Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Riversgold Ltd (ASX:RGL).
The company recently completed a site visit to its Saint John Project, a high-grade copper, gold, antimony and silver property in New Brunswick, Canada.
During the visit, the team collected 64 rock chip samples from established and new mineralisation zones.
Reported grades in the area have reached up to 17.6% copper, 70 g/t gold, 10% antimony and 1,500 g/t silver.
The company has engaged a local geologist to continue sampling, aiming to broaden exploration coverage across the property.
The project site is reported to have easy access, allowing for nearly year-round exploration.
Riversgold plans to conduct a drone magnetic survey over the Little Lepreau prospect in mid-November, with processed results expected two weeks after the survey. Additionally, the first batch of samples has been submitted to ALS Laboratories in Moncton with results to follow.