Volta Resources is exploring on 9 projects, comprising 29 individual properties over highly prospective greenstone belts located in Burkina Faso and Ghana. The projects are generally located on the margins of mature to emerging gold belts, the geological setting for numerous world-class gold mines in the region.

In 2012, Volta is focusing primarily on its most advanced projects in Burkina Faso. These include extensive and aggressive drilling campaigns at the Kiaka Gold Project, Gaoua Cu-Au project, Nassara gold prospect and the Titao gold project. Over 105,000 metres of drilling are planned on these four projects during 2012. The resource at Kiaka has recently been significantly enhanced with an updated NI43-101 compliant resource for the Kiaka deposit completed in March of 2012. This will lead into a prefeasibility study which Volta hopes to complete by the end of April 2012. In tandem, additional metallurgical test work, social and environmental baseline studies, hydro geological and geotechnical studies are ongoing. Drilling to refine existing gold targets on the Nassara project and to drill test the extensive parallel structures identified in 2011. At Titao, the exciting Toulfe prospect will be refined and a Phase II drilling program is planned for H2 2012.

In Ghana, work has been suspended on the Bui Gold Project pending resolution of an impasse created by the Ghanaian Environmental Protection Agency not renewing the required environmental permits for exploration because it deems that any potential mining might have an impact on the structural integrity of the Bui dam which is currently being constructed more than 25 kilometres from the closest Bui properties. Newmont Ghana continue exploring on the Newmont JV Project located on strike to the south of the Ahafo Mine structure.