Volta (VTR.V) (formerly Birim & Goldcrest) without Freeport-McMoran
GAOUA COPPER-GOLD PROJECT NO LONGER SUBJECT
TO FREEPORT EARN-IN
Toronto– 2 JAN 2009 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) reports that Freeport-McMoRan Exploration Corporation (“FMEC”) has provided notice that FMEC has elected not to proceed with exploration expenditures and payments related to an earn-in agreement on Volta’s Gaoua copper-gold porphyry project located in southern Burkina Faso. FMEC has not earned an interest in the project and does not retain any back-in rights to the Gaoua project.
Over 23,000 metres of drilling has been carried out over the last two years on the Gongondy and Dienemera deposits within the Gaoua properties. Based on the positive drill assay results Volta has commissioned SRK Consulting (UK) to undertake an independent National Instrument 43-101 compliant resource estimate for the Gongondy and Dienemera deposits at the Gaoua project. This resource estimate is scheduled to be completed during the current quarter. Volta is planning additional drilling to extend the mineralization on the aforementioned deposits, as well as tractor-mounted power auger drilling to pursue targets under transported regolith cover identified along the 35 kilometer long porphyry corridor within the Gaoua properties.
Volta is a mineral exploration company focused on becoming the leader in the identification, acquisition and exploration of gold properties in West Africa. The Company is committed to West African exploration and is Canadian-based with its head office in Toronto, Ontario and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso. The Company currently has 53.2 million common shares issued and over $8.0 million in cash and marketable securities.
For further information, please refer to our website www.Voltaresources.com or contact:
Kevin Bullock, P.Eng., President & CEO
Tel: (416) 867-2299
Fax: (416) 867-2298
Email: kbullock@voltaresources.com
Investor Relations: Vancouver
Farah Alibhai
Tel: (604) 731-7340
Email: falibhai@voltaresources.com
