Volta Resources Inc.
Volta Resources Inc. Daily Chart Trend Line Break
A quick line graph chart to highlight the break from the downward sloping trend line. It is on the chart and in Technical Analysis trend lines do have merit and have already proven their worth to me. I’m not saying that you should trade trend lines, just saying this is one of the indicators you can use and combine with others to validate any direction you think the stock is going to take.
Normally after a short or long drop the stock breaks from the downward sloping trend line and usually starts to trade sideways from that moment on.
What happens after the break from the trend line depends on the strength of the stock.
So, considering Volta’s enormous market strength I am already opting for a more bullish recovery then just mere sideways trading.
But more on this strength and why the need for a more bullish recovery when we continue with the daily chart. So easy to write something like that but like I said, we need other confirmations and TA-wise they are to be found on the chart.
Fundamentally wise we already know Volta Resources has the goods to make and strike it BIG TIME. At least, I did my due diligence on that.
If you’re not so sure about that then I suggest you move on to other ventures or you do your own due diligence and try to find out why I think Volta Resources is well on track to becoming the next West-African gold producer.
Again, and I need emphasize this…never ever get into a stock just on the mere basis of reading an article you get in the mail or which you read on any website.
That includes this one!!!!!!
Volta Resources Inc. Daily Chart
The daily candlestick chart then, one of my favorites!
Volta’s chart really is a delight to watch…every time I open it I try to find weakness in the stock and every time I have to conclude that there isn’t any present 🙂
Funny thing saying that about a junior penny stock in times like these isn’t it?
Well, I’m sorry for that. I always tell it like it is and one sure way of quickly finding out why I am so vehement in my conclusion is just one quick scan of my most trusted of indicators…the ADX indicator.
The Average Directional Index can determine trend strength regardless of the market direction. This non-directional oscillator is based on a range of 1 to 100 (although movements over 60 are rare). If the line is under the 20 mark, the trend is considered to be weak. If the line is above the 40 mark, the trend is considered to be strong. The ADX line is built on the results of two separate technical indicators, the +DI (force of up-moves) and the –DI (force of the down-moves). The default for this study is 14 periods which takes into the consideration the measurements of the +DI and –DI for the last 14 periods.
But but but…..you just told us never to look at one indicator on its own???
True,…but I am also a rule-
I bend rules like bender bends metal.
Give a guy a break will ya! So why the bending of rules all of a sudden?
Well, with a +DI indicator which
- you know by now is a sign of the upward force in a stock
- you know from one look at the chart has always been above -DI
- you know from the chart +DI even went bonanza…which means above 60
- you know ADX was above 30 most of the time since September 2009
- you know stocks with ADX above 30 are strong trending stocks
- you know money is to be made in strong trending stocks
- you know you have a qualified strong trend when its been going on for months on end 😉
I mean, do you really blame me for bending the rules a bit? REALLY?
This ain’t no rocket science you know! And I know cause I looked it up for comparison, trust me,…rocket science really is more of a challenge then trading stocks on the market.
But for the records, to be complete and seeing as I am such a friendly chap I’ll finish the chart by looking at the other indicators.
From the chart you can see that while we had the consolidation from the high of $1.70 to a low of $1.31 which shows on the MACD, you can also see from the histogram (the little grey cubes) that that is topping off and starting its increase again to the center line. Histogram is thus decreasing again, MACD could be flattening out and turn up from here.
Well, if you look at the weekly volumes and shares which change hands in Volta Resources then that goes in the millions.
To be exact,…about 3-4 million shares traded every week!
How’s that for a junior penny stock for ya?
Volta Resources has the price of a junior penny stock but the ALLURE of a senior BLUE CHIP stock.
Volta Resources Inc. Weekly Chart
Do we even need a weekly chart? I think I’m going to be lazy this time and leave you with nothing more then this visual representation of the weekly chart with no comments at all. Fill them in for yourself.
Events to look forward to
- Nassara – Drilling is planned for June 2010 to follow up extensions and additional targets.
- Kiaka – Volta’s current drill program will test 1,200m strike of the 2,800m long KMZ zone in the Central Area. The program will infill and extend drilling on the Central Area such that the KMZ zone is drilled to 50m x 50m spacing from surface to 150m and 100m x 50m from 150m to 200m depth. Volta intends to complete the program by the middle of May 2010.
