News

June 30, 2009

Volta Resources Is Starting To Get A Good Handle On The Geology Down On Its Burkina Faso Projects

By Alastair Ford

It must be very satisfying when you come up with a working hypothesis for a geological model, stick some drill holes down to test the validity of that model, and lo-and-behold it turns out you were right. Just exactly how satisfying it is depends, of course, on your perspective. From a geologist’s point of view, the intellectual achievement might be enough on its own. But from the point of view of those putting up the money to find out these things, the corresponding satisfaction takes on a much more financial bent. So it’s interesting to see that shares in Volta Resources have risen by slightly more than 25 per cent over the past three weeks, from a low of C$0.15 on 8th June, to a much plumper C$0.205 currently. There was even a brief lift up to C$0.22 immediately after the company announced its latest drill results on the Maména-Fofora prospect on its Kampti gold project in Burkina Faso.

That share price strength surely shows that the money behind Volta likes it that the company appears to have worked out the geology at Maména-Fofora. Kevin Bullock, Volta’s chief executive, certainly likes it. “We’re very excited about the results”, he says. “We came up with a model where we had 15 intersection points to test”. For the layman, the intersections of which he speaks broadly consist of mineralized zones trending in different directions, but which cross over each other at certain...