
|
|
INCL
|
195.00
|
206.00
|
11.00
|
0.85
|
|
AND
|
238.00
|
311.10
|
73.10
|
0.90
|
|
INCL
|
243.00
|
262.00
|
19.00
|
2.24
|
|
INCL
|
278.00
|
283.00
|
5.00
|
1.16
|
|
KDH184
|
4.00
|
16.00
|
12.00
|
1.61
|
|
INCL
|
4.00
|
15.00
|
11.00
|
1.69
|
|
AND
|
21.20
|
26.20
|
5.00
|
1.24
|
|
AND
|
98.10
|
192.00
|
93.90
|
1.03
|
|
INCL
|
103.60
|
122.00
|
18.40
|
1.65
|
|
INCL
|
127.00
|
145.00
|
18.00
|
2.00
|
|
AND
|
219.00
|
239.00
|
20.00
|
0.99
|
|
INCL
|
220.00
|
227.15
|
7.15
|
1.53
|
|
INCL
|
231.00
|
236.00
|
5.00
|
1.11
|
|
KDH186
|
2.50
|
78.00
|
75.50
|
0.94
|
|
INCL
|
40.00
|
57.00
|
17.00
|
2.28
|
|
INCL
|
63.00
|
66.00
|
3.00
|
1.34
|
|
AND
|
84.00
|
100.00
|
16.00
|
0.61
|
|
INCL
|
92.00
|
96.00
|
4.00
|
1.19
|
|
AND
|
107.00
|
172.00
|
65.00
|
1.11
|
|
INCL
|
110.00
|
116.00
|
6.00
|
2.57
|
|
INCL
|
125.00
|
136.00
|
11.00
|
3.53
|
126.0-127.0 / 23.5g/t Au
|
KRD189
|
0.00
|
70.30
|
70.30
|
1.39
|
|
INCL
|
0.00
|
33.00
|
33.00
|
1.61
|
21.0-22.0m : 13.6g/t Au
|
INCL
|
38.00
|
57.30
|
19.30
|
1.94
|
|
INCL
|
99.00
|
102.00
|
3.00
|
1.12
|
|
INCL
|
123.00
|
126.00
|
3.00
|
1.04
|
|
AND
|
139.00
|
248.00
|
109.00
|
1.36
|
|
INCL
|
139.00
|
165.60
|
26.60
|
1.79
|
|
INCL
|
168.00
|
180.00
|
12.00
|
1.74
|
|
INCL
|
204.00
|
207.00
|
3.00
|
1.24
|
|
INCL
|
232.00
|
248.00
|
16.00
|
3.69
|
234.0-235.0m : 20.7g/t Au
|
AND
|
264.80
|
275.00
|
10.20
|
0.52
|
|
AND
|
304.70
|
344.70
|
40.00
|
1.01
|
|
INCL
|
318.00
|
322.00
|
4.00
|
1.51
|
|
INCL
|
333.00
|
340.00
|
7.00
|
2.41
|
|
KDH190
|
47.00
|
76.00
|
29.00
|
0.54
|
|
INCL
|
54.00
|
58.00
|
4.00
|
1.70
|
|
AND
|
111.00
|
285.00
|
174.00
|
0.86
|
|
INCL
|
139.00
|
148.40
|
9.40
|
1.79
|
|
INCL
|
183.00
|
191.00
|
8.00
|
2.06
|
|
INCL
|
206.00
|
235.00
|
29.00
|
1.76
|
|
INCL
|
249.00
|
253.00
|
4.00
|
1.04
|
|
INCL
|
258.00
|
261.00
|
3.00
|
1.50
|
|
INCL
|
264.00
|
285.00
|
21.00
|
0.95
|
|
AND
|
293.00
|
354.00
|
61.00
|
0.77
|
|
INCL
|
301.00
|
311.00
|
10.00
|
1.01
|
|
INCL
|
314.00
|
319.00
|
5.00
|
1.29
|
|
INCL
|
328.00
|
331.00
|
3.00
|
1.34
|
|
INCL
|
339.00
|
343.00
|
4.00
|
2.00
|
|
AND
|
390.00
|
402.00
|
12.00
|
0.99
|
|
INCL
|
391.00
|
394.00
|
3.00
|
1.69
|
|
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 envelop,
except for holes KRD182, KDH 184 and KDH 189 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 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.
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: Borehole collar coordinates and orientation parameters for
Section 5475N.
Hole ID
|
Easting
|
Northing
|
Elevation
|
Depth
|
Dip
|
Azimuth
|
RC
|
DD
|
|
|
|
(m)
|
(m)
|
(degrees)
|
(degrees)
|
(m)
|
(m)
|
KRD182
|
739405
|
1289527
|
269
|
321,28
|
-60
|
135
|
33,00
|
288,28
|
KDH184
|
739437
|
1289496
|
268
|
241,00
|
-58
|
135
|
-
|
241,00
|
KDH186
|
739473
|
1289461
|
267
|
190,00
|
-55
|
135
|
-
|
190,00
|
KRD189
|
739508
|
1289427
|
266
|
345,00
|
-60
|
315
|
34,00
|
311,00
|
KDH190
|
739365
|
1289566
|
269
|
415,00
|
-60
|
135
|
-
|
415,00
|
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, towards a development decision.
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
(416) 577-9927
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.
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