The latest announcement is out from Riversgold Ltd. ( (AU:RGL) ).
Riversgold Ltd. has announced the commencement of its 2025 drill season at the Kalgoorlie East Gold Project with the addition of a reverse circulation (RC) rig to its drilling program. This initiative aims to explore the transition zone below the weathered oxide zone, with a 1,280m drilling program set to begin shortly. The company is also preparing for a 2,000m aircore drilling program to test shallower mineralization, scheduled to start mid-March. The strategic move to enhance drilling capabilities underscores Riversgold’s commitment to advancing its exploration efforts and potentially increasing its resource base, which could positively impact its market positioning and stakeholder interests.
More about Riversgold Ltd.
Riversgold Ltd. is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Kalgoorlie East Gold Project located in the Northern Zone, 25km east of Kalgoorlie, known for its porphyry gold system.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.42M
For detailed information about RGL stock, go to TipRanks’ Stock Analysis page.