By: Creamer media

The company’s successful auger drilling campaign identified four drilling targets that extended the known gold anomalous areas in the Kouroussa prospect to over 1 000 m in length; two major gold anomalies in the Konsolon prospect for a combined strike length of over 2 450 m and which remain open with a number of other gold anomalous areas; and a large gold anomaly within the Nzima prospect which is currently 600 m in length and remains open at both ends along strike.

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 states.

Volt has six prospects covering an area of 348.7 km2 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.