{"id":12155,"date":"2024-07-11T04:54:27","date_gmt":"2024-07-11T04:54:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=12155"},"modified":"2024-07-11T04:54:27","modified_gmt":"2024-07-11T04:54:27","slug":"riversgold-delivers-high-grade-intercept-at-potential-large-scale-wa-gold-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12155","title":{"rendered":"Riversgold delivers high-grade intercept at potential large-scale WA gold project"},"content":{"rendered":"<p>Riversgold reports up to 4.14g\/t gold at Northern Zone project in WA<br \/>\nCompany compares project to Saturn Metals\u2019 1.8Moz Apollo Hill project<br \/>\nFurther drilling is planned<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Riversgold says the latest assays from its reverse circulation drilling at the Northern Zone intrusive hosted gold project in WA have delivered gold mineralisation.<\/strong><\/p>\n<p>The project is around 26km east-south-east of the Kalgoorlie Super Pit and 175km from <a href=\"https:\/\/stockhead.com.au\/company\/saturn-metals-stn\/\"><strong>Saturn Metals\u2019 (ASX:STN)<\/strong><\/a> comparable Apollo Hill project, which has a resource estimate of 105Mt at 0.54g\/t gold, totalling 1.839Moz and a preliminary economic assessment which suggests the potential for a sizeable low-grade heap leach operation.<\/p>\n<p>Gold mineralisation was intersected both to the north and south of the company\u2019s maiden diamond drill hole traverse at the project. Best results include:<\/p>\n<p>18m at 4.14g\/t Au from 36m<br \/>\n54m at 0.38g\/t Au from 158m<br \/>\n15m at 0.66g\/t Au from 160m; and,<br \/>\n9m at 0.85g\/t Au from 176m.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/riversgold-rgl\/\"><strong>Riversgold (ASX:RGL)<\/strong><\/a> previously announced an exploration target for the project of 200-250Mt at a grade of 0.4-0.6 g\/t Au for an exploration target of 2.5-4.8Moz gold.<\/p>\n<p>The company says it sees parallels between its project and Apollo Hill, with Saturn\u2019s project development serving as a benchmark for its aspirations at Northern Zone, albeit with the potential for Northern Zone to be even larger.<\/p>\n<p>\u00a0<\/p>\n<p>Northern Zone project map showing proximity to the Kalgoorlie Super Pit. Pic via DEG<\/p>\n<p>\u00a0<\/p>\n<h2><strong>More exploration on the cards<\/strong><\/h2>\n<p>Further drilling is being planned that will extend exploration to the north-east, following the trend of the mineralised porphyry.<\/p>\n<p>\u201cThese latest results from our initial RC campaign at NZ exceed our expectations, revealing shallower supergene gold mineralisation than anticipated and delineating the southwest boundary of the gold system,\u201d RGL chairman David Lenigas said.<\/p>\n<p>\u201cOur next phase of drilling will explore extensions to the north-east, north-west, and south-east, building on our maiden diamond drilling program that encountered mineralisation reaching depths of 450m and thicknesses exceeding 150m.<\/p>\n<p>\u201cA follow-up drill program will also target an identified fault, believed to be a controlling feature of mineralisation in the area.<\/p>\n<p>\u201cThis follow-up campaign will be finalised after we receive all assays from the recent aircore program, conducted concurrently with the RC drilling.<\/p>\n<p>\u201cWe look forward to receiving these drilling results shortly.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Riversgold, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/riversgold-delivers-high-grade-intercept-at-potential-large-scale-wa-gold-project\/\">Riversgold delivers high-grade intercept at potential large-scale WA gold project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Riversgold reports up to 4.14g\/t gold at Northern Zone project in WA Company compares project to Saturn Metals\u2019 1.8Moz Apollo Hill project Further drilling is <a href=\"https:\/\/economicherald.net\/?p=12155\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12156,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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