Category: Silver / Gold

Volta Resources Inc ( VTR )

Published: 11 October 2012
Written by Editor
TSX   Mining   Drill Results   Up on News   Interesting News  

Volta Resources intersects 55.85m @ 4.29g/t gold (uncut) at its Kiaka Gold Project in Burkina Faso and confirms strike and depth extent

Photo_Asset_1
Figure 1 - Kiaka Project Central Area Volta Resources Inc.

- also 128.0 meters at 1.43g/t gold, including 27.0 meters at 2.42g/t gold AND -
47.15 meters at 3.07g/t gold, including 15.0 meters at 8.19g/t gold

Volta Resources Inc. ("Volta Resources" or the "Company") (VTR.TO) announces additional results from the ongoing 2012 drilling program (Phase 4) on the Central Area at its Kiaka Gold Project in Burkina Faso .

The Phase 4 program is focused principally on infill drilling those areas where Inferred category resources occur within the open pit shell defined in the pre-feasibility study ("PFS", see News Release of 3 May 2012). The aim is to enhance a portion of these Inferred Resources to the Indicated category, thereby allowing them to be converted to Mineral Reserves so that they report to ore and not waste. This +30,000m drilling program is also testing the area between the Kiaka Central Area and the Kiaka South Area. Shallow RC drilling has also been undertaken adjacent to identified mineralization to cover the full extent of the proposed PFS pit.

 

In the Kiaka Central Area, Volta Resources has already defined NI 43-101 compliant resources including 117.42 million tonnes @ 1.07 g/t Au for 4,029,000 ounces in the Measured and Indicated categories and 29.96 million tonnes @ 1.00 g/t Au for 1,000,000 ounces in the Inferred category (see News Release of March 21 , 2012).  A positive pre-feasibility study has converted Proven and Probable Mineral Reserves of 126.08 million tonnes at a diluted grade of 0.96 g/t Au for 3.89 million ounces of gold within a single open pit (see News Release of May 3 , 2012). In addition, Volta Resources has recently announced a maiden NI 43-101 compliant Mineral Resource estimate for the Kiaka South deposit, located some 700m southwest of the Company's Kiaka Central Area. The estimate includes 1.84 million tonnes @ 2.0g/t Au for 118,000 ounces in the Measured and Indicated categories (see News Release of September 27 , 2012).

The current press release includes the results from 114 drill holes located in the southern half of the Kiaka Central Area (see Figure 1), between Section 4250N and Section 5600N. These holes, totaling 16,834m of drilling, comprise respectively 25 core holes (9,551m) and 89 reverse circulation holes (7,283m). The results confirm the extension of the gold mineralization at depth and along strike in the Kiaka Central Area. They show that low-grade gold mineralization does extend south of the Kiaka Central Area, where it occurs on both sides of a large unmineralised gabbroic intrusion. Intersection highlights (based on uncut assays) from the current reported holes include:

  • KDH352 : 113.0m @ 0.78g/t Au, including 5.0m @ 1.68g/t Au
  • KDH358 :   14.0m @ 2.08g/t Au
  • KDH359 :   32.6m @ 1.23g/t Au, including 3.25m @ 1.82g/t Au AND
  • KDH359 :   91.10m @ 0.93g/t Au, including 18.0m @ 1.95g/t Au
  • KDH387 :   26.70m @ 1.06g/t Au AND 12.0m @ 2.36g/t Au
  • KDH402 :   12.00m @ 13.84g/t Au
  • KDH404 :   16.00m @ 1.21g/t Au, incluidng 4.0m @ 2.57g/t Au
  • KDH405 :   55.25m @ 4.29g/t Au, including 4.2m @ 43.98g/t Au
  • KDH408 : 128.00m @ 1.43g/t Au, including 27.0m @ 2.42g/t Au AND
  • KDH408 :   47.15m @ 3.07g/t Au, including 15.0m @ 8.19g/t Au
  • KDH411 :   34.35m @ 2.08g/t Au, including 12.25m @ 4.33g/t Au
  • KKRC647 :     8.00m @ 2.60g/t Au, including 4.0m @ 4.68g/t Au

"These drill results show consistency with the previous drilling and we are particularily pleased as they contain several broad intersections with grades exceeding our average resource grade.  This is consistent with our goal in this phase of drilling to enhance the attributes of our resource and ultimately of a mine.  We look forward to announcing further results in the near future. We are currently carrying out a Feasibility Study due for completion by the end of the second quarter of 2013," said Kevin Bullock , Volta Resources' President and CEO.

