THE DRILL SERGEANT: Riversgold (ASX: RGL) announced completion of first aircore drilling at the company’s 80 per cent-owned Farr-Jones project near Kalgoorlie in Western Australia.
Riversgold sai the recent drilling had returned gold results from several holes, including from the first holes drilled at the new Eales and Little targets.
Highlights from the drilling include:
12m at 1,904ppb gold from 36m, including 8m at 2,818ppb gold (Little);
4m at 1,026ppb gold from 56m (Eales); and
12m at 1,174ppb gold from 84m, including 8m at 1,732ppb gold (North Farr-Jones).
“We were previously looking at the potential for a single gold deposit at Farr-Jones, but we have now discovered oxide and/or primary gold mineralisation over 2.5 kilometres of strike beneath soil anomalies at FarrJones, Eales and Little, with a number of other soil anomalies still to test,” Riversgold managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.
“We have just scratched the surface at this exciting new gold project and are looking forward to systematically testing it with further soil sampling and drilling.”