Riversgold Ltd. (AU:RGL) has released an update.
Riversgold Ltd. has commenced a new drilling campaign at the Northern Zone Gold Project, 25km east of Kalgoorlie, targeting extensions of a previously successful drill site with a notable 18m gold intercept at 4.14g/t from 36m depth. The project, with an exploration target of 200-250 million tonnes at 0.4-0.6 g/t gold, draws comparisons with Saturn Metals’ Apollo Hill Project, suggesting the potential for a large-scale, low-grade heap leach operation. The current drilling phase, expected to last about 2 weeks, aims to further explore the mineralisation controlled by a nearby fault and build upon earlier encouraging results.
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