Company
ASX:RGL
Riversgold Limited is an ASX-listed exploration and development company focused on the discovery and advancement of high-value gold and copper resources in tier-one mining jurisdictions across Australia and Canada. With a streamlined and disciplined approach, the company is advancing a focused portfolio of priority projects in the Goldfields, Pilbara and Yilgarn regions of Western Australia and New Brunswick, Canada.
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The company has a portfolio of mineral exploration tenements in the Eastern Goldfields with discoveries made at the Farr-Jones and Cutler prospects, and first drilling program completed at Queen Lapage in almost 20 years.
The Eastern Goldfields is Riversgold’s focus in Western Australia while it also has ground in South Australia and Alaska.
At least two large anomalies have been highlighted stretching over a combined strike length of around 10 kilometres.
The east-dipping mineralisation remains open at depth on several sections with no work having been completed since 1992.
Queen Lapage contains around 17 kilometres of the Randall Fault, which hosts a number of gold occurrences
The first round of aircore drilling was completed at the company’s 80% Farr-Jones project.
The company has defined 20 kilometres of strike at its Quicksilver prospect and only drilled a single hole.
The discovery adds to historic sampling work that initially identified the mineralised zone.
The company is planning follow-up drilling at Farr-Jones as well as the nearby Horan prospect.
The company has completed six RC holes, returning high-grade results that will shore up the size and extent of mineralisation.
The project in Tintina Gold Province has never been drilled but has returned rock chips grading 90 g/t gold.
Shares surge 32% to 14.5 cents as drilling returns up to 17.8 g/t gold.
