Riversgold Ltd (ASX:RGL) has submitted a drilling application to complete 2,000 metres of diamond and reverse circulation (RC) drilling at the Saint John Project’s Lepreau Prospect in Canda, focused on copper, gold and antimony mineralisation.
The company is following-up a strong rock chip result from Lepreau of 17.6% copper, 10.8% antimony, 70.4 g/t gold and 1,500 g/t silver, with a further 64 samples pending from areas of known mineralisation as well as untested areas of the tenure.
RGL will continue rock chip sampling as it awaits the Department of Natural Resources and Energy Development’s (DNRED) approval and is preparing to fly a drone-borne magnetic survey early this month.
Multiple multi-metal targets
“It is great to have the application for a maiden drilling program submitted to the Canadian DNRED,” Riversgold chair David Lenigas said.
“The application is for both RC and diamond drilling. Rock chip sampling by the local geologist also continues with further samples submitted to ALS laboratories in Moncton.
“The drone magnetic survey has been slightly delayed and will now start in early December. This will assist and potentially refine the drill program.
“The Saint John Project in New Brunswick, Canada, where multiple multi-metal targets have been identified over the ~25-kilometre strike of the project area, is ideally located for near year-round exploration – being only 5 kilometres from the city of Saint John and 50 kilometres from the US border.
“Further updates will follow from the ongoing sampling program, the drone magnetic survey that will soon be getting underway and reporting of more results from the first batch of samples submitted to ALS laboratories at the nearby city of Moncton in New Brunswick.”
RGL has submitted 27 rock chip samples to the ALS lab for multi-element analyses – in addition to 64 already being assessed – with the results to be revealed as they become available.
The company expects the drone survey results to be available before the end of the year, within two weeks from its survey flight.