Volta Resources Announces New Porphyry Copper-Gold Mineralization at Dienemera, Gaoua Project, Burkina Faso

- Intersects 100.0 meters at 0.47% copper-equivalent -

- And 61.0 meters at 0.52% copper-equivalent -

TORONTO, Dec. 19, 2012 /CNW/ - Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces additional results from its recently completed 131 hole, 13,528 metres, reverse circulation (RC) and diamond drilling (DD) program on its Gaoua copper-gold project, located in southern Burkina Faso, West Africa (see Figure 1). The program aimed at testing for continuity and extensions, both along strike and laterally, of the known copper-gold mineralization at Gongondy and Dienemera. Gongondy and Dienemera are two of several copper-gold porphyry targets on the Gaoua Project where sufficient drilling has been undertaken to estimate a maiden NI43-101 compliant resource comprising more than 1 million ounces of gold and 720 million pounds of copper (see table 3).

This press release includes the results from 62 reverse circulation holes, totalling 5,039m of drilling, drilled on the Dienemera prospect, from Section 1147200N to Section 1148550N. The drilling campaign at Dienemera aimed specifically at testing an area located some 500m east of the main orebody where previous scout drilling had intersected copper-gold mineralization, at searching for extensions along strike and along the eastern margin of the main orebody and at infilling areas of previous wide-space drilling.

The drilling traced the copper-gold mineralization, located 500 m east of the main deposit, for over more than 250m along strike, parallel to the main orebody (see Figure 2). This new mineralized body remains open along strike. In addition, the drilling extended the main orebody further to the east and to the north and still remains open in all directions. Highlights from the current reported holes include:

DRC27:   78.0m @ 0.30 % Cu and 0.20g/t Au (0.44% CuEQ)
DRC29:   39.0m @ 0.28 % Cu and 0.30g/t Au (0.49% CuEQ)
DRC47:   34.0m @ 0.35 % Cu and 0.15g/t Au (0.45% CuEQ)
DRC48:   23.0m @ 0.37 % Cu and 0.25g/t Au (0.55% CuEQ)  AND
DRC48:   11.0m @ 0.62 % Cu and 0.22g/t Au (0.77% CuEQ)
DRC50: 100.0m @ 0.34 % Cu and 0.18g/t Au (0.47% CuEQ)
DRC54:   58.0m @ 0.30 % Cu and 0.15g/t Au (0.41% CuEQ)
DRC71:   57.0m @ 0.37 % Cu and 0.15g/t Au (0.47% CuEQ)
DRC72:   19.0m @ 0.53 % Cu and 0.19g/t Au (0.67% CuEQ)
DRC73:   61.0m @ 0.38 % Cu and 0.20g/t Au (0.52% CuEQ)

Kevin Bullock, Volta Resources' CEO, said, "The latest results at Dienemera clearly illustrate a significant extension of mineralization in this deposit.  Together with the extension of the Gongondy deposit (announced last week), the potential for resource growth on the Gaoua Project has been enhanced.  Volta is currently working with independent consultants to update the NI43-101 compliant resource estimate for the Gaoua Copper-Gold Project."

Volta Resources, with SRK Consulting (UK), is scheduled to complete an updated NI 43-101 compliant resource for the Gaoua Project in early Q1, 2013 incorporating all results from holes drilled to date, including the results reported in this press release.

Significant results for the holes are highlighted in Table 1 and locations shown in Figure 2. Analyses of the Volta Resources samples were undertaken by fire assay on a 50g charge for gold at the Actlabs Laboratories in Ouagadougou, and by Atomic Absorption for copper at the Actlabs Laboratories in Ancaster/Canada. Volta Resources' sampling and assay procedures included rigorous QA/QC elements that employed the inclusion of certified standards and blanks.

