Riverstone Resources Inc.
TSX VENTURE : RVS
FRANKFURT : 3RV

Riverstone Resources Inc.

September 08, 2010 10:54 ET

Riverstone Intersects 18.5 Metres of 4.10 g/t Gold at Rambo Main Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report results from eight additional diamond drill holes on the Rambo Main gold deposit, which is one of four deposits that host NI 43-101 compliant resources on the Karma gold project in Burkina Faso, West Africa (See Map on website: http://www.riverstoneresources.com/i/maps/100907_RamboLXS.JPG). The Rambo Main is located approximately 4 kilometres south of the Company's Nami discovery. The holes were drilled to follow up on recent drilling (see News Releases dated May 3 and April 28, 2010), which intersected significant gold values.

"We are encouraged by the results of the drilling on the Rambo Main," commented M.D. McInnis, President & CEO of Riverstone Resources. "The grades are excellent and the zone is still open down the plunge. The zone clearly warrants additional drilling which will be planned as part of the Company's fall drilling program of over 20,000 metres at the Karma project."

Significant mineralized intercepts are presented in the following table. Holes were drilled towards the north at -60º, except for RADD-10-18 which was at -45º.

Key Drilling Highlights:

  • 18.5 metres of 4.104 g/t Au in Hole 18
  • 21.0 metres of 1.831 g/t Au, including 6.0 metres of 5.121 g/t Au in Hole 20
  • 8.0 metres of 2.490 g/t Au and 2.0 metres of 6.455 g/t Au in Hole 21
  • 3.0 metres of 9.075 g/t Au and 2.0 metres of 5.545 g/t Au in Hole 22
  • 2.0 metres of 2.348 g/t Au in Hole 24
Hole number Interval (m) Intercept Average
  From To (metres) (g/t Au)
         
RADD-10-17 144 147 3.0 1.280
         
RADD-10-18 39.5 58 18.5 4.104
         
RADD-10-19 3.0 7.5 4.50 0.567
and 114.5 116 1.50 0.755
         
RADD-10-20 133 154 21.0 1.831
including 141 147 6.0 5.121
         
RADD-10-21 116 122 6.0 0.963
including 120 122 2.0 1.978
and 130 138 8.0 2.490
including 132 134 2.0 6.455
         
RADD-10-22 140 143 3.0 9.075
and 151 164 13.0 1.545
including 152 154 2.0 5.545
         
RADD-10-23 74.5 76.5 2.0 0.796
         
RADD-10-24 76 78 2.0 2.348
and 94 95 1.0 1.240

Riverstone maintains a quality control program involving the use of repeat assays, inserted blanks and the use of certified standards from an accredited Canadian laboratory. All drill samples were assayed using standard fire assay with atomic absorption techniques, with samples grading over two grams gold per tonne 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.

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, P. Eng., President & CEO

Dr. Giles R. Peatfield, P.Eng., 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.

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.

Contact Information

  • Riverstone Resources Inc. - Vancouver Office
    Michael D. McInnis
    President
    604-801-5020
    or
    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    403-240-0555
    or
    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    604-986-0112
    info@riverstoneresources.com
    www.riverstoneresources.com