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Article: Gaoua Copper-Gold Project no Longer Subject to Freeport Earn-in.
- Article from:
- PR Newswire Europe
- Article date:
- January 29, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, Canada, January 29 /PRNewswire/ -- 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 ...