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Rift Valley Resources Ltd.
Summary
| Project: | Miyabi | |
|---|---|---|
| Deposit: | Shambani, Dalafuma | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 10/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-10-2016: Rift Valley Resources Ltd. announces an Exploration/Drilling Update report for its Shambani, Dalafuma deposit at the Miyabi project. Drilling results incl. 24m @ 3.211g/t Au from 84m. Rift Valley Resources Limited (“Rift Valley” or “Company”) ( | |
| Resources: | (Resources, I+I): 14.3Mt @ 1.5g/t Au for 703.5koz contained. | |
| CP/QP: | [Overall Report]: Greg Cunnold (Internal) | |
| ABSTRACT: | Rift Valley Resources Limited (“Rift Valley” or “Company”) (ASX: RVY) is pleased to announce further encouraging assay results from the current drilling programme at its 100% owned Miyabi Gold Project in Tanzania. Initial (composite) assay results have been received from reverse circulation (RC) drilling at Miyabi. Ongoing RC drilling at the Company’s 100% owned Miyabi project has returned further significant gold intersections. Of note are the results from the Sid (IP) anomaly (Figure 1). This prospect was generated and categorised as a high priority drill target from the recent data base migration and geophysical interpretation conducted by the company (ASX 21.4.2016). Broad, strong tenor gold mineralization has been returned and will be the subject of imminent follow up drilling. At the Shambani prospect, drilling tested the western extents of known gold mineralisation. Composite samples returned significant intersections, including 6 meters @ 5.03 g/t Au from 81 meters. Results to date support the theory that the two defined mineralised envelopes delineated to date at Shambani, may join in a fold closure to the west. A drill-hole location plan detailing the new drill intercepts in context with previous drilling and resource envelopes, is presented below (Figure 2). Current Mineral Resources are tabulated in Table 1. A full list of new drilling results is presented in Table 2. Drilling continues at Miyabi with extensional drilling at Dalafuma and Shambani being carried out as well as follow up drilling at Sid. | |
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