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.