Results for the holes are highlighted in Table 1 and locations shown in Figure 1. Analyses of the Volta Resources samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories and/or at Actlabs Laboratory, both in Ouagadougou . Volta Resources'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

HOLE ID FROM
(m)		 TO
(m)		 INTERVAL
(m)		 Au
(g/t)
uncut		 Au
(g/t)  with
topcut (15g/t)		 REMARKS
KDH336 183.00 228.00 45.00 0.91 0.91  
INCL 211.00 219.00 8.00 1.30 1.30  
INCL 222.00 228.00 6.00 1.42 1.42  
AND 234.00 263.50 29.50 0.64 0.64  
KDH352 173.00 286.00 113.00 0.78 0.78  
INCL 174.00 179.00 5.00 1.68 1.68  
INCL 194.00 211.00 17.00 1.17 1.17  
INCL 236.00 247.00 11.00 1.11 1.11  
INCL 251.00 254.00 3.00 1.40 1.40  
KDH354 115.30 138.00 22.70 1.33 1.33 121.0-122.0m=11.2g/t Au
INCL 116.00 122.00 6.00 3.21 3.21  
AND 195.00 276.20 81.20 0.72 0.72  
INCL 256.10 260.80 4.70 3.34 3.34  
INCL 263.40 269.00 5.60 1.05 1.05  
KDH357 107.40 136.00 28.60 0.51 0.51  
AND 165.00 203.00 38.00 0.99 0.99 200.0-201.0m= 11.1 g/t Au
INCL 168.00 184.00 16.00 1.14 1.14  
AND 241.55 253.00 11.45 0.54 0.54  
KDH358 150.00 164.00 14.00 2.08 1.43 150.0-151.0m=24.1 g/t Au
AND 319.00 377.00 58.00 0.56 0.56  
KDH359 82.00 108.50 26.50 0.53 0.53  
AND 175.30 207.90 32.60 1.23 1.23 198.0-199.0m=10.25g/t Au
INCL 183.25 186.50 3.25 1.82 1.82  
INCL 197.35 207.00 9.65 2.70 2.70  
AND 267.00 281.60 14.60 0.56 0.56  
INCL 334.40 338.00 3.60 1.30 1.30  
AND 363.00 454.10 91.10 0.93 0.93  
INCL 390.50 398.00 7.50 1.85 1.85  
INCL 401.00 419.00 18.00 1.95 1.95  
AND 466.00 519.00 53.00 0.81 0.81  
INCL 466.00 479.15 13.15 1.27 1.27  
INCL 498.00 506.00 8.00 1.08 1.08  
INCL 510.15 515.10 4.95 1.23 1.23  
AND 559.00 569.50 10.50 0.81 0.81  
KDH366 170.00 175.25 5.25 2.30 2.30 174.5-175.25m=13.9g/t Au
KDH371 99.00 103.00 4.00 1.30 1.30  
AND 112.00 116.00 4.00 1.63 1.63  
AND 132.00 147.00 15.00 1.00 1.00  
INCL 135.00 139.00 4.00 2.86 2.86  
KDH374 133.00 147.00 14.00 0.87 0.87  
INCL 136.00 142.00 6.00 1.55 1.55  
KDH382 229.00 274.35 45.35 0.53 0.53  
AND 284.25 308.10 23.85 0.54 0.54  
AND 318.35 339.00 20.65 1.30 1.30 323.0- 324.0m =11.4g/t Au
INCL 323.00 327.00 4.00 5.01 5.01  
KDH383 159.00 169.00 10.00 1.20 1.20  
INCL 164.00 169.00 5.00 1.53 1.53  
AND 179.25 216.00 36.75 0.53 0.53  
INCL 195.95 201.00 5.05 1.10 1.10  
AND 246.00 255.03 9.03 0.77 0.77  
KDH386 310.00 330.00 20.00 0.59 0.59  
AND 338.00 378.00 40.00 0.71 0.71  
INCL 354.00 361.00 7.00 1.06 1.06  
AND 422.80 452.00 29.20 0.56 0.56  
KDH387 13.00 25.80 12.80 0.51 0.51  
AND 34.30 61.00 26.70 1.06 0.91 52.4- 53.0m= 21.6g/t Au
INCL 52.40 56.55 4.15 4.86 4.86  
AND 128.45 133.80 5.35 1.67 1.67  
AND 147.80 162.00 14.20 0.98 0.98  
INCL 154.00 158.00 4.00 2.24 2.24  
AND 311.00 323.00 12.00 2.36 2.36  
INCL 312.00 319.00 7.00 3.77 3.77  
KDH402 233.00 245.00 12.00 13.84 1.50 236.0- 237.0m= 163 g/t Au
