Riversgold identifies 6000-metre gold-bearing porphyry system at Northern Zone

Riversgold Ltd (ASX:RGL) chairman David Lenigas joins Proactive’s Tylah Tully to discuss exploration at the company’s Northern Zone Intrusive Hosted Gold Project in Western Australia, where it has identified a gold-bearing porphyry system extending over 600 metres of strike. The company's aircore drilling campaign has completed 30 holes, with results from the first eight confirming the presence of significant mineralisation. The remaining 22 drill results are pending. The system, still being defined, could potentially be larger than initially expected. Riversgold chair David Lenigas noted that geological modelling supports the presence of substantial gold, with some sections extending up to 600 metres in width. The company is planning further drilling to better explore the porphyry system, which remains open in several directions. Initial results from this round of drilling revealed gold grades of 4 metres at 1.05 g/t gold from 30 metres and 5 metres at 1.5 g/t gold from 30 metres. Previous drilling campaigns showed broader intersections, including 16 metres at 4.69 g/t gold and other significant finds. Riversgold aims to continue exploration to gain further insight into the system before determining a mineral resource estimate. The proximity to Saturn Metals’ Apollo Hill Gold Project suggests potential for a large-scale heap leach operation. #ProactiveInvestors #Riversgold #GoldExploration #PorphyrySystem #NorthernZoneProject #WesternAustralia #GoldMineralisation #AircoreDrilling #Kalgoorlie #MiningNews #GoldProject #ResourceEstimate #GoldGrades #GeologicalModelling #SaturnMetals #ApolloHill #HeapLeach #GoldMining #ExplorationDrilling #GoldProspecting #MineralExploration #ASX #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews