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Riversgold Ltd.
Summary
| Project: | Farr Jones | |
|---|---|---|
| Deposit: | Farr Jones, Eales | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2019: Riversgold Ltd. announces an Exploration/Drilling Update report for its Farr Jones, Eales deposit at the Farr Jones project. Resampling results incl. 6m @ 2.03g/t Au from 85m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise that it has received a number of new high-grade gold results, up to 1m @ 6.72g/t Au, from its Farr-Jones gold prospect (RGL 80%) in the Eastern Goldfields of Western Australia. Re-analysis of samples from the Little prospect are pending. Riversgold’s Managing Director, Mr Allan Kelly, said the new assays indicated the potential for the FarrJones project to host economic grades of gold mineralisation over at least the 1.5km 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 3m @ 17.8g/t Au in the first hole we drilled at Farr-Jones,” Mr Kelly said. “Last December, we tested a number of newly defined soil anomalies with aircore drilling for the first time and now have drill intersections greater than 3g/t Au in two aircore holes 200m apart at Eales as well as anomalous supergene gold mineralisation in several other holes.” “The Farr-Jones project, along with 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,” Mr Kelly said. The Company is planning follow-up drilling at both the Farr-Jones and Cutler prospects, where a highgrade drill intersection of 1m @ 62.9g/t Au at the northern end of the Cutler prospect has not yet been followed up (see ASX Release dated 25 July 2018). | |
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