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Riversgold Ltd.
Summary
| Project: | Farr Jones | |
|---|---|---|
| Deposit: | Farr Jones | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2019: Riversgold Ltd. announces an Exploration/Drilling Update report for its Farr Jones deposit at the Farr Jones project. Drilling results incl. 12m @ 1904ppb Au from 36m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise that the fi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise that the first aircore drilling completed at the Company’s 80% owned Farr-Jones Project has returned significant gold results from several holes, including from the first holes drilled at the new “Eales” and “Little” Targets (Figure 1). Riversgold’s Managing Director, Mr Allan Kelly, said the Company was excited about the results which confirmed the potential for multiple gold deposits to be delineated within the wider Farr-Jones Project. “We were previously looking at the potential for a single gold deposit at Farr-Jones, but we have now discovered oxide and/or primary gold mineralisation over 2.5km of strike beneath soil anomalies at FarrJones, Eales and Little, with a number of other soil anomalies still to test,” Mr Kelly said. “We have just scratched the surface at this exciting new gold project and are looking forward to systematically testing it with further soil sampling and drilling,” he added. Farr-Jones is located approximately 70km east of Kalgoorlie-Boulder and 20km northeast of Silver Lake Resources’ Randalls gold processing plant in the Eastern Goldfields region of WA. Riversgold became interested in the project based on historical surface geochemical surveys and one line of RAB and RC drilling completed by previous explorers during the early 1990’s. Two phases of RC drilling conducted by Riversgold during 2018 intersected high-grade gold at the “FarrJones” target including 3m @ 17.8g/t Au (see ASX Releases 2 July, 13 August, 17 October and 23 October 2018). The mineralisation has an easterly dip and is hosted in black shale to the east of the “Randall Fault”, a major structure and faulted contact with mafic rocks to the west. | |
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