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Riversgold Ltd.
Summary
| Project: | Queen Lapage | |
|---|---|---|
| Deposit: | Queen Lapage | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2019: Riversgold Ltd. announces an Exploration/Drilling Update report for its Queen Lapage deposit at the Queen Lapage project. Drilling results incl. 4m @ 869ppb Au from 32m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise that it h | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to advise that it has now received all results from the maiden aircore lake drilling campaign at the Queen Lapage project in the Eastern Goldfields of WA, where it has outlined regolith gold anomalism stretching over approximately 11 kilometres thereby confirming the potential for discovery of significant gold mineralisation under Lake Yindarlgooda. The maiden aircore lake drilling campaign consisted of 156 aircore holes on a nominal 800m x 200m spaced grid, with holes drilled on the surface of the lake itself using a specialised lake drilling rig. Further to the ASX Release on 14 February 2019, assays for the second half of the programme included several significant new gold results as follows1 Combined with the historic drilling previously conducted on islands within the lake, the recent drilling programme has now outlined coherent regolith gold anomalism over approximately 11 kilometres of strike length with several of the anomalies open at depth and in at least one direction. In addition, there is a further five kilometres of the same structure to the south of the lake which has never been drilled. The gold anomalism has a general NW-SE trend, in line with the local geology, however there is also a suggestion of a NE-SW trending anomaly in the southern part of the project area which is parallel to cross-cutting faults interpreted from aeromagnetic data. Riversgold’s Managing Director, Mr Allan Kelly, said the Company was excited about the scale and tenor of the gold anomalism outlined by the first ever lake drilling campaign at Queen Lapage. “We have now outlined several very large areas of coherent regolith gold anomalism in consecutive drill holes and across multiple widely spaced drill lines at Queen Lapage,” Mr Kelly said. “These are very large gold anomalies that appear to be associated with bedrock features interpreted from the regional aeromagnetic data and any one of them is large enough to indicate the presence of a significant gold deposit under the lake,” he added. | |
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