Kalgoorlie Gold Project Drilling Results Continue to Shine19 Jan 2026 12:24
Lets stick to the facts eh?
Summary
1 Breakdown of the Results (Riversgold - Northern Zone)
NZAC179 (8m @ 5.81 g/t Au from 46m): Excellent. In Western Australian open-cut mining, anything over 5 g/t is considered high grade. An 8-meter width is a strong, mineable interval.
NZAC181 (7m @ 3.48 g/t Au from 48m): Very Good. This is a solid, consistent grade.
NZAC170 (5m @ 3.13 g/t Au from 41m): Good.
NZAC182 (4m @ 2.28 g/t Au from 43m): Good.
These added to previous excellent results with more to come shortly
2 Don't forget the heritage licence is very important step to mining licence which should be coming shortly now
In Australia, a heritage agreement (often specifically an Aboriginal Cultural Heritage Agreement or Management Plan) in the context of a mining licence is a "legally binding contract" between a mining company and Traditional Owners (native title holders or representatives).
3 MEGA their partner confident to take 100 million shares at virtually market price "after" the big jump. They should know!
PLUS they took them at virtual MARKET PRICE! That was after the jump before halt! Virtually unheard of and oozing confidence in the project!
4 Riversgold SP off to great start on ASX which is normally a lot tamer than AIM.
5 The area just keeps getting connected up, bigger, great grades, shallow with one sheet load of gold in it!! This could be GGP all over again. I hope to get more but reckon I will be paying a hefty premium for them GLA investors
7 Aggressive drilling continues with aim of proving the expanding size and amount of Gold within. A CPR will blow away previous figures imo.
8 MEGA champing at the bit to get first pit open, cash to follow shortly after.
9 These figures were from earlier in campaign. The WILL get bigger. Do the Maths!
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.
10 Stock madman and rest of fools trying like crazy to knock it which is always good news. They wouldn't bother if it was just average or bad lol