Thursday, March 19, 2009

Volta Resources undertakes extensive auger drilling program to test potential between the Dienemera and Gongondy deposits at the Gaoua project.

Once all those freshly printed money hit the system, God forgotten African plays will be coming back with risk coming back into play, time is to accumulate relatively safe places., SNU.v, for the homework.
TORONTO, March 18 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR - News) is pleased to announce that an extensive auger drilling campaign is underway to test the potential between the Dienemera and Gongondy deposits at Volta's Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa.
On February 5, 2009, the Company announced an independent NI 43-101 compliant inferred resource estimate for the Gongondy and Dienemera deposits on the Gaoua copper-gold porphyry project based on 26,661 metres of diamond drilling in 92 holes and 1,305 metres in 15 reverse circulation ("RC") holes (See Volta press release dated February 5 2009). The NI 43-101 Technical Report will be filed on SEDAR on, or before, March 22 2009.
At a 0.45% copper equivalent cut-off grade, the Dienemera and Gongondy deposits host an initial Inferred Resource of 82,600,000 tonnes grading 0.40% copper and 0.40 g/t gold for a total of 724,880,000 lbs of copper and 1,072,900 ounces of gold. The individual resource estimate for each deposit is provided in the table below. Copper Equivalent (CuEQ) has been calculated from assumed revenues of USD 3,000 per tonne of copper and USD 700 per ounce of gold with metallurgical recovery assumed to be 85% and 70% respectively based on initial QEMSCAN results. Gold grade has been multiplied by 0.6 and added to the copper grade to provide CuEQ grade. The cut off grade further assumes typical costs of USD 2 per tonne for mining and USD 10 per tonne for processing and general administration costs.
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