Just the Facts: Riversgold advances Northern Zone toward mining licence [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Riversgold Ltd (ASX:RGL).

The company has made significant advancements at its Northern Zone Gold Project, 25 kilometres east-southeast of the Kalgoorlie Super Pit in Western Australia.

Riversgold has incorporated its drilling data into an updated Leapfrog 3D model, which will support the interpretation of gold mineralisation results and guide future exploration efforts. The updated model highlights a growing mineralisation envelope within a 600-metre-wide porphyry system that remains open in multiple directions.

Riversgold is focusing on high-grade, shallow oxide gold mineralisation, which could lead to additional reverse circulation (RC) and diamond drilling, expediting progress toward a maiden mineral resource estimate (MRE).

Key results from a recent 26-hole aircore drilling program include 8 metres at 4.86 g/t gold from 34 metres and 1 metre at 5.72 g/t from 33 metres.

The company is preparing a mining licence application and evaluating processing strategies.

Riversgold …