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Riversgold Ltd.
Summary
| Project: | Farr Jones | |
|---|---|---|
| Deposit: | Farr Jones | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2018: Riversgold Ltd. announces an Exploration/Drilling Update report for its Farr Jones deposit at the Farr Jones project. Drilling results incl. 3m @ 17.8g/t Au from 182m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to announce that the f | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to announce that the first drilling campaign at the Farr-Jones target has intersected high-grade gold mineralisation with results up to 3m @ 17.8g/t Au, including 1m @ 48.5g/t Au in FJRC0001. Farr-Jones is located approximately 7km south of the Trans-Australia rail line and 15km northeast of Silver Lake Resources’ Randalls processing plant in the Eastern Goldfields region of WA (Figure 1). Riversgold’s first drill campaign at Farr-Jones comprised seven RC holes and was designed to follow up a single line of holes drilled in 1991-92 (Figure 3). The previous drilling tested an 800m long gold-in-soil anomaly and intersected gold mineralisation over 130m down-dip in a quartz vein hosted in black shale. The mineralisation was open at depth and untested to the north or south. Results have been received for a small number of samples selected from the first three holes based on visual observations of significant sulphide mineralisation +/- quartz veining. The first drill hole, FJRC0001, intersected sulphide mineralisation and high-grade gold down dip from the historic drilling (Figures 2 and 4). The gold grade appears to be increasing with depth as follows | |
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