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Riverstone Resources Reports Additional Drilling Results from Karma Project

By Joel ScanlonJul 13 2011

Riverstone Resources has announced additional drilling results from its Karma Project in Burkina Faso, West Africa.

These 10 holes are part of a current reverse circulation (RC) drilling program at the Goulagou I zone. The program has been planned to both fill-in and extend present mineralization at Goulagou I, which stays open in all directions, mainly to the west and at depth.

The company has intersected 1.65 g/t gold over 12.0 m in hole 200, 1.05 g/t gold over 36.0 m in hole 201 and 1.14 g/t gold over 36.0 m in hole 202.

The CEO and President of the company, has stated that the expansion of the size of the deposit is continuing and new mineralization is being identified as drilling advances.

This Goulagou I zone is hosted by Riverstone’s Karma deposit, which has a NI 43-101 compliant gold resource including indicated category of 810,000 oz gold in 22,845,000 t that grades 1.10 g/t gold and inferred category of 1,119,100 oz in 44,100,000 t that grades 0.79 g/t gold. This Goulagou property is under an Option to Purchase contract with Golden Star Resources.

Abilab Burkina SARL laboratories in Burkina Faso assays all the RC samples by means of standard fire assay and atomic absorption methods and grade samples over 1 g/t gold are assayed with a gravimetric finish.

Source:

http://www.riverstoneresources.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, February 18). Riverstone Resources Reports Additional Drilling Results from Karma Project. AZoMining. Retrieved on November 26, 2024 from https://www.azomining.com/News.aspx?newsID=4469.
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Scanlon, Joel. "Riverstone Resources Reports Additional Drilling Results from Karma Project". AZoMining. 26 November 2024. <https://www.azomining.com/News.aspx?newsID=4469>.
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