-Nassara trench results (20.5m @ 3.56 g/t
gold) confirm significant new gold zone-
Toronto, ON -- September 15, 2009 - Volta Resources Inc. ("Volta"
or the "Company") (TSX:VTR) announces gold assay results
from a soil sampling and scout trenching program carried out over the new Nassara
prospect on its wholly-owned Gaoua project in southwestern Burkina Faso. Initial
trench results have identified a mineralized interval of 44 meters at
1.82g/t gold including 20.5 meters at 3.56g/t gold.
These results confirm the overall prospectivity of the southern portion of
the Boromo Greenstone Belt, which includes Volta's Gaoua copper-gold
porphyry deposits (Gongondy, Dienemera and Mont Biri), Ampella's Konkera
prospect on the Tiopolo permit and a new artisanal gold rush underway at
Tionor on the Diouloumba permit. These gold prospects all occur within
similar northwesterly striking structural settings (see figure 1).
Kevin Bullock, Volta's President and CEO, said, "These results, along
with the overall high level of activity in the Boromo Belt, further suggest
the emergence of a new gold district in a region where Volta has a large
land position. We will be conducting further exploration programs in order
to define optimal targets for a strategic drilling campaign at
Nassara."
The Nassara prospect is located in the southwestern corner of the
Danyoro permit, one of the three contiguous permits held by Volta, which
together comprise the Gaoua project. The prospect was initially identified
during previous regional geological mapping and soil geochemical surveys
(250x250m). Recent in-fill soil geochemical surveying (50x125m) confirmed
the presence of extensive gold-in-soil anomalism coincident with a
pronounced northwest striking airborne magnetic lineament (see figure 2).
The gold-in-soil anomaly, best outlined by the 20ppb contour, has been
continuously traced over more than 4km to date and remains open in both
directions. Along the anomalous trend, gold values greater than 0.1g/t Au
(100ppb) are relatively common with several peak values exceeding 1g/t Au.
The initial reconnaissance trench, designed to test the in-situ saprolite
was excavated across the soil geochemical anomaly. The trench is 186m long
and ranges from 1.0 meter to 2.0 meters deep. The trench intersected two
mineralized intervals: 16m @ 0.57g/t Au and 44m @ 1.82g/t Au and confirms
that the mineralization is spatially associated with a typical shear zone
setting (see figure 2). Highlights of the trenching program are presented
in table 1; details are shown in table 2.
Table 1: Trench highlights.
From (m)
|
To (m)
|
Interval
(m)
|
Gold
(g/t)
|
-4.0
|
12.0
|
16.0
|
0.58
|
65.0
|
109.0
|
44.0
|
1.82
|
Including 71.5
|
92.0
|
20.5
|
3.56
|
NOTES:
1) Intersections are based on a 0.2 g/t Au cut-off with no top cut
applied. Internal dilution (less than 0.2 g/t Au) has been applied to a
maximum of 1m, except for the mineralized interval of 44m where a maximum
internal dilution has been carried to 3m.
2) Dry samples were collected at 0.5 to 1m intervals. These were
riffle-split to provide 2 kg samples sent to the laboratory. Wet samples
were dried in the field and similarly riffle-split.
3) Samples were sent to ALS Chemex in Ouagadougou for standard
preparation followed by Fire Assay on a 50g charge.
4) Standards and blanks were inserted every 30 samples, field
duplicates about every 40 to 50 samples. The blanks, certified standards
and duplicate assays confirm that all assays used to compile the
intersections quoted here have passed Volta's rigorous QA/QC checks.
Additional trenching is planned to test the anomaly at several other
positions along the 4 kilometer gold anomaly defined so far. In addition,
further infill soil sampling will be undertaken to extend the anomaly along
the magnetic lineament which extends for more than 10 kilometers on Volta's
Danyoro permit. This work will be undertaken as soon as the rainy season
abates sufficiently to permit access, possibly by early November.
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 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.
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: bullock@voltaresources.com
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.
