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Highlights
- Riversgold (RGL) finds promising sulphide samples at Prince of Wales Prospect.
- Drone MMT and AEM technologies validated for enhanced target identification.
- Approved drilling of 2,000 metres to extend exploration at Saint John Project.
Riversgold Limited (ASX:RGL) recently announced exciting developments from its exploration activities, notably from the Prince of Wales Prospect. A standout sulphide sample, identified as RK008302, showed remarkably high grades of copper and silver, assaying at 10.15% Cu and 65.8g/t Ag. This sample also exhibited very high induced polarisation (IP) chargeability values, ranging from 210 to 220 mSec, coupled with low resistivity measures around 1-4 S/m. These results underscore a potent geophysical signature which is pivotal for delineating new exploration targets.
The effectiveness of advanced exploration methodologies was further underlined by the positive outcomes of using Drone MobileMT (MMT) technology. Southern Geoscience Consultants (SGC) affirmed the utility of IP/Resistivity surveying techniques, particularly for the mineralisation style observed in the Saint John Project. The integration of Drone MMT alongside conventional Airborne Electromagnetics (AEM) has proved instrumental in refining and prioritising exploration targets across the approximately 25 km strike length of the project area.
Moreover, Riversgold has secured full approval to undertake an extensive drilling operation, covering 2,000 metres. This green light marks a significant step in advancing the exploration strategy at the Saint John Project. Current activities also include geochemical sampling at the Little Lepreau Prospect, where initial findings have revealed multiple high-grade rock-chip results for critical minerals like antimony, gold, copper, and silver. Nestled in New Brunswick, Canada, the Saint John Project benefits immensely from stellar infrastructure and access, placing it in a premier position within a well-regarded Tier-1 Canadian mining jurisdiction known for its antimony production.
David Lenigas, Riversgold's Chairman, shared his enthusiasm about these developments. "These stellar surface assay results at Saint John are changing the way we approach targeting copper sulphide mineralisation. The geophysical signatures we've identified from the petrophysics tests on this sulphide sample are incredibly strong, affirming the effectiveness of airborne techniques in our further explorations," he commented. As the project progresses, the incorporation of cutting-edge technology and comprehensive exploration techniques promises to enhance the understanding and development of the mineral-rich area, setting the stage for a series of updates anticipated from the ongoing site activities throughout 2025.
