Volta Resources Inc

Published : January 19th, 2010

Reports Additional Positive Drill Results From Its Kiaka Gold Project In Burkina Faso

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Burkina Faso | Diamond | Ghana | Gold | Recovery | Storage |

Tuesday, January 19, 2010
TSX: VTR

Volta Reports Additional Positive Drill Results From Its Kiaka Gold Project In Burkina Faso


- Volta intersects 42.7m @ 1.21g/t on the KMZ Zone at Kiaka -

Toronto, ON - January 19, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announced today the drill results from the next completed section at its Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. The company commenced an aggressive drilling program comprising more than 150 holes for more than 22,000 metres on November 22nd, 2009 (see Figure 1). Volta intends to complete the program by the end of April 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010. To date, 17 holes have been completed, with results already received for the first 5 holes.

The highlights from the results for the most recently completed 2 holes, which were drilled on Section 5350N, have been received from ALS Chemex Laboratories in Ouagadougou. They include:

  • KRD30 from 0.00 to 56.30m - 56.30m @ 0.73 g/t gold
    • Including - 8.00m @ 1.26 g/t gold
  • And from 86.30 to 129.99m - 42.70m @ 1.21 g/t gold
    • Including - 25.70m @ 1.71 g/t gold
  • KRD31 from 53.00 to 90.00m - 36.70m @ 1.32 g/t gold
    • Including - 14.00m @ 2.31 g/t gold
Vic King, Volta's COO, said, "We are excited that these new results continue the success established by the first holes. Our infill drilling continues to intersect wide mineralization at the KMZ zone confirming previous results defined by Randgold on the same section in holes KDH03 and KDH15. More importantly, the higher grade zones defined in the cross section 100m to the southwest can be traced along strike, providing additional confidence in the continuity of the mineralization."

Volta's current drill program will test 1,200m of strike of the 2,800m long KMZ zone and 500m of the 700m long KHZ zone. The program will infill and extend drilling such that the KMZ zone is drilled to 50m x 50m spacing from surface to a 150m depth and 100m x 50m from 150m to 200m deep. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to a 100m depth and 100m x 50m from 100m to 150m deep. Planning and optimization of the drill program was undertaken with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered as efficiently as possible.

In order to appreciate the extent and geometry of the mineralization on the 5350N section, the results for the two Volta holes and two of Randgold's holes are highlighted in Table1 below and on the section (see Figure 2). Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in Ouagadougou. Both Volta and Randgold sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.


NOTES:

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 of 5m for the lower grade mineralization envelope (increased to 6m for KDH03 and KRD30).
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 also 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 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 core portions of the drill holes were sampled at one metre 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 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.


The Kiaka gold project lies at the intersection of the northeast striking Tenkodogo greenstone belt and the regionally significant north striking Markoye Fault, in whose proximity some of the larger gold resources discovered in Burkina Faso so far, have been discovered. These include Iamgold's Essakane deposit (5.1 M oz), High River Gold's Taparko deposit (1.7 M oz), Orezone's Bombore deposit (2.1 M oz) and Etruscan's Youga deposit (1.5 M oz).

TABLE 2: Borehole collar coordinates and orientation parameters


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 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: (647) 388-1842
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.



You can also view this News Release on our website at:
http://www.voltaresources.com/s/NewsReleases.asp?ReportID=381123


 
Data and Statistics for these countries : Burkina Faso | Ghana | All
Gold and Silver Prices for these countries : Burkina Faso | Ghana | All

Volta Resources Inc

DEVELOPMENT STAGE
CODE : VTR.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Volta Res is a gold and copper producing company based in Canada.

Its main asset in development is KIAKA in Burkina Faso.

Volta Res is listed in Canada and in Germany. Its market capitalisation is CA$ 51.3 millions as of today (US$ 47.9 millions, € 34.8 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.05, and its highest recent level on December 03, 2010 at CA$ 2.65.

