Riverstone Resources Inc.

Riverstone Resources Inc.

June 07, 2007 09:00 ET

Riverstone Discovers New Gold Zones on Bouboulou

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) is pleased to report results from a surface mapping and sampling program that was recently completed on the Bouboulou Exploration Permit in Burkina Faso, West Africa. The rock samples were collected within a very large gold anomaly defined by a Rotary Air Blast ("RAB") drilling program conducted in the late 1990's by a previous operator. The rock sampling results confirm and better define this gold anomaly, which covers an area 13 kilometres long by 2 to 6 kilometres in width, and lies entirely within the permit.

The gold zone defined by the historic RAB drilling straddles the projected southwesterly extension of the Sabce shear zone. The Sabce shear zone controls the location of numerous artisanal gold mining sites spread over at least 130 kilometres, as well as the Bissa gold deposit, currently being developed by High River Gold. Riverstone controls seven properties, including the Bouboulou permit, which covers the northeast and southwestern limits of the Sabce shear. The RAB drilling program comprised 664 holes totaling 25,400 metres with an average depth of 38 metres. The holes were drilled on a 500 metre by 500 metre grid with some in-fill drilling on a 250 metre grid.

The recent surface samples were collected from quartz veins and mineralized wallrock, and some of the better results are listed below:

---------------------------------- ----------------------------------
TYPE OF SAMPLE (g/t gold) TYPE OF SAMPLE (g/t gold)
---------------------------------- ----------------------------------
Qtz vein 2.97 Qtz vein 8.24
Qtz vein 3.03 Sediment 2.46
Sediment 2.01 Sediment 3.88
Qtz vein 6.76 Qtz vein 4.83
Sediment 1.79 Qtz vein 1.52
Qtz vein 2.44 Qtz vein 1.63
Qtz vein 1.09 Qtz vein 6.67
Qtz vein 1.12 Qtz vein 1.71
Qtz vein 8.46 Qtz vein 7.47
Qtz vein 19.16 Trench Sample 0.56 g/t over 16m
Sediment 1.24 including 2.38 g/t over 2m
Qtz vein 1.46 Trench Sample 0.49 g/t over 6m
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Work to date on this permit by the Company indicates that intersecting shear structures may provide favourable sites for gold mineralization. In addition, several distinct zones of more intense quartz veining have been shown to be gold bearing, as evidenced in the table above. This may indicate that higher-grade gold zones exist within the large gold anomaly outlined by the RAB drilling. Work is continuing on this permit, with the objective of establishing drill targets to be tested later in the year.

The Company maintains a rigorous quality control program involving the use of repeat assays, check assays at independent labs, and the use of verifiable blanks and standards from an accredited Canadian lab. All samples were assayed using standard fire assay with atomic absorption techniques, with samples grading in excess of 2.00 g/t gold re-assayed with a gravimetric finish, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso, which is part of the ALS Chemex group.

For further information about the Company and its activities in Burkina Faso, please refer to the Company's website at www.riverstoneresources.com and on www.sedar.com.


Michael D. McInnis, P.Eng., CEO & President

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Riverstone Resources Inc.
    Michael D. McInnis
    (604) 801-5020
    (604) 801-6075 (FAX)
    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    (403) 240-0555
    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    (604) 986-0112
    Email: info@riverstoneresources.com
    Website: www.riverstoneresources.com