TORONTO, June 8, 2011 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announced today that it has commenced a combined reverse circulation
("RC") and diamond drilling ("DD") program for a total of approximately
15,000 metres at its Nassara gold prospect on the Danyoro permit, which forms part of the 100% owned Gaoua project
in southern Burkina Faso, West Africa (see Figure 1 here: http://files.newswire.ca/407/VoltaFig1(1).pdf). The current program will follow up the positive drilling results
obtained in January and June-August 2010 (see News Releases of 28
January 2010 and August 12, 2010).
Since the release of the results of its drilling campaign in August 2010
a Gradient Array Induced Polarisation ("IP") survey, as well as
additional trenching and auger drilling have been carried out over the
Northern and Southern extensions of the Nassara Main Zone (Nassara MZ)
as well as over a parallel low-lying "whaleback" ridge (Nassara SW)
that appears to be coincident with similarly enhanced gold anomalism.
The IP survey at Nassara Main Zone ("Nassara MZ") suggests that the mineralized sheared contact, between
the low-chargeable volcanics and highly-chargeable sediments, extends
over an additional 3.5km along strike (see Figure 2 here: http://files.newswire.ca/407/VoltaFigure2.doc). The extension is currently being followed-up with wide-spaced
trenching and auger drilling.
Kevin Bullock, Volta's CEO, said, "The exploration work carried out at
Nassara since the last drilling program confirms that the Nassara gold
prospect has significant gold targets and we plan to test these targets
with an expanded program."
The current drilling campaign will aim at systematically testing three
wider and higher grade sections along the 2.5km of strike identified so
far along the Nassara MZ as well as extending the drilling depth to
150m vertical metres. In addition, scout drilling will be undertaken
along strike on the recently identified northern (3.5km) and southern
(2km) extensions of the Nassara MZ. The 15,000 metre drilling program
will continue until the onset of the seasonal rains when it will then
be interrupted for approximately three months, from mid-August to late
October or November.
Previously, first pass shallow drilling results on the Nassara MZ
yielded highlights of 15.0m @ 4.45g/t gold from 10.0m, 11.0m @ 2.18g/t
gold from 38.0m, 5.0m @ 6.50g/t gold from 47.0m, 19.0m @ 2.22g/t gold
from 2.0m and 9.0m @ 11.15g/t gold from 51.0m (see Figure 2 here: http://files.newswire.ca/407/VoltaFigure2.doc).
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.
Volta is a mineral exploration company primarily focused on becoming a
leader in the identification, acquisition and exploration of gold
properties in West Africa. The Company is currently fast-tracking its
flagship Kiaka Gold Project, located in Burkina Faso, toward a
development decision.
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.
<p align="justify"> please refer to our website <a href="http://www.voltaresources.com">www.voltaresources.com</a> or contact: </p> <table valign="top" border="0"> <tr> <td> <b>Kevin Bullock, P.Eng., President & CEO </b><br/> Tel: (647) 388-1842 <br/> Fax: (416) 867-2298<br/> Email: <a href="mailto:kbullock@voltaresources.com">kbu</a><a href="mailto:kbullock@voltaresources.com">llock@voltaresources.com</a> </td> <td> <br/> or<br/> </td> <td valign="top" align="left"> <b>Andreas Curkovic,</b><b> Investor Relations</b><br/> Tel: (416) 577-9927 </td> </tr> </table>