Riversgold Ltd (ASX:RGL) has received new high-grade gold results from its Farr-Jones and Eales prospects, upgrading the potential to host substantial gold mineralisation.
Resampling of 1 metre samples from the most recent air core program and analysis by fire assay has upgraded the air core intersections with previous exploration completed in the late 1980’s.
Farr-Jones “potential new gold camp”
Riversgold managing director Allan Kelly said the new assays indicated the potential for the Farr-Jones project to host economic grades of gold mineralisation over the 1.5-kilometre strike length between the Farr-Jones and Eales prospects.
“So far, we have defined high-grade primary gold mineralisation at Farr-Jones and North Farr-Jones including a fantastic intersection of 3 metres at 17.8 g/t in the first hole we drilled at Farr-Jones.
“Last December we tested a number of newly defined soil anomalies with air core drilling for the first time and now have drill intersections greater than 3 g/t in two in two air core holes 200 metres apart at Eales as well as anomalous supergene gold mineralisation in several other holes.
“The Farr-Jones project, along with the additional targets at Cutler and Ella, is shaping up as a potential new gold camp with the opportunity to define numerous gold occurrences adjacent to the Randall fault.”
READ: Riversgold’s maiden aircore drilling outlines strong gold potential at Queen Lapage
Results at the Farr-Jones and Eales prospects are as follows:
Farr-Jones
4 metres at 0.73 g/t from 49 metres including 1 metre at 1.49 g/t; and
2 metres at 1.42 g/t from 58 metres including 1 metre at 2.15 g/t.
Eales
3 metres at 1.92 g/t from 56 metres including 1 metre at 3.04 g/t from hole FJAC0012; and
4 metres at 1.11 g/t from 39 metres including 1 metre at 3.02 g/t from holes FJAC0015.
Earlier this month the company defined two large anomalies stretching over a combined strike length around 10 kilometres at the Queen Lapage gold prospect.
Queen Lapage, along with the company’s Farr-Jones and Cutler prospects forms part of the wider Kurnalpi project adjacent to the Randall fault.
Riversgold is planning follow-up drilling at both the Farr-Jones and Cutler prospects, where a high-grade drill intersection of 1 metre at 62.9 g/t at the northern end of the Cutler prospect has not yet been followed up.
Re-analysis of samples at the Little prospect are pending.
- Jessica Cummins