THE DRILL SERGEANT: Riversgold (ASX: RGL) received new high-grade gold results from recent drilling at the company’s 80 per cent-owned Farr-Jones gold prospect in the Eastern Goldfields of Western Australia.
Resampling of one metre samples from the company’s most recent aircore program and analysis by fire assay returned results of up to 1m at 6.72 grams per tonne gold.
Further results included the upgrading of aircore intersections at the Farr-Jones and Eales prospects of:
4 metres at 0.73g/t gold from 49m, including 1m at 1.49g/t gold;
2m at 1.42g/t gold from 58m, including 1m at 2.15g/t gold.
FJAC0007 (North Farr-Jones)
1m at 1.76g/t gold from 45m;
6m at 2.03g/t gold from 85m, including 1m at 6.72g/t gold and 1m at 2.8g/t gold.
3m at 1.92g/t gold from 56m, including 1m at 3.04g/t gold.
4m at 1.11g/t gold from 39m, including 1m at 3.02g/t gold.
The company indicated it was awaiting re-analysis of samples from the Little prospect.
“The new assays indicate the potential for the FarrJones project to host economic grades of gold mineralisation over at least the 1.5-kilometre strike length between the Farr-Jones and Eales prospects,” Riversgold managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.
“So far, we have defined high-grade primary gold mineralisation at Farr-Jones and North Farr-Jones, including a fantastic intersection of 3m at 17.8g/t gold in the first hole we drilled at Farr-Jones.
“Last December, we tested a number of newly defined soil anomalies with aircore drilling for the first time and now have drill intersections greater than 3g/t gold in two aircore holes 200 metres apart at Eales as well as anomalous supergene gold mineralisation in several other holes.
“The Farr-Jones project, along with additional targets at Cutler and Ella, is shaping up as a potential new gold camp with the opportunity to define numerous gold occurrences adjacent to the Randall Fault.”
Riversgold is planning follow-up drilling at both the Farr-Jones and Cutler prospects, where a high-grade drill intersection of 1m at 62.9g/t gold at the northern end of the Cutler prospect has not yet been followed up.