A Company Brought to Your Attention Last Week: News Just Released

Published: Mon, 02/28/11


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Dear Silver Investor Readers,

Last week I brought to your attention a quality junior mining company that is aggressively expanding their gold resources in the prosperous country of Burkina Faso, West Africa. This company has just released their much anticipated updated resource calculation at the Karma Gold Project and I encourage you to read more about it below.

This resource update is only a stepping stone for Riverstone Resources (RVS: TSX-V). With 25,000 metres of continuous drilling currently underway, their newly discovered high-grade Nami Zone and a host of other gold projects with drilling in progress, this company could generate a lot of investor interest in the upcoming months.

See below today’s news release from Riverstone for more details…

Sincerely,

David Morgan

 


NEWS RELEASE: Riverstone Increases Gold
Resources at Karma by 70 Percent

Riverstone Resources Inc. (TSX-V: RVS) has received an independent resource estimate, which shows a substantial increase in the gold mineral resources at its flagship Karma project in Burkina Faso, West Africa.  The NI 43-101 compliant resource estimate has increased the contained ounces of gold by 70% from the company’s initial estimate of May 2009. The total discovery cost of the increase in resources was less than $6 per ounce of gold.

HIGHLIGHTS:

  • Indicated gold resources are 810,600 ounces of gold in 22,845,000 tonnes at a grade of 1.10 g/t.

  • In addition, the inferred gold resources are 1,119,100 ounces of gold in 44,110,000 tonnes at a grade of 0.79 g/t.

  • The gold resources are at shallow depths and over 90% of the gold resource is within 150 metres from surface.

  • Mineralization remains open at depth and along strike.

  • The resource estimate only includes drill hole results received up to October 2010 and results of an additional 13,000 metres of drilling, completed since that time, are not included. Most of the newest drill results include significant mineralized intervals. Data from this and on-going drilling will be incorporated into the next resource estimate.

  • The prospective Nami deposit drill results have not been included in this resource estimate.

  • This is an interim estimate and will be updated again later in the year.

To read full news release from Riverstone, please click here



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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.


 


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