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The latest update is out from Riversgold Ltd. ( (AU:RGL) ).
Riversgold’s earn-in partner A.I.S. Resources is beginning a high-resolution helicopter-borne magnetic survey over selected areas of the Saint John Gold/Copper/Silver/Antimony Project in New Brunswick, Canada. The program will cover 2,125 line kilometres at 50-metre spacing using advanced low-noise Geometrics G822 sensors to map magnetic anomalies with high confidence.
Under a farm-out agreement, A.I.S. can earn up to 75% of the Saint John Project by funding C$4.4 million of exploration over four years, leaving Riversgold with a 25% free-carried interest to a mining decision. The survey, supported by earlier high-grade surface sampling, is expected to refine drill targets and shape subsequent ground geophysics, mapping and drilling, potentially enhancing Riversgold’s exposure to gold, copper, antimony, silver and critical minerals in a prospective IOCG district.
More about Riversgold Ltd.
Riversgold Ltd. is an ASX-listed mineral exploration company focused on gold, copper, silver, antimony and other critical minerals. Through projects such as the Saint John Gold/Copper/Silver/Antimony Project in New Brunswick, Canada, the company targets IOCG-style mineralisation, providing exposure to both precious metals and energy transition-related commodities.
Average Trading Volume: 15,665,073
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.16M
Find detailed analytics on RGL stock on TipRanks’ Stock Analysis page.