November 30, 2010 / 6:21 PM / 8 years ago

UPDATE 1-Volta Resources gives positive drilling results,shrs up

* Says results indicative of resource growth potential

* Says results from holes consistent with first drill program

* Shares touch lifetime high

Nov 30 (Reuters) - Volta Resources Inc VTR.TO posted positive initial drilling results at its Kiaka gold project in Burkina Faso and said these indicated resource growth potential at the project, sending its shares to a life-time high.

The mineral explorer posted results from eight holes drilled at Kiaka, and said they were consistent with its first drill program and have extended the mineralization to over 300 metres vertical depth.

“Along with the deeper holes hitting the mineralization down to a 300 meter depth, we are pleased about the resource growth potential at the Kiaka Gold Project,” Chief Executive Kevin Bullock said in a statement.

Voltas is focussed on exploration of gold properties in west Africa.

Volta shares were trading up 21 Canadian cents at C$2.61 Tuesday on the Toronto Stock Exchange. They touched a high of C$2.65 earlier in the session. (Reporting by Arnika Thakur in Bangalore; Editing by Jarshad Kakkrakandy)

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