1 / 33

riverstoneresources TSXV: RVS Frankfurt: 3RV

www.riverstoneresources.com TSXV: RVS Frankfurt: 3RV. 2008.06.10.

brooklyn
Download Presentation

riverstoneresources TSXV: RVS Frankfurt: 3RV

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. www.riverstoneresources.com TSXV: RVS Frankfurt: 3RV 2008.06.10

  2. This presentation may contain “forward-looking information” within the meaning of Canadian securities acts or “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States . 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.

  3. Seven attractive gold projectsin Burkina Faso, West Africa • Stable political climate with investor-friendly Mining Code • Financing at $0.60 and option rights granted to Teck Cominco • Karma project • - current 43-101 total resource of 550,000 ounces gold • - target of 1.25 million oz of gold in 2008* • - potential for near-term, low cost gold production* • Ligidi project • - extensive geochemical soils and rock boulder anomalies • - boulders sampled averaged 2.33 g/t gold within a 1 g/t gold contour • * This estimate is based on the potential for gold resources in all categories of some 20 to 25 million tonnes containing an estimated average of 1.5 g/t gold which in turn is based on a reasonable projection of the results to date from drilling the mineralized zones on the Goulagou, Kao and Rambo permits and from the existing NI 43-101 resource estimates for the Goulagou deposits. The figures are intended to provide an indication of management’s expectations and are conceptual in nature. To date, insufficient exploration has been undertaken to define this size of mineral resource and therefore it is uncertain whether the target will be delineated as a mineral resource or whether production will ensue.

  4. Other projects • Yaramoko, Bissa East, Bissa West, Solna and Tao • -all located in greenstone belts with encouraging exploration results to date • 2008 drill programs underway to expand current gold resource and test other targets at Karma and Ligidi • Listed TSX Venture Exchange – RVS and quoted Frankfurt – 3RV • Recent share price ~ C$0.40 • Current market capitalization (fully diluted) ~ C$25.5 million

  5. Michael D. McInnis, P.EngDirector, President & CEO Over 35 years of experience in exploration and management, track record with high quality mineral projects James Robertson,P.Eng  Director Over 35 years of experience, past Director of Primary Metals before takeover by Sojitz Corp. Alvin Jackson, P.Geo Director International experience, past President and COO of EuroZinc Mining Rick Bailes,P.Eng Director Over 30 years in mining, currently also President and CEO of Canadian Gold Hunter Gregory Isenor, P.Geo  Director Past CEO of Jilbey Gold before its takeover by High River Gold Paul G. Anderson, P. Geo Exploration Manager International experience, previously in Burkina Faso with Channel Resources in 1990’s

  6. Burkina Faso is located in West Africa between Ghana to the south and Mali to the north

  7. Burkina Faso Facts • Located between Ghana and Mali, with similar geology and Birimian Greenstone belts, geologically rich • Area of 274,000 km² and population of 14 million • Stable political government with attractive Mining Code and tax incentives • Good road network and communications systems • Under-explored but mining interest and activity is rapidly increasing • Four new gold mines operating in 2008

  8. Selected Gold Deposits Ghana Obuasi (42M oz) Bibiani (5M oz) Obotan (2.8M oz) Mali Sadiola (14M oz) Morila (5.9M oz) Syama (5.2M oz) Yatela (4.4M oz) Loulo (4.0M oz) Burkina Faso Essakane (5.2M oz) Taparko (1.5M oz) Mana (1.2M oz) Youga (1.5M oz) Inata/Belahoure (1.7M oz) Burkina Faso is under-explored yet has excellent geology and several recent gold discoveries

