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Rift Valley Resources Ltd.
Summary
| Project: | Miyabi | |
|---|---|---|
| Deposit: | Dalafuma | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 1/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2017: Rift Valley Resources Ltd. announces a Resource Estimation report for its Dalafuma deposit at the Miyabi project. Total Resource for Dalafuma updated by over 40,000oz. Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is ple | |
| Resources: | (Resource, I+I): 1.803Mt @ 3.6g/t Au for 208000oz Au containced at project | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is pleased to announce a Mineral Resource update for the high grade Dalafuma deposit at Miyabi. The Mineral Resource has increased by over 40,000oz to 208,000oz at a grade of 3.6g/t as summarised below. The total Miyabi project Mineral Resource has increased to 745,000oz. The update was carried out to include the excellent intersections obtained from the 2016 RC drilling program. The main high grade zone at Dalafuma remains open in several areas and further drilling is currently being planned to expand the defined resource. The increased Mineral Resource inventory at the Miyabi project has confirmed the Company’s belief that further shallow gold mineralisation remains to be discovered at the project. The geological understanding gained from the recent work at Dalafuma has allowed company geologists to re-evaluate previous work carried out throughout the entire project area and a number of high priority targets have been identified for further drilling. These include extensions to existing resources as well as strong gold anomalies within previous geochemical sampling programs. The significance of barren transported ferricrete over these target areas was not previously understood and many prospective parts of the project have been tested with either soil sampling or shallow RAB drill holes, neither of which would have been effective. | |
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