UPDATE: Volta Resources Releases Updated NI 43-101 Report for Kiaka Gold Project; Shares Up 6% Late Morning
Volta Resources Inc. (VTR.TO) today announced an updated NI 43-101 compliant Mineral Resource estimate for the Kiaka Gold Project, located approximately 140km southeast of Ouagadougou in southern Burkina Faso.
Confirmation of the continuity of higher grade lenses within the Kiaka Main Zone (KMZ), facilitating the definition of discrete lenses (KMZ_Lenses) hosting Measured and Indicated Resources of 41.68 Mt @ 1.52 g/t Au for 2,039,000 ounces of gold and Inferred Resources of 5.51 Mt @ 1.70 g/t Au for 301,000 ounces of gold.
The total Kiaka Project, including Kiaka Central and Kiaka South, now contains Measured and Indicated Resources of 153.26 Mt @ 0.99 g/t Au for 4,862,000 ounces of gold and Inferred Resources of 33.74 Mt @ 0.93g/t for 1,006,000 ounces of gold (unchanged). This represents a 10% increase in Measured and Indicated Resources, when comparing both sets of models at a 0.4g/t cut-off.
The total Kiaka Project has higher grade Measured and Indicated Resources of 29.56 Mt @ 1.51g/t for 1,437,000 ounces of gold occurring within the top 250m of the deposits, sufficient to sustain processing ore at an in situ grade approximately 40% higher than the average grade of the deposits in a 6.0 Mt per annum facility for up to five years.
Volta Resources is up 3 cents to 52 cents late morning.Volume traded is 284,000.
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