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Riversgold Ltd. ( (AU:RGL) ) has shared an announcement.
Riversgold has reported further strong assay results from 31 drillholes at the Northern Zone Gold Project near Kalgoorlie, including intercepts such as 15 metres at 5.62 grams per tonne and individual samples up to 71 grams per tonne. The latest campaign has successfully extended the mineralised footprint between the central saddle and eastern zone, reinforcing the company’s geological model for this porphyry-hosted system.
Operationally, the Northern Zone tenement is in the final stages of conversion to a mining lease, supported by recently completed heritage clearance surveys. Riversgold has also secured a Right to Mine and Co-Operation Agreement with MEGA Resources, under which MEGA will fund development and mining in return for a 50/50 profit share, potentially accelerating the project’s pathway to production and altering the company’s near-term revenue profile.
More about Riversgold Ltd.
Riversgold Ltd. is an Australian gold exploration company focused on developing its Kalgoorlie Gold Project in Western Australia. The company is advancing the Northern Zone Intrusive Hosted Gold Project, a porphyry-hosted system situated about 25 kilometres east of Kalgoorlie, with a strategy centred on expanding shallow oxide gold resources.
Average Trading Volume: 15,636,683
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.16M
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