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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.008 0.001 (14.29%)+
Announcement
Release
6 Nov 2025 9:04AM
Price at Release
$0.007
Full Release
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Summary
Riversgold Limited (ASX: RGL) has completed grade control drilling at its Kalgoorlie Gold Project, which includes the Northern Zone and the newly acquired Gold Wing Project located 25 km east of the Kalgoorlie Super Pit. The Northern Zone saw the completion of 21 drill holes totaling 1,351 metres with 931 samples, while Gold Wing had 8 drill holes over 330 metres with 330 samples. The next phase of drilling is set to begin on 17 November following approval for 150 more drill holes at Gold Wing by the Department of Mines, Petroleum and Exploration. The initial phase of drilling utilized a grade control rig, and results from the current samples are expected over the next 3-4 weeks. Riversgold aims to refine its understanding of the mineralization limits within these zones, which feature high background gold and horizontal mineralized units. Chairman David Lenigas emphasized the company's progress in delivering on its drilling plans and anticipates further positive outcomes as they prepare for a maiden Mineral Resource Estimate.
Key Points
  • Drilling with grade control rig completed at Kalgoorlie Gold Project.
  • Northern Zone: 21 drill holes, 1,351 metres, 931 samples.
  • Gold Wing: 8 drill holes, 330 metres, 330 samples.
  • Next drilling phase starts 17 November.
  • 150 additional drill holes approved at Gold Wing.
  • Results expected in 3-4 weeks.
  • Northern Zone has high background gold in a porphyry unit.
  • Gold Wing has never been drilled before; previous work by prospectors.
  • Preparation for a maiden Mineral Resource Estimate underway.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.