Volta Res has 155 370 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Volta Resources Inc
8/5/2011Closes $40 Million Underwritten Private Placement of Special...
9/30/2009$5 Million Bought Deal Private Placement
Option Grants of Volta Resources Inc
6/14/2013ources reports on Annual and Special Meeting of Shareholders...
Nominations of Volta Resources Inc
9/3/2012Announces Appointment of CFO & Corporate Secretary
3/22/2011Appoints Alex J. Davidson To Its Board Of Directors
Project news of Volta Resources Inc
12/20/2013B2Gold Corp. and Volta Resources Inc. Complete Business Comb...
11/15/2013B2Gold Corp. and Volta Resources Inc. Sign Arrangement Agree...
7/12/2013(Kiaka)to Suspend Its Current Approach to the Feasibility Study at ...
7/12/2013(Kiaka)ources to suspend its current approach to the feasibility st...
3/27/2013(Gaoua)ources Initiates Strategic Review Process in Relation to its...
1/23/2013(Gaoua)reases Inferred Resources By 182% At Gaoua Copper-Gold Porph...
11/7/2012(Kiaka)files technical report on Kiaka South Area Deposit
5/3/2012(Kiaka)Announces Robust Pre-Feasibility Study and Mandating of Proj...
2/21/2012(Kiaka)Continues To Report Wide Intersections From The Central Are...
1/31/2012(Banda Ahenkro)Reports Results from Scout Drilling Undertaken at Banda Ahen...
1/24/2012Confirms New Gold Mineralization At Its Large Toulfe Anomaly...
9/22/2011Commences 5,300M Drilling Program at its Toulfe Prospect, Ti...
9/19/2011(Kiaka)Announces Commencement of a Pre-Feasibility Study For Its Ki...
9/19/2011(Kiaka)ources announces commencement of a Pre-Feasibility Study for...
6/1/2011(Kiaka)Intersects 174.35 m @ 1.01 g/t Gold, Including 7 m @ 2.28 g/...
5/26/2011(Kiaka)REPORTS 216.15m @ 0.99 g/t GOLD, INCLUDING 12.0m @ 2.07 g/t ...
4/20/2011(Kiaka)Reports 242.0M @ 1.41G/T Gold At Its Kiaka Gold Project In B...
3/31/2011(Kiaka)Intersects 179.9m @ 1.03g/t Gold, Including 30.8m @ 1.68g/t ...
2/22/2011(Kiaka)Reports More Drill Intersections Exceeding 200 Meters Notabl...
9/28/2009(Gaoua)Auger Drilling Program Identifies New Copper-Gold Anomaly an...
9/15/2009(Gaoua)New Gold Discovery on Volta's Gaoua Project in Burkina Faso
7/22/2009(Bui Belt)Bui Dam Update - Ghana
6/24/2009(Kampti)Intersects 41 Metres @ 3.23 Grams Per Tonne of Gold at its K...
3/10/2009Tinga "B" Prospect - Scout RC Drilling Results
2/5/2009(Gaoua)Resource Estimate At Gaoua 724,880,000 Lbs Of Copper And 1,0...
1/29/2009(Gaoua)Gaoua Copper-Gold Project No Longer Subject to Freeport Earn...
5/7/2008(Gaoua)Commences Phase Two Core Drilling Program At Its Gaoua Coppe...
5/5/2008(Cluster)Aircore Drilling Extends Gold Mineralization At Volta's Cher...
4/14/2008(Tinga)Encouraging Drill Results for Tinga Property, Ghana
Corporate news of Volta Resources Inc
12/17/2013Joint News Release - Volta Obtains Shareholder Approval for ...
12/6/2013ISS and Glass Lewis recommend that Volta Resources sharehold...
10/28/2013B2Gold Corp. Agrees to Acquire Volta Resources Inc.
10/18/2013(Kiaka)Auger Drilling Defines Additional Significant Gold Targets i...
4/11/2013(Kiaka)Highlights Multiple Gold Exploration Targets on Regional Str...
1/10/2013(Kiaka)Higher Grade Lenses Support Phased Development And Selective...
1/8/2013(Kiaka)ources extends mineralization at depth at its Kiaka Gold Pro...
