Reverse circulation drill results from Bansié Project, Burkina Faso
Fri Oct 17, 8:45 AMTSX: VTR
TORONTO, Oct. 17 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR.TO) wishes to announce the results from a reverse circulation ("RC") scout drilling program carried out on its wholly-owned Bansié Gold Project, located in the southern Hounde Belt, an emerging gold camp in Burkina Faso, West Africa.
The drilling program was designed to test approximately 1km of a 2km long rock chip and gold-in-soil anomaly (see map). The anomaly coincides with a gold-bearing structural corridor, which extends southward for 20 km onto the adjacent Dossi property. This prospective gold-bearing structure is defined by an intense deformation zone, which includes strong shearing and folding within Birimian metasediments in proximity to a contact with metavolcanic units on the eastern margin of the Hounde Belt. The intense shearing is north-south trending and exhibits intense carbonate and sericite alteration with a strong silicification overprint and the development of quartz vein stockwork. Multiple parallel, north-south trending quartz veins, which are currently subject to intensive artisanal gold mining, are also present.
The 2,003 meter, 28 hole RC drill program was carried out by West African Drilling Services. Four fences were drilled along the main trend of the structure and a fifth tested a parallel structure located approximately 500 meters to the east. All holes were drilled at -55 degrees to the west and to a vertical depth of less than 70 meters. The better intersections encountered in the program are tabled below.
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Hole ID From To Interval Grade
meters g/t Gold
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BRC002 23 31 8 0.68
including 23 26 3 1.39
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BRC010 20 21 1 3.04
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BRC011 14 29 15 0.63
including 21 22 1 3.02
including 26 29 3 1.41
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BRC012 11 12 1 4.89
and 48 50 1 2.2
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BRC013 20 39 19 0.58
including 24 25 1 4.16
including 31 32 1 2.33
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BRC014 47 50 3 1.96
including 48 49 1 5.19
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BRC015 3 4 1 1.24
and 63 64 1 1.27
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BRC018 28 35 7 0.82
including 28 31 3 1.33
and 62 63 1 2.57
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BRC020 7 15 8 0.86
including 9 11 2 2.51
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BRC024 6 9 3 1.01
and 31 32 1 3.32
and 45 46 1 1.31
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BRC025 2 3 1 1.88
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BRC027 8 16 8 0.85
including 12 13 1 4.61
and 26 44 18 0.62
including 39 44 5 1.36
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BRC028 45 55 10 0.89
including 45 47 2 2.65
and 52 53 1 2.48
and 61 62 1 1.29
and 78 79 1 1.12
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NOTES TO TABLE:
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 of 2m. The 0.25 g/t Au cut-off best expresses the lower-grade
envelope that can be traced along the strike extent tested to date.
3) The intersections listed in the table represent sections of at least
2m in excess of 0.75g/t Au or 1m in excess of 1g/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) One standard, one blank and one field duplicate were inserted every 20
samples. The blanks, certified standards and check assays confirm that
all assays used to compile the intersections quoted here have passed
Volta's rigorous QA/QC checks.
The results show continuity of the gold mineralization along the structure over the 1 km strike extent tested. Additional field mapping is planned to assess whether the potential along strike for enhanced grades over the 8-19m wide mineralized zones exists.
Under the guidelines of National Instrument 43-101, the qualified person for the Bansié project is Mr. Guy Franceschi, Vice President, Exploration for Volta Resources Inc. 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 the 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.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy 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.
Bansie Project, Burkina Faso - RC Drill Plan
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http://files.newswire.ca/407/VoltaBansieProject.doc
Contactsrefer 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
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