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Riversgold Ltd.
Summary
| Project: | Yilgani | |
|---|---|---|
| Deposit: | Yilgani | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2018: Riversgold Ltd. announces an Exploration/Drilling Update report for its Yilgani deposit at the Yilgani project. Drilling results incl. 8m @ 507ppb Au from 60m. Riversgold Limited (ASX:RGL, “Riversgold”) is pleased to advise it has received all r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Kelly (Internal) | |
| ABSTRACT: | Riversgold Limited (ASX:RGL, “Riversgold”) is pleased to advise it has received all results from the recent phase 2 aircore drilling campaign at its Yilgani Project, located approximately 100km east of Kalgoorlie-Boulder, in the Eastern Goldfields of Western Australia. The new results have highlighted two large target areas for further exploration, including a potential bedrock gold target within the west of the Project area (Figure 1). Aircore drilling at Yilgani has defined a 3km long NE-trending gold anomaly that appears to be coincident with an interpreted fault seen in the regional aeromagnetic data. The anomaly is defined by several aircore results greater than 50ppb Au over 4 metre intervals (Figure 2). The best result to date from Riversgold’s drilling at Yilgani is at the southwest end of the western target zone where YLAC0224 intersected 8m @ 507ppb Au from 60-68m, (including 4m @ 730ppb Au from 60-64m), with the hole ending in sheared mafic volcanics (Figure 3). In addition, several holes on the drill section 600m north of YLAC0224 intersected a horizontal layer of regolith gold anomalism from approximately 40m below surface with YLAC0207 and YLAC0208 ending in anomalous gold associated with sheared mafic rocks +/- quartz veining (Figure 4). The zone of anomalous gold in the western target crosscuts both the NW-trending stratigraphy and surficial features, including a line of small salt lakes which links Lake Yindarlgooda with Lake Roe and masks the local geology. | |
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