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News
25.09.2009
Riverstone Commences Drilling on Karma Gold Project
Riverstone Commences Drilling on Karma Gold Project
Riverstone Resources Inc. (TSXV:RVS) is pleased to announce that it has commenced a drill program on its Karma project in Burkina Faso, West Africa. The program will comprise approximately 6,000 metres of drilling, divided roughly equally between reverse circulation (“RC”) and rotary air blast (“RAB”) drilling. The Karma project has four separate gold deposits supporting a NI 43-101 resource estimate of 820,500 ounces of gold in the indicated category and 320,300 ounces in the inferred category (see news releases dated May 11, 2009 and July 6, 2009). The objectives of the up-coming program are to test for extensions beyond the known mineralized zones and to collect samples for metallurgical testwork purposes. It is expected that the program will take approximately seven weeks to complete.
Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of 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”
______________________________________
Michael D. McInnis, P. Eng., President & CEO
For further information contact:
Vancouver Office:
Michael D. McInnis, President 604-801-5020 Raju Wani, Investor Relations 403-240-0555
Email: info@riverstoneresources.com Ron Cooper, Investor Relations 604-986-0112
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements made and information contained in this news release and elsewhere constitutes “forward-looking information” within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Company’s expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
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Riverstone Resources Inc. (TSXV:RVS) is pleased to announce that it has commenced a drill program on its Karma project in Burkina Faso, West Africa. The program will comprise approximately 6,000 metres of drilling, divided roughly equally between reverse circulation (“RC”) and rotary air blast (“RAB”) drilling. The Karma project has four separate gold deposits supporting a NI 43-101 resource estimate of 820,500 ounces of gold in the indicated category and 320,300 ounces in the inferred category (see news releases dated May 11, 2009 and July 6, 2009). The objectives of the up-coming program are to test for extensions beyond the known mineralized zones and to collect samples for metallurgical testwork purposes. It is expected that the program will take approximately seven weeks to complete.
Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of 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”
______________________________________
Michael D. McInnis, P. Eng., President & CEO
For further information contact:
Vancouver Office:
Michael D. McInnis, President 604-801-5020 Raju Wani, Investor Relations 403-240-0555
Email: info@riverstoneresources.com Ron Cooper, Investor Relations 604-986-0112
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements made and information contained in this news release and elsewhere constitutes “forward-looking information” within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Company’s expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA7689061090
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.