Volta Resources announces new porphyry copper-gold mineralization at Dienemera, Gaoua Project, Burkina Faso
Thursday, Dec 20, 2012
TORONTO, December 19, 2012 /PRNewswire/ --Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces additional results from its recently completed 131 hole, 13,528 metres, reverse circulation (RC) and diamond drilling (DD) program on its Gaoua copper-gold project, located in southern Burkina Faso, West Africa (see Figure 1). The program aimed at testing for continuity and extensions, both along strike and laterally, of the known copper-gold mineralization at Gongondy and Dienemera. Gongondy and Dienemera are two of several copper-gold porphyry targets on the Gaoua Project where sufficient drilling has been undertaken to estimate a maiden NI43-101 compliant resource comprising more than 1 million ounces of gold and 720 million pounds of copper (see table 3).
This press release includes the results from 62 reverse circulation holes, totalling 5,039m of drilling, drilled on the Dienemera prospect, from Section 1147200N to Section 1148550N. The drilling campaign at Dienemera aimed specifically at testing an area located some 500m east of the main orebody where previous scout drilling had intersected copper-gold mineralization, at searching for extensions along strike and along the eastern margin of the main orebody and at infilling areas of previous wide-space drilling.
Kevin Bullock, Volta Resources' CEO, said, "The latest results at Dienemera clearly illustrate a significant extension of mineralization in this deposit. Together with the extension of the Gongondy deposit (announced last week), the potential for resource growth on the Gaoua Project has been enhanced. Volta is currently working with independent consultants to update the NI43-101 compliant resource estimate for the Gaoua Copper-Gold Project."
Volta Resources, with SRK Consulting (UK), is scheduled to complete an updated NI 43-101 compliant resource for the Gaoua Project in early Q1, 2013 incorporating all results from holes drilled to date, including the results reported in this press 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 Q3, 2013. Recent acquisition of properties around the Kiaka Gold Project has provided VTR with an extensive ground position along the highly prospective Markoye Fault Corridor in an important emerging gold province.
Source: Volta Resources Inc.