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Volta gets Mali permit

The subsidiary of Canadian junior, Volta Resources, Birim Goldfields was granted the new and exclusive 125 km² Massabougou exploration permit in south-eastern Mali.

Kevin Bullock, Volta’s president and CEO, says, “Massabougou was highlighted for acquisition following a target generation study undertaken by our experienced West African team. It also initiates our involvement in Mali, which is rapidly gaining a reputation for discovery, development, and production of gold from world class deposits.”

The Massabougou permit is underlain by Birimian (PaleoProterozoïc) lithologies located in the Bagoe geological sub-province which extends southward from southern Mali into northern Cote d’Ivoire. This region hosts several major gold deposits including Resolute’s Syama mine and Randgold’s newly developed Tongon deposit in Cote d’Ivoire.

Promising exploration projects include Perseus’s Tengrela project in Cote d’Ivoire, Etruscan/Resolute’s Tabakaroni project and Robex’s Nampala project in Mali. The equally prolific Siguiri geological sub-province which hosts Randgold/Anglogold Ashanti’s Morila mine (greater than five million ounces) is located to the west across the crustal-scale north-easterly trending Banafing shear zone.

Previous regional investigations, carried out by United Nations organisations and mining companies, identified significant gold-in-soil anomalies aligned along a NW-SE cross-cutting corridor at Massabougou. This has been confirmed during preliminary regional orientation sampling, recently undertaken by Volta during the permit application phase under a temporary prospecting license, where a greater than 10 km long NW-trending gold-insoil anomaly in the southern part of the property was identified.

The next phase of work at Massabougou will entail infill soil sampling at these more prospective areas in order to convert the anomalies into drill targets.