VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2012) - Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) is pleased to announce the appointment of Mr. Peter C. Carter as the Company's Chief Operating Officer.
Mr. Carter first joined Riverstone's management team in March 2012 as the Company's Vice-President Engineering, and has since then spearheaded the development plans for the Company's flagship, Karma Gold Project in Burkina Faso, West Africa.
Mr. Carter holds a diploma in Mining Technology from BCIT and a BSc in Mining Engineering from the Montana College of Mineral Science and Technology (Montana Tech) in Butte, Montana. In 2006, he earned an Executive MBA from Queen's University in Kingston, Ontario. He has over 25 years experience in the mining industry with various assignments in engineering, production management, and project development with an emphasis on surface mining operations.
In 1994, following eight years at copper and gold operations in Canada and the US, Mr. Carter joined Centerra Gold Inc. where he was involved in the construction and start-up of the Kumtor Gold Mine in Kyrgyzstan. There he directed the re-design of the feasibility mine plan to establish Kumtor as a 600,000 oz/yr producer and rose to the position of Mining Manager. Later, as Operations Manager for the company's Boroo Gold Project in Mongolia he helped oversee construction and led a successful mid-winter start-up allowing the project to exceed planned annual gold production of 200,000 oz/yr.
As a project manager, Mr. Carter has overseen permitting and feasibility studies for both hardrock and heap leach gold projects in Canada and overseas. His technical expertise extends to reserve estimation, open pit mine design, mineral processing, and tailings management. He has a proven track record of adding value to existing and developing projects through a focus on planning, safety, and efficient, cost-effective operation.
Additional information about the Company and its activities may be found on the Company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com.
ON BEHALF OF THE BOARD
Dwayne L. Melrose, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.