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Riverstone Reports 28.61 g/t Au over 20 Metres on Yaramoko Gold Project, Burkina Faso, West Africa |
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Monday, 11 April 2011 10:38 |
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Riverstone Resources Inc. reported the final series assays from its Yaramoko gold concession in western Burkina Faso, West Africa.
Assays include data from 19 of the 33 reverse circulation holes (1,468 out of 2,723 metres) drilled in December 2010 and January 2011 (YRM-10-RC023 through YRM-11-RC055) of which 17 targeted Bagassi South mineralization, 7 Bagassi Central targets and 9 Bagassi North targets. Riverstone entered into an agreement to option a 60% interest in the property to Roxgold Inc. in July 2010. Under the terms of the agreement, Roxgold is to incur exploration expenditures of $1.5 million, issue 360,000 shares and make payments totalling $100,000 to earn a 60% interest in the property. The term of the agreement is three years and Riverstone will be the operator for the initial work programs on the property. More information, click here. |
