Riversgold secures binding option for high-grade project in Canada

Riversgold Limited (ASX:RGL) has announced the acquisition of a binding option to secure 100% of the Saint John high-grade antimony, gold, copper, and silver project in New Brunswick, Canada. The project, covering 101km2, has yielded significant rock chip results, including grades up to 10.8% Sb, 17.6% Cu, and 70.4g/t Au, and is strategically located only 50km from the USA border.

Chairman's perspective on the Saint John Project

David Lenigas, Chairman of Riversgold, expressed enthusiasm about the Saint John Project, highlighting its multiple multi-metal targets over a ~25 km zone. He emphasized the project's strategic location for near year-round exploration, excellent access to mineral exploration technical staff, and the seamless commencement of detailed exploration activities on site.

Outlook for Riversgold and the Saint John Project

Riversgold's acquisition of the Saint John Project marks a significant milestone, with the company poised for active exploration in the coming weeks. The project's impressive scale, excellent infrastructure, and the availability of modern geological survey data sets position it as a promising venture. The company's successful capital raise and R&D tax rebate further bolster its financial standing for the exploration and development of the Saint John Project. With a focus on extensive outcrop rock-chip sampling programs, trenching, and geochemical sampling, Riversgold is set to unlock the full potential of the high-grade antimony, gold, copper, and silver project in New Brunswick, Canada.