GREAT NEWS! We'll be blowing past $1!Riverstone Intersects High-Grade Gold at Goulagou II
Last Update: 9/15/2010 9:30:50 AM
VANCOUVER, BRITISH COLUMBIA, Sep 15, 2010 (MARKETWIRE via COMTEX) --Riverstone Resources Inc.(RVS)(FRANKFURT: 3RV) ispleased to report the results from the recent diamond drillingprogram carried out on the Goulagou II gold deposit in Burkina Faso,West Africa (See Map on Website:https://www.riverstoneresources.com/i/maps/100914_GGII-DD-Plan.jpg).The purpose of six of the holes was to drill between previouslydrilled fences to test for continuity of the mineralization alongstrike. An additional four holes were drilled outside of themineralized zone to collect geotechnical information for engineeringpurposes.
The gold mineralization at Goulagou II has a strike length of twokilometres and has been drilled extensively on 50 metre drill fences.The results from this drilling program demonstrate that thecontinuity of the mineralization is very good and that part of themineralized system has some excellent higher grades.
The highlights of the gold intercepts from the drilling are listedbelow:
--19.0 metres grading 5.321 g/t Au; including 13.0 metres grading 6.974g/t Au in Hole 003--15.0 metres grading 2.418 g/t Au; including 6.0 metres grading 4.485 g/tAu in Hole 008--6.0 metres grading 3.396 g/t Au in Hole 009
Significant mineralized intercepts are reported in the tablebelow:
----------------------------------------------------------Hole numberInterval (m)Intercept Gold GradeFromTo(metres)(g/t Au)----------------------------------------------------------GLG-DD-10-0011861915.02.463GLG-DD-10-00367714.01.525and9311219.05.321including9711013.06.974and1311365.01.283and1401477.01.190GLG-DD-10-006175134.00.754and547016.01.229including63685.02.018GLG-DD-10-008647915.02.418including65716.04.485and84928.01.463GLG-DD-10-009657712.00.995including65705.01.823and1001066.03.396GLG-DD-10-01033363.02.003and87892.02.400and1001088.01.266
Note: Holes GLG-DD-10-002, 004, 005 and 007 were drilled forgeotechnical purposes outside of the mineralized zone and were notassayed.
The Goulagou deposits are part of the Company's Karma project which,in addition to the Goulagou deposits, comprises the Rambo and Kaodeposits, and the promising new Nami site. The Goulagou property issubject to an Option to Purchase agreement with Golden Star ResourcesLtd. Since March 2010, the Company has completed over 15,000 metresof RC drilling, over 2,000 metres of diamond drilling, and over 7,000metres of RAB drilling at Karma. Additional drill sample results areexpected to be released over the next few weeks.
Riverstone maintains a quality control program involving the use ofrepeat assays, inserted blanks and the use of certified standardsfrom an accredited Canadian laboratory. All rock samples were assayedusing standard fire assay with atomic absorption techniques, withsamples grading over two grams gold per tonne re-assayed with agravimetric finish, at the independent Abilab Burkina SARLlaboratories in Ouagadougou, Burkina Faso, which is part of the ALSChemex group.
Riverstone Resources Inc. is active in gold exploration in BurkinaFaso, West Africa, where the company holds an extensive portfolio ofsix high quality exploration permits covering 2,300 squarekilometres. For further information about the company and itsactivities, please refer to the company's website atwww.riverstoneresources.comand under the Company's profile atwww.sedar.com.
ON BEHALF OF THE BOARD
Michael D. McInnis, P. Eng., President & CEO
Dr. Giles R. Peatfield, P.Eng., is a Qualified Person for RVS and hasreviewed and approved the contents of this release.
Certain statements made and information contained in this newsrelease and elsewhere constitutes "forward-looking information"within the meaning of the Ontario Securities Act. Forward-lookingstatements are subject to a variety of risks and uncertainties whichcould cause actual events or results to differ from those reflectedin the forward-looking statements, including, without limitation,risks and uncertainties relating to the interpretation of drillresults and the estimation of mineral resources, the geology, gradeand continuity of mineral deposits, the possibility that futureexploration, development results will not be consistent with theCompany's expectations, accidents, equipment breakdowns, titlematters and surface access, labour disputes, the potential for delaysin exploration activities, the potential for unexpected costs andexpenses, commodity price fluctuations, currency fluctuations,failure to obtain adequate financing on a timely basis and otherrisks and uncertainties, including those described under Risk Factorsin each management discussion and analysis. In addition,forward-looking information is based on various assumptionsincluding, without limitation, the expectations and beliefs ofmanagement, the assumed long term price of gold, that the Companywill receive required permits and access to surface rights, that theCompany can access financing, appropriate equipment and sufficientlabour and that the political environment within Burkina Faso willcontinue to support the development of environmentally safe miningprojects. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actualresults may vary materially from those described in forward-lookingstatements. Accordingly, readers are advised not to place unduereliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Contacts:Riverstone Resources Inc. - Vancouver OfficeMichael D. McInnisPresident604-801-5020Riverstone Resources Inc.Raju WaniInvestor Relations403-240-0555Riverstone Resources Inc.Ron CooperInvestor Relations604-986-0112info@riverstoneresources.comwww.riverstoneresources.com
SOURCE: Riverstone Resources Inc.
mailto:info@riverstoneresources.comhttps://www.riverstoneresources.com
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