Riversgold Ltd. (AU:RGL) has released an update.
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Riversgold Ltd. has successfully completed Phase 2 of its drilling program at the Northern Zone Gold Project near Kalgoorlie, Western Australia, with significant sample collection and the anticipation of a maiden JORC resource estimation. The project boasts an Exploration Target of up to 4.8 million oz of gold, and the company draws optimistic comparisons with Saturn Metals’ Apollo Hill Project, indicating potential for a substantial low-grade operation. Results from the recent drilling campaign, which confirmed the expected mineralization model, are expected in early July.
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