Riversgold (ASX:RGL) Gears Up for Major Drilling and Expansion Across Key Projects

2 min read | February 13, 2025 12:34 PM AEDT | By Team Kalkine Media

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Riversgold (ASX:RGL) Gears Up for Major Drilling and Expansion Across Key Projects — Image source: shutterstock

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Highlights

Riversgold (ASX:RGL) secures drill rigs and prepares for upcoming drilling at Northern Zone.

Mining Lease application at Northern Zone marks a crucial step towards potential production.

High-grade gold discoveries and expansion plans in both Australia and Canada.

Riversgold (ASX:RGL) is making significant strides in its gold exploration efforts, with key updates on its Northern Zone Gold Project near Kalgoorlie and several other high-potential assets. The company is poised to commence drilling soon after securing drill rigs for Northern Zone, reinforcing its commitment to advancing exploration in one of Australia’s most prolific gold regions.

The economic outlook for the project appears promising, with strengthening gold prices adding further potential to the company’s plans. In addition to drilling preparations, Riversgold has also applied for a Mining Lease at Northern Zone, a critical step in advancing the project towards future development.

Beyond Northern Zone, Riversgold continues to explore and expand its presence in the Pilbara, where it has identified a significant 12-kilometre gold trend at the Tambourah Project. Surface sampling has revealed high-grade results of up to 100 grams per tonne (g/t) gold, underscoring the project’s strong mineral potential. Further fieldwork and drilling are planned once the wet season concludes, positioning the company for deeper exploration into this promising area.

Internationally, Riversgold has also been making notable progress in Canada, where its St John discovery has revealed significant mineralisation of copper, gold, silver, and rare earth elements. With drill permits secured in a remarkably short timeframe of just two weeks, the company aims to launch drilling activities by late Q1 or early Q2. This rapid progress highlights Riversgold’s efficiency in advancing its exploration projects on a global scale.

Additionally, Riversgold has experienced growing market interest, with increasing trading volumes and strong investor engagement. The momentum surrounding the company reflects confidence in its strategic direction and exploration potential.

With key drilling programs set to commence and expansion efforts underway across multiple projects, Riversgold remains focused on unlocking further value from its growing portfolio.

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