Proactive Investors - Run By Investors For Investors

Riversgold Ltd starts drilling at large Queen Lapage gold target in WA

Queen Lapage contains around 17 kilometres of the Randall Fault, which hosts a number of gold occurrences
Riversgold Ltd starts drilling at large Queen Lapage gold target in WA
Multiple large gold targets have been identified under Lake Yindarlgooda

Riversgold Ltd (ASX:RGL) has begun drilling the Queen Lapage prospect in WA’s Eastern Goldfields, one of the company’s main exploration targets in 2017.

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.

READ: Riversgold discovers two new prospects and receives strong gold results at Farr-Jones

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.

Highlights included:

  • 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

View full RGL profile View Profile

Riversgold Ltd Timeline

Related Articles

Cobalt symbol, Co
January 10 2019
The company is looking to supply its Canadian cobalt-copper to MeiDu Energy Corp.
electric car
December 21 2018
Commissioning at Sonora in Mexico is intended in 2020
1544472364_oil-worker-silhoette.jpg
December 11 2018
MGX is focused on mining, water (including mineral extraction from brines, eg, lithium) and battery mass storage

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use