Wednesday 30th September 2020

Resource Clips

Riverstone reports Burkina Faso Gold Results up to 31.8 g/t over 2m

Resource Clips - essential news on junior gold mining and junior silver mining(Update: On February 25, 2013, Riverstone Resources Inc began trading as True Gold Mining Inc TSXV:TGM.)

Riverstone Resources Inc TSXV:RVS announced drill results from the Kao Deposit of its Karma Gold Project in Burkina Faso. Highlights include

31.8 grams per tonne gold over 2 metres
2.39 g/t over 24 metres
2.22 g/t over 16 metres
(including 3.28 g/t over 8 metres)
0.85 g/t over 42 metres
(including 1.48 g/t over 6 metres)
2.1 g/t over 12 metres
2.02 g/t over 12 metres
1.84 g/t over 14 metres
1.68 g/t over 12 metres
2.42 g/t over 6 metres

Depths extend to 314 metres. True thicknesses are interpreted between 90% and 100%. Mineralization at Kao extends over 1,400 metres in a northeast-southwest direction and at least 900 metres down-dip to the east. The company states that these results confirm the continuation of higher-grade material along strike to the northwest and at depth, with the deposit remaining open to the north, south and down-dip to the east.

President/CEO Dwayne L. Melrose commented, “The extension drilling at Kao continues to return higher grades than the modelled average grade of the deposit. This is expected to have a positive effect on the upcoming resource estimate, which is on track for completion in late September. The updated resource model has the potential to increase the mine life or annual gold production that was identified in the recently released PEA results.”

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Dwayne L. Melrose

or Don Mosher
Corporate Development

or Raju Wani
Investor Relations

or Ron Cooper
Investor Relations

by Greg Klein

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