And I particularly like the fact that RGL has retained 100% of what looks to be a very strategic location, Geology , and preliminary findings of the Midway tenements - which appear to have been excluded from this particular deal.....So plenty more to come from the Alaskan ventures.
MidwayDuring the year, the Company staked a number of new State of Alaska Mining Claims overthe “Midway Hill” target (Midway), in southwest Alaska USA, following receipt of multiplenew high-grade gold results, up to 11.65g/t Au, from rock chips collected as part of the 2018Alaskan fieldwork programme.Midway is located within the mineralised North Fork Fault, approximately halfway betweenthe Company’s existing Quicksilver and Gemuk Mountain targets (Figure 9). The new claimsadd to Riversgold’s strategic landholding on the North Fork Fault, with at least sixoccurrences of high-grade gold mineralisation identified over the almost 40km length of thestructure.Reconnaissance mapping and prospecting at Midway Hill identified numerous outcroppingquartz veins (Figures 14 and 15) with sulphide mineralisation and classic epithermaltextures.
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Ann: CASH AND US$5M EARN-IN & JOINT VENTURE AGREEMENT FOR ALASKA, page-6
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