Riversgold expanding Eastern Goldfields presence

RIVERSGOLD has acquired a new project and inked a new farm-in agreement to increase its landholding at Kurnalpi North in Western Australia’s Eastern Goldfields.

Riversgold expanding Eastern Goldfields presence Riversgold expanding Eastern Goldfields presence Riversgold expanding Eastern Goldfields presence Riversgold expanding Eastern Goldfields presence Riversgold expanding Eastern Goldfields presence

The company reached agreement with private company Westex Resources to acquire the Cutler prospect for A$37,500 cash, 450,000 shares and 450,000 20c options expiring in two years.

Cutler is adjacent to Riversgold’s existing Farr-Jones prospect, with both discovered in the early 1990s but have had little to no exploration since.

Historical high-grade results include 10m at 11 grams per tonne gold from 24m, including 2m at 44gpt; 6m at 11.1gpt gold from 53, including 1m at 34.5gpt; 2m at 10.41gpt gold from 28m; and 1m at 19.25gpt gold from 54m.

Mineralisation has been intersected over a 600m strike length but gold anomalism intersected in rotary air blast drilling takes the total strike length of ...