AND 266.00 281.50 15.50 0.62 0.62  
KDH404 408.00 412.00 4.00 1.22 1.22  
AND 433.00 449.00 16.00 1.21 1.21  
INCL 434.00 437.00 3.00 1.87 1.87  
INCL 443.00 447.00 4.00 2.57 2.57  
AND 480.00 496.00 16.00 1.34 1.34  
INCL 480.00 483.00 3.00 3.28 3.28  
AND 528.00 531.80 3.80 1.44 1.44  
AND 542.80 559.15 16.35 0.78 0.78  
INCL 546.00 550.00 4.00 2.30 2.30  
AND 566.40 673.00 106.60 0.62 0.62  
INCL 613.15 623.70 10.55 1.17 1.17  
INCL 643.00 647.00 4.00 1.25 1.25  
KDH405 271.00 277.00 6.00 1.04 1.04  
AND 343.00 367.00 24.00 1.74 1.25 347.0 -348.0= 26.8g/t Au
AND 418.15 429.00 10.85 1.04 1.04  
AND 467.80 518.00 50.20 1.01 1.01  
INCL 479.00 484.00 5.00 1.22 1.22  
INCL 486.00 499.00 13.00 1.32 1.32  
INCL 506.20 516.50 10.30 1.59 1.59  
AND 534.45 548.00 13.55 0.64 0.64  
AND 556.40 568.10 11.70 0.77 0.77  
INCL 557.50 561.00 3.50 1.25 1.25  
AND 595.00 650.25 55.25 4.29 1.29 605.0 -606.0m= 181 g/t Au; 633.0 -
634.0m=11.7g/t Au
INCL 602.80 607.00 4.20 43.98 4.46  
INCL 630.10 635.00 4.90 4.87 4.87  
KDH408 302.50 331.80 29.30 1.16 1.02 322.0- 323.0m= 19.3 g/t Au
AND 372.00 384.00 12.00 1.48 1.48  
INCL 372.00 375.00 3.00 3.04 3.04  
AND 499.00 627.00 128.00 1.43 1.43 532.0 -533.15m= 12.9 g/t Au
INCL 510.20 528.00 17.80 1.74 1.74  
INCL 532.00 559.00 27.00 2.42 2.42  
INCL 564.20 570.55 6.35 2.82 2.82  
INCL 574.55 588.00 13.45 2.06 2.06  
INCL 598.00 605.60 7.60 1.89 1.89  
AND 636.85 684 47.15 3.07 2.91 641.0-642.0m=21.9g/t Au; 643.0-
644.0m= 24.3g/t Au,  645.0-
646.0m=14.1g/t Au; 647.0-
648.0m=25.0g/t Au
INCL 639.00 654.00 15.00 8.19 7.69  
INCL 663.00 667.00 4.00 1.75 1.75  
KDH410 196.00 201.10 5.10 1.31 1.31  
INCL 196.00 200.00 4.00 1.59 1.59  
AND 265.00 268.00 3.00 1.64 1.64  
AND 284.00 296.00 12.00 1.90 1.90  
INCL 284.00 291.00 7.00 2.40 2.40  
AND 307.00 311.00 4.00 1.61 1.61  
INCL 307.00 310.00 3.00 1.88 1.88  
AND 317.00 329.00 12.00 0.51 0.51  
AND 369.00 396.10 27.10 0.61 0.61  
AND 401.00 440.00 39.00 0.88 0.87 432.0- 433.0m =15.4g/t Au
INCL 402.00 406.00 4.00 1.12 1.12  
AND 449.00 452.00 3.00 1.52 1.52  
AND 479.00 500.00 21.00 1.11 1.11  
INCL 481.00 487.00 6.00 2.50 2.50  
KDH411 118.00 121.00 3.00 8.12 5.42 118.0- 119.0m= 23.1g/t Au
AND 379.50 410.00 30.50 0.69 0.69  
INCL 393.25 396.80 3.55 1.20 1.20  
AND 424.10 441.20 17.10 0.63 0.63  
AND 546.45 580.80 34.35 2.08 1.70 559.0- 560.0m= 27.8g/t Au; 563.0-
564.0m=14.9 g/t Au
INCL 555.00 567.25 12.25 4.33 3.28  
AND 627.00 657.55 30.55 0.91 0.91  
INCL 638.40 657.55 19.15 1.15 1.15  
KDH412 346.00 350.00 4.00 1.09 1.09  
AND 371.00 374.00 3.00 1.07 1.07  
AND 413.00 443.00 30.00 0.56 0.56  
AND 477.00 480.00 3.00 1.03 1.03  
KKRC456 42.00 67.00 25.00 0.53 0.53  
KKRC614 11.00 42.00 31.00 0.58 0.58  
KKRC647 23.00 31.00 8.00 2.60 2.60  
INCL 24.00 28.00 4.00 4.68 4.68  
KKRC675 100.00 117.00 17.00 0.57 0.57  

