|Volta drills 208.0 metres of 1.64 g/t gold at Kiaka|
Ticker Symbol: C:VTR
Volta drills 208.0 metres of 1.64 g/t gold at Kiaka
Volta Resources Inc (C:VTR)
Shares Issued 133,925,697
Last Close 2/18/2011 $2.29
Tuesday February 22 2011 - News Release
Mr. Kevin Bullock reports
VOLTA REPORTS MORE DRILL INTERSECTIONS EXCEEDING 200 METERS NOTABLY, 208.0M @ 1.64 G/T GOLD, INCLUDING 55.7M @ 2.79 G/T GOLD AND 216.4M @ 1.26 G/T GOLD, INCLUDING 20.6M @ 2.30 G/T GOLD
TORONTO, Feb. 22 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section from its on-going drilling program comprising more than 250 holes for approximately 50,000 meters in the Central Area at its Kiaka Gold Project in Burkina Faso (see News Release of 22 September 2010).
Results have been received to date for 11 holes located on Sections 5425N (8 holes) and 5450N (3 holes, See Figure 1), respectively 25m and 50m northeast of previous released section 5400N (see News Release of January 20th). These holes were aimed to infill the main deposit defined so far in the Central Area to 25m x 50m drill spacing and to extend the drilling depth down another 100 vertical meters. The highlights from these two sections include:
KDH169 : 189.00m @ 1.24g/t Au, incl. 29.00m @ 1.76g/t Au
KDH170 : 216.40m @ 1.26g/t Au, incl. 20.60m @ 2.30g/t Au
KDH174 : 44.90m @ 1.18g/t Au, incl. 7.95m @ 2.50g/t Au
KDH180 : 139.00m @ 0.87g/t Au, incl. 10.00m @ 2.00g/t Au
KDH183 : 30.60m @ 1.63g/t Au, incl. 11.00m @ 2.45g/t Au
KDH185 : 47.70m @ 1.03g/t Au, incl. 19.00m @ 1.73g/t Au
KDH187 : 312.75m @ 0.87g/t Au, incl. 19.00m @ 1.74g/t Au
KDH181 : 208.00m @ 1.64g/t Au, incl. 55.70m @ 2.79g/t Au
Kevin Bullock, Volta's CEO, said, "In addition to the prodigious widths
seen in these holes, they also demonstrate that Kiaka's mineralization
extends much deeper than our initial goal of 300 metres. Last year we
established that Kiaka is on a path towards a development decision.
This year we are establishing that the project is exceeding our
expectations. Our next step is an updated resource estimate that we
expect to be completed by the end of Q2 this year."
KDH169 and KDH187 both ended in mineralization. Despite this, KDH169
has now extended the Kiaka Main Zone (KMZ) to a vertical depth of 393m
below surface. In addition, KDH181 has intersected and confirmed
extensive mineralization in the KMZ up to the vertical depth of 440m on section 5450N.
In addition, KDH187 on section 5425N and especially KDH181 on section 5450N, indicate that the contact of the KMZ and KFZ extends further to the southeast. The same was seen with KDH158 on section 5325N and KDH164 on section 5375N, (see News Releases of January 6th and January 20th). This suggests that mineralization is wider on these sections than previously thought.
KDH169 and KDH170 on section 5425N and KDH175 on section 5450N have extended the width of the Kiaka Hanging Wall Zone (KHZ) and confirmed that the KHZ is composed of multiple parallel mineralized zones (shears), ranging from a few meters to over 20m in width.
Results for the holes are highlighted in Table 1 and in Figures 2 and 3. 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 QA/QC elements that employed the inclusion of certified standards and blanks.