Riverstone Intersects 2,39 g / t gold over 24 Meters at Kao

Riverstone Intersects 2,39 g / t gold over 24 Meters at Kao

Symbole: TSXV – RVS; Frankfurt – 3RV; OTCQX - RVREFRiverstone Resources Inc. (TSX-V: RVS) ("Riverstone" or the "Company") is pleased, the results of 17 Diamond drilling on the 100 % proprietary Kao deposit ("Like"), the part of the company's flagship Karma Gold Project (das "Project Feed") in Burkina Faso (West Africa) is, announce. These drill holes are part of a drilling program in the northeastern extension of the main deposit area Kao, which will serve to further investigate the extent of the east dipping mineralization (See map on the website of Riverstone for drill hole locations: http://www.riverstoneresources.com/i/maps/120911-120713_Kao_PortPlan.JPG).

Among the most significant sections of this investigation boreholes:

• 2,39 g / t Au over 24 m in DD-12-130

• 2,22 g / t Au over 16 m including 3,28 g / t 8 m in DD-12-139

• 2,10 g / t Au over 12 m in DD-11-069

• 2,02 g / t Au over 12 m in DD-12-149

• 31,8 g / t Au over 2 and m 2,42 g / t 6 m in DD-12-131

• 1,84 g / t Au over 14 m in DD-12-72

Mineralization at Kao covers over 1.400 Meters from northeast to southwest, and at least 900 Meters to the east along the dipping. This recent drilling confirmed the continuity of the ore hochhaltigeren along strike to the northwest and at depth. The deposit remains to the north, Open to the south and along the east dipping.

"The expansion drilling at Kao give further content, higher than the modeled average grade of the deposit ", said Dwayne L. Melrose, President und CEO von Riverstone. "This is expected to have a positive impact on the upcoming resource estimate, which is on track, End of September 2012 to be completed. The updated resource model has the potential, to extend the life of the mine or to increase the annual production of gold. These parameters were determined in the recently published results of the Preliminary Economic Assessment. "

A more complete summary of the significant results from these holes is shown in the following table:


To 100 % proprietary Kao deposit is part of the Company's Karma Project, the one indicated in-pit resource of Whittle 1,6 Million ounces of gold in 47,3 Million tons grading 1,1 g / t gold and an inferred resource of 0,6 Million ounces of gold in 18,9 Million tons grading 0,93 g / t gold including (see press release dated 9. January 2012 and "technical report" as defined in NI 43-101 mit dem Titel „Technical Report and Resource Estimate on the Karma Project, Burkina Faso, West Africa“, on the 23. February 2012 on SEDAR (www.sedar.com) was filed). The company has over the Karma project since the deadline for the data for the resource estimate further drilling with a total length of 85.000 Meters drilled. It is expected, that the results of this drilling will expand the total resource of the deposits at Karma Project. Recently the results of a Preliminary Economic Assessment (Preliminary Economic Assessment; see press release dated 20. August 2012), the highlight, that the Karma project from an economic perspective is robust.

Riverstone maintains a rigorous quality control program, of repeat assays, the addition of blank samples and the use of certified standards accredited Canadian laboratory includes. All samples were in independent laboratory Abilab Burkina SARL (Part of the ALS Chemex group) in Ouagadougou (Burkina Faso) prepared and analyzed by industry standard fire assay with atomic absorption finish. Samples with a content of more than 1 Grams per tonne gold were with gravimetric finish in Burkina Faso or institution created by ALS Chemex in North Vancouver (British Columbia, Canada) reanalyzed.

Riverstone is engaged primarily in Burkina Faso (West Africa), where the company covers an area of ​​more than 2.000 Square kilometers, has four high quality exploration projects. For more information about the company and its activities, please visit the company's website at www.riverstoneresources.com or. the Company's profile at www.sedar.com.

FOR THE BOARD
„Dwayne L. Melrose“
_______________________________________
Dwayne L. Melrose, President & COO

For more information, contact:

Vancouver office:
Dwayne L. Melrose, President +1-604-801-5020
E-Mail: info@riverstoneresources.com

Don Mosher, Corporate Development +1-604-685-6465
Raju Wani, Investor Relations +1-403-240-0555
Ron Cooper, Investor Relations +1-604-986-0112

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

Giles R. Peatfield, Ph. D., P.Eng. is a Qualified Person for RVS and has reviewed the contents of this press release and approved.

Forward-Looking Information

Certain statements and information included in this press release are "forward looking information" within the meaning of applicable Canadian securities laws is. Forward-looking statements are based on certain assumptions and involve a number of risks and uncertainties, which could cause, that the actual events or results to differ materially from those, The forward-looking statements to have been expressed. These include, without limitation, with respect to the statements regarding the expected date and the completion of the updated resource estimate and the assumptions, requested in the press releases of the company 9. January 2012 and from 20. August 2012 were presented, and risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, Geology, Grade and continuity of mineral deposits, possibility, that future exploration- and development results will not meet the company's expectations, Accidents, Failures of equipment and machinery, Problems with property rights and the above-ground access, Labor disputes, possible delays in the exploration and application procedures, the potential for unexpected costs and expenses, Fluctuations in commodity prices, Currency fluctuations, political risks, and other risks and uncertainties, including those, in each management discussion and analysis and in the Company's Annual Report, which are available at www.sedar.com under the Company's profile, are reported as risk factors. Forward-looking information is based on various assumptions. These include, among others, the expectations and beliefs of management, the assumed long term price of gold, the receipt of necessary permits and access to surface rights, of the receipt of the necessary funds, necessary equipment and machinery, recruiting a sufficient number of workers and the continued support of the political leadership of Burkina Faso for the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove to be incorrect, then actual results may differ materially from those, The forward-looking statements are described in the. Readers are cautioned that reason it, that forward-looking statements are not reliable. The reader is cautioned, that forward-looking statements are not reliable.

In this release, the instrument loudly with Canadian National 43.101 defined terms "measured", To include "display" and "inferred". U.S. investors are cautioned, that although these terms are recognized by the Canadian regulatory authorities and demanded, bei der Securities and Exchange Commission (SEC) are not recognized. You can therefore not necessarily with similar data, for the U.S. mining- and exploration operations apply, be compared. There are therefore certain information in this press release, relating to the description of mineralization and resources under Canadian standard, not necessarily comparable with those data, to their submission to the SEC U.S. firms are required under the mandatory reporting. U.S. investors should not assume, that all mineral deposits in these categories, or any part of, ever in proven and probable reserves (laut Industry Guide Nr. 7 the SEC) be converted.

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=26121

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply