RE: Gold $3,400+. Grades here are exceptional. 1p+ SP target13 May 2025 15:28
Grades are excellent.
JV partner paying all costs.
WIN-WIN.
Riversgold has undertaken extensive exploration activities at the Northern Zone Project, with initial reverse circulation (RC) drilling, completed in October 2021, covering a depth of 260 metres across seven holes. The results from this phase confirmed an exploration target of 200-250 million tonnes at a grade of 0.4-0.6 grams per tonne (g/t) gold, translating to an estimated 2.5 to 4.8 million ounces of gold. Subsequent metallurgical testing indicated promising gold recovery rates, with up to 90.4% recovery over 72 hours.
In August 2023, Riversgold concluded a four-hole, 1,379-metre oriented core diamond drilling program, exceeding initial depth expectations and reaffirming the Project’s gold potential. Recent aircore drilling has more than doubled the prospective porphyry gold zone, with 27 holes drilled to blade refusal, targeting the interface between oxide gold mineralisation and fresh rock. These efforts have revealed new target zones, further expanding the known extent of the porphyry system.