Mr. Craig Robson reports
RIFT VALLEY RESOURCES CORP., RECEIVES ASSAY RESULTS FROM LATEST SAMPLING OF ITS HIGH GRADE No. 1 MAGNETITE VEIN
Rift Valley Resources Corp. has received the assay results of its latest sampling on the high-grade gold-bearing No. 1 magnetite vein and related areas, located on the company's Cat Mountain property in north-central British Columbia.
A geological and prospecting team spent five days examining the No. 1 and No. 2 magnetite veins to better aid in determining the strike length and distribution of high-grade gold within the two principle gold-magnetite vein systems prior to undertaking a detailed and systematic excavator supported trenching program. A surface grab and chip sampling program was conducted over portions of the exposed length of the No. 1 and No. 2 magnetite veins, as well as other areas of interest under the supervision of Warren Robb, PGeo. A combination of 24 grab and chip rock samples was submitted to Acme Labs of Vancouver for 37-element ICP analysis with gold assays determined by fire assay of a 30-gram pulp. The results of this work are shown in the attached table.
NO. 1 MAGNETITE VEIN
Sample No. Sample type Length Au Ag Cu
(m) (g/t) (ppb) (ppm)
96901 Chip 1.2 72.7 11445 3337
96902 Chip 0.9 106.1 14704 3629
96903** Chip 0.5 84 15544 >10000**
96904** Chip 0.53 55.8 9483 >10000**
96905 Chip 0.4 0.3 208 3079
96906 Grab 1.1 603 3987
96907 Grab 27.7 3832 2022
96908 Chip 0.4 5.2 1186 3722
96909 Grab 39.1 8059 4680
96910 Grab 278 22921 2651
96911 Grab 84.4 12407 2119
Luan Select grab 22.8 3309 5577
NO. 2 MAGNETITE VEIN
Sample No. Sample type Length Au Ag Cu
(m) (ppm) (ppb) (ppm)
96916 Grab 6.5 2431 1642
96917 Grab 0.1 275 2130
96918* Select grab 17.4 g/t* 4167 2574
96919 Grab 3.5 1379 2256
LIMONITE ZONE AND LIMONITE VEIN
Sample No. Sample type Length Au Ag Cu
(m) (ppm) (ppb) (ppm)
96913** Chip 0.7 0.5 47234 >10000**
96914** Chip 1.4 0.5 36985 >10000**
96915** Chip 0.25 0.1 9273 >10000**
BET ZONE
Sample No. Sample type Length Au Ag Cu
(m) (ppm) (ppb) (ppm)
96920** Chip 5 0.8 21812 >10000**
96921 Grab 3.5 2.9 936 1911
96922** Grab 0.7 0.2 37485 >10000**
9692 ** Chip Select 0.3 0.1 6211 >10000**
CAMP ZONE
Sample No. Sample type Length Au Ag Cu
(m) (ppm) (ppb) (ppm)
96924 Grab 0 147 2489
Notes for all tables:
* The gold result for sample No. 96918 was reported in
grams per tonne rather than parts per million.
** Copper: some copper results were reported as greater than 10,000
parts per million (greater than 1 per cent copper). The company
does not know the actual value for those samples as the copper
content exceeded the detection limit for the analytical method
used. Management is considering the option of a more-precise
analytical procedure to determine a more accurate result.
The company is planning a further exploration program of the above veins and surrounding area in late August or early September. Rift Valley has a valid notice of work permit (MX-13-242) to conduct ground magnetometer surveys and excavator trenching expiring Dec. 31, 2015. The company has submitted an additional notice of work to add blasting to the existing permit to allow the collection of fresh sample material from depth and free of potential surface oxidation.
Samples obtained during this program remained under the supervision of company personnel until delivered to Acme Labs in Vancouver. The samples were then dried, crushed and pulverized, a 15-gram pulp was analyzed for 37 elements by ICP-MS method, a 30-gram pulp was analyzed by fire assay; any samples returning greater than 10 parts per million gold were then reanalyzed by fire assay with a gravimetric finish to obtain final values. Acme Labs is a fully accredited laboratory and sample duplicates and standards were inserted by Acme Labs and verified by the qualified person.
Warren Robb, PGeo, is the qualified person for the company and approves the contents of this news release.
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