Thursday, September 02, 2010

Gold in Africa: Volta drills 49 m of 4.3 g/t Au at Kiaka, SGC.v,,, TNR.v, GG, NEM, FCX,,, ABX, GDX, AUY, FCX, RGLD

Volta Resources - our early bird in Gold camp 2010 - continues to deliver results, stock was in consolidation after its break out in Spring and raising substantial capital and now is ready to follow Gold.

"Volta Resources is one of the few Juniors in Gold space which came back stronger after crisis and after merger Birim Goldfields with Goldcrest Resources company performs very well with recent discoveries".


2010-09-02 09:41 ET - News Release

Mr. Kevin Bullock reports


Volta Resources Inc. has released the latest results from the drilling program completed in July on the company's Kiaka gold project. The Kiaka project is located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. To date, 155 holes (22,818 metres) have been drilled in the Central area. This news release reports on some of the holes that were drilled in June and July, 2010, which were not used in the previously announced NI 43-101-compliant resource estimate for the Central area at Kiaka (see news release in Stockwatch of June 29).

A total of 44 holes for 5,738.12 metres were drilled in June and July, 2010. The results reported in an attached table relate to infill holes drilled to confirm continuity of the Kiaka hangingwall zone (KHZ) between 5350N and 5750N and to test the northward extension of the same KHZ zone to 6100N. The highlights from this drilling include:

KRD122: 32.0 metres at 1.0 gram per tonne gold, including 7.0 metres at 1.26 grams per tonne gold;

KRD126: 27.0 metres at 0.70 gram per tonne gold;

KRD125: 27.0 metres at 0.92 gram per tonne gold, including 4.0 metres at 2.69 grams per tonne gold;

KRD123: 49.0 metres at 4.30 grams per tonne gold, including 11.0 metres at 16.83 grams per tonne gold;

KRD131: 19.0 metres at 1.60 grams per tonne gold;

KRD127: 31.0 metres at 1.19 grams per tonne gold, including 13.0 metres at 2.27 grams per tonne gold;

KRD128: 31.0 metres at 0.71 gram per tonne gold, including 9.0 metres at 1.66 grams per tonne gold;

KRD129: 27.0 metres at 0.98 gram per tonne gold, including 6.0 metres at 1.14 grams per tonne gold.

Kevin Bullock, Volta's chief executive officer, said: "These consistent results point to continuity of gold mineralization in the KHZ zone. We believe the significant intersections encountered will enhance the gold resources attributable to the KHZ within the heart of the Central area and also along strike to the north."

Results for the holes covered by this news release are highlighted in an attached table. Highlights from former Randgold (labelled with prefix RRL) and Volta holes have been added to the table in order to better appreciate the extent and geometry of the mineralization. Analyses of the Volta samples were undertaken by fire assay on a 50-gram charge at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and assay procedures included quality assurance/quality control (QA/QC) elements that employed the inclusion of certified standards and blanks.

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