Riverstone Resources has received positive results from two diamond drill holes at its Karma Project in West Africa. It has cut 4.61 g/t gold over 36 m and 5.60 g/t gold over 38 m.
These two diamond drill holes, which have numerous thick and well mineralized intervals, are a part of the current program that is structured to examine the down plunge of the superior grade of shoots in the project’s Goulagou II zone. The company has finished two further drill holes and is waiting for the results.
M.D. McInnis, CEO and President of the company, has stated that the expanded geologic model in the latest resource estimate has discovered numerous high-grade shoots in the Goulagou II zone. The company is heartened by the stacked characteristics of the mineralized lenses. Currently, it has six drills under the deal and is planning to drill a minimum of 90,000 m at the Karma deposit.
The Goulagou II zone is a division of the Karma project of the company that hosts the NI 43-101 compliant gold resource estimate. The inferred and indicated categories show 1,119,100 ounces of gold and 810,000 ounces of gold, respectively. The Goulagou property is dependent on an Option for the Purchase agreement with Golden Star Resources.
Abilab Burkina SARL laboratories have assayed all core samples using the standard fire assay including atomic absorption methods.
Source: http://www.riverstoneresources.com/