RNS18 Jan 2026 22:51
Riversgold continues intersecting shallow gold mineralisation as it expands it gold
footprint at its Northern Zone Gold Project near Kalgoorlie in Western Australia
• $2.15 million capital raise at $0.01 per share, with production JV partner MEGA Resources
subscribing for 100 million shares
• First assay results now arriving for 2026, with significant results including:
o 8m at 5.81 g/t Au from 46m (NZAC179)
o 7m at 3.48 g/t Au from 48m (NZAC181)
o 5m at 3.13 g/t Au from 41m (NZAC170)
o 4m at 2.28 g/t Au from 43m (NZAC182)
o Further significant results in tables
• Drilling results from a further 16 drillholes due to be received in two batches over the
coming weeks
• Drill rig booked for 10 February 2026 to continue expanding the oxide gold mineralisation
footprint
• Conversion to Mining Lease process continues with the recent signing of Heritage
Agreement a major step forward1
• The Mine Development and Closure Plan (MDCP) and the associated environmental
assessments have commenced with Resource WA
David Lenigas, Executive Chairman of Riversgold; said:
"I'm very pleased to welcome MEGA Resources, our Kalgoorlie Gold Project’s development partner,
on as a Riversgold shareholder having subscribed for 100 million shares in this placing. We are all looking
forward to moving our Northern Zone Gold Project towards gold sales later this year with MEGA
Resources funding 100% of the development costs, as we announced in September last year."
Ed Mead, Exploration Director of Riversgold, said:
“It is great to follow on from previous releases and continue to expand and Intersect gold grades in
the northeast area and also in the important saddle area that joins the east and west zones previously
identified on the project. Our modelling suggests that this could constitute part of a ~600m wide zone
of shallow oxide mineralisation overlying the Northern Zone porphyry system. We are still awaiting results
from 16 drillholes from last year's drill program, expected in the coming weeks, and we are looking
forward to reporting these before we start the next phase of expansion drilling due to start on the 10th."
"The two recently completed drill programs were designed to add to our gold footprint in the top 50-
60m at our Kalgoorlie Gold Project, and to enhance the MEGA Resources mining scenario for 20262.
Results continue to expand the lateral footprint of Northern Zone, and we are achieving the goal of
making the Project bigger in the oxide zone. I look forward to updating shareholders as we progres
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