Volta Resources Inc. report assay results from nineteen out of thirty-eight diamond drill holes from its 2008 diamond drilling program at its Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa.
In April 2008 an extensive diamond drilling program aimed at extending the mineralization identified in 2007 at the Company’s Gongondy and Dienemera copper-gold porphyry prospects commenced (see News Release of May 07, 2008). The diamond drill holes, ranging between 146 and 471m in length for a total of 11,306 metres, were completed at the end of August 2008.
Over 22,500 metres of diamond drilling have now been completed by Volta on the Gaoua project. The results from this phase of drilling, along with previous results, will be incorporated into an initial NI 43-101 resource estimate planned to be completed prior to the end of the first quarter of 2009.
At Gongondy, twenty three holes were completed for a total of 6,545 metres. The results for nineteen of the Gongondy holes have now been received and have passed the Company’s strict QA/QC protocols. The latest results confirm that the highly anomalous copper-gold mineralization extends further down-dip to the west. The additional drilling has also highlighted two mineralized centers along strike to the north separated by a post-mineralization intrusive gabbro body.
Significant copper and gold mineralized intersections on the down-dip extensions include: S44GON (129m (at) 0.50% Cu and 0.52g/t Au); S49GON (66m (at) 0.39% Cu and 0.41g/t Au) and S56GON (55.5m (at) 0.79% Cu and 0.56g/t Au). The highly anomalous copper and gold mineralization is hosted by hydrothermally brecciated diorites and andesites.
Based on drilling to date, the post-mineralization intrusive gabbro body mentioned above separates the mineralized zone at Gongondy into two distinct blocks. The southern mineralized block has been significantly extended down dip and to the west, as indicated in the aforementioned intersections in holes S44GON, S49GON and S56GON as well as by the mineralized intervals tabled above in holes S40GON (27m (at) 0.42% Cu and 0.28g/t Au from 13m and 26m (at) 0.38%Cu and 0.43g/t Au from 332m) and S41GON (9m (at) 0.31%Cu and 0.34g/t Au). The mineralized breccia clearly dips westward, extending beneath the similarly westward dipping gabbro contact. Copper and gold mineralization has now been defined by diamond drilling over a strike length of over 750m in this southern block (see Figure No. 1)
The northern block has been extended to the southeast and east by holes S47GON (14m(at) 0.34% Cu and 0.34g/t Au and 18m (at) 0.3% Cu from 171m and 0.26g/t Au from 237m) and S45GON (3m(at) 0.53%Cu and 0.55g/t Au from 82m), before being constrained further southeast by the gabbro. The results of hole S50GON, drilled to extend this block further southward are still pending.
Drilling will resume shortly at Gongondy to complete two holes curtailed by the onset of the rainy season in August. One hole will be drilled in an area covered largely by historical holes, while the second will test the southward extension of the copper and gold mineralization 100 metres south of S40GON.
Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua copper-gold project is Mr. Guy Franceschi, Vice President, Exploration for the Company. 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 the 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.
Website: http://www.voltaresources.com/