True Gold Mining

Published : February 09th, 2010

Sampling Program Underway at Nami Gold Discovery Zone

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Riverstone Sampling Program Underway at Nami Gold Discovery Zone

February 9, 2010



Riverstone Resources Inc. (TSXV: RVS, Frankfurt: 3RV) is pleased to provide a progress report on the sampling and mapping program currently underway on its promising new Nami gold discovery at its Karma project in Burkina Faso, West Africa.  Over 100 artisanal shafts within a breccia body in granodiorite have been sampled to date.  There are presently 555 samples in the lab for assaying. 

"We are very excited about this phase of sampling", commented M.D. McInnis.  "The results from the comprehensive sampling program, will give us a much clearer sense of the size of this gold discovery.  Our sampling crew has noted numerous quartz vein systems within the breccia which makes us very optimistic that Nami is a significant gold deposit."

The initial sampling program of the Nami site was carried out in December, 2009, and collected 51 samples throughout the area of the artisanal workings.  The average of all samples collected was 10.4 g/t gold.  Fourteen of the samples contained more than 14 g/t gold with a maximum of 98 g/t gold. (See News Release January 18, 2010). 

The follow-up sampling is designed as a more comprehensive program over the area of the artisanal workings.  Approximately 100 additional artisanal shafts and about 200 "waste" dumps from the shafts will be sampled.  The sampling program is estimated to be completed by mid-February.  All of the sample results should be available by the end of February at which time the Company will initiate a 3,000 metre RC drill program to test the zone. 

Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to the company's website at www.riverstoneresources.com and under the Company's profile at  www.sedar.com.


ON BEHALF OF THE BOARD

"Michael D. McInnis"
______________________________________
Michael D. McInnis, P.Eng., President & CEO 


For further information contact:

Vancouver Office:
Michael D. McInnis, President  
Phone: 604.801.5020  
Email:  info@riverstoneresources.com     
  
Raju Wani, Investor Relations
Phone: 403.240.0555


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Paul G. Anderson, P. Geo. is a Qualified Person for RVS and has reviewed and approved the contents of this release.

Certain statements made and information contained in this news release and elsewhere constitutes "forward-looking information" within the meaning of the Ontario Securities Act. 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.


 



Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada

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True Gold Mining

DEVELOPMENT STAGE
CODE : TGM.V
ISIN : CA89783T1021
CUSIP : 768906
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True Gold. is a gold development stage company based in Canada.

True Gold. holds various exploration projects in Burkina Faso.

Its main asset in development is KARMA in Burkina Faso and its main exploration properties are LIGIDI, BISSA, SOLNA, YARAMOKO and GOULAGOU / RAMBO / KAO in Burkina Faso.

True Gold. is listed in Canada and in United States of America. Its market capitalisation is CA$ 267.2 millions as of today (US$ 212.1 millions, € 187.6 millions).

Its stock quote reached its lowest recent point on January 09, 2009 at CA$ 0.09, and its highest recent level on April 15, 2011 at CA$ 1.09.

True Gold. has 398 840 000 shares outstanding.

