Riversgold resumes drilling at Northern Zone Gold Project

Riversgold Limited (ASX: $RGL) has announced the resumption of drilling at the Northern Zone Intrusive Hosted Gold Project, located 25km east of Kalgoorlie in Western Australia. The drilling aims to target the shallower, up dip portion of the mineralised system that previously yielded a significant intercept of 18m at 4.14g/t Au from 36m (NZRC001). The project has an Exploration Target of 200 to 250 million tonnes at a grade of 0.4 g/t to 0.6 g/t Au for an Exploration Target of 2.5 to 4.8 million oz of gold.

Executive Commentary on Northern Zone Drilling Resumption

It is great to be back out at Northen Zone so quickly after the recent success of our maiden RC and AC campaigns that exceeded our expectations by revealing shallower supergene gold mineralisation. This new phase of drilling will target extensions to the first RC drill hole RGL drilled that intersected an impressive 18m at 4.14g/t Au from 36m (NZRC001). We will also target an identified fault, believed to be a controlling feature of mineralisation in the area. This next drilling phase is about 1,500m to depths of typically 60m-70m and is estimated to take about 2 weeks and we look forward to the results.

Summary of Northern Zone Gold Project Resumption

Riversgold Limited (ASX: $RGL) has resumed drilling at the Northern Zone Intrusive Hosted Gold Project, targeting the shallower, up dip portion of the mineralised system. The project has an Exploration Target of 200 to 250 million tonnes at a grade of 0.4 g/t to 0.6 g/t Au for an Exploration Target of 2.5 to 4.8 million oz of gold. The company's Chairman, David Lenigas, expressed enthusiasm for the new phase of drilling, which aims to target extensions to the previous successful drill hole and an identified fault believed to be a controlling feature of mineralisation in the area. The project's proximity to the Kalgoorlie Super Pit and the similarities drawn with Saturn Metals' Apollo Hill Project provide an optimistic outlook for the potential of the Northern Zone Project.