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Rift Valley Resources Ltd.
Summary
| Project: | Miyabi | |
|---|---|---|
| Deposit: | Dalafuma | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 9/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2016: Rift Valley Resources Ltd. announces an Exploration/Drilling Update report for its Dalafuma deposit at the Miyabi project. Drilling results incl. 21m @ 7.5g/t Au from 162m. Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Greg Cunnold (Internal) | |
| ABSTRACT: | Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is pleased to announce first assay results from current drilling at its 100% owned Miyabi Gold Project in Tanzania. Initial (composite) assay results have been received from reverse circulation (RC) drilling at the Dalafuma prospect area. Resource delineation drilling at Dalafuma and Dalfuma North west has returned significant gold intersections along strike from the current resource extents. At Dalafuma, strong tenor gold mineralization has been encountered to the east of the known resource and mineralization remains open. Drilling at Dalfuma North west has extended that zone some 50 meters west, where it remains open. Both zones are open at depth over their entirety but drill targeting is focussed on the shallower resources at this stage. A drill-hole location plan and type cross section detailing the new drill intersections, in context with previous drilling and resource boundaries, is presented below. The latest reported intersections (MBRC 440 on) pertain to 3 metre composite samples. Some 1 metre re-splits have been returned and a table detailing both is included below (Table 1). Drilling has continued in the interim at Miyabi with targets at Chui and Shambani being tested, results of which are awaited. The rig will now return to Dalafuma and step out again on the recently delineated mineralization. | |
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