Discussions with the property vendors on amending the original agreement to reflect the exploration results to date proved unsuccessful. As a result, Rhyolite has elected to terminate the property agreements and will not be making a total of
The Company is continuing to evaluate its Brothers Concession in Suriname where it's inaugural 3,000-metre diamond core drilling program returned 1.8 grams gold per tonne over 10 meters downhole width in hole BRDD-001; 4.6 grams gold per tonne over 6 meters downhole width in hole BRDD-004; 2.4 grams gold per tonne over 8 meters downhole width in hole BRDD-009 and 20.5 grams gold per tonne over 1 meter downhole width in hole BRDD-013 (Press Release
Forward-Looking Statements
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the ability to attract financing on these terms or at all; the price of commodities and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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