Riversgold expands gold footprint at Northern Zone porphyry

• Riversgold’s drilling has expanded the mineralised footprint of its Kalgoorlie East – Northern Zone project
• Results such as 10m at 8.89g/t gold have defined the high-grade zone within the porphyry zone
• Further assays pending from aircore drilling ahead of defining a maiden resource

Special Report: Riversgold has expanded the mineralised footprint and defined the high-grade gold zone of its Kalgoorlie East project in WA after drilling returned significant intersections.

Drill results such as 10m grading 8.89g/t gold from a down-hole depth of 46m including 1m at 77.96g/t from 54m, 7m at 3.14g/t from 47m and 2m at 11.97g/t from 34m continue to validate and enlarge the shallow mineralisation associated with the Northern Zone porphyry.

Riversgold (ASX:RGL) added that most of the drill holes at the project intersected gold mineralisation while a further 414 samples from 11 holes were awaiting assays.

The dynamic Leapfrog gold model for Northern Zone will be updated with the latest results to inform and guide future drill campaigns.

“We continue to keep delivering great results and everything is going to plan as we expand the mineralised footprint of the Kalgoorlie East project and define the high-grade gold zone hosted within a large lower-grade porphyry host,” RGL chairman David Lenigas said.

“The reported results continue to meet and exceed expectations, with a new high-grade zone being delineated on the eastern margin of the project.”

The latest results follow an angled reverse circulation program that confirmed and enlarged shallow mineralisation associated with the Northern Zone porphyry.

Drill results

Assay results indicate that the 32-hole aircore drill program at Northern Zone intersected the mineralised host porphyry over an increasing footprint, consistently validating the broader gold mineralisation model.

All holes on the eastern extension have intersected significant gold mineralisation including the highest gold grades drilled at the project to date.

RGL has also been bolstered by the recent success of Black Cat Syndicate’s (ASX:BC8) use of a turn-key funding, development and processing package at the Myhree/Boundary open pits about 7km north of Northern Zone, which demonstrates possible ore processing scenarios.

Additionally, parallels have been drawn between the Northern Zone and Saturn Metals’ (ASX:STN) Apollo Hill project in the Eastern Goldfields that a preliminary economic assessment from August of 2023 suggested was a sizeable, low-grade heap leach operation.

The company noted that while the 118Mt at 0.53g/t gold resource at Apollo Hill served as a benchmark for its aspirations, its Northern Zone project had the potential to be even larger.

Samples from a further 11 holes are in the lab awaiting assays that will advance the Kalgoorlie East-Northern Zone towards a maiden resource estimate and mining lease approval.

Planning is also underway for a follow-up drill program.

This article was developed in collaboration with Riversgold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.