Riverstone Resources has released the reverse circulation (RC) results from 16 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. These RC holes were specifically drilled to examine the main Kao deposit’s up-dip part found along the northwest boundary.
The company encountered 1.82 g/t gold over 6 m in hole RC-215; 1.66 g/t gold over 2 m and 2.27 g/t gold over 14 m in hole RC-257; 2.08 g/t gold over 8 m in hole RC-310; 2.29 g/t gold over 6 m in hole RC-334; and 2.06 g/t gold over 8 m in hole RC-338.
Kao mineralization expands more than 1,400 m towards northeast-southwest and down dip for at least 900 m towards east. These new drill holes validate that the Kao deposit is close to near surface towards the northwestern part of the open pit, which is presently modeled and expands the prominent mineralization to over 100 m towards northwest.
According to Riverstone Resources’ CEO and President, Dwayne L.Melrose, the Kao deposit is modeled formerly as a broad open pit, because of the shallow dip nature of the deposit. There is potential to extend the Kao open pit towards the northwestern part with the help of these RC drilling results and the overall resources may possibly be increased in the updated resource calculation, which is likely to be announced in this quarter.
Riverstone has a group of four high-quality drilling projects that enclose more than 2,000 km2 and is active in Burkina Faso. The company has announced the preliminary economic assessment results.