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Volta Resources Inc

Publié le 06 mars 2012

Extends Mineralization at Depth at Its Kiaka Gold Project in Burkina Faso

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Mots clés associés :   Burkina Faso | Copper | Ghana |

Tuesday, March 06, 2012
TSX: VTR

Volta Extends Mineralization at Depth at Its Kiaka Gold Project in Burkina Faso

- Intersects 121.0m @ 1.25g/t Gold, including 36.9m @ 2.14g/t Gold -
- Also 59.0m @ 2.22g/t Gold, including 27.0m @ 3.64g/t Gold -


Toronto, ON - March 6th, 2012 - Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces the results from an additional six drill holes from its on-going Phase 3 program at its Kiaka Gold Project in Burkina Faso. Phase 3 comprises approximately 50,000m of drilling being undertaken to extend resources in the Central Area, to follow up positive results in the South Area, to test several more ground geophysical targets and undertake scout drilling on regional targets on the Kiaka property (see News Release of 13 October 2011).

The reported holes, comprising a total of 3,469.4m, were drilled across the Kiaka Main Zone (KMZ) orebody (5 holes) and (one hole) just south of the KMZ. They respectively aimed at extending the resources in the Central Zone at depth and at testing the southern continuity of the Main Orebody. All holes were oriented N135�E and drilled with an inclination of -60�.

The holes on sections 5200N to 5525N confirm the continuity of wide mineralization at depth. In particular holes KDH329, KDH332 and KDH335 have extended the mineralization in that area to a vertical depth of over 450m.

The highlights from the reported drill holes include :

.KDH329 :   43.3m @ 1.22g/t Au, including 3.0m @ 6.24g/t Au AND
135.0m @ 1.12g/t Au, including 16.0m @ 1.61g/t Au
.KDH330 :   59.0m @ 2.22g/t Au, including 27.0m @ 3.64g/t Au AND
121.0m @ 1.25g/t Au, including 36.9m @ 2.14g/t Au
.KDH332 :   21.0m @ 1.54g/t Au, including 3.0m @ 3.76g/t Au AND
92.2m @ 0.99g/t Au, including 36.0m @ 1.28g/t Au
.KDH333 :   35.2m @ 1.28g/t Au AND
53.1m @ 1.04g/t Au, including 8.0m @ 1.76g/t Au
.KDH335 :   65.0m @ 1.10g/t Au, incluidng 9.0m @ 4.18g/t Au AND
105.5m @ 0.81g/t Au, including 11.0m @ 1.23g/t Au AND
52.0m @ 1.28g/t Au, including 17.0m @ 1.75g/t Au

Kevin Bullock, Volta's CEO, said, "With the results from the final holes of the infill drilling now starting to come in, we look forward to announcing an updated NI 43-101 compliant resource within the next few weeks."

Results for the holes are highlighted in Table 1 and in locations shown 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 rigorous QA/QC elements that employed the inclusion of certified standards and blanks.

Table 1: Highlights of gold intersections for the reported boreholes
BHID
FROM
TO
INTERVAL
Au
COMMENTS
 
(m)
(m)
(m)
(g/t)
 
KDH329
59.00
62.00
3.00
5.29
59.0 - 60.0 = 14.60g/t Au
AND
87.00
107.00
20.00
0.50
 
AND
147.00
180.00
33.00
0.67
 
INCL
174.00
178.70
4.70
1.54
 
AND
248.70
292.00
43.30
1.22
254.0 - 254.0 = 17.05 g/t Au
INCL
251.00
254.00
3.00
6.24
 
INCL
262.00
265.00
3.00
2.92
 
AND
368.00
391.00
23.00
0.65
 
AND
398.00
432.00
34.00
0.57
 
AND
444.00
579.00
135.00
1.12
530.0 - 531.0 = 10.15g/t Au
INCL
448.00
470.00
22.00
1.82
 