Figure 1: Location and regional setting of the Nassara Prospect
Figure 2: Nassara soil gold geochemistry superimposed on an airborne
magnetic image.
Table 2: Mineralized portion
of Trench 1
From
|
To
|
Interval
(m)
|
Gold Grade
(ppm)
|
-4.0
|
-5.0
|
1.0
|
0.05
|
-3.0
|
-4.0
|
1.0
|
0.56
|
-2.0
|
-3.0
|
1.0
|
0.35
|
-1.0
|
-2.0
|
1.0
|
0.51
|
0.0
|
-1.0
|
1.0
|
0.78
|
0.0
|
1.0
|
1.0
|
0.68
|
1.0
|
2.0
|
1.0
|
0.60
|
2.0
|
3.0
|
1.0
|
0.49
|
3.0
|
4.0
|
1.0
|
0.56
|
4.0
|
5.0
|
1.0
|
0.58
|
5.0
|
6.0
|
1.0
|
0.25
|
6.0
|
7.0
|
1.0
|
0.30
|
7.0
|
8.0
|
1.0
|
0.10
|
8.0
|
9.0
|
1.0
|
0.51
|
9.0
|
10.0
|
1.0
|
1.40
|
10.0
|
11.0
|
1.0
|
1.05
|
11.0
|
12.0
|
1.0
|
0.54
|
12.0
|
13.0
|
1.0
|
0.02
|
13.0
|
14.0
|
1.0
|
0.01
|
14.0
|
15.0
|
1.0
|
0.01
|
15.0
|
16.0
|
1.0
|
0.01
|
16.0
|
17.0
|
1.0
|
0.01
|
17.0
|
18.0
|
1.0
|
0.01
|
18.0
|
19.0
|
1.0
|
0.01
|
19.0
|
20.0
|
1.0
|
0.01
|
20.0
|
21.0
|
1.0
|
0.01
|
21.0
|
22.0
|
1.0
|
0.01
|
22.0
|
23.0
|
1.0
|
0.01
|
23.0
|
24.0
|
1.0
|
0.01
|
24.0
|
25.0
|
1.0
|
0.01
|
25.0
|
26.0
|
1.0
|
0.01
|
26.0
|
27.0
|
1.0
|
0.01
|
27.0
|
28.0
|
1.0
|
0.03
|
28.0
|
29.0
|
1.0
|
0.06
|
29.0
|
30.0
|
1.0
|
0.10
|
30.0
|
31.0
|
1.0
|
0.40
|
31.0
|
32.0
|
1.0
|
0.26
|
32.0
|
33.0
|
1.0
|
0.03
|
33.0
|
34.0
|
1.0
|
0.04
|
34.0
|
35.0
|
1.0
|
0.04
|
35.0
|
36.0
|
1.0
|
0.02
|
36.0
|
37.0
|
1.0
|
0.03
|
37.0
|
38.0
|
1.0
|
0.02
|
38.0
|
39.0
|
1.0
|
0.02
|
39.0
|
40.0
|
1.0
|
0.04
|
40.0
|
41.0
|
1.0
|
0.03
|
41.0
|
42.0
|
1.0
|
0.03
|
42.0
|
43.0
|
1.0
|
0.04
|
43.0
|
44.0
|
1.0
|
0.05
|
44.0
|
45.0
|
1.0
|
0.02
|
45.0
|
46.0
|
1.0
|
0.03
|
46.0
|
47.0
|
1.0
|
0.13
|
47.0
|
48.0
|
1.0
|
0.07
|
48.0
|
49.0
|
1.0
|
0.08
|
49.0
|
50.0
|
1.0
|
0.03
|
50.0
|
51.0
|
1.0
|
0.03
|
51.0
|
52.0
|
1.0
|
0.04
|
52.0
|
53.0
|
1.0
|
0.05
|
53.0
|
54.0
|
1.0
|
0.06
|
54.0
|
55.0
|
1.0
|
