Toronto, ON - June 24, 2009 - Volta Resources Inc. ("Volta"
or the "Company") (TSX:VTR) announced today results from
its recently completed reverse circulation ("RC") drilling
program on the Mam�na-Fofora prospect at its 100% owned Kampti III property
in southern Burkina Faso, West Africa. Highlights include intersections of 41m @ 3.23g/t
gold ("Au"), 5m @ 6.84g/t Au, 6m @ 4.28g/t Au, 8m @ 4.15g/t Au
and 5m @ 2.06g/t Au (see Figure 1).
Kevin Bullock, Volta's President and CEO, said,
"We are excited that we have intersected our best hole yet at Kampti.
The hole sits on an identified strike length of about 300 metres that is
open to the north and south. These results exceed our expectations and we
are eager to follow up with more drilling that will further define the
growing potential at Kampti. Our next step is to undertake another auger
drilling program to infill, refine and further extend the Kampti targets in
order to prepare for the next round of RC and diamond drilling."
Drilling confirms the presence of gold mineralization in all three target
areas, with most holes intersecting anomalous gold values (>0.25g/t Au)
over multiple zones. Highlights of the results are presented in the table
below.
HOLE ID #
|
FROM (m)
|
TO (m)
|
INTERVAL (m)
|
Au (g/t)
|
MID (m)
|
RC66
|
0
|
41
|
41
|
3.23
|
4
|
Incl.15
|
24
|
9
|
9.46
|
0
|
Incl.32
|
39
|
7
|
5.11
|
0
|
RC67
|
0
|
2
|
2
|
3.93
|
0
|
63
|
75
|
12
|
1.04
|
0
|
RC68
|
0
|
2
|
2
|
1.44
|
0
|
43
|
48
|
5
|
6.84
|
0
|
68
|
74
|
6
|
4.28
|
0
|
RC70
|
52
|
59
|
7
|
1.23
|
2
|
RC78
|
14
|
16
|
2
|
1.18
|
0
|
41
|
54
|
13
|
0.55
|
4
|
RC79
|
18
|
22
|
4
|
6.12
|
0
|
80
|
99
|
19
|
1.00
|
3
|
RC80
|
0
|
37
|
37
|
0.66
|
6
|
Incl.13
|
19
|
6
|
1.01
|
0
|
Incl.33
|
37
|
4
|
1.19
|
0
|
48
|
50
|
2
|
2.68
|
0
|
56
|
58
|
2
|
2.14
|
0
|
RC81
|
50
|
52
|
2
|
5.29
|
0
|
80
|
85
|
5
|
2.06
|
0
|
RC83
|
11
|
19
|
8
|
4.15
|
0
|
NOTES:
1) Intervals are core length.
True width is unknown at this time.
2) Intersections are based on a 0.25 g/t Au cut-off with no top cut
applied. Internal dilution (less than 0.25 g/t Au) has been carried to a
maximum internal dilution (MID) as specified in the table. The 0.25 g/t
Au cut-off best expresses the lower-grade envelope in which the
high-grade mineralized systems occur.
3) The intersections listed in the table represent sections of at
least 2m in excess of 1g/t Au and/or sections of at least 10m in excess
of 0.5g/t Au.
4) Dry 1m-interval 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.
5) Samples were sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
6) Standards were inserted every 15 samples, field duplicates about
every 40 and blanks about every 50 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.
|
Initial RC drilling programs carried out at the Mam�na-Fofora prospect
identified 3 target zones in an area actively worked by artisanal
small-scale miners. The Company has successfully refined and classified the
3 target zones into areas of complex and contaminated regolith cover
utilizing a Company owned own tractor-mounted power auger rig. (See Volta's
news release of May 20, 2009).
A total of 20 holes, representing 1,501 meters of drilling, were drilled in
the current program to depths of up to 102 meters, all inclined at -55� to
the west. In all, 1,492 samples were collected for assaying, and 175
control samples (including 104 standards, 39 duplicates and 32 blanks) were
also submitted. The samples were submitted for assay to ALS Chemex's
laboratories in Ouagadougou, Burkina Faso.
