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Riversgold Ltd.
Summary
| Project: | Yilgani | |
|---|---|---|
| Deposit: | Yilgani | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-4-2018: Riversgold Ltd. announces an Exploration/Drilling Update report for its Yilgani deposit at the Yilgani project. Drilling results incl. 4m @ 1.73g/t Au from 72m. Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to report on the results of | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX: RGL, “Riversgold”) is pleased to report on the results of the recent aircore drilling campaign at its Yilgani Project, located approximately 100km east of Kalgoorlie-Boulder, in the Eastern Goldfields of Western Australia. The Yilgani Project contains approximately 25km of the Yilgangi Fault, which hosts gold mineralisation at the Pinnacles and Carosue Dam gold deposits to the north. Riversgold has conducted three programmes of aircore drilling at Yilgani, so far, and has outlined three potential gold targets (Figure 1). Aircore drilling of the “West Target” was completed on 300m spaced lines with holes at 100-200m intervals along the lines and drilled vertically to “refusal”. The holes aimed to follow up a NE-trending gold anomaly outlined by the previous drilling campaign (see ASX release dated 7 February 2018). Assays from the recent drilling campaign have outlined a 2.6km long zone of gold and pathfinder anomalism which closely follows the NE-trending structures interpreted from both regional aeromagnetic data and the recently completed project-wide gravity survey (see ASX release dated 28 March 2018). These bedrock structures are cross-cut by a paleochannel and a series of small claypans (Figure 2). Locations of all drill holes are listed in Table 1 with schematic cross sections attached as Figures 3 – 6. The NE-trending gold anomalism is associated with weathered mafic rocks whilst disseminated pyrite is observed in YLAC0335 and YLAC0356. The best assay result, from YLAC0346 (4m @ 658ppb Au with a repeat assay of 4m @ 1.73g/t Au), is located at the contact between channel sands and mafic saprolite with disseminated pyrite. | |
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