Riversgold Ltd. ( (AU:RGL) ) has issued an update.
Riversgold Ltd. has announced promising assay results from its Northern Zone Gold Project near Kalgoorlie, Western Australia. The results from recent drilling programs indicate significant gold mineralization, with all eleven reverse circulation drill holes intersecting gold. The company is awaiting results from additional samples and plans to update its dynamic Leapfrog gold model to guide future drilling campaigns. Riversgold sees potential parallels with other successful projects in the region, suggesting the possibility of a large-scale, low-grade heap leach operation.
More about Riversgold Ltd.
Riversgold Limited (ASX: RGL) operates in the mining industry, focusing on gold exploration and development. The company is actively involved in projects located in Western Australia, with a particular emphasis on the Kalgoorlie East Gold Project. Riversgold aims to expand its footprint in the gold sector by advancing its exploration and drilling programs.
Technical Sentiment Signal: Buy
Current Market Cap: A$6.73M
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