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Financings of True Gold Mining
5/17/2011Withdraws Public Offering of Common Shares
5/9/2011. Announces Equity Financing
6/2/2009Announces Non-Brokered Private Placement
10/1/2008Announces Proposed C$1.98 million Private Placement with IFC
6/23/2008Closes 1.75 Million Unit Private Placement at $0.60
6/13/2008Announces Closing of Private Placement
5/26/2008reases Private Placement to Raise C$1.9 Million
Option Grants of True Gold Mining
2/11/2011Grant of 300,000 options to PR Firm
4/23/2010GRANT OF 300.000 STOCK OPTIONS TO B&D CAPITAL PARTNERS
9/9/2009Grant of 2.460.000 stock options
1/28/2009GRANT OF 730.000 STOCK OPTIONS TO directors, officers, emplo...
2/6/2008GRANT OF 1.010.000 STOCK OPTIONS TO directors, officers, emp...
12/3/2007GRANT OF 180.000 STOCK OPTIONS TO PR FIRM
10/22/2007GRANT OF 150.000 STOCK OPTIONS TO PR FIRM ASCENTA CAPITAL
7/9/2007GRANT OF 1.255.000 STOCK OPTIONS TO directors, officers, emp...
6/27/2007GRANT OF 150.000 STOCK OPTIONS TO PR FIRM MAU CAPITAL (MR....
2/27/2006GRANT OF 250.000 STOCK OPTIONS TO Mr. Ron Cooper for PR Ser...
1/26/2006GRANT OF 500.000 STOCK OPTIONS TO directors
5/5/2004GRANT OF 805.000 STOCK OPTIONS TO directors, officers, emplo...
1/12/2004GRANT OF 440.000 STOCK OPTIONS TO directors, officers, emplo...
8/19/2003GRANT OF 610.000 STOCK OPTIONS TO directors, officers, emplo...
Nominations of True Gold Mining
3/26/2015Appoints Christian Milau as Chief Executive Officer
2/11/2011Announces Investor Relations Advisor, Stock Options
6/9/2006announces hiring of exploration manager
Project news of True Gold Mining
4/26/2016Endeavour completes acquisition of True Gold
7/18/2011(Karma)Intersects 58 Metres Grading 1.13 g/t Gold at Karma
6/9/2011(Karma)Intersects New Gold Zone at Karma
6/1/2011(Karma)Reports 38 Metres Grading 5.6 g/t Gold From Karma
5/26/2011(Bissa)Starts Major Drill Program at Yaramoko and Reports Additiona...
4/26/2011(Karma)Reports More Positive Gold Results from Karma
4/8/2011(Yaramoko)Reports 28.61 g/t Au Over 20 Metres on Yaramoko Gold Project...
3/24/2011(Karma)Intersects High Grade Gold at Karma
2/28/2011(Karma)Increases Gold Resources at Karma by 70 Percent
7/13/2010(Bissa)Grants Options on Three Gold Properties
1/18/2010(Karma)Defines High Grade Gold Mineralized Trend
1/6/2010(Karma)Drilling Defines Gold Mineralized Trend
11/4/2009(Karma)New Gold Zone
9/24/2009(Karma)Commences Drilling on Karma Gold Project
8/26/2009(Karma)Drilling Plans on Karma Gold Project
7/6/2009(Karma)Independent Technical Report on the Karma Gold Project
9/18/2008(Karma)Extends Gold Mineralization at Karma
8/12/2008(Karma)Continues to Expand Gold Mineralization at Karma
7/10/2008(Karma)Initiates Resource Estimate for Karma Project
5/7/2008(Goulagou / Rambo / Kao)Extends Goulagou Mineralization to Depth at Karma
3/10/2008Intersects 16.7 g/t Gold (0.49 oz/ton) over 12 Metres at Kar...
2/28/2008 Intersects 5.47 g/t Gold over 10 Metres at Karma
1/29/2008(Goulagou / Rambo / Kao)Resumes Drilling at Kao Main Gold Zone
4/16/2007Intersects 10 metres of 3.55g/t Gold on Kao
4/5/2007(Rambo - Kao)Confirms And Extends Multiple Gold Zones On Kao
6/6/2006(Ligidi)plans 15,000m of RAB drilling on Burkina properties
Corporate news of True Gold Mining
4/21/2016Endeavour and True Gold Shareholders Approve Acquisition Tra...
4/21/2016True Gold Announces Securityholder Approval of Plan of Arran...
4/11/2016True Gold Announces First Gold Production
4/11/2016LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS SUPPO...
4/11/2016Independent Advisory Firms ISS and Glass Lewis Support Plant...
3/24/2016True Gold Mails and Files Meeting Materials for Upcoming Spe...
1/13/2016True Gold announces appointment of new Director
1/12/2016True Gold signs $10 million equipment finance facility
12/31/2015True Gold grants incentive stock options
10/26/2015True Gold appoints Peter Hardie as Chief Financial Officer
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
10/20/2015True Gold begins mining at Karma
9/25/2015Karma Mine Update
9/17/2015Karme Mine Update
9/17/2015True Gold: Karma Mine Update
8/24/2015True Gold Mining reports Q2 2015 financial & operating resul...
6/22/2015True Gold introduces David Laing as Chief Operating Officer
6/19/2015True Gold grants incentive stock options
3/26/2015True Gold appoints Christian Milau as Chief Executive Office...
3/2/2015Ture Gold provides update on Karma Project
3/2/2015True Gold Provides Update on Karma Project
1/29/2015True Gold Provides Progress Update on Karma
1/20/2015True Gold Provides Corporate and Operational Update
1/14/2015IIROC Trading Resumption - TGM
1/14/2015(Karma)Temporarily Suspends Operations at Karma
1/14/2015True Gold Temporarily Suspends Operations at Karma
1/14/2015IIROC Trading Halt - TGM
12/24/2014True Gold draws down additional US$20.7M of project financin...
12/9/2014True Gold reports temporary work slowdown
12/6/2014True Gold Files PEA for North Kao and Updated Feasibility St...
11/24/2014True Gold Mining reports Q3 2014 financial results
11/17/2014Karma Gold Mine construction on time, on budget
10/31/2014True Gold Mining provides update on events in Burkina Faso
10/30/2014True Gold Mining Provides Update on Events in Burkina Faso
10/21/2014True Gold's North Kao Deposit to generate over US$118 millio...
9/25/2014Sandstorm Gold Remits First Upfront Payment to True Gold
9/25/2014True Gold Commences Draw Down of Project Financing
9/18/2014True Gold Receives All Permits for the Karma Gold Project
9/8/2014True Gold Secures Long-Term Cement Contract at a Price Signi...
2/22/2013.: Directors Approve Name Change
2/13/2013.: Widely Spaced RC Drilling at Liguidi Hits Near-Surface Go...
1/29/2013(Karma).: RAB Program Reveals Widespread Near-Surface Gold Minerali...
12/12/2012Announces Change in Financial Year-End
11/7/2012(Karma)Files NI 43-101 Updated Resource Estimate Technical Report o...
10/15/2012.: Corporate Update
10/10/2012(Bissa)Intersects 6.95 g/t Gold Over 6 m at Bissa East Property
9/17/2012Intersects 9.50 g/t Gold Over 12 Metres at Kao Deposit
9/10/2012Intersects 2.39 g/t Gold Over 24 Metres at Kao
7/11/2011Reports Thick Gold Intercepts at Goulagou I
6/20/2011Reports Multiple Mineralized Intervals From Nami
3/23/2010Commences Drilling at Nami Site
12/8/2009HRA Advisories Coverage of Riverstone Resources (RVS: TSX-V)
2/9/2010Sampling Program Underway at Nami Gold Discovery Zone
2/8/2010Raises $1.8 Million
1/28/2010Commences Follow-up Program at Nami Gold Discovery Zone
6/19/2009Raises $2.1 Million
6/16/2008Resumes Drilling at Karma
4/29/2008Grants Financing and Option Rights to Teck Cominco
4/7/2008Expands Kao Main Zone at Karma
3/21/2006(Ligidi)new exploration permits signed in the Bissa area of Burkina ...
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