Vancouver, BC / ACCESSWIRE / July 31, 2014 / Rift Valley Resources Corp. ("Rift" or the "Company") announces that it 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 Mr. Warren Robb, P.Geo. 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 tabulated below:
No. 1 Magnetite Vein
-------------------------------------------------------------- |Sample No.|Sample Type|Length (m)|Au (gpt)|Ag (ppb)|Cu (ppm)| |------------------------------------------------------------| |96901 |Chip |1.2 |72.7 |11445 |3337 | |------------------------------------------------------------| |96902 |Chip |0.90 |106.1 |14704 |3629 | |------------------------------------------------------------| |96903 ** |Chip |0.50 |84.0 |15544 |>10000**| |------------------------------------------------------------| |96904 ** |Chip |0.53 |55.8 |9483 |>10000**| |------------------------------------------------------------| |96905 |Chip |0.40 |0.3 |208 |3079 | |------------------------------------------------------------| |96906 |Grab | |1.1 |603 |3987 | |------------------------------------------------------------| |96907 |Grab | |27.7 |3832 |2022 | |------------------------------------------------------------| |96908 |Chip |0.40 |5.2 |1186 |3722 | |------------------------------------------------------------| |96909 |Grab | |39.1 |8059 |4680 | |------------------------------------------------------------| |96910 |Grab | |278.0 |22921 |2651 | |------------------------------------------------------------| |96911 |Grab | |84.4 |12407 |2119 | |------------------------------------------------------------| |Luan |Select Grab| |22.8 |3309 |5577 | --------------------------------------------------------------
No 2 Magnetite Vein:
--------------------------------------------------------------- |Sample No.|Sample Type|Length (m)|Au (ppm) |Ag (ppb)|Cu (ppm)| |-------------------------------------------------------------| |96916 |Grab | |6.5 |2431 |1642 | |-------------------------------------------------------------| |96917 |Grab | |0.1 |275 |2130 | |-------------------------------------------------------------| |96918 * |Select Grab| |17.4 Gpt*|4167 |2574 | |-------------------------------------------------------------| |96919 |Grab | |3.5 |1379 |2256 | |-------------------------------------------------------------| | | | | | | | ---------------------------------------------------------------
Limonite Zone and Limonite Vein:
------------------------------------------------------------- |Sample No|Sample Type|Length (m)|Au (ppm)|Ag (ppb)|Cu (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 (m)|Au (ppm)|Ag (ppb)|Cu (ppm)| |-----------------------------------------------------------| |96920 ** |Chip |5.0 |0.8 |21812 |>10000**| |-----------------------------------------------------------| |96921 |Grab |3.5 |2.9 |936 |1911 | |-----------------------------------------------------------| |96922 ** |Grab |0.7 |0.2 |37485 |>10000**| |-----------------------------------------------------------| |96923 ** |Chip |Select 0.3|0.1 |6211 |>10000**| -------------------------------------------------------------
Camp Zone:
------------------------------------------------------------- |Sample No|Sample Type|Length (m)|Au (ppm)|Ag (ppm)|Cu (ppm)| |-----------------------------------------------------------| |96924 |Grab | |0.0 |147 |2489 | -------------------------------------------------------------
Notes for all Tables:
* Sample # 96918: gold results were 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% 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 ppm gold were then re-analyzed 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.
Mr. Warren Robb P.Geo., is the Qualified Person for the Company and approves the contents of this news release.
The Company intends to post a copy of this report on its website at www.riftavalley.ca
ON BEHALF OF THE BOARD
"Craig Robson"
CEO
For more information, please contact:
Craig Robson, CEO
Tel: 778 839 7963
Email: [email protected]
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