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Riverstone Resources Intercepts Gold Mineralization at Goulagou I Zone

Riverstone Resources has announced additional drilling results from the Goulagou I zone of the Karma Project in Burkina Faso, West Africa.

The company drills ten holes as part of the current reverse circulation (RC) drilling campaign at the Goulagou I zone. It has planned the drill program for fill-in and extension of the existing mineralization at Goulagou I. This mineralization stays open in all the directions, mainly to the western direction and at the depth. The assay results from more than 40 holes drilled recently at this Goulagou I zone are being expected.

The company has encountered 1.09 g/t gold over 26.0 m in the hole 206, 1.32 g/t gold over 6 m and 0.83 g/t gold over 40.0 m in the hole 210 and 1.44 g/t gold over 32 m, 0.98 g/t gold over 64.0 m in the hole 211. It has obtained drilling results from holes 205 to 214. The holes 208 and 209 have not produced material values.

The company includes this Goulagou I zone as part of the Karma deposit hosting a NI 43-101 compliant resource. The report includes indicated category of 810,000 oz gold in 22,845,000 t grading 1.10 g/t gold and inferred category of 1,119,100 oz gold in 44,100,000 t grading 0.79 g/t gold. This Goulagou property is under an Option to Purchase agreement between Riverstone and Golden Star Resources.

All the RC samples were tested by Abilab Burkina SARL laboratories using standard fire assay and atomic absorption methods.

Source: http://www.riverstoneresources.com/

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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