- Finalize a National Instrument 43-101 (“NI43-101”) compliant resource before the end of June 2010.
- Drilling drilling drilling and more drilling.
Then as always to close off a bit about Volta Resources themselves. You can also find all of this on their website.
I’ve now also included a bit about their Nassara Gold project. See below.
Volta Resources Inc. (TSX: VTR) is the result of a merger of two experienced West African explorers, Birim Goldfields Inc. and Goldcrest Resources Ltd. The company is geared to leverage off its accumulated experience to become a leader in identification, acquisition and exploration of gold-rich properties in West Africa. Volta Resources already has an enviable portfolio of 26 properties in Burkina Faso, Ghana and Mali; all three being mining-friendly countries that have proven world-class gold deposits.
The company is currently focused on completing a NI 43-101 compliant resource at its Kiaka Gold Project in order to fast-track the project toward commencing a pre-feasibility study in H2 2010. At its Gaoua Copper-Goldgold Project, Volta has defined a maiden NI43-101 compliant resource which includes over 1 million ounces of and 720 million pounds of copper on two of potentially several porphyry deposits located on 35km of strike of a porphyry corridor held by the company.
Volta Resources has the financial strength and flexibility to take advantage of consolidation and acquisition opportunities in West Africa. It has an exceptional team of dedicated professionals operating in the field as well as a highly experienced and respected Management and Board of Directors at the corporate level. Volta Resources Inc. is Canadian-based with its head office in Toronto, Ontario and its operations offices in Accra, Ghana and in Ouagadougou, Burkina Faso. The Company trades on the Toronto Stock Exchange under the symbol VTR.
Volta Resources is actively exploring 4,125 square kilometers of highly prospective greenstone belt in 20 properties in both Burkina Faso and Ghana. The properties are generally located on the margins of mature to emerging gold belts, the geological setting for numerous world-class gold mines in the region.
Geologically, the portfolio contains 5 separate mineralization models (see table), most of which have working mines within them – a credit to this gold-rich region of West Africa.
|Mineralization Model||Country||Mineral Belt||Property|
|“Obuasi- or Ahafo-style” belt margin shear-hosted gold||Ghana||Sefwi Belt||Banda Ahenkro, Techimentia, Nkenkasu|
|Ghana||Ashanti Belt||Dunkwa Royalty property|
|Burkina||Goren Belt||Titao Sud, Titao 1|
|Porphyry-style copper-gold||Burkina||Boromo Belt||Gaoua|
|Basin-hosted shear gold||Ghana||Bui Belt||Chenchu, Krachikrom, Cluster, Parabu, Akrobi-Kakum, Chechewere, Tainso West|
|“Damang-style” combined palaeoplacer and shear gold||Ghana||Bui Belt||Brohani, Nasana, Wewa, Bui East, Banda Nkwanta|
|“Ayanfuri- or Ahafo-style” sheared granite-hosted gold||Ghana||Maluwe Basin||Tinga, Kuri,
Kiaka Gold Project
The Kiaka gold project lies at the intersection of the northeast striking Tenkodogo greenstone belt and the regionally significant north striking Markoye Fault, in whose proximity some of the larger gold resources discovered in Burkina Faso so far, have been discovered. These include Iamgold‘s Essakane deposit (5.1 M oz), High River Gold‘s Taparko deposit (1.7 M oz), Orezone’s Bombore deposit (2.1 M oz) and Etruscan’s Youga deposit (1.5 M oz).
Nassara Gold Prospect
Location and Background
The Nassara Gold Project is located within southern Burkina Faso, close to the borders of Ghana to the west and Cote d’Ivoire to the south. The closest town is the provincial capital of Gaoua. The Nassara Gold Project is located in the southwestern corner of the Gaoua Project area which comprises three licenses (Permis de Recherche), including Malba, Souhouera and Danyoro, for a total of 691.20 km2. All three licenses are held by a wholly-owned Burkina Faso subsidiary of Volta Resources Inc., Gaoua Minerals SARL.