TARGET ZONE A: 13 holes were drilled over target Zone A (Holes RC71
- RC84). These holes tested the northern extension of a prominent
NNW-trending structural feature, defined over several kilometers by
coincident chargeable and resistive zones in a gradient array induced
polarization ("IP") survey undertaken by the Company. The
structure hosts numerous artisanal gold workings over 700m of strike where
it widens and is cross cut by a NNE trending shear zone. Drilling confirms
mineralization is associated with abundant narrow quartz vein arrays,
sulphides, silicification and local kaolinization. A number of en echelon
higher grade zones, characterized by a greater density of quartz veining,
were intersected within a broader lower grade envelope over 300m of strike
(between sections including holes RC 77 to RC83).
TARGET ZONE B: 5 holes were drilled over target Zone B (RC66 -
RC70). These holes extended a similar and parallel NNW-trending structure
located approximately 750 metres to the east. Significant grades over
widths ranging between 5 and 41m have been returned by four of the five
holes drilled in the current campaign. To date the mineralized structure
has been confirmed over approximately 300 metres along strike, between holes
RC66 and RC70, and is open to both the north and the south. Significantly,
recent auger drilling has confirmed gold anomalism in saprolite (beneath
contaminated and/or lateritic soils) 300m north of RC66 of the
mineralization. Further auger and RC drilling are planned to fully test the
extent of the mineralized structure.
TARGET ZONE C: 1 hole was drilled over target Zone C (RC85). This
single hole was drilled to test the significant gold anomalism (>0.1g.t)
recently identified during an auger drilling program along a NNE-SSW
trending structure immediately northeast of Zone A. The structure coincides
with a right lateral jog in the coincident IP anomaly and lines up with a
significant intersection encountered in a previous hole RC27 (Volta's see
News release of 20 May, 2009). RC85 intersected 3m @ 0.40g/t Au, explaining
the gold anomalism reported by the auger program.
Table 2: Drill Hole Locations for Holes Drilled at Kampti in 2009.
HOLE ID
|
UTM_X*
|
UTM_Y*
|
AZ
|
DIP
|
Drilled
depth(m)
|
KRC 66
|
446518
|
1123031
|
270�
|
-55
|
84
|
KRC 67
|
446584
|
1122950
|
270�
|
-55
|
75
|
KRC 68
|
446550
|
1122950
|
270�
|
-55
|
75
|
KRC 69
|
446665
|
1122750
|
270�
|
-55
|
48
|
KRC 70
|
446640
|
1122750
|
270�
|
-55
|
75
|
KRC 71
|
445840
|
1123260
|
270�
|
-55
|
48
|
KRC 72
|
445820
|
1123260
|
270�
|
-55
|
66
|
KRC 73
|
445792
|
1123260
|
270�
|
-55
|
66
|
KRC 74
|
445760
|
1123260
|
270�
|
-55
|
66
|
KRC 75
|
445727
|
1123260
|
270�
|
-55
|
60
|
KRC 76
|
445775
|
1123075
|
270�
|
-55
|
12
|
KRC 77
|
445782
|
1123075
|
270�
|
-55
|
101
|
KRC 78
|
445923
|
1122897
|
270�
|
-55
|
75
|
KRC 79
|
445890
|
1122897
|
270�
|
-55
|
100
|
KRC 80
|
445816
|
1122980
|
270�
|
-55
|
100
|
KRC 81
|
445958
|
1122984
|
270�
|
-55
|
100
|
KRC 82
|
445986
|
1122897
|
270�
|
-55
|
76
|
KRC 83
|
445890
|
1122985
|
270�
|
-55
|
100
|
KRC 84
|
445850
|
1122794
|
270�
|
-55
|
102
|
KRC 85
|
446025
|
1123345
|
270�
|
-55
|
72
|
*
Datum WGS84, coordinates as planned, final coordinates to be surveyed and
confirmed.
|
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 committed to West African
exploration and is Canadian-based with its head office in Toronto, Ontario
and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso.
For further information, please refer to our website www.Voltaresources.com or contact:
Kevin Bullock, P.Eng., President & CEO
Tel: (416) 867-2299
Fax: (416) 867-2298
Email: kbullock@voltaresources.com
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: