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Highlights:
- Riversgold (RGL) reports high-grade gold assay results from ongoing drilling at Northern Zone.
- A comprehensive drilling program is in progress to refine the project's resource estimates.
- Comparisons to Saturn Metals’ Apollo Hill project highlight the project's growing scale.
Riversgold (ASX:RGL) has announced high-grade gold assay results from drilling at the Northern Zone gold project, located near Kalgoorlie. The latest exploration phase has confirmed shallow mineralization with assay results indicating strong gold presence at various depths. Initial findings from reverse circulation drilling highlight the extent of mineralization across the project area.
The company's drilling program aims to define the geological structure of the deposit and expand its mineral resource estimates. These results contribute to a broader understanding of the project's gold distribution and continuity.
Drilling Results and Assay Highlights
Recent drill hole results confirm the presence of high-grade mineralization within broader intercepts. Initial assays indicate several gold-rich zones, demonstrating the continuity of mineralized structures across the project area. These findings suggest the presence of an extensive gold system that may support further resource expansion.
The mineralization appears to be associated with the Northern Zone porphyry, which has shown consistent gold occurrences. Additional exploration work will assess the extent of these mineralized zones and their potential development pathways.
Comparisons to Regional Gold Projects
The Northern Zone project has drawn comparisons to Saturn Metals’ Apollo Hill project, which has established a significant resource base. Apollo Hill's resource model features a low-grade, bulk tonnage deposit, with ongoing exploration aimed at expanding the resource footprint. Riversgold's current exploration work suggests a similar geological setting, supporting further resource delineation efforts.
In addition to geological similarities, processing strategies for the Northern Zone project are under evaluation. Nearby operations, including Black Cat Syndicate’s Kal East gold project, have successfully utilized third-party processing facilities. Riversgold is exploring various processing solutions to optimize resource extraction and development pathways.
Expanding the Exploration Program
Following these encouraging results, Riversgold has commenced an extended drilling campaign to further investigate the mineralized structures. The additional drilling will focus on refining the project's geological model and expanding known gold-bearing zones. These efforts aim to strengthen resource estimates and enhance the overall understanding of the deposit.
The Northern Zone project is strategically located near established mining infrastructure, including open-pit operations and processing facilities. Its proximity to existing developments positions the project within a well-supported mining region, providing logistical advantages for future exploration and development activities.
Ongoing Developments Across Exploration Portfolio
Beyond Northern Zone, Riversgold continues exploration efforts across its broader resource portfolio. The company is advancing additional projects targeting gold, copper, silver, and antimony, including initiatives in New Brunswick. These programs complement the company's expanding asset base and ongoing resource assessment efforts.
