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Riversgold Ltd

Riversgold Ltd mobilises for first drilling at Luna/Quicksilver project in Alaska

The project in Tintina Gold Province has never been drilled but has returned rock chips grading 90 g/t gold.

The Luna outcrop which featurtes quartz-sulphide veins to be drill-tested in July and August
The Luna outcrop’s quartz-sulphide veins will be drill-tested in July and August

Riversgold Ltd (ASX:RGL) is on track to diamond-drill its Luna/Quicksilver gold and polymetallic project in Alaska later this month after competing an IP survey over the Luna and Luna East targets.

The explorer has also collected a number geochemical samples from the surface of Luna/Quicksilver and at Gemuk, another of its three projects in the Tintina Gold Province.

READ: Riversgold intersects high-grade gold mineralisation at Farr-Jones

Riversgold will mobilise a helicopter-portable diamond drill at Luna/Quicksilver in late July and August to drill-test various targets at the site for the first time.

The company said its three Tintina province projects had only been “sporadically explored” and only the Kisa project had been drilled.

READ: Riversgold accelerates drilling in West Australia ahead of Alaskan field season

Riversgold has received high-grade results from rock chips, including 64.7 g/t gold at Luna target; 1.2% copper and 90 g/t gold at Luna East; 1.237 g/t at Quicksilver; 100 g/t at Gemuk Mountain; and 8 g/t at Kisa.

The company debuted on the Australian Securities Exchange in October and also has a number of gold exploration projects in the Eastern Goldfields of Western Australia and the Gawler Craton of South Australia.

Riversgold has applications pending for tenements in Cambodia, near the 1 million-ounce Okvau gold deposit.

Quick facts: Riversgold Ltd

Price: $0.02

Market: ASX
Market Cap: $1.71 m
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