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Riversgold Ltd.
Summary
| Project: | Cutler | |
|---|---|---|
| Deposit: | Cutler | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2018: Riversgold Ltd. announces an Exploration/Drilling Update report for its Cutler deposit at the Cutler project. Drilling results incl. 1m @ 62.92g/t Au from 129m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to provide an update on rece | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to provide an update on recent drilling at its Cutler prospect in Western Australia, where it has intersected high-grade gold mineralisation (1m @ 62.9g/t Au from 129m) in a drill hole at the northern end of the current drilling coverage. The Cutler prospect is located approximately northeast of Silver Lake Resources’ Randalls processing plant in the Eastern Goldfields region of WA (Figure 1) and is one of several targets identified from historical surface geochemical surveys completed during the late 1980’s – early 1990’s. The initial drilling programme at Cutler returned a number of high-grade oxide gold results, as well as confirming the presence of a mineralised structure over at least 500m of strike (see ASX release dated 8 June 2018). Follow up drilling comprising six RC holes has recently been completed (Figure 2). Riversgold’s Managing Director, Mr Allan Kelly, said the recent results strengthened the concept of northerly plunging gold mineralisation within the Cutler structure and that the intersection in hole CURC0014 had significant implications for the potential size of the Cutler target. “This high-grade intersection in CURC0014 is from one of the deeper holes drilled at Cutler to date and at the northern edge of the current drill pattern,” Mr Kelly said. “It looks like CURC0006 did not effectively test the Cutler structure, which means the gold mineralisation remains open down-plunge to the north, potentially for a significant distance,” he added. The Company advises it has recently received approval of a Programme of Work (POW) for further follow-up drilling at Cutler, which will commence following completion of the Alaskan drilling campaign | |
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