Volt to undertake gold exploration programme at Kouroussa
ASX-listed Volt Resources is planning to undertake an initial drilling programme on the north-east section of the Kouroussa prospect, following a review of the results of the previous sampling and auger drilling programmes conducted on its Guinea gold projects.
The drill programme is testing the previously identified anomalies first with air core (AC) drilling to the depth of weathering using angled holes collared on the existing auger drill locations.
In summary, the programme comprises 27 AC drill holes at about 50 m depth each for a total of about 1 350 m, 1 350 one-metre interval samples and 337 composite assays.
AC drilling is a cost-effective method for rapidly drilling multiple holes and obtaining samples for assaying, the company points out.
The aim of the programme is to identify the gold enrichment blanket to target in on primary gold structures.
Volt is finalising plans with its in-country team and securing subcontractors to enable the Kouroussa drilling programme to start as soon as possible.
Exploration programmes for its other gold prospects will follow the Kouroussa drilling programme.
While Volt will continue to focus on the development and operation of its graphite mines and downstream graphite processing business, the potential value creation for shareholders from successful gold exploration in the current record gold price environment provides the incentive for the company to restart gold exploration activities, it points out.
Volt has six prospects covering an area of 348.7 m2 in Guinea’s Siguiri basin and has grouped them into three projects – Kouroussa, Mandiana and Konsolon.
The projects are held through Volt’s 100% subsidiary Gold Republic.
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