Riverstone Intersects 4.00 g/t Gold Over 46 Metres GGII
28 Agosto 2012 - 6:30AM
Marketwired Canada
Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV)
("Riverstone" or the "Company") is pleased to report results from sixteen
diamond core drill holes on the 90% owned Goulagou II Deposit (the "GGII"),
which forms part of the Company's flagship Karma Gold Project in Burkina Faso,
West Africa (the "Karma Project"). These holes are part of a program of drilling
designed to extend previously intersected high-grade "shoots" of mineralization
along strike and to depth. (See Map on the Riverstone Website for the location
of the holes:
http://www.riverstoneresources.com/i/maps/120827-100504_GGII_Plan.jpg).
Significant assay intervals in these core holes include:
-- 4.00 g/t Au over 46 m including 7.96 g/t over 12 m and 3.37 g/t Au over
40 m including 4.19 g/t over 22 m in DD-12-091
-- 4.04 g/t Au over 26 m in DD-12-082
-- 3.24 g/t Au over 18 m and 5.83 g/t over 14 m in DD-12-092
-- 3.60 g/t Au over 16 m in DD-12-083
-- 2.65 g/t Au over 24 m including 3.67 g/t over 14 m in DD-12-063
-- 2.24 g/t Au over 12 m in DD-12-079
Mineralization at GGII extends over 2,500 metres east-west and to as much as 250
metres in depth in localized areas of deeper drilling. These intercepts reported
in this release have extended high grade mineralization 30 to 50 metres down dip
from previous drill holes and in other instances have confirmed the higher-grade
mineralized shoots. The high grade mineralized shoots remain open to depth and
locally along strike, and they occur all along the entire strike length of the
GGII.
"Drilling at GGII continues to return high grade gold intersections and is
consistently extending the overall higher grade zones down dip and along
strike," commented Dwayne L. Melrose, President and CEO of Riverstone. "The
recently released PEA results demonstrate the potential of a robust project
which could be enhanced by the current drill results. The Company is on track
for completing an updated resource estimate in September 2012. Riverstone has
completed an additional 85,000 metres of drilling since the cut-off date of the
last resource estimation."
A more complete summary of significant results in these drill holes is presented
in the following table:
---------------------------------------------------
Interval
Hole number (metres) Intercept Average
---------------------------------------------------
Grade
From To (metres) (g/t Au)
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-063 204 228 24 2.65
---------------------------------------------------
including 206 220 14 3.67
---------------------------------------------------
and 238 250 12 2.82
---------------------------------------------------
and 268 280 12 2.21
---------------------------------------------------
and 290 294 4 2.10
---------------------------------------------------
and 312 318 6 1.27
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-079 98 104 6 2.72
---------------------------------------------------
and 126 138 12 2.24
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-082 62 80 18 1.09
---------------------------------------------------
and 128 134 6 1.15
---------------------------------------------------
and 158 160 2 1.26
---------------------------------------------------
and 188 214 26 4.04
---------------------------------------------------
and 222 226 4 1.07
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-083 200 216 16 3.60
---------------------------------------------------
and 232 236 4 2.19
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-088 150 160 10 1.08
---------------------------------------------------
and 176 184 8 1.45
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-090 164 166 2 1.88
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-091 126 166 40 3.37
---------------------------------------------------
including 126 148 22 4.19
---------------------------------------------------
and including 152 166 14 3.01
---------------------------------------------------
and 222 268 46 4.00
---------------------------------------------------
including 240 252 12 7.96
---------------------------------------------------
and 276 278 2 1.62
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-092 122 140 18 3.24
---------------------------------------------------
and 156 160 4 1.08
---------------------------------------------------
and 172 186 14 1.13
---------------------------------------------------
and 236 250 14 5.83
---------------------------------------------------
including 238 248 10 6.98
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-095 68 84 16 1.04
---------------------------------------------------
and 160 162 2 1.67
---------------------------------------------------
and 174 186 12 1.10
---------------------------------------------------
and 186 200 14 1.58
---------------------------------------------------
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-096 194 200 6 1.83
---------------------------------------------------
and 316 322 6 2.00
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-097 254 260 6 1.12
---------------------------------------------------
and 270 282 12 1.00
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-099 198 204 6 1.19
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-101 84 90 6 1.14
---------------------------------------------------
and 224 230 6 1.67
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-102 268 274 6 1.22
---------------------------------------------------
and 282 286 4 1.30
---------------------------------------------------
---------------------------------------------------
GLG-DD-12-103 214 224 10 1.82
---------------------------------------------------
Notes: Interpreted true thicknesses for these intercepts are between 60 and
70 percent or the reported intersection.