 

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 envelope.
  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. Average gold grades (g/t) are presented with and without topcut applied in separate columns. The values with topcut have applied a grade capping of 15g/t Au.
  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 reverse circulation (RC) and/or core drilling (see Table 2).
  7. The RC portions of the drill holes were sampled at 1m intervals. Dry 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. The cored portion of the 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 then sent to ALS Chemex and/or Actlabs in  Ouagadougou for Fire Assay on a 50g charge.
  9. Certified standards were inserted every 15 samples, field duplicates (in the RC portions) about every 25 and blanks about every 10 samples. The blanks, certified standards and duplicate assays confirm that all assays used to compile the intersections quoted here have passed Volta Resources's rigorous QA/QC checks.

As part of an additional check, the high-grade mineralized samples (638.0m-654.0m) from hole KDH408  were re-assayed by bottle roll cyanide leach procedures at ALS Chemex in Ouagadougou . The re-assays, carried out on duplicate samples stored at Volta Resources's Kiaka premises, returned similar results for the high-grade intervals (>5g/t Au).

TABLE 2 : Collar Coordinates and Orientation Parameters

SECTION HOLEID UTM_X UTM_Y UTM_Z DEPTH(m) DrillType DIP AZIMUTH
4225N KKRC646 738413 1288757 270.0 100.00 RC -55 135
KKRC647 738448 1288721 270.0 100.00 RC -55 135
KKRC648 738484 1288686 270.0 100.00 RC -55 135
KKRC649 738519 1288651 270.0 100.00 RC -55 135
4250N KKRC673 738360 1288845 270.0 75.00 RC -55 135
KKRC674 738395 1288810 270.0 96.00 RC -55 135
KKRC675 738431 1288774 270.0 130.00 RC -55 135
KKRC676 738466 1288739 270.0 103.00 RC -55 135
KKRC677 738501 1288704 270.0 100.00 RC -55 135
KKRC678 738537 1288668 270.0 105.00 RC -55 135
4400N KKRC610 738496 1288910 270.0 100.00 RC -55 135
KKRC611 738531 1288875 270.0 100.00 RC -55 135
KKRC612 738567 1288839 270.0 100.00 RC -55 135
KKRC614 738637 1288768 270.0 100.00 RC -55 135
KKRC615 738673 1288733 270.0 100.00 RC -55 135
KKRC616 738708 1288698 270.0 100.00 RC -55 135
KKRC617 738743 1288662 270.0 100.00 RC -50 135
KKRC618 738779 1288627 270.0 100.00 RC -55 135
KKRC619 738814 1288592 270.0 100.00 RC -55 135
4550N KDH366 738678 1288951 270.0 226.00 DD -55 135
4600N KDH368 738731 1288969 270.0 142.17 DD -55 135
KDH370 738830 1288870 270.0 130.10 DD -55 135
4625N KDH376 738802 1288933 270.0 127.13 DD -55 135
KDH374 738838 1288898 269.8 151.00 DD -55 135
4650N KDH371 738762 1289006 267.8 202.04 DD -55 135
