RIVERSGOLD UNCOVERS HIGH-GRADE GOLD INTERCEPTS IN NORTHERN ZONE

Significant New Discoveries 25km ESE of Kalgoorlie

Riversgold Ltd (ASX:RGL) has announced further high-grade gold intercepts from its ongoing reverse circulation (RC) drilling at the Northern Zone Gold Project, located 25km east-southeast of Kalgoorlie. The latest results highlight significant mineralisation both to the north and south of RGL’s maiden diamond drill hole traverse.

Key RC drilling intercepts include:

  • 18m @ 4.14g/t Au from 36m (NZRC001)
  • 54m @ 0.38g/t Au from 158m (NZRC004)
  • 14m @ 0.76g/t Au from 226m to EOH (NZRC004)
  • 15m @ 0.66g/t Au from 160m (NZRC005)

Noteworthy results from the maiden 2023 diamond drill traverse include:

  • 110m @ 0.60 g/t Au from 208m (RSDD02), including 2m @ 2.64g/t Au from 208m, 5m @ 3.03g/t Au from 221m, and 13m @ 1.29g/t Au from 274m
  • 47m @ 0.48g/t Au from 216m (RSDD01), including 1m at 4.74g/t Au from 244m
  • 16.4m @ 0.45g/t Au from 83.6m (RSDD003)

David Lenigas, Chairman of RGL, said:

These latest results from our initial RC campaign at NZ exceeded our expectations, revealing shallower supergene gold mineralisation than anticipated and delineating the south-west boundary of the gold system. Our next phase of drilling will explore extensions to the north-east, north-west, and south-east, building on our maiden diamond drilling program that encountered mineralisation reaching depths of 450 metres and thicknesses exceeding 150 metres. A follow-up drill program will also target an identified fault, believed to be a controlling feature of mineralisation in the area. This follow-up campaign will be finalised after we receive all assays from the recent arc RC program, conducted concurrently with the RC drilling. We look forward to receiving these drilling results shortly.

Read the full announcement

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