16:57 | 18.04.2008
eResearch: VOLTA RESOURCES INC. – Initiating Report
UPFRONT
Combining two competent mining management teams having operational, geological, exploration, and fi nancial experience in the mining industry, with prospective gold-producing properties in West Africa, plus being fully funded to carry out the current aggressive drilling program, and it augurs well for the future of this new speculative mining entity.
RECOMMENDATION
eResearch is initiating coverage of Volta Resources Inc. (”Volta” or the “Company”) with a Speculative Buy rating, and a share price target of $1.40. The stock is recommended for higher-risk investors.
PROFILE
Volta Resources Inc. (”Volta” or the “Company”) is a junior mineral exploration company focused on precious and base metals in West Africa: in Burkina Faso, Ghana, and Mali.
HIGHLIGHTS
- Diversifi ed portfolio of 27 properties in the richest gold mining districts in West Africa
- Well-fi nanced to complete 2008 exploration and development programs
- Aggressive drilling program of at least 21,000 metres in the fi rst year of operation
- Currently expanding NI 43-101 compliant resource estimate of 232,000 oz Au at an average of 3.5 g/t, on the Far East Gold Deposit, Tinga Property
- Three additional properties to complete NI 43-101 compliant Technical Report expected in the next 12 months
- Proven senior management and technical team with West African experience
- Excellent government relations
- Ongoing industry problems of access to human resources and drill rigs
- Industry-wide pressure on assay labs could delay the results required for the NI 43-101 technical reports
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