Volta Resources Inc

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Location and Background The Kiaka Project is located in south central Burkina Faso, approximately 120 kilometers southeast of the capital Ouagadougou. The closest town is Gogo, approximately 15km from the provincial capital of Manga. The Kiaka Project lies at the intersection of the northeast striking Tenkodogo greenstone belt and the regionally significant north striking Markoye Fault, in whose proximity some of the larger gold resources discovered in Burkina Faso so far, have been discovered. These include Iamgold's Essakane deposit (5.1 M oz), High River Gold's Taparko deposit (1.7 M oz), Orezone's Bombore deposit (2.1 M oz) and Etruscan's Youga deposit (1.5 M oz). The Kiaka Project includes the Kiaka gold deposit acquired from Randgold Resources in October 2009 for a consideration of 20 million shares of Volta Resources and C$4 million payable in 4 tranches at 6 month intervals commencing 6 months after transfer of the Kiaka license to Volta. The Kiaka exploration permit covers an area of 244 km2, and was guaranteed to Randgold Resources on 17th June 2004 for a period of 3 years by arúte No2004/00/083/ MCE/SG/DGMGC. On 13 August 2007 the permit was renewed for the first time for a period of 3 years by the arúte No2007/ 07/116/ MCE/SG/DGMGC. The permit will be due for renewal again in June 2010 for another 3 years subject to the reduction of 25% of the present permit area. The license is currently being transferred to a wholly-owned Burkina Faso subsidiary of Volta Resources Incorporated, Kiaka Gold SARL. A local company (GEP Minerals) owns a 10% interest which is carried to the feasibility stage, whereafter they will participate with Volta assisting GEP to secure project financing. Volta has commenced an aggressive drilling program comprising >22,000 meters in order to produce a NI43-101 compliant resource that will facilitate fast tracking the project toward a development decision. Geological Setting The Kiaka project is located at the intersection of the regionally significant Markoye Fault corridor and the Tenkodogo Belt, one of the 2300 -- 2180 Ma Birimian greenstones belts that are host to several world-class gold deposits in West Africa (see Figure1). Significantly, the Essakan, Bombore, Taparko and Youga deposits all occur close to the Markoye Fault. From west to east, the lithologies at Kiaka are dominated by intercalated quartz mica garnet schist, quartz feldspar schist, amphibolites, quartz biotite schist and localized graphitic units. These are fine to medium grained metamorphic rocks after pelitic or semi-pelitic sediments origin, which was regionally metamorphosed in the amphibolites facies and later retrogressed under lower green schist facies. The lithologies are predominantly NE trending and are intruded by deformed porphyries and some gabbroic bodies in the northern and southern parts of the system. Late mafic sills like bodies intruded the middle of the target. These late intrusives are none-deformed, un-mineralized and introducing some waste material within the ore zone. Mineralization The controlling structures are predominantly oriented NE and sub parallel to the geology.

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