VOYAGER RESOURCES LTD - ASX: VOR

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Description

Voyager Resources Limited (Voyager Resources) relisted on the ASX on the 1st September 2009 with the goal to create a sustainable exploration and development business focussed on gold resource opportunities, utilising a management team that has a proven track record of acquiring and developing mineral projects throughout the world.

Since listing, the Board has strived to acquire quality gold projects that will allow the Company to grow rapidly. This has culminated in the acquisition of four quality gold projects in the nation of Mongolia, including the high grade Daltiin Ovor Gold Project.

Voyager plans to drill at least 10,000 metres of diamond drill core and Reverse Circulation Drilling in 2010 on its projects in Mongolia with the aim of identifying an initial JORC resources later this year.

This is a new era for the Company under the banner of Voyager Resources Limited and the journey should be rewarding for all shareholders.

Daltiin Ovor Gold Project - Highlights

* Voyager to acquire 80% of the High Grade Daltiin Ovor Gold Project in Mongolia
* Trenching results include:
o 12 metres at 8.66 g/t gold, 24.42 g/t silver and 0.67% copper, including 7 metres at 14.55 g/t gold, 39.29 g/t silver and 1.05% copper
o 14 metres at 2.88 g/t gold, including 6 metres at 5.04 g/t gold
o 4 metres at 9.04 g/t gold o 10 metres at 7.8 g/t gold
o 15 metres at 5.41 g/t gold, 22.19 g/t silver and 0.5% copper, including 7.8 metres at 9.24 g/t gold, 30.71 g/t silver and 0.82 % copper
o 11.4 metres at 8.79 g/t gold, 14.06 g/t silver and 0.63% copper
o 2.2 metres at 14.59 g/t gold, 30.61 g/t silver and 0.79% copper
o 2.3 metres at 9.58 g/t gold, 21.33 g/t silver and 0.64% copper
* Diamond core drilling completed in 2004, returned encouraging results, including:
o 3 metres at 25.22 g/t gold, 43.67 g/t silver and 1.55% copper from 17.6 metres (KBD-01)
o 3 metres at 6.29 g/t gold, 23.67 g/t silver and 1.14% copper from 18.3 metres (KBD-06)

Tsagaan Chuluut Gold Project - Highlights

* Voyager to acquire 80% of the Tsagaan Chuluut Gold Project in Mongolia.
* Mineralisation at Tsagaan Chuluut includes gold rich epithermal and porphyry copper gold.
* Previously completed trenching intersected broad zones of gold mineralisation, including:
o 47m at 0.71 g/t gold and 36m at 0.84 g/t gold (T-97-2)
o 13m at 1.34 g/t gold and 15m at 1.30 g/t gold (T-97-4)
* Fifteen Reverse Circulation drill holes and one diamond core drill hole (TC1D001) have been previously completed. Drilling intersected broad zones of porphyry gold mineralisation from surface, including:
o 124 metres at 0.41 g/t gold from surface (TCRC002) - Including 36 metres at 0.8 g/t Au from 88 metres and 12 metres at 1.52 g/t gold from 112 meters
o 198 metres at 0.44 g/t gold from surface (TCRC006) - Including 142 metres at 0.55 g/t gold from 56 metres
o 138 metres at 0.38 g/t gold from surface(TCRC007) - Including 50 metres at 0.83 g/t gold from 88 metres
o 150 metres at 0.55 g/t gold from surface(TCRC015) - Including 100 metres at 0.78 g/t gold from 48 metres

Argalant Gold Project - Highlights

* Voyager has acquired 100% of the Argalant Gold Project.
* Argalant is located within a similar geological setting to the nearby Golden Hills Gold-Copper Project that hosts a combined resource of 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.
* A three hole exploration drilling programme conducted in late 2005 returned encouraging results before being abandoned due to technical difficulties, results included:
o 49.3m at 0.50% copper from 23.7m (ARDH2005-03)
o 1.1m at 1.3g/t gold and 3.27% copper (ARDH2005-01)
o 3.0m at 0.70g/t gold & 0.84% copper (ARDH2005-01)
* Historic rock chip sampling has returned up to 191g/t gold and 10.3% copper.
* Large licence package of approximately 2,500 km2 applied for in surrounding area that has reported gold, copper and silver mineralisation in reconnaissance exploration.

Tsagaan Gold Project - Highlights

* Strong evidence that an epithermal gold system may be discovered with further drilling
* High level Induced Polarisation chargeability anomalies coincident with resistivity highs
* Soil sampling returned peak highs of 2.268 g/t and 0.85 g/t gold
* One successful diamond drill hole completed to date, returning significant gold anomalism of 17.9 metres at 0.26 g/t Au from 242 metres, with the drill hole ending in 3.90 metres at 0.49 g/t gold
* Rock chip sampling returning anomalous gold of up to 6.2g/t in quartz veining at surface and a significant silver trend being outlined over a strike length of approximately 70 metres, returning results of 215 g/t, 92 g/t and 22 g/t silver

Mine For

gold, copper, silver

Location of operation(s)

Mongolia

Address

Level 1, 33 Richardson St
WEST PERTH, WA, Australia

Phone

(61 8) 9200 6264

Email

Website

http://www.voyagerresources.net

Last Updated

20/01/2011