  9. Riverstone • Gold Projects • Karma • Goulagou, Kao, Rambo, Rounga permits • Ligidi • Yaramoko • Bissa East • Tangapella, Sébila, • Biliga, Malgtaba permits • Bissa West • Bissiga, Pella, • Bouboulou permits • Solna • Solna, Teyango, • Yantera permits • Tao Other Deposits Bissa Hill (1.5M oz) (High River Gold) Inata/Belahoure (1.7M oz gold) (Goldbelt/Wega) Essakane (5.2M oz) (Orezone) Sega (0.6M oz) (Orezone) New Gold Mines - 2008 Taparko/Bouroum (1.5M oz) (High River Gold) Youga (1.5M oz) (Etruscan) Mana (1.2M oz) (Semafo) Kalsaka (0.7M oz) (Cluff Gold)

  10. The Karma Project includes the Kao, Goulagou, Rambo and Rounga permits • 6 km long soils anomaly identified at Kao • RAB drilling at the south end was followed up with RC grid drilling • Discovery of Kao Main Zone Kao Permit

  11. Mineralized area at Kao Main Zone ~ 800m by 400m • Open to north and northwest and to depth at southeast • Over 140 holes drilled to max depth of 85m • Further drilling in 2008

  12. Mineralized zone at Kao is near-surface and shallow dipping • Mineralization continues to north and northwest

  13. At Goulagou previous work identified gold resources at GG1 and GG2 • Permits acquired under an option to purchase • Goulagou resources are nearby to Kao Main Zone and Rambo Kao Permit

  14. Results of recent drilling to test known mineralized zones and depth of mineralization included: • 60m of 2.45 g/t gold • 26m of 3.34 g/t gold • 28m of 4.21 g/t gold • 22m of 2.89 g/t gold • 50m of 2.24 g/t gold • 84m of 2.00 g/t gold

  15. GOULAGOU MINERAL RESOURCE ESTIMATE* (Calculated at $480/oz gold price) * From a January, 2007 Report by SRK Consulting prepared under the Guidelines of National Instrument 43-101.

  16. Kao Permit

  17. Permit area of 225 km2 • Several artisanal workings evident • Geochem soils survey undertaken within boundary shown • Teck Cominco has rights to an option to earn 51% interest by making expenditures of $8 million

  18. Soils anomaly is • almost 13 km long • with 3 main areas • - Wayalguin • - Three Hills • - Dassoui • A rock boulder field • covers a large • area at Three Hills • (yellow inset)

  19. Grid sampling of • rock boulders • identified 4 • significant • anomalies within a • 1 g/t gold contour • Rock samples • averaged 2.33 g/t • gold within the • contour • The largest • anomaly “A” is 1km • long averaging • 300m in width

  20. 1st Half 2008 • Karma – Infill RC Drilling at Goulagou • – Step out RC Drilling at Goulagou  • – Step out RC Drilling at Kao  • – RAB Drilling at Rambo • – Follow-up RC Drilling at Rambo • – Initiate New Resource Calculation • Ligidi – RAB Drilling program • – Follow-up RC Drilling

  21. 2008 RESOURCE TARGET AT KARMA This estimate is based on the potential for gold resources in all categories of some 20 to 25 million tonnes containing an estimated average of 1.5 g/t gold which in turn is based on a reasonable projection of the results to date from drilling the mineralized zones on the Goulagou, Kao and Rambo permits and from the existing NI 43-101 resource estimates for the Goulagou deposits. The figures are intended to provide an indication of management’s expectations and are conceptual in nature. To date, insufficient exploration has been undertaken to define this size of mineral resource and therefore it is uncertain whether the target will be delineated as a mineral resource.

  22. Share Structure

  23. Riverstone Resources Inc. 906 – 595 Howe Street Vancouver BC Canada V6C 2T5 Tel: 604 801 5020 Fax: 604 801 6075 info@riverstoneresources.com www.riverstoneresources.com Investor Relations Ascenta Capital Partners Inc. Plation Capital AG Trent Dahl: 604 684 4743 ext. 228 Tel: +41 41 766 3 766 trent@ascentacapital.com riverstone@plationcapital.com

  24. www.riverstoneresources.com TSXV: RVS Frankfurt: 3RV

More Related