June
11, 2008 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) is pleased to announce
that its wholly-owned subsidiary, Wentworth Gold SARL, has been granted two
(2) new exclusive exploration permits in Burkina Faso (see Figure 1 below)
known as the Barga II and Dahisma permits.
The Barga II permit covers 114 km� and flanks the western boundaries of the
Company's Titao I and Titao Sud group of properties. Cumulatively, the Titao
gold project now covers 548 km2 in three contiguous permits. The Titao gold
project area occurs within an individual segment of the NNE trending Hounde
Greenstone Belt, in the ENE inflection of the belt and near the junction
with the Boromo-Goren belt. Recent mapping and reconnaissance surveys
carried out over the area have shown that the Titao permits are underlain
in their central part by volcanic and volcano-sedimentary formations,
intruded by several plutons, and are traversed by a major NE trending shear
zone (the "Djibo deformation zone"). The properties are host to
numerous gold occurrences, many of which have been worked by artisanal
miners. The gold occurrences occur preferentially along two main
mineralization trends: ENE and N-S and have associated quartz vein
populations. The NE and ENE trending shears, visible in ASTER (a
satellite-borne imaging process) and airborne geophysical imagery, are
dominant within the area. The granting of the Barga II permit will allow
the Company to track the extent of the known mineralized structures further
westward. An airborne magnetic and radiometric survey is planned to be
completed by the end of July over the Titao area, including part of the
Barga II permit.
The Dahisma property (123.5km�) is situated 90km northeast of Ouagadougou,
in the Goren greenstone belt, close to the regional NNE trending Markoye
fault. The Markoye fault is an important regional structure in West Africa
which extends for several hundred kilometers and hosts associated
subsidiary structures that are associated with abundant gold occurrences.
The Goren greenstone belt is an emerging gold camp in Burkina Faso, with
several deposits currently being developed and includes one operational
mine, namely the Taparko gold mine (proven and probable reserves 8.6 Mt @
3.0 g/t Au or 827,000 oz Au). The Dahisma property is underlain by volcanics and
volcano-sediments which surround a granitic intrusive, occupying the
southern part of the permit. A reconnaissance soil and rock chip sampling
program is being planned.
Under the guidelines of National Instrument 43-101, the qualified person
for the Gaoua project is Mr. Guy Franceschi, Vice President, Exploration of
Volta. Mr. Franceschi is a member of the European Federation of Geologists
and has reviewed and approved the contents of this news release.
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.
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
Investor Relations: Vancouver
Farah Alibhai
Tel: (604) 731-7340
Email: falibhai@voltaresources.com
Investor Relations: Toronto
Greg Taylor
Tel: (905) 337-7673
Email: gtaylor@voltaresources.com
The
Toronto Stock Exchange does not accept responsibility for the adequacy or
accuracy of this news release.
Figure 1: New Volta Property Acquisitions, Burkina Faso -- Barga II
and Dahisma Permits
