Proactive Investors - Run By Investors For Investors

Riversgold hits high-grade gold up to 6.72 g/t at Farr-Jones prospect in WA’s Eastern Goldfields

The company has a portfolio of mineral exploration tenements in the Eastern Goldfields with discoveries made at the Farr-Jones and Cutler prospects, and first drilling program completed at Queen Lapage in almost 20 years.
Riversgold hits high-grade gold up to 6.72 g/t at Farr-Jones prospect in WA’s Eastern Goldfields
The project is within the wider Kurnalpi Gold Project around 120 kilometres south east of Kalgoorlie-Boulder

Riversgold Ltd (ASX:RGL) has received new high-grade gold results from its Farr-Jones and Eales prospects, upgrading the potential to host substantial gold mineralisation.

Resampling of 1 metre samples from the most recent air core program and analysis by fire assay has upgraded the air core intersections with previous exploration completed in the late 1980’s.

 

 

Farr-Jones “potential new gold camp”

Riversgold managing director Allan Kelly said the new assays indicated the potential for the Farr-Jones project to host economic grades of gold mineralisation over the 1.5-kilometre strike length between the Farr-Jones and Eales prospects.

“So far, we have defined high-grade primary gold mineralisation at Farr-Jones and North Farr-Jones including a fantastic intersection of 3 metres at 17.8 g/t in the first hole we drilled at Farr-Jones.

“Last December we tested a number of newly defined soil anomalies with air core drilling for the first time and now have drill intersections greater than 3 g/t in two in two air core holes 200 metres apart at Eales as well as anomalous supergene gold mineralisation in several other holes.

“The Farr-Jones project, along with the additional targets at Cutler and Ella, is shaping up as a potential new gold camp with the opportunity to define numerous gold occurrences adjacent to the Randall fault.”

READ: Riversgold’s maiden aircore drilling outlines strong gold potential at Queen Lapage

Results at the Farr-Jones and Eales prospects are as follows:

Farr-Jones

  • 4 metres at 0.73 g/t from 49 metres including 1 metre at 1.49 g/t; and

  • 2 metres at 1.42 g/t from 58 metres including 1 metre at 2.15 g/t.

Eales

  • 3 metres at 1.92 g/t from 56 metres including 1 metre at 3.04 g/t from hole FJAC0012; and

  • 4 metres at 1.11 g/t from 39 metres including 1 metre at 3.02 g/t from holes FJAC0015.

 

 

Earlier this month the company defined two large anomalies stretching over a combined strike length around 10 kilometres at the Queen Lapage gold prospect.

Queen Lapage, along with the company’s Farr-Jones and Cutler prospects forms part of the wider Kurnalpi project adjacent to the Randall fault.

Riversgold is planning follow-up drilling at both the Farr-Jones and Cutler prospects, where a high-grade drill intersection of 1 metre at 62.9 g/t at the northern end of the Cutler prospect has not yet been followed up.

Re-analysis of samples at the Little prospect are pending. 

- Jessica Cummins

View full RGL profile View Profile

Riversgold Ltd Timeline

Related Articles

1548906539_nevada-2.jpg
January 31 2019
Last year’s pre-feasibility study demonstrated the project’s large scale, long life and low-cost lithium production.
Lake Yindarlgooda at Riversgold’s project in the Goldfields
February 15 2019
The Eastern Goldfields is Riversgold’s focus in Western Australia while it also has ground in South Australia and Alaska.
Project map showing two JORC resources
January 22 2019
The project has upside potential for larger porphyry copper‐gold discoveries.

© 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