RIVERSGOLD REPORTS IMPRESSIVE SHALLOW GOLD GRADES AT NORTHERN ZONE

New drill results strengthen exploration potential 25km east of Kalgoorlie

Riversgold Ltd (ASX:RGL) has reported significant shallow gold intercepts from its recently completed drilling at the Northern Zone Gold Project, located just 25km east of Kalgoorlie. The highlight is the highest grade interval to date from shallow drilling, with 27.5 g/t gold returned from 39m depth in hole NZAC033.

The company has completed 1,903m of new shallow drilling, successfully targeting a shallow gold mineralisation zone. This follows a previous notable intercept of 18m at 4.14 g/t gold from 36m (NZRC001).

Key shallow intercepts include:

16m at 4.69 g/t Au from 30m (NZAC033)
4m at 6.9 g/t Au from 39m (NZAC029)
3m at 3.32 g/t Au from 35m (NZAC030)
3m at 2.68 g/t Au from 31m (NZAC043)
4m at 1.47 g/t Au from 30m (NZAC053)

Additionally, a single metre assay from NZRC001 has now been completed, returning:

10m at 4.94g/t Au from 39m (NZRC001)
18m at 2.8g/t Au from 36m

Further infill and step-out drilling is planned to expand the mineralised footprint.

David Lenigas, Chairman of RGL, said:

These latest gold results are very exciting for this Project and it is great to be able to back up our initial results at Northern Zone with this latest run of assays so quickly after the recent success of our latest RC and AC campaigns that we reported on in July. These results have exceeded our initial expectations and indicate that we have very significant shallow supergene and oxide gold mineralisation that overlays our main hard-rock porphyry target area.