Volta Resources intersects 8 metres grading 12.34 g/t gold at its Kampti Gold Project, Burkina Faso, West Africa
Wed Jun 18, 2:38 PMTSX: VTR
TORONTO, June 18 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR.TO) is pleased to announce results from its recently completed reverse circulation ("RC") drilling program on its 100% owned Kampti III permit in southernmost Burkina Faso, West Africa. A total of 38 holes, representing 2,502 metres ("m") of drilling, were drilled to depths of up to 110m, all at a 55 degree inclination to the west. Highlights from the drill program include intersections of 8m at 12.34g/t gold ("Au"), 8m at 11.81g/t Au, 14m at 2.77g/t Au and 5m at 5.21g/t Au (see Figure 1 - http://files.newswire.ca/407/KamptiRCDrillResults.doc).
The drill program focused mainly on Maména-Fofora (30 holes), an area of intense artisanal gold mining activity in the northernmost portion of the Kampti permit. In addition, a new artisanal gold site, to the west of Maména-Fofora, known as Tiossera was also drill tested (8 holes).
Several NNW-SSE trending mineralized structures that are being exploited by the artisanal miners occur where the Company has defined coincident chargeable and resistive zones during a gradient array induced polarization ("IP") survey. These structures were drill tested on several widely spaced fences, comprising between 2 and 7 holes each, over an area of greater than 6km(2). Drilling confirms the widespread presence of gold mineralization along the tested structures, with most holes encountering anomalous gold values and intersecting one or more 1 meter intervals with at least 0.25 g/t Au. Highlights of the results include:
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RC HOLE FROM TO INTERVAL Au
NB (m) (m) (m) (g/t) REMARK
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27 102 110 8 12.34 Halted in mineralization, open
at depth
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28 59 67 8 11.81
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72 78 6 1.62
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31 7 12 5 1.01
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30 34 4 1.12
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32 12 13 1 1.64
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35 51 53 2 2.30
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56 57 1 3.23
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62 76 14 2.77 Halted in mineralization, open
at depth
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INCL. 73 76 3 6.25 Halted in mineralization, open
at depth
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36 0 14 14 0.81
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41 29 34 5 5.21
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46 27 35 8 1.03
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INCL. 27 30 3 2.24
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41 42 1 0.98
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48 49 1 1.30
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56 23 25 2 0.83
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64 37 41 4 0.93
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49 50 1 1.73
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65 44 46 2 1.05
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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 of 2m. 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 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) Standards were inserted every 15 samples, field duplicates every 40
and blanks every 50 samples. Laboratory repeat assays were undertaken
on an approximate basis of 1 in 12 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.
Drilling along the NNW-SSE-trending mineralized zones intersected a series of meta-basalts and rhyolites with common quartz porphyry units. Here, alteration and mineralization are expressed by abundant narrow quartz vein arrays, sulphides, silicification and local kaolinization. Gold mineralization seems to be directly correlated to the intensity of quartz veining, with a number of parallel higher grade zones arranged en echelon within a broader lower grade envelope. Interpretation of the drilling undertaken to date, mapping and geophysics suggests that grades and widths of the mineralized envelopes seem to be enhanced where the principal NNW-SSE structures are intersected by NNE-SSW-trending cross-structures. This is illustrated by holes RC28 and RC35 of the current campaign.
The Company plans a follow-up RC drilling campaign aimed at defining and assessing the extent and significance of the better mineralized intercepts encountered, based on its developing geological model.
The holes drilled at the new Tiossera artisanal gold camp confirmed the presence of gold mineralization but the zone intersected to date is relatively narrow.
The Company also continues to systematically explore the rest of the Kampti III permit. An IP gradient array survey comprising over 30km(2) was recently completed over four geochemically anomalous areas on the Kampti III permit. The survey has identified a new series of parallel NS to NNW trending chargeable/resistive horizons as well as NNE-SSW trending features that have been shown to be highly prospective at Maména-Fofora.
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.
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.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contactsplease 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
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