Riversgold Ltd. ( (AU:RGL) ) has shared an update.
Riversgold Ltd. has announced promising assay results from its recent drilling program at the Northern Zone Intrusive Hosted Gold Project near Kalgoorlie, Western Australia. The results have exceeded expectations, revealing significant gold mineralization and high-grade zones, which bolster the company’s plans for a Mineral Resource Estimate and future mining lease approval. The company is drawing parallels with Saturn Metals’ Apollo Hill Project, suggesting potential for a large-scale operation, and is planning further drilling to enhance its understanding of the project.
More about Riversgold Ltd.
Riversgold Limited is an exploration company in the mining industry, focusing on gold exploration and development. The company is primarily engaged in expanding its mineralized footprint at the Kalgoorlie East Project in Western Australia, with a focus on high-grade gold zones within a larger porphyry host.
Technical Sentiment Signal: Buy
Current Market Cap: A$7.58M
Learn more about RGL stock on TipRanks’ Stock Analysis page.