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Riversgold Ltd.
Summary
| Project: | Luna | |
|---|---|---|
| Deposit: | Luna | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-10-2018: Riversgold Ltd. announces an Exploration/Drilling Update report for its Luna deposit at the Luna project. Drilling results incl. 13.72m @ 0.27ppm Au from 64.0m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to provide a summary of the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to provide a summary of the results from fieldwork completed during the 2018 season on the Company’s projects in southwest Alaska, USA. Riversgold has a portfolio of 100%-owned projects in the world-class Tintina Gold Province (Figure 1) and is exploring for a large intrusion-related gold (IRG) deposit such as the giant 45 million-ounce Donlin Creek gold deposit (Barrick/Novagold) approximately 150km north of the Company’s projects. The Company has recently completed its first Alaskan field season since listing on the ASX, which included geochemical and geophysical surveys over several targets along with diamond drilling at the Luna, Luna East and Quicksilver targets. All outstanding assay results have now been received. Riversgold’s Managing Director, Mr Allan Kelly, said the Company had been successful in expanding existing targets and identifying new areas of high-grade gold mineralisation including at Midway Hill. “We have now identified at least six occurrences of outcropping high-grade gold mineralisation along the North Fork and Pluton Faults, along with outcropping high-grade mineralisation at Kisa,” Mr Kelly said. “Our first field season has confirmed the importance of the North Fork Fault system as a focus for highgrade gold mineralisation and has given us a number of areas to follow up next year,” he added. The Company’s first drilling programme in Alaska was carried out during August. The proposed programme was hampered by poor weather and mechanical issues with the heli-portable drill rig. As a result, only three holes were completed, testing beneath outcropping mineralisation at Luna, Luna East and Quicksilver. A summary of anomalous results is shown in Table 1 | |
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