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Riversgold defines gold structure at Cutler prospect with further high-grade results

The company has completed six RC holes, returning high-grade results that will shore up the size and extent of mineralisation.
hand holding nugget of gold
Approval has been received for follow-up drilling at Cutler

Riversgold Ltd (ASX:RGL) has received further high-grade gold assays from a follow-up reverse circulation (RC) drill program at the Cutler prospect in Western Australia.

One hole towards the northern end of the prospect returned 1 metre at 62.9 g/t from 129 metres, with the drill bit intersecting the Cutler structure and returning an expected high-grade result.

Grades recorded so far have strengthened the concept of northerly plunging gold mineralisation and confirmed the presence of a mineralised structure over at least 500 metres of strike.

 

Riversgold managing director Alan Kelly said the 62.9 g/t intersection was from one of the deeper holes drilled at Cutler to date and had significant implications for the potential size of the target.

He said regarding a previously drilled hole: “It looks like [the hole] did not effectively test the Cutler structure, which means the gold mineralisation remains open down-plunge to the north, potentially for a significant distance.”

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

Other highlights from the program include: 1 metre at 4.63 g/t; 3 metres at 1.29 g/t; and 10 metres at 0.85 g/t, including 3 metres at 1.44 g/t.

These results were intersected in a 30-metre wide zone of gold anomalism from 117-148 metres.

The hole that returned the high-grade intercept of 62.9 g/t also hit further mineralisation deeper down, intersecting 3 metres at 2.19 g/t from 145 metres.

A third hole encountered shallow high-grade oxide mineralisation with an assay of 4 metres at 5.31 g/t.

This hole also intersected the Cutler structure, returning further assays of: 5 metres at 0.88 g/t from 107 metres, including 2 metres at 1.53 g/t from 110 metres.

READ: Riversgold mobilises for first drilling at Luna-Quicksilver project in Alaska

Riversgold has recently received a program of work approval for further follow-up drilling at Cutler, which will start following completion of its Alaskan drilling campaign.

The Cutler prospect is near the Randalls processing plant owned by Silver Lake Resources Ltd (ASX:SLR), in the Eastern Goldfields region of Western Australia.

It is one of several targets identified from historical surface geochemical surveys completed during the late 1980s to early 1990s.

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