Riverstone Resources has declared the results obtained from 21 diamond holes drilled at the company’s 100% owned Kao deposit. This deposit is a portion of the flagship Karma Gold project, located in Burkina Faso, West Africa.
Location of drill holes
These holes were drilled as part of the campaign carried out in the Kao deposit in order to validate the high-grade oxide core and lie immediately on the southern part of the Kao resource. They were designed in a specific way to improve the data quality for the future resource calculation by expanding the drilling density in this region.
The company encountered 13.45 g/t gold over 2 m in hole DD-12-132; 2.97 g/t gold over 14 m in hole DD-12-167; 3.21 g/t gold over 6 m and 6.14 g/t gold over 2 m in hole DD-12-168; 33.60 g/t gold over 2 m and 9.50 g/t gold over 12 m in hole DD-12-169; 1.2 g/t gold over 10 m and 1.73 g/t gold over 12 m in hole DD-12-178; 1.49 g/t gold over 6 m and 3.19 g/t gold over 4 m in hole DD-12-179; 2.71 g/t gold over 6 m in hole DD-12-181; and 2.54 g/t gold over 18 m and 2.02 g/t gold over 30 m in hole DD-12-182.
The Kao mineralization expands to more than 1,400 m towards the northeastern and southwestern parts and down-dip for at least 900 m towards east. These new holes validate and improve the intercepts of oxide obtained during the former drill program in these regions. Majority of the intercepts are shallow and oxide material.
According to Riverstone Resources’ CEO and President, Dwayne L. Melrose, the company strives to specifically improve the Kao deposit’s quality. The next resource update is expected to add the possible expansion of the oxide resources. The company will announce a recent resource update this month in order to improve the strong PEA of the Karma project.