INCL
489.00
498.00
9.00
1.31
 
INCL
501.85
507.00
5.15
1.12
 
INCL
516.00
532.00
16.00
1.61
 
INCL
536.60
545.00
8.40
1.03
 
INCL
548.00
573.00
25.00
1.50
 
AND
635.00
647.00
12.00
0.71
 
KDH330
259.00
318.00
59.00
2.22
280.0 -281.0 = 33g/t Au ; 298.0 -299.0 = 10.95g/t Au ; 301.6 - 302.2 = 23.6g/t Au
INCL
276.00
303.00
27.00
3.64
 
AND
326.00
343.00
17.00
0.63
 
AND
349.00
470.00
121.00
1.25
369.0 - 370.0 = 13.10g/t Au ; 429.0 - 430.0 = 31.70g/t Au
INCL
368.00
375.90
7.90
3.07
 
INCL
379.00
390.00
11.00
1.52
 
INCL
403.10
440.00
36.90
2.14
 
INCL
455.50
458.00
2.50
1.95
 
AND
480.10
497.00
16.90
0.69
 
INCL
486.30
492.00
5.70
1.15
 
AND
522.00
525.00
3.00
1.00
 
KDH331
249.00
256.00
7.00
1.11
 
INCL
249.00
252.00
3.00
2.01
 
KDH332
27.15
31.00
3.85
0.73
 
AND
227.00
248.00
21.00
1.54
247.0 - 248.0m = 14.10g/t Au
INCL
236.00
239.00
3.00
3.76
 
AND
269.85
288.00
18.15
1.00
 
INCL
269.85
277.00
7.15
1.67
 
AND
321.00
326.10
5.10
1.18
 
AND
356.00
379.00
23.00
0.55
 
INCL
359.10
363.00
3.90
1.02
 
AND
395.80
488.00
92.20
0.99
 
INCL
395.80
400.00
4.20
1.65
 
INCL
410.00
414.00
4.00
1.13
 
INCL
418.00
420.30
2.30
1.53
 
INCL
424.00
460.00
36.00
1.28
 
INCL
463.00
471.00
8.00
1.33
 
INCL
473.90
477.00
3.10
1.44
 
AND
495.00
503.35
8.35
1.32
 
INCL
496.00
502.25
6.25
1.65
 
AND
518.35
601.00
82.65
0.62
 
INCL
526.00
531.95
5.95
1.86
 
INCL
536.90
540.00
3.10
1.29
 
INCL
547.40
553.00
5.60
0.89
 
INCL
557.00
565.00
8.00
0.95
 
AND
624.00
630.00
6.00
0.85
 
INCL
627.00
630.00
3.00
1.38
 
KDH333
23.00
29.00
6.00
1.35
 
AND
257.00
309.00
52.00
0.82
 
INCL
265.50
274.00
8.50
1.69
 
INCL
281.00
285.00
4.00
1.73
 
INCL
288.00
296.90
8.90
1.15
 
AND
329.20
333.20
4.00
1.33
 
AND
361.80
397.00
35.20
1.28
 
INCL
361.80
384.00
22.20
1.40
 
INCL
387.00
396.00
9.00
1.29
 
AND
406.00
459.10
53.10
1.04
 
INCL
409.00
417.00
8.00
1.76
 
INCL
420.00
425.00
5.00
1.58
 
INCL
454.00
459.10
5.10
1.34
 
AND
465.00
489.00
24.00
0.55
 
INCL
465.00
468.00
3.00
0.82
 
INCL
474.00
477.00
3.00
0.83
 
KDH335
79.00
96.25
17.25
1.41
 
INCL
87.00
96.25
9.25
2.26
 
AND
102.90
114.10
11.20
0.78
 
AND
233.95
256.00
22.05
0.79
 
INCL
251.00
256.00
5.00
1.08
 
AND
269.00
272.00
3.00
1.63
 
AND
314.00
379.00
65.00
1.10
322.3 - 323.0 = 29.12g/t Au
INCL
315.00
324.00
9.00
4.18
 
INCL
367.00
372.00
5.00
1.26
 
AND
412.00
517.50
105.50
0.81
472.2 - 473.0 = 17.44g/t Au
INCL
442.00
447.00
5.00
1.02
 