KDH378 738848 1288923 270.0 202.25 DD -57 135
4750N KDH380 738913 1288996 267.5 226.00 DD -57 135
4975N KDH357 739190 1289038 270.0 300.95 DD -60 315
KDH382 739233 1288997 270.0 400.55 DD -60 315
5000N KKRC481 738752 1289513 272.5 75.00 RC -55 135
KDH352 739226 1289039 265.2 361.08 DD -58 315
KKRC482 738819 1289446 271.5 75.00 RC -55 135
KKRC483 738854 1289410 271.1 75.00 RC -55 135
KDH386 739279 1288986 270.0 500.43 DD -60 315
KDH412 738961 1289305 270.0 502.08 DD -60 135
KKRC628 738890 1289375 270.0 75.00 RC -55 135
KKRC629 738926 1289340 270.0 75.00 RC -55 135
KKRC630 739173 1289092 270.0 75.00 RC -55 135
KKRC631 739208 1289057 270.0 75.00 RC -55 135
KKRC632 739244 1289022 270.0 75.00 RC -55 135
KKRC633 739279 1288986 270.0 75.00 RC -55 135
5050N KDH336 739244 1289092 266.0 376.42 DD -60 315
KDH358 739025 1289312 269.0 471.70 DD -60 135
KKRC625 739315 1289022 270.0 100.00 RC -55 135
KKRC626 739350 1288986 270.0 69.00 RC -55 135
KKRC627 739372 1288965 266.3 60.00 RC -55 135
5100N KKRC469 738853 1289545 273.0 75.00 RC -55 135
KKRC470 738888 1289511 272.6 75.00 RC -55 135
KKRC471 738924 1289476 271.9 75.00 RC -55 135
KKRC472 738959 1289441 271.5 75.00 RC -55 135
KKRC473 738996 1289406 271.0 75.00 RC -55 135
KDH354 739279 1289128 270.0 400.07 DD -60 315
KDH410 739315 1289092 270.0 501.93 DD -60 315
KKRC475 739281 1289127 266.0 72.00 RC -55 135
KKRC474 739245 1289162 266.1 75.00 RC -55 135
KKRC477 739351 1289057 264.0 75.00 RC -55 135
KKRC476 739316 1289092 265.1 75.00 RC -55 135
KKRC478 739386 1289022 264.8 66.00 RC -55 135
KKRC479 739422 1288987 265.2 75.00 RC -55 135
5150N KKRC638 739421 1289057 270.0 72.00 RC -55 135
5200N KKRC461 738928 1289618 273.8 75.00 RC -55 135
KKRC462 738963 1289583 273.4 75.00 RC -55 135
KKRC463 738999 1289548 272.5 75.00 RC -55 135
KKRC464 739034 1289512 272.2 75.00 RC -55 135
KKRC468 739387 1289163 264.7 75.00 RC -55 135
KKRC480 739495 1289059 264.7 75.00 RC -55 135
KKRC466 739423 1289131 263.9 75.00 RC -55 135
KKRC465 739353 1289201 265.1 75.00 RC -55 135
KKRC467 739459 1289095 264.3 75.00 RC -55 135
5250N KKRC637 739491 1289128 270.0 100.00 RC -55 135
5300N KDH408 739067 1289623 270.0 700.03 DD -60 135
KKRC456 739421 1289268 264.7 75.00 RC -55 135
KKRC457 739457 1289233 264.2 75.00 RC -55 135
KKRC460 739563 1289127 265.7 75.00 RC -55 135
KKRC459 739493 1289197 262.8 75.00 RC -55 135
KKRC458 739528 1289163 263.6 75.00 RC -58 135
KKRC455 738984 1289716 275.0 75.00 RC -55 135
5350N KDH359 739173 1289587 270.0 602.15 DD -55 135
KKRC634 739527 1289234 270.0 78.00 RC -55 135
KKRC635 739562 1289199 270.0 98.00 RC -55 135
KKRC636 739597 1289163 270.0 90.00 RC -55 135
5400N KKRC451 739527 1289304 264.6 75.00 RC -55 135
KDH411 739102 1289729 270.0 668.64 DD -62 135
