Riverina underground news … must be soon

Given we are now in February, we don’t have long to wait for some substantive news on the Riverina underground resources and ambitions.

Quarterly has said …

Strong exploration results from Riverina Underground continued to expand and enhance the Riverina system for underground mining potential and the Company remains on track to release an updated underground resource in February (see ASX release on 7 December 2022)

Key takeaways from the drilling were that:
- The High-grade Main Lode & Murchison Lode extended south and at depth;
- An additional parallel system known as Reggies Lode was identified to the East;
- Drilling significantly extended Riverina’s high-grade mineralisation more than 100m to the south and 100m vertically.
- The deposit remains open in all directions;
- The exciting results to date (29 holes from a 46 diamond hole program) have doubled the depth of known mineralisation from 240m to 480m;
- The deepest hole drilled to date has intersected visible gold returning 1.0m @ 14.6g/t (Main Lode East) and 1.4m @ 14.2g/t (Main Lode West) at 480 vertical metres below surface.
- The exploration window and plunge continuity at depth remains untested by drilling;
- The deepest hole drilled to date on the Murchison Lode has intersected visible gold returning 0.7m @ 26.1g/t at a depth of 410 vertical metres - again further enhancing the exploration window at depth and along plunge.