The southern Boromo Belt is also delivering stellar exploration success to Volta’s neighbours to the Gaoua Project, namely ASX listed Ampella Mining Ltd at their Batie West Project and Mali Gold’s Diouloumba Project. Persistently excellent drilling results from Ampella’s Konkera prospect and a major artisanal gold rush to the Tionor site, point to this region evolving as another major gold camp for the Birimian in West Africa. Volta has identified two similar prospects on extensions and structures parallel to those being pursued by Ampella, namely the Nassara and Gomblora gold prospects.
The project is located at the southern end of the Boromo Belt, one of the 2300 — 2180 Ma Birimian greenstones belts that are host to several world class gold deposits in West Africa. Greenstone lithologies include unmetamorphosed or very low-grade rhyolite, rhyodacite, andesite, andesitic tuff, sedimentary schist, volcanosedimentary schist and basalt.
A combination of mapping, airborne geophysics and stream/soil geochemistry has identified a number of gold anomalies located on N to NNW trending structures on the Gaoua Project. These are more akin to the typical shear zone hosted gold deposits that are well known in West Africa. Mineralization occurs along regionally extensive shear zones where local jogs and cross-cutting structures has resulted in local dilational settings which have resulted in well mineralized plunging gold ore shoots associated with extensive deformation and alteration. Volta has discovered this style of mineralization at Nassara and Gomblora and is actively following these targets up.
Stream sediment sampling undertaken on the Gaoua project identified gold anomalism in the southwestern corner of the project area. Following interpretation of heliborne geophysical survey data, it was recognised that similar structures that host Ampella’s resources at Konkera occurred in this area. A 4km long soil geochemical survey confirmed anomalism along the geophysical trend. A trench over a resistant “whaleback” ridge returned 44m @ 1.82g/t (including 20.5m @ 3.56g/t). This was followed up by 3 additional trenches which confirmed the strike extension of the mineralization along the ridge. A 4 hole scout RC drilling program confirmed down plunge continuity of the high grade trench intersection, returning 15m @ 4.45g/t.
Gradient Array IP surveys have indicated a strong resistivity and chargeability contrast coinciding exactly with the mineralised structure and this will provide another targeting tool to extend the known mineralization at Nassara.
Presently, Volta has extended the soil sampling program along the full 10km strike extent of the geophysically defined structural lineament. Trenching is already underway on similar “whaleback” ridges encountered along strike with co-incident gold anomalism. Drilling is planned for June 2010 to follow up extensions and additional targets.
|April 21, 2010||Volta Reports More Wide Mineralized Intercepts in the Next Section of Drilling at its Kiaka Gold Project Including 119.5m @ 1.15g/t Gold, 108.45m @ 1.06g/t Gold and 94m @ 1.21g/t Gold|
|April 19, 2010||Volta Reports More Positive Results in Next Section of Drilling at its Kiaka Gold Project Including 72m @ 1.12g/t Gold and 60.2m @ 1.17g/t Gold|
|April 14, 2010||Volta Reports More Wide Gold Intercepts at its Kiaka Gold Project in Burkina Faso Including 120.5m @ 0.94g/t Au and 62.24m @ 2.25g/t Au Including 19m @ 4.62g/t Au|
|March 31, 2010||Volta Continues to Report Wide Gold Intercepts At Its Kiaka Gold Project in Burkina Faso Including 219m @ 0.90g/t Au and 90.90m @ 1.06g/t Au|
|March 29, 2010||Volta Resources Closes Private Placement By Randgold Resources Limited|
|March 25, 2010||Update on Volta’s Ghana Properties in the Vicinity of the Bui Dam|
|March 22, 2010||IFC (Member Of The World Bank Group) Closes C$4,000,000 Investment In Volta Resources Inc.|
|March 08, 2010||Volta Drilling Extends The Mineralization At Its Gongondy Copper-Gold Porphyry Deposit At Its Gaoua Project In Southwestern Burkina Faso|
|March 02, 2010||Volta Intersects 82.10 Meters At 2.27 g/t Gold From Its Kiaka Gold Project In Burkina Faso|
|February 26, 2010||Volta Drilling Confirms A New Porphyry Copper Target At Its Gaoua Project In Southwestern Burkina Faso|
Corporate Presentation (PDF, 6.32MB)
To each to do their own research and due diligence on Volta Resources Inc. Don’t ever just make a purchase after reading any article you read on the internet. You worked hard for your money, do try to spend some of those hours you spent earning that money into some research into this or any other stock before spending it!
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