RE: Gold ATH, Gold Grades fantastic in Australia, tiny mcap31 Mar 2025 13:26
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ASX: RGL
Riversgold’s Northern Zone Project: High-Grade Gold Results
By
John Zadeh
on March 19, 2025
Riversgold Ltd-RGL-Gigantic "RGL" carved in a rocky cliff overlooking a mining operation with vehicles and equipment.
Riversgold Ltd
ASX Code: RGL
Market Cap: $7,576,707
Shares On Issue (SOI): 1,683,712,593
Cash: $1,216,000 (as of 31 DECEMBER 2024)
This is a special feature article produced for our partner.
Riversgold (ASX: RGL) has unveiled assay results from its latest drilling campaign at the Northern Zone Gold Project near Kalgoorlie that have generated considerable excitement. The recent drilling programme has successfully confirmed and expanded the known mineralisation with several high-grade intercepts, reinforcing the potential of this emerging gold target in one of Australia’s most active mining regions.
Shallow Gold Mineralisation: What Does It Mean for the Project?
The first two holes from the 11-hole reverse circulation (RC) drilling programme have yielded a series of significant gold intercepts that highlight the presence of a larger mineralised envelope. High-grade zones discovered in these shallow intercepts not only underscore the potential for enhanced gold endowment but also suggest that the deposit could be amenable to low strip ratio mining. Key drilling results include:
7m at 3.62 g/t Au from 39m (NZRC007)
1m at 10.81 g/t Au from 42m (NZRC007)
1m at 12.10 g/t Au from 44m (NZRC007)
5m at 4.37 g/t Au from 37m (NZRC008)
1m at 15.13 g/t Au from 40m (NZRC008)
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