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Highlights
- Riversgold expands high-grade gold footprint at Kalgoorlie East
- Strong drill results from Northern Zone signal low-cost potential
- Next-phase drilling and resource modelling underway
Riversgold Ltd (ASX:RGL) has confirmed further high-grade gold mineralisation at its Kalgoorlie East Project, with recent drilling results continuing to build momentum around its promising Northern Zone discovery. Located just 25 kilometres east of Kalgoorlie, this latest development is shaping up as a significant advancement for the project.
The recently completed 32-hole aircore drilling program, totalling 1,805 metres, has delivered the company’s highest-grade gold intersections to date. These standout assays are not only expanding the known gold footprint but also reinforcing the potential scale and continuity of mineralisation within the Northern Zone.
High-Impact Drill Results
Key highlights from the drill campaign include:
- 10 metres at 8.89 g/t gold from 46 metres, including 1 metre at an exceptional 77.96 g/t
- 7 metres at 3.14 g/t from 47 metres, including 1 metre at 18.35 g/t
- 2 metres at 11.97 g/t from 34 metres
- Additional intervals ranging from 5 to 12 metres with grades up to 6.98 g/t
These results are complemented by an additional 414 samples from 11 drillholes, which are currently being processed, with results anticipated soon.
Promising Geological Model and Strategic Direction
The latest assays are contributing to the construction of a 3D Leapfrog geological model, which will guide future exploration and support a maiden mineral resource estimate (MRE). This work positions the Northern Zone as a shallow, low-cost development opportunity, with characteristics aligned to an open-pit mining scenario.
The mineralisation is hosted in a porphyry system, showing consistency and continuity along its eastern extension, and resembles the characteristics of Saturn Metals’ (ASX:STN) Apollo Hill Project, which boasts over 2 million ounces of gold.
Development Pathways and Exploration Plans
The proximity of Riversgold’s project to existing operations, such as Black Cat Syndicate’s (ASX:BC8) Myhree/Boundary pits just 7 kilometres north, strengthens the outlook for potential development. These nearby operations illustrate a viable model of turn-key funding and processing that could be adapted by Riversgold.
As the company integrates new drilling data into its broader exploration strategy, preparations for additional drilling are already underway. These efforts aim to further define and expand the mineralised zone and progress the project toward a mining lease application.
With continued exploration success and a growing understanding of the deposit, Riversgold is advancing its Kalgoorlie East Project into a potentially significant gold asset in Western Australia.
