Riverstone Resources has announced the results from an additional 21 reverse circulation (RC) holes drilled at the Goulagou I zone, which is in the Karma gold project in West Africa.
The company has planned this drill program to infill the deposit at a spacing of 50 m and the mineralized zone will be extended along the strike. These new results have expanded the Goulagou I deposit to 150 m additionally to the western part. The deposit stays exposed along the strike at depth and in both directions. Riverstone has expanded the mineralization to a distance of over 2,100 m on this deposit. The thickness of the mineralized zone differs from 50 m at the eastern end for up to 300 m in the west.
The company has intersected 2.37 g/t gold over 6 m, 1.39 g/t gold over 10 m and 1.05 g/t gold over 12 m in the hole RC-234, 0.79 g/t gold over 18 m and 1.55 g/t gold over 10 m in the hole RC-237, 1.40 g/t gold over 8 m in hole RC-244, 1.10 g/t gold over 16 m in the hole RC-252, 2.38 g/t gold over 12 m and 1.33 g/t gold over 52 m in the hole RC-254.
Six adjacent permits are included in the Goulagou I deposit, which is a part of the Karma project. Riverstone has an option to purchase an indirect 90% of interest in the four permits and holds a 100% of interest in the remaining two permits. It has drilled further 40,000 m at the project and is anticipating that these drilling results will be added to the resource.