INCL
472.20
475.00
2.80
6.82
 
INCL
483.00
497.10
14.10
1.14
 
INCL
505.00
516.00
11.00
1.23
 
AND
524.00
535.00
11.00
1.08
 
INCL
527.00
535.00
8.00
1.23
 
AND
544.00
553.70
9.70
1.50
 
INCL
546.00
552.60
6.60
1.97
 
AND
561.00
613.00
52.00
1.28
 
INCL
562.00
579.00
17.00
1.75
 
INCL
581.00
595.65
14.65
1.54
 
AND
627.90
638.00
10.10
0.65
 
INCL
635.00
638.00
3.00
1.38
 
AND
661.00
665.00
4.00
1.09
 
Notes on Table 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.
  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.
  4. No top cut has been applied.
  5. 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.
  6. The intersections represent sections drilled by cored drilling (see Table 2).
  7. The cored 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.
  8. Samples were sent to ALS Chemex in Ouagadougou for standard preparation followed by Fire Assay on a 50g charge.
  9. 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 : Collar coordinates and orientation parameters for the reported boreholes
SECTION Hole ID Easting Northing Elevation Depth Dip Azimuth
        (m) (m) (degrees) (degress)
5525N
KDH329
739263
1289747
273.4
700.65
-60
135
5475N
KDH332
739224
1289712
275.2
700.00
-60
135
5450N
KDH335
739192
1289712
277.3
700.63
-60
135
5250N
KDH330
739137
1289482
271.1
525.90
-60
135
5200N
KDH333
739101
1289448
271.0
520.10
-60
135
4850N
KDH331
738921
1289130
267.0
322.12
-58
135

Volta Resources also announces the commencement of a drilling program at its Gaoua Cu-Au porphyry project totaling approximately 17,000 meters. The Company plans to carry out an updated resource calculation at the Gaoua Cu-Au porphyry project starting after the drilling is completed.

Under the guidelines of National Instrument 43-101, the qualified person for the Kiaka Gold Project and the Gaoua Cu-Au porphyry project is Mr. Guy Franceschi, Vice President, Exploration for Volta Resources. Mr. Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.

Volta Resources has a portfolio of quality gold exploration projects in Burkina Faso and Ghana, both mining-friendly West African jurisdictions with proven world-class gold deposits. VTR will focus on fast-tracking its flagship Kiaka Gold Project (NI-43-101 compliant resources include 90.29 million tonnes @ 1.04 g/t Au for 3,018,000 ounces in the Measured and Indicated categories and 38.52 million tonnes @ 1.00 g/t Au for 1,260,000 ounces in the Inferred category [Please see VTR press release dated June 29, 2011]) towards a development decision, aiming to complete a Feasibility Study in Q1, 2013. Recent acquisition of properties around Kiaka have provided VTR with an extensive ground position along the highly prospective Markoye Fault Corridor in an important emerging gold province. VTR will also advance exploration at its Gaoua Copper-Gold Project, Nassara Gold Project and Titao Gold Project, all located in 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

or

Andreas Curkovic, Investor Relations
Tel: (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 Resources 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 Resources 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: Location of reported drill holes


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Données et statistiques pour les pays mentionnés : Burkina Faso | Ghana | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Ghana | Tous

Volta Resources Inc

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Volta Res est une société de production minière d'or et de cuivre basée au Canada.

Son principal projet en développement est KIAKA au Burkina Faso.

Volta Res est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 51,3 millions CA$ (47,9 millions US$, 34,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 28 novembre 2008 à 0,05 CA$, et son plus haut niveau récent le 03 décembre 2010 à 2,65 CA$.

Volta Res possède 155 370 000 actions en circulation.

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Advance Notice - Full Year Results Conference Call
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Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
10,87 US$-3,12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,55 GBX-0,36%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$-8,33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,38 CA$-4,03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,79 CA$-0,32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,86 CA$+0,54%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,13 US$+0,58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,88%Trend Power :