Riversgold Ltd

Riversgold finds rock chips up to 90 g/t gold at Gemuk project in Alaska

The discovery adds to historic sampling work that initially identified the mineralised zone.

Riversgold's Alaskan projects and targets

Riversgold Ltd (ASX:RGL) has found high-grade gold in rock chip samples grading up to 90 g/t gold at its Gemuk Mountain Project in Alaska, 15 kilometres northeast of its Luna-Quicksilver (LQ) prospect.

The company has also outlined a potential second highly-anomalous target zone with soil results up to 1.27 g/t.

Gemuk is at the north-eastern end of the North Fork fault, a regional structure which hosts outcropping high-grade gold mineralisation at the LQ prospect.

READ: Riversgold’s drilling at Farr-Jones prospect delivering more high-grade gold

Riversgold managing director Allan Kelly said the results at Gemuk confirmed the importance of the North Fork fault and the Pluton fault as a focus for high-grade gold mineralisation.

“We now have at tenure over four high-grade gold occurrences within the North Fork fault over at least 32 kilometres of strike.

“Anyone of these prospects has the potential to develop into a large intrusion-related gold deposit and we look forward to continuing to outline the opportunities in the next field season.”

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

The company staked several state-owned mining claims over Gemuk in early 2018 following up a number of historical high-grade rock chip results grading up to 100 g/t gold.

These results were from within the Pluton fault, a structure parallel to the North Fork fault.

Recently completed rock chip, ridge and spur soil sampling over Gemuk has extended the area of mineralisation along the Pluton fault to around 2 kilometres while soil sampling has outlined a potential second zone of mineralisation south of Pluton.

Further sampling, along with detailed helimagnetic surveys, is planned for the 2019 field season.

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