Guinea Gold Projects

Highlights of the Guinea Gold Projects

Volt has acquired a 100% interest in three gold projects (Kouroussa, Mandiana and Konsolon) in the richly mineralised Birimian Greenstone Belt in Guinea, West Africa.  

The three projects comprise six highly prospective gold permits with a total area of 388km2.

  • The Konsolon Project - the highly prospective Konsolon permit.
  • The Mandiana Project - Nzima and Monebo permits
  • The Kouroussa Project - Kouroussa, Kouroussa West and Fadougou permits

Previously announced assay results for the above permits included

  • Konsolon – 20.25g/t Au, 12.87g/t Au, 5.12g/t Au, 4.97g/t Au and 3.21g/t Au (soil samples)
  • Nzima – 14.5g/t Au, 2.93g/t Au, 1.54g/t Au and 0.86g/t Au from grab samples
  • Kouroussa – 1.02g/t Au, 0.77g/t Au, 0.46g/t Au from grab samples

More sampling is planned for the Monebo and Kouroussa West permits, with the company planning to apply for the grant of exploration permits.

Plans in place for Q4 2020 for auger drilling programs for three exploration permits (Konsolon, Kouroussa and Nzima permits).

759 auger holes for a total of 11,385 metres drilled is planned for the three permits.

The table below is a summary of the total holes and total metres planned for each permit.

Permit Number of Holes Planned metres
Konsolon 465 6,975
Kouroussa 88 1,320
Nzima 206 3,090

Konsolon Gold Project

Highlights

  • High grade gold soil sample results include 20.25g/t, 12.87g/t, 5.12g/t, 4.97g/t and 3.21g/t.
  • The project is located in a highly prospective gold region with several gold occurrences and artisanal mining activities.  Sampling conducted by previous explorers identified a NW-SE trending gold in soil geochemical anomaly within the permit area.  
  • The geology of the area includes meta-sedimentary rocks of the Lower Proterozoic Birimian Group and the Lower Cambrian deposits.  The geology is very analogous with the Lero Mine gold ore deposits which indicate that dominant in the Lower Proterozoic basement are the volcano-sedimentary deposits of the Birimian Group conventionally classified into upper and lower complexes.  The Birimian deposits are intensely deformed, characterized by isoclinal folding and faults with shifting gold ore deposits and occurrences spatially associate with the coarser deposits of the lower complex.
  • At the Konsolon Gold Project a number of 1.0km to 2.5km gold in soil anomalies has been identified along with gold bearing grab samples (below).
  • The Volt team have developed a soil sampling program in an area that was identified as  NW-SE trending geochemical anomaly by previous explorers.  The soil samples have been planned at a grid of 100m by 500m to cover all the anomalous area with a buffer of 300m – 400m.  The program will comprise of 1,800 soil samples and additional samples from sampling of artisanal mining shafts.

 

Konsolon planned auger holes

Kouroussa Gold Project

Highlights

  • Geology team has completed the desktop study phase and commenced field exploration works.
  • Gold mineralization seems to be associated with the fault systems which cut through the Kouroussa and Kouroussa West permits (see pictured below).  
  • Large parts of the permits are dominated by Birimian meta-volcanic and meta-sedimentary sequences.  
  • Review of previous geological maps has identified a series of EW (Fault 1 and Fault 2) trending faults displaced by a second set of NS (Fault 3) trending fault systems.  
  • The mapped artisanal shafts and significant artisanal workings are in line with PDI’s discovery and mapped in a NE line border with the Kouroussa Mine through the Kouroussa and Fadougou permits and known locally as the “World Bank”, with panning of material from one of the artisanal pits producing visible gold and nuggets (pictured below).  
  • The Kouroussa West permit area has been extended to the south, doubling its size due to its increased potential.
  • Grab sample results of 1.02g/t Au, 0.77g/t Au, 0.46g/t Au

Auger Plan Areas

Kouroussa Permit - Following sampling and assay from the area known as the “World Bank” in the Kouroussa Permit, an auger drilling geochemical sampling program will be undertaken in the area highlighted in the map below.

Location of identified artisanal workings on the Kouroussa permit

Kouroussa planned auger holes

Fadougou Permit - Volt’s team will collect grab samples from the artisanal working areas, followed by an auger geochemical sampling in the area that has active and old workings and in the untouched areas, a systematic soil sampling program will be conducted.

Kouroussa West Permit - The teams will execute a systematic soil sampling program to generate initial targets.  The soil sampling program will be followed by a shallow auger drilling geochemical sampling program

Location of identified artisanal workings on the Fadougou permit

Mandiana Gold Project

Highlights

  • Volt’s in-country geology team has commenced field activities in its Monebo and Nzima permits.  The Nzima permit is in close proximity to the Nzima large artisanal mining operation.  
  • Initial results from the Mandiana Project have been received.  The results have confirmed gold mineralization in all permits. 
  • Significant assay results from grab samples include 14.5g/t, 2.93g/t, 1.54g/t and 0.86g/t Au for Nzima and 8.89g/t, 0.73g/t and 0.14g/t for Monebo.  
  • Remote sensing targeting completed using Sentinel 2A satellite image has identified 56 potential targets.  Ground truthing and sampling of the targets has been completed across the project.

Mandiana Project permit locations and regional gold occurrences

Location of identified artisanal workings on the Nzima permit

Nzima planned auger holes