Pink Sheets: Riverstone Resources Inc (RVREF) news stock charts
Riverstone Resources Inc (RVREF/RVREF.PK) Penny Investment Summary:
Riverstone Resources, Inc. engages in the exploration and development of gold properties in Canada and West Africa. It holds interests in 17 mineral permits covering 3,500 square kilo metres in Burkina Faso, West Africa. The company is headquartered in Vancouver, Canada.RIVERSTONE RESOURCES INC (RVREF:OTC)
Snapshot of RIVERSTONE RESOURCES INC (RVREF)
|
OPEN
$0.93
|
PREVIOUS CLOSE
$0.92
|
|
|
DAY HIGH
$0.93
|
DAY LOW
$0.85
|
|
|
52 WEEK HIGH
03/18/10 - $0.97
|
52 WEEK LOW
04/23/09 - $0.10
|
|
|
MARKET CAP
--
|
AVERAGE VOLUME 10 D
36.7K
|
|
|
EPS TTM
--
|
SHARES OUTSTANDING
0.0
|
|
|
RVREF Does Not Pay Dividends
|
P/E TTM
--
|
|
| K = Thousands M = Millions B = Billions | ||
Key developments for RIVERSTONE RESOURCES INC (RVREF)
Riverstone Resources Inc. announced the results from the sampling of the waste dumps at the Nami artisanal site in Burkina Faso, West Africa. The waste dumps comprise material left behind by the artisanal miners after high grading the quartz veins, and they are considered by them to carry no gold grade. The size of the mineralized footprint, as defined by the 0.3 gpt contour, is 500 metres by 300 metres. The zone is open for extension to the northwest, southwest and southeast. The average of all samples greater than 0.3 g/t is 1.36 g/t with a high of 8.6 g/t . Sampling of the waste dumps was carried out by establishing a 25 metre by 25 metre grid over the entire artisanal site. At each sample site a 10 to 13 kg sample was collected randomly from the waste dumps nearest the sample site.
Riverstone Resources Inc. announced that it is expanding the drill program on its promising new Nami gold discovery at its Karma Gold Project in Burkina Faso, West Africa. The program is being increased from 3,000 metres to 9,000 metres, based on encouraging results received to date from the recent comprehensive sampling program. A second rig will be added to the program which is expected to commence by mid-March.
Riverstone Resources Inc. report the results from the first batch of samples collected during the current sampling program presently underway over the major new Nami artisanal site on the Company's Karma Gold Project in Burkina Faso, West Africa. A total of 182 samples were collected in the first batch of samples. These samples were collected from artisanal shafts located in the southern portion of the workings. Highlights of the initial batch of samples are as: 9 of the samples returned values greater than 10 g/t gold with a maximum value of 89.2 g/t gold; 41 samples are greater than 1.0 g/t gold and 17 of the samples returned values greater than 5 g/t gold; 64 of the samples returned values greater than 0.30 g/t gold and the average of these samples is 5.67 g/t gold; Gold is associated with quartz veins and veinlets within a granodiorite host rock and a breccia body within the granodiorite; The significant number of artisanal sites suggest that gold mineralization is widespread throughout the granodiorite; and the site is in close proximity to defined gold resources on the Karma project, which has a NI 43-101 resource of 820,500 ounces of gold indicated and 320,300 ounces inferred. 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.
Riverstone Resources Inc financial resources
RVREF Competitors
| Company | Last | Change | |
| No competitor information is available for RVREF. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | RVREF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 5.3x |
Not meaningful
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
|
RVREF |
||
RVREF transactions
| Type Date |
Target |
|
Private Placement
March 12, 2010 |
-- |
|
Private Placement
January 20, 2010 |
-- |