Riverstone Significantly Increases Drill Program on Nami Gold Discovery Zone
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Mar 04, 2010 12:27PM
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Riverstone Significantly Increases Drill Program on Nami Gold Discovery Zone |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce that it is expanding the drill program on its promising new Nami gold discovery at its Karma Gold Project in Burkina Faso, West Africa. The program is being increased from 3,000 metres to 9,000 metres, based on encouraging results received to date from the recent comprehensive sampling program. A second rig will be added to the program which is expected to commence by mid-March. "We are obviously pleased with the results we have received to date," commented M.D. McInnis, President and CEO of Riverstone. "The footprint of the mineralized zone is large and we feel that an expanded drilling program is certainly warranted." The initial sampling program of the Nami site was carried out in December 2009, and the following sampling program was initiated in late January. The follow-up sampling was designed as a more comprehensive program over the area of the artisanal workings. Samples were collected from 212 additional artisanal shafts and from 199 "waste" dumps from the shafts. The dump material consists of material from the shafts after the selective removal of obviously mineralized rock. Dump samples are composites from two or more dumps, collected on a regular 25 metre grid. Sample results from the recent program continue to be received with complete results expected by mid-March and released shortly thereafter. The Nami artisanal site is located within the Company's Rambo permit, about 4 kilometres north of the Rambo deposit, one of four gold deposits that comprise the Company's Karma project. Artisanal activity commenced on the site in April, 2009 and activity has increased substantially since then. Artisanal workers excavate small, vertical shafts and collect material which they process through a crude sluice box system. Several hundred of these shafts have been excavated to date. The footprint of the artisanal workings is currently approximately 800 metres in length and 150 metres to 350 metres in width. Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of six high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to the company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com. ON BEHALF OF THE BOARD
"Michael D. McInnis"
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Michael D. McInnis, P. Eng., President & CEO