Table 1: Highlights of Copper and Gold Intersections for the Reported Drill Holes

HOLE ID	FROM (m)	TO (m)	INTERVAL (m)	CuEQ (%)	Au (g/t)	Cu (%)	REMARKS
DRC22	70.00	95.00	25.00	0.31	0.14	0.21
DRC23	0.00	27.00	27.00	0.40	0.13	0.30
DRC26	2.00	18.00	16.00	0.35	0.25	0.17
DRC27	3.00	81.00	78.00	0.44	0.20	0.30
DRC28	62.00	75.00	13.00	0.44	0.19	0.31
DRC29	0.00	39.00	39.00	0.49	0.30	0.28
	78.00	97.00	19.00	0.47	0.16	0.36
DRC36	54.00	82.00	28.00	0.32	0.07	0.27
DRC37	15.00	28.00	13.00	0.32	0.10	0.26
DRC40	28.00	66.00	38.00	0.36	0.11	0.28
DRC42	8.00	27.00	19.00	0.47	0.19	0.33
	46.00	70.00	24.00	0.44	0.15	0.34
DRC43	17.00	30.00	13.00	0.34	0.11	0.26
DRC44	6.00	31.00	25.00	0.38	0.14	0.28
DRC47	16.00	50.00	34.00	0.45	0.15	0.35
DRC48	0.00	23.00	23.00	0.55	0.25	0.37
	30.00	41.00	11.00	0.77	0.22	0.62
	54.00	78.00	24.00	0.32	0.11	0.24
DRC50	0.00	100.00	100.00	0.47	0.18	0.34	ENDED IN MINERALIZATION
DRC51	4.00	52.00	48.00	0.39	0.13	0.29
DRC52	31.00	54.00	23.00	0.39	0.16	0.27
	60.00	70.00	10.00	0.38	0.13	0.29
DRC53	1.00	50.00	49.00	0.39	0.16	0.28	ENDED IN MINERALIZATION
DRC54	2.00	60.00	58.00	0.41	0.15	0.30	ENDED IN MINERALIZATION
DRC55	0.00	12.00	12.00	0.36	0.15	0.25
	35.00	50.00	15.00	0.37	0.14	0.27
DRC60	18.00	49.00	31.00	0.41	0.18	0.29
DRC60	74.00	99.00	25.00	0.43	0.12	0.34	ENDED IN MINERALIZATION
DRC63	0.00	11.00	11.00	0.38	0.14	0.28
DRC67	16.00	26.00	10.00	0.38	0.18	0.25
DRC71	10.00	67.00	57.00	0.47	0.15	0.37	ENDED IN MINERALIZATION
DRC72	1.00	15.00	14.00	0.45	0.21	0.31
	59.00	78.00	19.00	0.67	0.19	0.53	ENDED IN MINERALIZATION
DRC73	0.00	61.00	61.00	0.52	0.20	0.38

Table Notes:

1) Intervals are drilled lengths. True width is unknown at this time.
2) Internal dilution (less than 0.3 % CuEQ) has been carried out to a maximum of 5m except for the intervals in hole DRC44,where the maximum internal dilution (MID) is 6m.
3)  Intersections are based on a 0.3% CuEQ cut-off with no top cut applied.
4)  The intersections listed in the table represent sections of at least 10m@ 0.3% CuEQ.
5)  The intersections represent sections drilled by reverse circulation (RC). The drill holes were sampled at 1m intervals. Dry samples were riffle-split to provide 2 kg samples sent to the laboratory. Wet samples were dried in the field, then riffle-split in the same way.
6)  Samples were sent to Actlabs in Ouagadougou for standard preparation and gold assaying (FA) and to Actlabs in Ancaster/Canada for Cu assaying by atomic absorption spectrometry.
7)  The accuracy of the results was tested through the systematic inclusion of Cu-Au standards and field blanks. Standards were inserted every 15 samples and blanks approximately every 30 samples. The results for the reported holes have passed the Company's QA/QC protocols.
8)  Copper equivalent grade was calculated using US$3.00/lb Cu and US$1400/oz. Au and is not adjusted for mining and metallurgical recoveries as these remain uncertain. The formula used is as follows: CuEQ = Cu% + (Au g/t x 0.7).

