Rift Valley confirms extension at Kitongo gold project

THE DRILL SERGEANT: Rift Valley Resources (ASX: RVY) has received results from RC drilling carried out at the company’s Kitongo gold project in Tanzania.

According to the company the RC drilling program intersected strong zones of gold mineralisation at Kitongo.

The drilling consisted a fourteen hole program, which Rift Valley explained was the first drilling to be undertaken at the deposit since 2001.

The purpose of the program was to confirm the existing resource at Kitongo and to test for depth and strike extensions to the Main Zone.

Rift Valley indicated strong zones of mineralisation were intersected including:

21 metres at 2.68grams per tonne gold from 12m, including 12m at 4.14g/t gold from 12m;

21m at 2.43g/t gold from 117m, including 3m at 9.74g/t gold from 135m;

12m at 1.67g/t gold from 69m; and

18m at 1.55g/t gold from 51m.

 

Kitongo Main Zone with Rift Valley drilling, geology and resource boundary. Source: Company announcement

 

Rift Valley claims the drilling has confirmed resource grade mineralisation continues at depth beneath the already-defined 370,000 ounces of gold Main Zone resource.

The company highlighted the drilling results have also identified a large new zone of shallow mineralisation in the South Limb position.

This new zone is outside an area of artisanal mining and remains open down dip and for at least 300m along strike.

“We are pleased that our first drilling at Kitongo has confirmed our view that major upside exists at the project,” Rift Valley Resources managing director Geoff Gilmour said in the company’s announcement to the Australian Securities Exchange.

“It is particularly encouraging to define a new zone of shallow mineralisation in the South Limb.

“Further testing of this zone and other targets at the project are being planned, with the aim of defining a substantial increase to the existing 370,000 ounce Mineral Resource.”

Website: www.riftvalleyresources.com.au