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Highlights
- Riversgold reports strong gold assay results in the Northern Zone Gold Project.
- Expansion of mineralisation confirmed across the porphyry system near Kalgoorlie.
- Final assay results and Mining Lease application process underway.
Riversgold Ltd (ASX:RGL) has announced encouraging assay results from its latest drilling campaign at the Northern Zone Gold Project near Kalgoorlie, Western Australia. The results highlight a new high-grade zone within the eastern extension of the porphyry system. These initial findings represent some of the most promising gold intercepts achieved in the shallow regions of the project, reinforcing the potential for significant mineralisation at accessible depths. The eastern exploratory holes have not only exceeded expectations in terms of grade but also confirmed the expansion of shallow gold mineralisation within the area.
Recent drilling has demonstrated consistent mineralised zones, with gold-bearing intercepts observed across various depths and sections. This expansion of the mineralised footprint highlights the potential scale of the system, which extends over a large area. The Northern Zone project is advantageously located near Kalgoorlie, offering excellent access to infrastructure and road networks, further supporting its development prospects.
The drilling campaign validates the geological model and aligns with the project’s exploration targets. Riversgold continues to advance its understanding of the deposit, identifying a larger-than-expected footprint of gold mineralisation within the porphyry system. The company’s efforts underline the importance of the Northern Zone as a key asset in its portfolio, reflecting its potential to deliver significant results.
The next phase of development includes receiving final assay results from the remaining holes in the program. This data will be used to refine the project’s gold model and prepare a comprehensive mineralisation report, which is a critical requirement for a Mining Licence application. Riversgold plans to submit the application as soon as the report is finalized. The project’s strategic location near Kalgoorlie and its ongoing exploration success position it as a noteworthy development in Western Australia’s gold sector. Riversgold remains focused on unlocking further value as it progresses through the next stages of exploration and development.
