Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report further results from the reverse circulation drilling program at the Goulagou I gold deposit in Burkina Faso, West Africa
(to see map please click on Riverstone Resources Inc.) The highlight of the drilling results is Hole 105 which intersected 15.17 g/t gold over 6.0 metres.
Hole 105 is located approximately 200 metres south of the main Goulagou I gold zone and was drilled to test a RAB drill gold anomaly. The intersection is open to the east and north and additional drilling of this promising discovery will be undertaken in our Q4 drilling program.
"We are very pleased with the results of our Q3 drilling program at Goulagou I," commented M.D. McInnis, President and CEO of Riverstone. "We have discovered a new high-grade gold zone that is open for expansion and we have added substantially to the size of the main Goulagou I gold zone. The Goulagou main zone has now been expanded to a minimum strike length of 1.5 kilometres and a width of 200 metres. The main zone is still open to the west and we are confident that the resource in Goulagou I has increased substantially since the last resource estimate was done in May 2009."
Significant mineralized intercepts are reported in the following table. For results of previously released holes, please refer to News Releases dated May 25, June 29, July 7, July 20, and September 1, 2010.
The Goulagou I deposit is one of four deposits that comprise the company's Karma project. The Karma project includes the Goulagou I and II, the Rambo and the Kao deposits. Collectively, the project has a NI 43-101 resource of 820,000 ounces of indicated and 322,300 ounces of inferred resource. The Goulagou permit is subject to an option to purchase agreement with Golden Star Resources.
Riverstone maintains a quality control program involving the use of repeat assays, inserted blanks and the use of certified standards from an accredited Canadian laboratory. All rock samples were assayed using standard fire assay with atomic absorption techniques, with samples grading over two grams gold per tonne re-assayed with a gravimetric finish, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso, which is part of the ALS Chemex group.
Source: Riverstone Resources Inc.