viewVolt Resources Ltd

Volt Resources has exploration underway in Guinea section of world-class Birimian Gold Belt

A 100-metre by 500-metre soil sampling program is being conducted to cover the northwest-southeast geochemical anomaly identified by previous explorers.

Volt Resources Ltd - Volt Resources contracts Sahara Resources to conduct exploration program at Guinea gold projects
The Konsolon exploration program is being undertaken by Volt’s newly formed Guinea team

Volt Resources Ltd (ASX:VRC) has begun exploration of its gold projects in the Siguiri Basin of Guinea, which forms part of the richly mineralised West African Birimian Gold Belt.

The initial exploration will start at Konsolon permit and include systematic soil sampling combined with mapping and sampling of artisanal mining pits and shafts.

This program at Konsolon is estimated to be completed within 30 days with follow-up programs involving detailed mapping of generated soil geochemical targets and shallow auger drilling and sampling to analyse soil geochemistry.

Samples collected from the artisanal shafts and the soil sampling program will be shipped to a nearby laboratory for analysis.

Experienced contractor

Volt has also contracted Sahara Natural Resources to conduct exploration within its Kouroussa and Mandiana projects.

Sahara has staff on the ground as well as broad experience in the region and has been involved with Predictive Discovery’s (ASX:PDI) new greenfields gold discovery.

“Excited to get underway”

Volt Resources chairman, Asimwe Kabunga said: “After a recent successful exploration campaign by Lindian [Resources] which led to the discovery of a world-class high-grade conglomerate bauxite deposit in Guinea, we're pleased for the newly formed Volt team to again be working with the Sahara team on this exciting gold project.

“Against the backdrop of Sahara’s role in the recent spectacular success of Predictive Discovery’s drilling program, Volt is excited to get the exploration activities underway and looks forward to providing the results of the exploration programs in due course."

Newly formed Guinea team

The Konsolon exploration program is being undertaken by Volt’s newly formed Guinea team comprising three geologists and one expatriate senior geologist who have mobilised to site.

Volt has begun the early works on the Guinea projects to fast-track the drill target generation phase.

A shareholder meeting to approve the issue of the completion shares and complete the Guinea gold projects acquisition is scheduled for late June 2020.

Project schedule

Sahara has assembled an experienced team of professionals to undertake Volt’s planned project exploration activities.

Those professionals proposed have significant relevant experience and include personnel who are qualified to act as a competent person under the JORC 2012 code.

The Sahara team has worked with Volt’s senior geologist in Guinea on Lindian Resources Ltd’s (ASX:LIN) recent successful bauxite exploration program in Guinea.

Guinea projects and permits

Volt has six permits and has formed them into three projects – Kouroussa, Mandiana and Konsolon.

The Konsolon project is in a highly prospective gold region with several gold occurrences and artisanal mining activities.

Its geology includes metasedimentary rocks of the lower Proterozoic Birimian Group and the Lower Cambrian deposits.

Map showing the location of all projects and permits.

Quick facts: Volt Resources Ltd

Price: 0.015 AUD

Market: ASX
Market Cap: $35.7 m

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