KKRC551 739668 1289163 270.0 75.00 RC -55 135
KKRC452 739563 1289269 263.2 75.00 RC -55 135
KKRC453 739588 1289245 262.7 105.00 RC -55 135
KKRC454 739635 1289199 263.5 75.00 RC -55 135
KKRC450 739107 1289735 277.6 75.00 RC -55 135
KKRC449 739073 1289773 277.9 75.00 RC -55 135
KKRC448 739039 1289810 276.5 75.00 RC -55 135
KKRC447 739006 1289846 277.5 75.00 RC -55 135
5450N KKRC696 739633 1289269 270.0 93.00 RC -55 135
5500N KKRC446 739699 1289266 261.9 75.00 RC -55 135
KKRC445 739665 1289303 262.4 75.00 RC -55 135
KKRC444 739631 1289339 263.8 75.00 RC -55 135
KKRC443 739597 1289374 264.3 75.00 RC -55 135
KKRC438 739067 1289905 276.4 75.00 RC -55 135
KKRC440 739137 1289834 277.2 75.00 RC -55 135
KKRC441 739172 1289799 276.3 75.00 RC -55 135
KKRC439 739102 1289870 276.6 75.00 RC -55 135
KKRC442 739208 1289763 276.1 75.00 RC -55 135
KDH404 739173 1289800 270.0 692.75 DD -62 135
5550N KDH383 739279 1289764 270.0 256.08 DD -58 135
KDH387 739456 1289587 270.0 325.35 DD -60 315
KKRC661 739703 1289340 270.0 96.00 RC -55 135
5600N KDH402 739244 1289870 270.0 434.11 DD -60 135
KDH405 739739 1289375 270.0 650.25 DD -60 315
KKRC431 739208 1289906 270.0 75.00 RC -55 135
KKRC432 739244 1289870 270.0 75.00 RC -55 135
KKRC433 739279 1289835 270.0 75.00 RC -55 135
KKRC434 739668 1289446 270.0 75.00 RC -55 135
KKRC435 739703 1289411 270.0 75.00 RC -55 135
KKRC436 739739 1289375 270.0 75.00 RC -55 135
KKRC437 739774 1289340 270.0 75.00 RC -55 135

 

Under the guidelines of National Instrument 43-101, the qualified person for the Kiaka Gold 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.

About Volta Resources:

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 117.42 million tonnes @ 1.07 g/t Au for 4,029,000 ounces in the Measured and Indicated categories and 29.96 million tonnes @ 1.00 g/t Au for 1,000,000 ounces in the Inferred category [Please see VTR press release dated March 21, 2012 ] including 34.38 million tonnes @ 1.04 g/t Au for 1,145,969 ounces of gold in the Proven category and 91.70 million tonnes @ 0.93 g/t Au for 2,742,353 ounces of gold in the Probable category [Please see VTR press release dated May 3 , 2012]) 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.

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.

 

 

 

Image with caption: "Figure 1 - Kiaka Project Central Area (CNW Group/Volta Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20121011_C6020_PHOTO_EN_19121.jpg

SOURCE: Volta Resources Inc.

Contact:

 

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: This email address is being protected from spambots. You need JavaScript enabled to view it.

or       

Andreas Curkovic, Investor Relations
Tel: (416) 577-9927