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Company Information for Volta Resources Inc.
Company stock charts - 12 Month chart
 TSX; VTR
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Company Statement
Volta Resources Inc. (TSX: VTR) is the result of a 50/50 merger of two experienced West African explorers, Birim Goldfields Inc. and Goldcrest Resources Ltd. This newly enriched and expanded company will maximize its mandate to become the leader in identification, acquisition and exploration of gold-rich properties in West Africa. Volta Resources already has an enviable portfolio of 26 properties in Ghana and Burkina Faso; both mining-friendly countries that have proven world-class gold deposits.
Volta Resources has the financial strength and flexibility to take advantage of consolidation and acquisition opportunities in West Africa. It has an exceptional team of dedicated professionals operating in the field as well as a highly experienced and respected Management and Board of Directors at the corporate level. Volta Resources Inc. is Canadian-based with its head office in Toronto, Ontario and its operations offices in Accra, Ghana and in Ouagadougou, Burkina Faso. The Company trades on the Toronto Stock Exchange under the symbol VTR.
Current Operations
GHANA
Bui Gold Belt
The Bui Belt is defined by a NE-SW trending syncline of Tarkwaian metasediments. These have a maximum width of 17km in the north and narrow to 5km in the south of the belt. The eastern and western limbs of the syncline could be defined as the principal geological features of the belt and these comprise of mostly vertically-dipping silicified conglomerates, grits and quartzite packages which are expressed as prominent elongated ridges. The Tarkwaian metasediments can be stratigraphically correlated for hundreds of kilometres and can be correlated favourably with portions of the Tarkwaian stratigraphy defined at Tarkwa Mine in southern Ghana. The total thickness is estimated to be 9,000 meters, which is more than 3 times thicker than the comparable units observed in the Tarkwa District.
The margins of the Tarkwaian syncline with the enveloping Birimian rocks of the Sunyani and Maluwe Basins have been thrusted and sheared. The Birimian stratigraphy comprises of lightly metamorphosed argillites, wackes, volcaniclastics and volcanics through which trend multiple, large and parallel, NE-oriented sheared corridors of deformation.
The area covered by the Bui Belt has a low population density, making it conducive to mining exploration. Power lines crisscross the region and recently in September 2007 the President of Ghana opened construction of the Bui Hydroelectric Dam. This will see 400 Megawatts of power being generated in the region by 2012.
Sefwi Gold Belt
The Sefwi Belt is dominated by mafic volcanics, metasediments and intrusive granitoids. The belt is sandwiched between adjacent sedimentary basins (Sunyani Basin to the west and the Kumasi Basin to the east) and the shared margins are highly faulted and sheared. These northeast trending marginal faults are traceable along the full length of the belt. In addition, there are major prospective faults within the interior of the belt that splay off and link the marginal fault structures that are associated with gold mineralization. Late east-northeast trending crosscutting oblique lineaments are seen in regional data sets and are seen to be represented by similarly oriented structures at the deposit level which are also associated with gold mineralization.The overall structural fabric of the belt is NE.
Ashanti Belt Royalty Property
Birim sold the 125 sq. km. Dunkwa property on the Ashanti Gold Belt to Golden Star Resources for US$3.4 million and maintains a sliding scale royalty (NSR) currently equal to 3.5% on all production including the Mampon deposit (after the first 200,000 ounces). Production is scheduled to commence in 2008.
BURKINA FASO
Houndé Gold Belt
The Hounde Belt is one of several Birimian greenstone belts flanked by granitoids of various ages and basement gneisses covering most of Burkina Faso. It is located approximately 260km west of Ouagadougou and 160km east of the Mali border. This north trending belt extends for over 320km from northwestern Burkina Faso to the Cote d'Ivoire border and then for a further 205km in Cote d'Ivoire.
Virtually the entire belt is under exploration or exploitation license with a number of Canadian and Australian companies very actively carrying out exploration programs which have already delivered significant gold resources. These include Semafo, Orezone, Birim, Goldrush, Goldbelt, Riverstone and several local Burkinabi companies. Semafo is currently constructing the Mana mine, which is expected to commence production in Quarter 1 of 2008. The Mana mine has total gold reserves and resources of approximately 1,650,000 ounces. Orezone have defined a 200,000 ounce gold resource for the Bondi Project.
Boromo Belt
The Boromo Greenstone Belt is part of the prolific Paleoproterozoic (Birimian) greenstone belts of the West African craton. It trends roughly north to northeast from the southernmost border of the country through to central Burkina Faso, over about 400km length. It extends into northwestern Ghana, where it is known as the Wa-Lawra belt. Lithologies in the belt are dominated by mafic to intermediate lavas, tuffs and volcanoclastic sediments, which have in places been intruded by dioritic and gabbroic stocks.
The Boromo greentone belt hosts a large number of significant gold and base metal deposits. This includes the Poura gold deposit, the Bonga lateritic nickel occurrence and the Perkoa volcanogenic zinc massive sulphide deposit. The Poura underground gold mine, the first industrial gold exploitation in the country, produced in excess of 0.7million ounces of gold until its closure in the late 1990s. AIM Resources is currently developing the Perkoa zinc VMS deposit in the northern half of the belt, with a JORC compliant reserve of 6.3Mt at 14.5% zinc. Recent work by Azumah Resources Ltd at their Kunche Deposit, in the Ghanaian branch of the belt, has returned positive results with a recent resource reported of 8.5Mt grading 1.9g/t Au for 516Kozs Au.
The Boromo belt is presently the scene of intensive mineral exploration carried out by a multitude of foreign and local companies.
Geographical Spread
Accra, Ghana and Ouagadougou, Burkina Faso
Board of Directors and Key Management
| Denis Simoneau | Chairman, Director |
| Kevin Bullock | President & CEO and Director |
| Vic King | Chief Operations Officer and Director |
| Rob Whittall | Chief Financial Officer, Secretary and Director |
| Guy Franceschi | Vice President Exploration |
| Gordon Bogden | Director |
| Lew Lawrick | Director |
| Craig Pearman | Exploration Manager |
Company AddressSuite 602 - 67 Yonge Street
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Additional Address/Key ContactGHANA OFFICE |
Annual General MeetingAugust | Year EndMarch 31st |
Related News
09/06/08 - Volta Resources Emerges From A Merger Which Will Give It A Very Strong Position In West Africa13/02/08 - Birim Goldfields And Goldcrest Resources Make A Perfect Match
Most Recent Statement
24/06/08 - Volta Resources Adds Bob Francis To The Board18/06/08 - Volta Resources Intersects 8 Metres Grading 12.34 G/T Gold At Its Kampti Gold Project, Burkina Faso, West Africa
11/06/08 - Volta Resources Acquires Two New Gold Exploration Permits In Burkina Faso, West Africa
07/05/08 - Volta Resources Commences Phase Two Core Drilling Program At Its Gaoua Copper-Gold Project, Burkina Faso
05/05/08 - Aircore Drilling At Volta's Cluster Property In Ghana Extends Gold Mineralization At The Chert Ridge Project
01/05/08 - Volta Resources & Freeport-McMoRan Exploration Corporation Amend Gaoua Earn-In Agreement