Riversgold's Northern Zone Project advancements

Riversgold (ASX:RGL) has released an update on their Northern Zone Gold Project, located near Kalgoorlie, Western Australia. The company is integrating new drilling data into an updated Leapfrog gold mineralisation model. This model is crucial for guiding future drilling campaigns to mature and expand the project.

Riversgold's strategic plans and future outlook

Riversgold Ltd is making significant strides with their Northern Zone Gold Project. The integration of drilling data into a new Leapfrog model marks a pivotal step in maturing the project. The discovery of a high-grade oxide zone within a wide porphyry system, still open in multiple directions, paves the way for further exploration. The company plans to apply for a mining license soon, inspired by processing scenarios similar to nearby operations, which could streamline their path to production. Key intercepts from drilling have shown promising gold mineralisation, and Riversgold aims to expedite their journey towards a maiden Mineral Resource Estimate. Their strategic position near the Kalgoorlie Super Pit and successful conversion to a Mining Lease could significantly enhance their development prospects.

Executive insights on project development

The growing mineralisation envelope and the potential for future drilling to expedite the project towards a maiden Mineral Resource Estimate (MRE) is encouraging. Drawing parallels with Saturn Metals' Apollo Hill Project suggests potential for a sizeable low-grade heap leach operation at the Northern Zone.