TABLE 2: Collar Coordinates and Orientation Parameters

SECTION	HOLEID	UTM_X	UTM_Y	UTM_Z	DEPTH (m)	DIP (degrees)	AZIMUTH (degrees)
1147200N	DRC56	497948	1147211	328	53	-60	90
	DRC57	497974	1147197	333	62	-60	90
	DRC58	498008	1147197	334	38	-60	90
	DRC59	498027	1147201	334	40	-60	90
1147500N	DRC63	498501	1147498	338	42	-60	90
	DRC64	498522	1147503	331	55	-60	90
	DRC62	498451	1147500	331	49	-60	90
	DRC65	498450	1147497	334	95	-60	90
	DRC66	498550	1147503	331	70	-60	90
	DRC67	498585	1147500	333	100	-60	90
	DRC68	498635	1147500	332	100	-60	90
	DRC69	498685	1147500	332	70	-60	90
1147625N	DRC26	498050	1147625	323	100	-60	90
	DRC27	498100	1147620	320	100	-60	90
	DRC28	498150	1147625	322	100	-60	90
	DRC29	498451	1147624	330	100	-60	90
	DRC30	498600	1147625	320	100	-60	90
	DRC31	498650	1147625	320	91	-60	90
	DRC60	498396	1147623	329	99	-60	90
	DRC61	498552	1147634	332	100	-60	90
1147750N	DRC70	498425	1147750	334	100	-60	90
	DRC71	498480	1147750	333	67	-60	90
	DRC72	498513	1147750	331	78	-60	90
	DRC73	498552	1147750	332	91	-60	90
	DRC74	498598	1147750	332	100	-60	90
	DRC75	498648	1147749	336	80	-60	90
1147850N	DRC22	498500	1147850	328	100	-60	90
	DRC23	498550	1147850	330	100	-60	90
	DRC24	498596	1147849	331	100	-60	90
	DRC25	498650	1147850	332	100	-60	90
1148025N	DRC45	497825	1148025	313	55	-60	90
	DRC46	497852	1148025	321	71	-60	90
	DRC47	497887	1148025	322	53	-60	90
	DRC48	497916	1148025	316	100	-60	90
	DRC49	497966	1148025	323	80	-60	90
	DRC50	498013	1148025	330	100	-60	90
	DRC51	498134	1148023	332	61	-60	90
	DRC52	498104	1148020	331	70	-60	90
	DRC53	498065	1148010	330	50	-60	90
	DRC54	498087	1148016	325	60	-60	90
	DRC55	498161	1148048	334	94	-60	90
1148300N	DRC32	497778	1148301	315	80	-60	90
	DRC33	497808	1148300	314	37	-60	90
	DRC34	497825	1148300	314	37	-60	90
	DRC35	497846	1148294	320	34	-60	90
	DRC36	497860	1148290	316	85	-60	90
	DRC37	497901	1148302	313	85	-60	90
	DRC38	497945	1148308	313	88	-60	90
	DRC39	497997	1148301	318	94	-60	90
	DRC40	498049	1148302	331	100	-60	90
	DRC41	498107	1148303	330	100	-60	90
	DRC42	498155	1148300	336	82	-60	90
	DRC43	498194	1148298	334	98	-60	90
	DRC44	498246	1148246	330	100	-60	90
1148550N	DRC13	497775	1148550	314	88	-60	90
	DRC14	497825	1148550	309	79	-60	90
	DRC15	497870	1148550	312	100	-60	90
	DRC16	497924	1148549	321	100	-60	90
	DRC17	497976	1148550	327	100	-60	90
	DRC18	498026	1148545	326	100	-60	90
	DRC19	498075	1148549	332	44	-60	90
	DRC20	498123	1148565	343	70	-60	90
	DRC21	498164	1148565	336	64	-60	90

