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Riverstone Resources Updates on Potential Expansion of Kao Deposit

Riverstone Resources has announced that it has updated the possible extension of its Kao Deposit, which is part of the Karma project.

Kao deposit port plan

The project includes a NI 43-101 compliant in-pit Whittle inferred resource of 0.6 Moz of gold in 18.9 Mt grading gold of 0.93 g/t and an indicated resource of 1.6 Moz gold in 47.3 Mt grading gold of 1.1 g/t gold.

After the resource calculation, the company has completed further drilling of 54,616 m, totaling 293 holes at the Kao deposit. This program contains 21,623 m in 146 reverse circulation (RC) and 32,993 m in 147 diamond core (DD) holes.

Many different phases have been included in the post-resource drill program at the Kao deposit. Several deeper holes in the current resource region have been drilled to additionally expand the mineralization beneath the former drilling limits. A number of DD holes have expanded the deeper zones down-dip towards the eastern part.

An up-dated resource calculation will include these holes drilled at the Kao deposit and also the drill campaign completed at GGI and GGII. The company has scheduled to complete the estimate in September 2012.

Riverstone’s CEO and President, Dwayne L. Melrose stated that the company is encouraged by the latest drilling results and the prospective for the overall Kao deposit expansion.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


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