Riversgold Ltd. (AU:RGL) has released an update.
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Riversgold Ltd has initiated reverse circulation and air core drilling at its Northern Zone Gold Project, near Kalgoorlie, aiming to establish a maiden JORC-compliant gold resource. The project boasts a significant gold exploration target within a large porphyry gold system, with drilling confirming the presence of substantial gold mineralization. The company compares the Northern Zone’s potential to the nearby Apollo Hill Gold Project, suggesting possibilities for a large-scale, low-grade operation.
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