The initial aircore drilling program will comprise around 200 holes on an 800 metre by 200-metre grid and is expected to take three weeks to complete.
Hallmarks of “highly prospective gold target”
Riversgold managing director Allan Kelly said: “We believe Queen Lapage has all the hallmarks of a highly prospective gold target and the scale to potentially host multiple gold deposits along the Randall Shear Zone.”
Historical drilling, anomalous gold
Historical shallow drilling has also intersected anomalous gold at several locations within an interpreted shear zone to the west of Randall Fault, although the drilling was sporadic and limited to islands within the lake.
Local geology is characterised by a north-northwest trending package of mafic/ultramafic rocks and clastic sediments separated by a faulted contact, like that seen in the company’s Farr-Jones prospect.
Last week the company discovered two new prospects at Farr-Jones, which returned strong gold results confirming the potential for multiple gold deposits to be delineated.
12 metres at 1,904ppb gold from 36 metres, including 8 metres at 2,818ppb from Little;
4 metres at 1,026ppb from 56 metres from Eales;
12 metres at 1,174ppb from 84 metres, including 8 metres at 1,732ppb from North Farr-Jones
- Jessica Cummins