Riverstone Commences Follow-up Program at Nami Gold Discovery Zone
(firmenpresse) - Riverstone Commences Follow-up Program at Nami Gold Discovery Zone
January 28, 2010 Symbols: TSXV - RVS; Frankfurt - 3RV
Riverstone Resources Inc. (TSXV:RVS) is pleased to announce that it has commenced a follow-up program of sampling and mapping on its promising new Nami gold discovery at its Karma project in Burkina Faso, West Africa. The initial sampling program of the site was carried out in December, 2009, and collected 51 samples throughout the area of the artisanal workings. The average of all samples collected was 10.4 g/t gold. Fourteen of the samples contained more than 14 g/t gold with a maximum of 98 g/t gold. (See News Release January 18, 2010).
The follow-up sampling is designed as a more comprehensive program over the area of the artisanal workings. Approximately 100 additional artisanal shafts and about 200 “waste” dumps from the shafts will be sampled. The sampling program is estimated to take at least two weeks to complete. All of the sample results should be available by the end of February at which time the Company will initiate a 3,000 metre RC drill program to test the zone.
“We believe that the Nami zone is the largest artisanal site currently active in Burkina Faso” commented M.D. McInnis, President of Riverstone. “We are optimistic that the results from the sampling program will support our belief that the Nami discovery is a significant gold deposit.” The site lies less than 4 kilometres from one of the four deposits with NI 43-101 defined resources that currently make up the Karma project, and thus has the potential to add real value to the project.
Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to the company’s website at www.riverstoneresources.com and under the Company’s profile at www.sedar.com.
ON BEHALF OF THE BOARD
“Michael D. McInnis”
______________________________________
Michael D. McInnis, P. Eng., President & CEO
For further information contact:
Vancouver Office:
Michael D. McInnis, President 604-801-5020
Email: info(at)riverstoneresources.com
Raju Wani, Investor Relations 403-240-0555
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Paul G. Anderson, P. Geo. is a 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 the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, 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, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, 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.
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Datum: 29.01.2010 - 10:11 Uhr
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