AI Interpretation of Riversgold Assay Results20 Jan 2026 10:51
I hope this is useful, particularly the comparison to the grades at the Kalgoorlie Super Pit. Yes, it's been pulled together via AI, but this is all based on factual data available in the public domain.
Riversgold's recent assay results for the Northern Zone Gold Project (as of January 19, 2026) are considered very strong, particularly given the shallow nature of the mineralisation.
Recent Assay Results (January 2026)
Recent drilling focused on the shallow oxide gold mineralisation (top 50–60m), with results including:
8m at 5.81 g/t Au from 46m (Hole NZAC179)
7m at 3.48 g/t Au from 48m (Hole NZAC181)
5m at 3.13 g/t Au from 41m (Hole NZAC170)
4m at 2.28 g/t Au from 43m (Hole NZAC182)
These are significant for "shallow oxide" mineralisation, which is typically easier and cheaper to process than deeper bedrock ore.
Commercial Viability
The project is showing strong indicators of commercial viability:
Grade and Scale: The grades are high for a project with a large bulk tonnage exploration target of 2.5 to 4.8 million ounces.
Metallurgy: Tests show excellent gold recoveries averaging 92.56% (up to 94.7% in some cases).
Near-term Production: Riversgold is in a joint venture with Mega Resources to target the start of mining operations in the first half of 2026.
Low Cost: The lack of water to 60m depth allows for fast, cost-efficient drilling and potential low-cost extraction.
Comparison to Kalgoorlie Super Pit
Riversgold's Northern Zone is located just 25km east of the Kalgoorlie Super Pit.