Sprott Global Resource Investments

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Riverstone Resources - Karma, N Burkina Faso - Nov 2012

Andrew Jackson visited Riverstone's Karma project in northern Burkina Faso in late November 2012.

Riverstone has 5 main targets on the property: Kao, Goulagou I, Goulagou II, Rambo and Nami.  The company completed a PEA based on a global Indicated resource of 2.25 Moz @ 1.02 g/t Au and a global Inferred resource of 1.12 Moz @ 0.86 g/t Au. Riverstone plans to skip the PFS and go straight to a BFS, targeting just the oxidized portion of this resource. They plan to agglomerate (because of the high clay content) and heap leach the oxide ore.  

A sulfide ore study will be carried out at some future stage, perhaps based on Biox technology to overcome the refractory nature of the sulfides.

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The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

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