Volta hits high grades

Following the artisanals is proving to be a fruitful strategy for Volta Resources (VTR-T)

The company announced high grade intersects from a recent drill program at its wholly owned Kampti 3 permit in southern Burkina Faso.

In Toronto on June 18, the Montreal-based company’s shares climbed close to 7% or 4 to 62 on roughly 80,000 shares traded.

Highlights from the program which saw 38 reverse circulation holes drilled to a maximum depth of 110 metres include:

• Hole 27 — 8 metres grading 12.34 grams gold, from a depth of 102 metres.
• Hole 28 — 8 metres grading11.81 grams gold, from a depth of 59 metres.
• Hole 35 — 14 metres grading 2.77 grams gold, from a depth of 62 metres.
• Hole 41 — 5 metres grading 5.21 grams gold, from a depth of 29 metres.

Volta cautions, however, that true widths are not yet known.

Volta focused the program mainly on the Mamna-Fofora zone in the north of Kampti. The area is known for it’s the large amount of artisanal gold mining being done there.

The remaining holes tracked a separate artisanal site to the west, known as Tiossera.

Volta says there are several mineralized structures being mined by artisanals miners were it has defined coincident chargeable and resistive zones via a recently completed induced polarization survey.

The mineralized zones are composed of meta-basalts and rhyolites with common quartz porphyry units with mineralization associated with arrays of narrow quartz veins, sulphides, silicification and local kaolinization.