0.16
|
55.0
|
56.0
|
1.0
|
0.09
|
56.0
|
57.0
|
1.0
|
0.09
|
57.0
|
58.0
|
1.0
|
0.11
|
58.0
|
59.0
|
1.0
|
0.12
|
59.0
|
60.0
|
1.0
|
0.11
|
60.0
|
61.0
|
1.0
|
0.08
|
61.0
|
62.0
|
1.0
|
0.08
|
62.0
|
63.0
|
1.0
|
0.06
|
63.0
|
64.0
|
1.0
|
0.09
|
64.0
|
65.0
|
1.0
|
0.10
|
65.0
|
66.0
|
1.0
|
0.20
|
66.0
|
67.0
|
1.0
|
0.21
|
67.0
|
68.0
|
1.0
|
0.29
|
68.0
|
69.0
|
1.0
|
0.33
|
69.0
|
70.0
|
1.0
|
0.22
|
70.0
|
71.0
|
1.0
|
0.37
|
71.0
|
71.5
|
0.5
|
0.43
|
71.5
|
72.0
|
0.5
|
3.40
|
72.0
|
73.0
|
1.0
|
7.16
|
73.0
|
74.0
|
1.0
|
7.88
|
74.0
|
75.3
|
1.3
|
2.92
|
75.3
|
76.0
|
0.7
|
1.50
|
76.0
|
77.0
|
1.0
|
3.11
|
77.0
|
78.0
|
1.0
|
0.51
|
78.0
|
79.0
|
1.0
|
1.23
|
79.0
|
80.0
|
1.0
|
9.03
|
80.0
|
81.0
|
1.0
|
4.83
|
81.0
|
81.4
|
0.4
|
Not sampled
|
81.4
|
82.0
|
0.6
|
7.65
|
82.0
|
83.0
|
1.0
|
3.31
|
83.0
|
84.0
|
1.0
|
0.74
|
84.0
|
85.0
|
1.0
|
3.66
|
85.0
|
86.0
|
1.0
|
2.42
|
86.0
|
87.0
|
1.0
|
3.27
|
87.0
|
87.5
|
0.5
|
2.12
|
87.5
|
88.0
|
0.5
|
0.18
|
88.0
|
89.0
|
1.0
|
0.49
|
89.0
|
90.0
|
1.0
|
1.92
|
90.0
|
91.0
|
1.0
|
7.75
|
91.0
|
92.0
|
1.0
|
3.35
|
92.0
|
93.0
|
1.0
|
0.68
|
93.0
|
93.7
|
0.7
|
0.37
|
94.0
|
95.0
|
1.0
|
0.30
|
95.0
|
96.0
|
1.0
|
0.43
|
96.0
|
97.0
|
1.0
|
0.37
|
97.0
|
98.0
|
1.0
|
0.43
|
98.0
|
99.0
|
1.0
|
0.39
|
99.0
|
100.0
|
1.0
|
0.32
|
100.0
|
101.0
|
1.0
|
0.39
|
101.0
|
102.0
|
1.0
|
0.28
|
102.0
|
103.0
|
1.0
|
0.32
|
103.0
|
104.0
|
1.0
|
0.14
|
104.0
|
105.0
|
1.0
|
0.19
|
105.0
|
106.0
|
1.0
|
0.09
|
106.0
|
107.0
|
1.0
|
0.29
|
107.0
|
108.0
|
1.0
|
0.32
|
108.0
|
109.0
|
1.0
|
0.23
|
109.0
|
110.0
|
1.0
|
0.15
|
109.0
|
110.0
|
1.0
|
0.04
|
110.0
|
111.0
|
1.0
|
0.09
|
111.0
|
112.0
|
1.0
|
0.11
|
112.0
|
113.0
|
1.0
|
0.13
|
113.0
|
114.0
|
1.0
|
0.12
|
113.0
|
114.0
|
1.0
|
0.05
|
114.0
|
115.0
|
1.0
|
0.07
|
115.0
|
116.0
|
1.0
|
0.02
|