Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces that a five hole scout drilling program, recently completed on the Company's wholly-owned Gaoua Project in southwestern Burkina Faso, has confirmed porphyry-style copper mineralization at the Boussera Target. The mineralization is similar to that encountered at the Dienemera and Gongondy copper-gold porphyry deposits on the Gaoua Project, where a maiden NI43-101 compliant resource comprising more than 1 million ounces of gold and 720 million pounds of copper have been estimated (see Figure 1 and Table 3).
Commenting on the results Guy Franceschi, Vice-President, Exploration of Volta stated, "These results are very encouraging in that they confirm the presence of copper-gold mineralization of the first of many "blind" targets identified by Volta following 3D processing of the airborne magnetic data and by auger drilling under cover. This deeper reverse circulation ("RC") drilling program undertaken at Boussera was limited to the eastern edge of a very large auger-defined copper-gold anomaly which will require additional drilling to fully test. The results underline the prospectivity of the 35km long porphyry corridor which host many more blind targets which remain to be tested."
Highlights from the initial five hole program include 24m @ 0.25% Cu, 13m @ 0.2% Cu and 10m @ 0.28% Cu. Four of the five holes were drilled to depths of 90 meters, one hole (GDRC5) was halted at 51m depth due to technical problems with the drill rig and before reaching the inferred extension of the mineralization. All holes were drilled on the same section, inclined at -55° to the east (see Figure 2). In all, 409 samples and 63 control samples (standards duplicates and blanks), were submitted to ALS Chemex's laboratories in Ouagadougou, Burkina Faso for gold analysis and Vancouver, Canada, for copper analysis. Gold analyses were done by fire assay on a 50g charge while copper analyses were done by atomic absorption spectrometry after Acqua Regia digestion. The copper results should be considered as representing only the leachable portion of the copper present.
Table 1: Highlights of copper-gold intersections at Boussera.
|
HOLE ID |
FROM (m) |
TO (m) |
INTERVAL (m) |
Cu (ppm) |
Au (g/t) |
|
GDRC1 |
18 |
28 |
10 |
2842 |
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