Riverstone Reports Expansion of Nami Footprint
Riverstone Resources Inc. (TSXV: RVS) is pleased to
report that the recently completed RAB (Rotary Air Blast) drilling program at the Company’s Nami
artisanal gold project in Burkina Faso, West Africa has significantly expanded the Nami target for an
additional 700 metres beyond the original footprint. The program identified both northeast and northwest
trending structures containing anomalous gold values and alteration consistent with the main Nami site
further to the south.
The RAB drilling program was initiated after the artisanal miners active on
the Company’s Nami discovery expanded the footprint of their workings to the north. The miners expanded
their activity during the month of May along the northern and northwestern edge of the Nami site, where
a 450 metre by 150 metre area is now the site of very intense shaft digging. The general trend of these
shafts appears to be west-northwest, whereas the mineralization on the main Nami site is northwest
trending, with northeast and east-west cross structures.
The RAB drilling program comprised 7,172
metres in 142 shallow vertical holes drilled over an area of approximately 700 metres by 850 metres,
immediately north of the newly active shafts. The drilling was conducted on east-west lines spaced 100
metres apart, with holes at 50 metre centres along the lines.
The eastern and western extremities of
each line of RAB drill holes intercepted volcano-sediments and intrusive rocks similar to those that
host the Nami mineralization defining a northwest striking body open to the north. Within the intrusive
are several discrete, northwest and northeast trending shear zones defined by anomalous gold values in
rocks with silica, sericite, carbonate and potassic alteration. The suite of alteration minerals is
similar to that seen within the main Nami site directly to the south. The northwest structures may be
the continuation of the main Nami mineralized trend, whereas the northeast trends may represent cross
structures.
The Company continues to drill at the Nami site with one diamond drill. The program is
expected to end within the next ten days due to the onset of the rainy season, but a back log of assay
samples in the lab will ensure a steady news flow over the next two months.
Riverstone Resources Inc.
is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive
portfolio of six 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.
Paul G.
Anderson, P. Geo. is a Qualified Person for RVS and has reviewed and approved the contents 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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