Riverstone Commences Drilling on Karma Gold Project
September 24, 2009
Riverstone
Resources Inc. (TSXV: RVS, Frankfurt:
3RV) is pleased to announce that it has commenced a drill
program on its Karma project in Burkina Faso, West Africa. The program
will comprise approximately 6,000 metres of drilling, divided roughly
equally between reverse circulation ("RC") and rotary air blast
("RAB") drilling. The Karma project has four separate gold
deposits supporting a NI 43-101 resource estimate of 820,500 ounces
of gold in the indicated category and 320,300 ounces
in the inferred category (see news releases dated May 11, 2009 and July
6, 2009). The objectives of the up-coming program are to test for
extensions beyond the known mineralized zones and to collect samples for
metallurgical testwork purposes. It is expected that the program
will take approximately seven weeks to complete.
Riverstone
Resources Inc. is active in gold exploration in Burkina Faso, West
Africa, where the company holds an extensive portfolio of 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.
"Michael D. McInnis"
______________________________________
Michael D. McInnis, P.Eng., CEO & President
For further information
contact:
Vancouver Office:
Michael D. McInnis, President
Phone: 604.801.5020
Email: info@riverstoneresources.com
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Raju Wani, Investor Relations
Phone: 403.240.0555
Ron Cooper, Investor Relations
Phone: 604.986.0112
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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.
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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