12/12/2012(Gaoua)ources extends porphyry copper-gold mineralization at Gongon...
10/24/2012(Kiaka)Intersects 126.0M At 1.90G/T Gold (Uncut) At Its Kiaka Gold ...
10/11/2012(Kiaka)Intersects 55.85m @ 4.29g/T Gold (Uncut) At Its Kiaka Gold ...
9/27/2012(Kiaka)Announces Maiden Resource for the Kiaka South Area Deposit a...
9/13/2012(Kiaka)Continues To Report High-Grade Gold Intercepts From The Kiak...
8/29/2012(Kiaka)Confirms The Extension Of The High-Grade Kiaka South Gold M...
6/12/2012(Kiaka)Confirms High-Grade Gold Mineralization At Its Kiaka South T...
3/21/2012(Kiaka)reases Measured & Indicated Gold Resources by 33% at the Kia...
3/6/2012(Kiaka)Extends Mineralization at Depth at Its Kiaka Gold Project in...
2/28/2012(Kiaka)Reports High-Grade Extension at Depth at Its Kiaka Gold Proj...
2/15/2012(Kiaka)Significantly Increases Holdings Around Kiaka, Along the Mar...
2/14/2012(Kiaka)Reports New High-Grade Gold Discovery At Its Kiaka Gold Proj...
1/16/2012(Kiaka)Extends Gold Mineralization Farther North at its Kiaka Gold ...
11/29/2011(Kiaka)Confirms and Extends Gold Mineralization in the North of it...
10/25/2011Hires Alexandru Arhire as Vice President, Operations
10/13/2011(Kiaka)Drills 121.15m @ 2.10 G/T Gold at its Kiaka Gold Project in ...
9/14/2011(Gaoua)Makes Another New Gold Discovery at the Nassara Prospect, Ga...
9/14/2011(Gaoua)ources makes another new gold discovery at the Nassara Prosp...
9/1/2011(Kiaka)Demonstrates New Mineralization Extending to the Northeast a...
8/23/2011Obtains Receipt for Qualification Prospectus
8/8/2011(Kiaka)Files Updated NI 43-101 Technical Report on the Kiaka Gold P...
7/14/2011ources Announces $40 Million Underwritten Private Placement ...
6/29/2011(Kiaka)More Than Doubles The Gold Resource At Its Kiaka Gold Proje...
6/23/2011(Kiaka)Confirms Continuity And Extends Mineralization to the Northe...
6/8/2011(Gaoua)Commences 15,000M Drilling Program to Follow-Up Gold Targets...
1/19/2010Reports Additional Positive Drill Results From Its Kiaka Gol...
9/18/2009is Granted the Massabougou Permit in Mali
9/8/2009Signs Letter of Intent to Purchase the Advanced Kiaka Gold P...
2/5/2009Receives Recommendation to Advance The Eagle Zone Deposit to...
1/13/2009Latest Drilling At Gaoua Confirms Historical Data And Uncove...
6/11/2008Acquires Two New Gold Exploration Permits In Burkina Faso, W...
5/1/2008 Amend Earn-In Agreement
4/18/2008Expands Its Property Portfolio In Burkina Faso
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (VTR.TO)FRANKFURT (VR7.F)
0.330-1.49%0.236-13.24%
TORONTO
CA$ 0.330
12/27 15:59 -0.010
-1.49%
Prev close Open
0.340 0.335
Low High
0.330 0.340
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.330 -%
Volume 1 month var.
109,360 -%
24hGold TrendPower© : 32
Produces
Develops Gold
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-1.97%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.26-0.53%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58-0.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49-0.40%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.41-1.34%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.72-0.86%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.68-1.39%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.03%Trend Power :