Riverstone Intersects 69.4 g/t Au over 10 Metres Within Kao Oxide Mineralization
Riverstone Resources Inc. (TSX-V; RVS) ("Riverstone" or the "Company") is pleased to report results from thirty-nine reverse circulation ("RC") drill holes on the 100% owned Kao ("Kao") Deposit, 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 within the main oxide mineralization of the Kao deposit, designed to enhance the quality of data for the up-coming resource estimate by increasing the density of drilling in this area. (See Map on the Riverstone Website for the location of the holes).
Significant assay intervals in these RC holes include:
• 69.4 g/t Au over 10 m in RC-343
• 62.5 g/t Au over 6 m and 1.28 g/t over 8 m in RC-326
• 35.6 g/t Au over 6 m and 1.63 g/t over 6 m in RC-342
• 2.22 g/t Au over 52 m including 3.07 g/t over 28 m in RC-349
• 2.25 g/t Au over 20 m and 1.76 g/t Au over 8 m in RC-381
• 2.56 g/t Au over 8 m and 1.20 g/t over 10 m in RC-365
• 2.27 g/t Au over 10 m in RC-363
• 1.49 g/t Au over 20 m in RC-354
• 1.86 g/t Au over 16 m in RC-358
Mineralization at Kao extends over 1,400 metres in a northeast-southwest direction and at least 900 metres down-dip to the east, and the deposit remains open in all directions. These latest drill holes confirm and enhance the oxide intersections received in previous drilling within the presently modelled pit shells. The oxide gold assays reported in this release are much higher grade than the average resource grade of this deposit.
"These latest results from Kao continue to confirm that high gold grades are present within the oxide zone" commented Dwayne L. Melrose, President and CEO of Riverstone. "These higher than average grade results are expected to favourably impact the new resource estimate, specifically the oxide resources, which will be released this quarter". ...
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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.