On February 5, 2009, the Company announced an independent NI 43-101 compliant inferred resource estimate for the Gongondy and Dienemera deposits on the Gaoua project (See Volta press release dated February 5 2009). The resource estimate was calculated by SRK Consulting (UK) Ltd. At a 0.45% copper equivalent cut-off grade, the Dienemera and Gongondy deposits host an initial Inferred Resource of 82,600,000 tonnes grading 0.40% copper and 0.40 g/t gold for a total of 724,880,000 lbs. of copper and 1,072,900 ounces of gold. The individual resource estimate for each deposit is provided in the table below. Copper Equivalent ("CuEQ") was calculated from assumed revenues of USD 3,000 per tonne of copper and USD 700 per ounce of gold with metallurgical recovery assumed to be 85% and 70% respectively based on initial QEMSCAN results. Gold grade was multiplied by 0.6 and added to the copper grade to provide CuEQ grade. The cut-off grade further assumed typical costs of USD 2 per tonne for mining and USD 10 per tonne for processing and general administration costs.

Table 3: NI 43-101 compliant Inferred Resource estimate

DEPOSIT	Cut-off Grade	Tonnage	Copper		Gold		Copper Equivalent
	(CuEQ %)	(tonnes)	%	lbs.	g/t	Oz	%	lbs.
Dienemera	0.45	23,000,000	0.50	255,075,000	0.21	155,300	0.63	319,009,000
Gongondy	0.45	59,600,000	0.36	469,805,000	0.48	917,600	0.65	847,236,000
TOTAL	0.45	82,600,000	0.40	724,880,000	0.40	1,072,900	0.64	1,166,245,000

Estimation by SRK Consulting (UK) Ltd. out of Cardiff, at a 0.45% copper equivalent cut-off grade at Dienemera and Gongondy - see News Release of 5 February 2009.

Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua project is Mr. Guy Franceschi, Vice President, Exploration for Volta. Mr. Franceschi is a member of the European Federation of Geologists and has reviewed and approved the contents of this news release.

About Volta Resources:

Volta Resources has a portfolio of quality gold exploration projects in Burkina Faso and Ghana, both mining-friendly West African jurisdictions with proven world-class gold deposits.  VTR will focus on fast-tracking its flagship Kiaka Gold Project (NI-43-101 compliant resources include 117.42 million tonnes @ 1.07 g/t Au for 4,029,000 ounces in the Measured and Indicated categories and 29.96 million tonnes @ 1.00 g/t Au for 1,000,000 ounces in the Inferred category [Please see VTR press release dated March 21, 2012] including 34.38 million tonnes @ 1.04 g/t Au for 1,145,969 ounces of gold in the Proven category and 91.70 million tonnes @ 0.93 g/t Au for 2,742,353 ounces of gold in the Probable category (Please see VTR press release dated May 3, 2012) towards a development decision, aiming to complete a Feasibility Study in Q3, 2013. Recent acquisition of properties around the Kiaka Gold Project has provided VTR with an extensive ground position along the highly prospective Markoye Fault Corridor in an important emerging gold province.

  

Forward Looking Information Caution:

This press release presents "forward-looking statements" within the meaning of Canadian securities legislation that involve inherent risks and uncertainties.  Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.  Generally, these forward-looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Volta Resources to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to international operations, risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities.  Although the management and officers of Volta Resources believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Volta Resources does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Image with caption: "Figure 1: Location of the Gaoua Project and the Dienemera Deposit (CNW Group/Volta Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20121219_C2390_PHOTO_EN_22108.jpg

Image with caption: "Figure 2: Drill hole collars and current highlights for the Dienemera Cu-Au Porphyry Deposit (CNW Group/Volta Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20121219_C2390_PHOTO_EN_22109.jpg

SOURCE: Volta Resources Inc.

For further information, please refer to our website www.Voltaresources.com or contact:

Kevin Bullock, P.Eng., President & CEO 
Tel:  [phone]
Fax: [phone]
Email: [email protected] 

or

Andreas Curkovic, Investor Relations
Tel: [phone]