Hole GLG-DD-12-093 was abandoned at 41 metres in bad ground and did
not intersect the planned target.
The 90% owned GGII is part of the Company's Karma Project which comprises a NI
43-101 compliant in-pit Whittle indicated resource of 1.6 million ounces of gold
in 47.3 million tonnes grading 1.1 g/t gold and an inferred resource of 0.6
million ounces of gold in 18.9 million tonnes grading 0.93 g/t gold (see news
release dated January 9, 2012 and NI 43-101 Technical Report titled "Technical
Report and Resource Estimate on the Karma Project, Burkina Faso, West Africa"
filed on SEDAR (www.sedar.com) February 23, 2012.) Since the data cut-off for
the previous January 2012 resource estimation, the Company has completed an
additional +85,000 metres of drilling on the Karma Project. It is expected that
the results of this drilling will add to the overall resources of the Karma
Project deposits.
Riverstone maintains a quality control program involving the use of repeat
assays, inserted blanks and the use of certified standards from an accredited
Canadian laboratory. All samples were prepared at the independent Abilab Burkina
SARL laboratory in Ouagadougou, Burkina Faso, West Africa (part of the ALS
Chemex Group), and assayed using standard fire assay with an atomic absorption
finish, with samples grading over one gram per tonne gold re-assayed with a
gravimetric finish, either in Burkina Faso or at the ALS Chemex facility in
North Vancouver, British Columbia, Canada.
Riverstone is active in Burkina Faso, West Africa, where it holds a portfolio of
four high quality exploration projects covering in excess of 2,000 square
kilometres. Additional information about the Company and its activities may be
found on the Company's website at www.riverstoneresources.com and under the
Company's profile at www.sedar.com.
ON BEHALF OF THE BOARD
Dwayne L. Melrose, President & CEO
Giles R. Peatfield, Ph. D., P.Eng. is the Qualified Person for RVS and has
reviewed and approved the contents of this release.
Certain statements made and information contained in this news release and
elsewhere constitutes "forward-looking information" within the meaning of
Canadian securities legislation. Forward-looking statements are based on certain
assumptions and are subject to risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking
statements, including, without limitation, with respect to statements regarding
the anticipated timing and completion of an updated resources estimate, the
assumptions set forth in this news release and in the Company's news releases of
January 9, 2012 and August 20, 2012, and risks and uncertainties relating to the
interpretation of drill results and the estimation of mineral resources, the
geology, grade and continuity of mineral deposits, the possibility that future
exploration, development results will not be consistent with the Company's
expectations, accidents, equipment breakdowns, risk of undiscovered, title
defects and surface access, labour disputes, the potential for delays in
exploration and permitting activities, the potential for unexpected costs and
expenses, commodity price fluctuations, currency fluctuations, political risk
and other risks and uncertainties, including those described under Risk Factors
in each management discussion and analysis and in the Company's annual
information form which are available under the Company's profile at
www.sedar.com. Forward-looking information is based on various assumptions
including, without limitation, the expectations and beliefs of management, the
assumed long term price of gold, that the Company will receive required permits
and access to surface rights, that the Company can access financing, appropriate
equipment and sufficient labour and that the political environment within
Burkina Faso will continue to support the development of environmentally safe
mining projects. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking
statements.
This news release may use the terms "measured", "indicated" and "inferred" as
these terms are defined under Canada's National Instrument 43.101. U.S.
Investors are advised that, while such terms are recognized and required by
Canadian regulations, they are not recognized by the United States Securities
and Exchange Commission ("SEC") and may not be comparable to similar information
for United States mining or exploration companies. As such, certain information
contained on this news release concerning descriptions of mineralization and
resources under Canadian standards is not comparable to similar information made
public by United States companies subject to the reporting and disclosure
requirements of the SEC. U.S. investors are cautioned not to assume that any
part or all of the mineral deposits described in these categories will ever be
converted into proven or probable reserves, as defined in the SEC's Industry
Guide No. 7.
True Gold Mining, Inc. (TSXV:RVS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
True Gold Mining, Inc. (TSXV:RVS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
