Rio Novo Gold Inc. RIVVF

RE:Crown Jewels cost less

[elgin1]

What I am saying that the Almas project includes Vira Sia and Pailol pit,  it is estimated that the Paiol pit has much larger concentration of gold at a deeper level that they still have to drill. This is not included in the estimate for reserves for Almas. Matupa has not been explored recently - has alot of past geological work and 43-101  done by previous mining comapnies.  Matupa project has 14 km fault that has deposits that run through it.  There could be several million ounces in matupa (ie at least 2 million) in my opinion - this has to be confirmed with a PEA and DFS.

 Brian Arkell was chief geologist on this before they let him go to conserve cashflow. He validated Almas reserves and Tolfarida - bulk mining high grade.  I had talked to him back over one year ago.


All I am saying is that Matupa has huge potential - much larger than Almas. Tolfarida has many geological surveys done to focus on areas to begin high grade mining.  All of this info can be found on RN website.

Right now they have little cash but good properties .....and we await any news.