335 0 Kommentare Reservoir Minerals Provides an Update on Exploration Activities in Cameroon

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2014) - Reservoir Minerals Inc. (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) ("RMC" or the "Company") is pleased to announce that it has sampled high-grade gold mineralization in its trenching program on the Bibemi exploration licence in Cameroon. The Company has also acquired the Wapouzé exploration licence located close to Bibemi and covering similar Pan-African geology.

Dr. Simon Ingram, President and CEO of Reservoir Minerals commented: "The Company has consolidated its presence on the Pan African formations in Northern Cameroon with the acquisition of the prospective Wapouzé licence. In addition the Bibemi trenching results confirm the excellent potential for near-surface gold mineralization over a strike length of approximately 19 kilometres. Further gold potential in the south-eastern part of the Bibemi licence is demonstrated by new artisanal gold panning in alluvium which extends the strike length of the known gold mineralization to approximately 30 kilometres within the Bibemi licence."

Wapouzé Licence

The Wapouzé exploration licence for gold and related commodities was awarded to Reservoir Minerals Cameroon SARL on July 22, 2014, is valid for 3 years and can then be renewed a further two times, each for 2 years. The licence covers an area of 364 square kilometres and is located approximately 10 kilometres north of the Company's Bibemi licence in northern Cameroon.

The licence covers a Pan-African age metavolcano-sedimentary succession that is similar to the favourable geology in the Bibemi licence. Reconnaissance fieldwork by Company geologists identified anomalous gold values in stream sediment samples collected over the target geology, and confirmed the potential for further discovery of gold mineralization similar to that in Bibemi.

Bibemi Licence - results of fieldwork

Previous fieldwork identified gold mineralization in quartz veins within a gold-in-soil geochemistry anomaly extending for 20 kilometres along strike. The best results from channel sampling of weathered bedrock included 10 metres containing 2.26 grams per tonne ("g/t") gold from Trench T07 (Company News Release, November 1, 2012).

During the 2014 dry season, 95 trenches were excavated to bedrock (for a total of 3,154 linear metres of trenching) and 568 channel samples collected from the quartz veins. Samples from the quartz veins were 50 to 60 kilograms, and those from the surrounding host rocks were 20 to 30 kilograms.