Should be 2 weeks or so down. Can't do much but wait and see...

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unlucky_bacs

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02/11/17

10:42

Post #: 28429155
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Originally posted by jimmy slade ↑

From announcement 17/10

Following the successful IPO and recent listing on the ASX, Riversgold has mobilised field staff in preparation for its maiden drilling campaign. The program will be conducted on the Yilgani Project which contains approximately 30km of strike of a major N-S trending regional structure, the “Yilgangi Fault”. The local geology within Riversgold’s Yilgani tenements is interpreted to represent the westerly dipping western limb of a regional antiform, with the easterly dipping eastern limb hosting the recently discovered “Lake Roe” gold deposit currently being explored by Breaker Resources Limited (Figure 1). Significantly, approximately 15km of strike of the Yilgangi Fault within the southern 50% of Riversgold’s Yilgani Project has had no previous drilling, despite the presence of historic auger gold anomalism. Riversgold’s maiden drilling campaign will therefore comprise a series of wide-spaced, east-west oriented reconnaissance traverses of air core drilling, testing the potential for bedrock gold anomalism along this major structure. The initial program is expected to take approximately three weeks to complete.

They should be in full swing with the drilling programme now...

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Should be 2 weeks or so down. Can't do much but wait and see now. Let's hope for some good news!

RGL Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Should be 2 weeks or so down. Can't do much but wait and see...

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Should be 2 weeks or so down. Can't do much but wait and see...

Top Stories

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$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

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