Riversgold Ltd (ASX:RGL) has resumed fieldwork targeting a spodumene-rich LCT (lithium-caesium-tantalum) system at its highly prospective Tambourah Lithium Project in the Pilbara region of Western Australia.
The new fieldwork program is expected to take six to 12 weeks to complete and will consist of:
- Geochemical sampling programs at the Lion and Bengal prospects.
- A lithium and gold soils sampling program through the central section of the main Tambourah tenement.
- Stream sediment sampling to build on historical anomalies identified on the western contact between the Shaw granite dome and the overlying greenstones.
Samples will be dispatched for analysis in batches throughout the program and results will be released as they become available.
“Scale and prospectivity”
Riversgold CEO Julian Ford said: “The 2022 field season at Tambourah has the potential to considerably and quickly upgrade the project in terms of scale and prospectivity.
“Our first aim is to better characterise the mineralised system at Tambourah. Secondly, we will test geochemical and geophysical targeting techniques.
“If we are effective in these endeavours, we will be a long way towards delineating drill-ready targets at Tambourah.
“Following our recent, very successful financing, we are fully funded to undertake the current round of additional work.”
Fieldwork program
RGL’s recent fieldwork and elemental analysis of recent and historical data indicate that the Tambourah northwest zone potentially hosts a spodumene lithium system
The new program of fieldwork is underway to better define Lion and Bengal prospects in the northwest zone and test the prospectivity of other zones at Tambourah
Notably, the Lion Prospect was upgraded to an estimated 20-30 metres wide pegmatite following the June site visit and technical analysis.
Forward plan
The confirmation of a spodumene-rich system as potentially indicated by the rubidium/lithium ratio at Tambourah and the identification of drill hole targets for the company’s maiden drill program are key outcomes of the 2022 field season.
Results of the current field program are expected towards the end of the September quarter and will be released to the market as they become available.