Rio Novo Gold Intersects 2.10 g/t Au
TORONTO, ON - Rio Novo Gold Inc. reported assay results from the ongoing drilling program at its 100% owned Almas Gold Project, located in the State of Tocantins, Brazil.
Rio Novo has drilled 16 scout diamond drill holes totalling 3,222m into the newly acquired Vira-Saia target. The Vira-Saia target is part of the additional land package optioned by Rio Novo in April 2011, which covers a 3 km trend defined by structure, geochemistry, and old workings. The area is approximately 5 km from the planned milling facilities at Paiol.
The most significant result is in FVSD-0014 with 15.0m at 2.10 g/t. This hole ties together with intercepts of FVSD-0016 (9.5m @ 1.62 g/t) and FVSD-0001 (14.6m @ 0.94 g/t), defining a zone with a northwest strike of at least 250m in length and 10-15m in thickness. The zone is cut off to the southeast by a fault, but is open to the northwest and at depth. Also of interest are holes FVSD-0007 (6.95m @ 0.72 g/t) and FVSD-0011 (10.2m @ 0.45 g/t), from which early results suggest a parallel mineralized zone exists to the east with a strike of 200m that is open in all directions. The company's address is 155 University Avenue, Suite 1240, Toronto, ON M5H 3B7, 416-368-8288.