Riverstone Intersects 3.48 g/t Au over 12 m at Kao
Riverstone Resources Inc. (TSX-V; RVS) ("Riverstone" or the "Company") is pleased to report results from 38 drill holes (28 diamond core ("DD") and 10 reverse circulation ("RC")) on the 100% owned Kao Deposit ("Kao"), 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 the Kao Deposit along strike to the north and down dip. (See Map on the Riverstone Website for the location of the holes).
Significant assay intervals in these drill holes include:
• 3.48 g/t Au over 12 m in DD-12-114
• 2.79 g/t Au over 8 m in DD-12-107
• 2.16 g/t Au over 12 m in DD-12-119
• 2.94 g/t Au over 12 m in DD-12-121
• 2.50 g/t Au over 8 m in DD-12-122
• 2.52 g/t Au over 10 m in DD-12-144
• 2.90 g/t Au over 12 m in DD-12-145
• 11.46 g/t Au over 4 m and 2.54 g/t Au over 6 m in 11-RC-254
• 2.56 g/t Au over 8 m and 1.45 g/t Au over 8 m in 11-RC-255
• 2.54 g/t Au over 6 m and 1.38 g/t Au over 16 m in 11-RC-256
• 1.76 g/t Au over 14 m in DD-12-109
• 1.57 g/t Au over 24 m in DD-12-151
Mineralization at Kao now extends over 1,400 metres northeast-southwest and at least 900 metres down-dip to the east. These latest drill holes demonstrate the presence of zones of above average grade in near surface oxide material, as well as numerous down dip intersections of above average grade material. This drilling has extended the known zone by at least 100 metres down dip on some sections. A large number of drill holes have been completed at Kao; assays are pending for this drilling and should be available for release in August 2012.
"We are very encouraged by these above average grade assays from drilling at Kao" commented Dwayne L. Melrose, President and CEO of Riverstone. "We still have not found the limits of the Kao Deposit. We continue to expand Kao along strike and down dip, and the results will be included in the upcoming resource estimate scheduled for release in September 2012. The Preliminary Economic Assessment currently being conducted for the Karma Project is progressing on schedule and is expected to be released in August 2012." – Riverstone Resources press continues at the link below.
Disclosure: Riverstone Resources is a Vulture Bargain Candidate of Interest (VBCI) and is our fully fledged Vulture Bargain #3. Members of the GGR team are actively accumulating shares of RVS.V or RVREF and continue to hold a speculative long position in the company.