Riversgold Limited continues to expand its northern zone results riversgold ltd through impressive drilling outcomes at the Northern Zone Gold Project, situated within the company's broader Kalgoorlie Gold Project just 25km east of Australia's renowned Super Pit. The latest assay results demonstrate significant gold mineralisation expansion, featuring standout intercepts of 3m at 4.39 g/t Au alongside multiple broad zones of consistent mineralisation.
The company has successfully received assay results from the initial 6 holes of its October 2025 21-hole programme, with 15 additional holes still awaiting results. These northern zone results riversgold ltd form part of a comprehensive two-phase drilling strategy aimed at expanding oxide zone mineralisation ahead of planned mining operations with partner MEGA Resources in the first half of 2026.
Outstanding Results Drive Project Expansion
The latest batch of assay results has delivered several high-grade intercepts that validate Riversgold's geological model and demonstrate the project's growing potential. Furthermore, these results continue to expand the mineralisation footprint northwards and eastwards, indicating the potential for a substantial gold system.
| Hole ID | Intercept | Grade (g/t Au) | Significance |
|---|---|---|---|
| NZAC149 | 3m at 4.39 g/t Au from 45m | 4.39 g/t | Includes 1m at 11.78 g/t Au |
| NZAC146 | 9m at 1.33 g/t Au from 56m | 1.33 g/t | Longest intercept in current programme |
| NZAC150 | 3m at 1.89 g/t Au from 48m | 1.89 g/t | Multiple zones in same hole |
| NZAC150 | 5m at 1.75 g/t Au from 61m | 1.75 g/t | Including 2m at 3.49 g/t Au |
| NZAC151 | 4m at 0.83 g/t Au from 47m | 0.83 g/t | Consistent grade zone |
The results demonstrate consistent gold mineralisation across multiple drill holes, with five of the six holes returning significant intercepts. In addition, these northern zone results riversgold ltd showcase the systematic expansion of the gold system's footprint.
Chairman Commentary
"The results from this first batch of assays results continue to expand the lateral footprint of Northern Zone and we are achieving the goal of making the project bigger in the oxide zone. We continue to keep delivering great results, and everything is going to plan as we expand the mineralised footprint of the Kalgoorlie Gold Project," said David Lenigas, Chairman.
Understanding Intrusion-Related Gold Systems: What Makes Northern Zone Special
Intrusion-Related Gold Systems (IRGS) represent some of the world's most significant gold deposits, characterised by gold mineralisation associated with intrusive igneous rocks. At Northern Zone, the gold is reported to be hosted within a Tonalite-Trondhjemite Intrusion (TTI), which creates ideal conditions for gold concentration.
Key characteristics that make IRGS deposits attractive to investors:
- Large-scale potential: IRGS deposits can host millions of ounces of gold
- Predictable geology: The intrusive host rock provides structural control for mineralisation
- Multiple mineralisation styles: Both high-grade zones and broad lower-grade halos
- Oxide zone advantages: Near-surface oxidised material is easier and cheaper to process
The Northern Zone sits within the Canon Shear fault zone, a major structural feature that has concentrated gold mineralisation. Moreover, the horizontal nature of the mineralisation means that vertical drilling provides true width measurements, giving investors confidence in reported intercept widths.
Industry Context: The project's location just 25km from Kalgoorlie's Super Pit places it within one of Australia's most prolific gold regions, where geological conditions have proven capable of hosting world-class deposits.
Accelerated Drilling Campaign Targets 2026 Mining Start
Riversgold is currently executing an ambitious two-phase drilling strategy designed to rapidly expand the resource base and support near-term mining operations. Consequently, these northern zone results riversgold ltd provide critical data for mine planning and resource definition.
Phase 1: October 2025 Programme (21 holes)
- Status: 6 holes completed and assayed
- Results: 15 additional holes pending results
- Timeline: Results expected over next 6-8 weeks
Phase 2: November 2025 Programme (40 holes)
- Status: 12 holes completed to date
- Target: Grade control drilling to support mining scenario
- Purpose: Define high-grade zones within broader mineralised system
| Programme Element | Details | Timeline |
|---|---|---|
| Total planned holes | 61 holes across both programmes | Q4 2025 |
| Drilling technique | Grade control vertical drilling | Ongoing |
| Target depth | Top 50-60m oxide zone | Optimised for mining |
| Results reporting | Rolling basis as received | Next 6-8 weeks |
The drilling is specifically targeting the oxide zone mineralisation in the top 50-60 metres, which offers several advantages for mining operations. Furthermore, this approach provides multiple benefits for development:
- No water encountered in drilling to 60m depth
- Suitable for open-pit mining methods
- Lower processing costs for oxidised material
- Faster path to production
Strategic Partnership Positions Project for Near-Term Production
Riversgold's partnership with MEGA Resources represents a key competitive advantage, providing a clear pathway from exploration to production. However, the drilling data being generated will be directly used by MEGA Resources for mine planning, streamlining the development process.
Partnership Benefits:
- Shared expertise in mining and processing
- Accelerated development timeline
- Reduced capital requirements for Riversgold
- Near-term production target of H1 2026
The company plans to complete a maiden Mineral Resource Estimate (MRE) following completion of current drilling programmes. In addition, this will provide investors with a JORC-compliant resource statement to underpin the mining scenario.
3D Geological Modelling: Riversgold is utilising advanced Leapfrog software to create detailed 3D models of the gold mineralisation, enabling precise targeting of future drilling and optimised mine planning.
Investment Thesis: Why Northern Zone Demands Attention
The Northern Zone Gold Project presents a compelling investment proposition built on several key pillars. Moreover, the consistent delivery of high-grade results reinforces the investment case.
1. Proven Gold System with Expansion Potential
- Consistent results across multiple drilling campaigns
- Expanding footprint with each new programme
- High-grade zones within broader mineralised system
- Shallow oxide mineralisation ideal for low-cost mining
2. Strategic Location Advantage
- 25km from Kalgoorlie Super Pit – proven geological terrane
- Excellent infrastructure access in established mining region
- Skilled workforce and service providers readily available
- Established gold processing facilities in region
3. Clear Path to Production
- Partnership with MEGA Resources provides mining expertise
- Target mining start in H1 2026
- Grade control drilling already underway
- Oxide zone focus enables lower-cost processing
4. Systematic Exploration Approach
- 61-hole drilling programme across two phases
- 3D geological modelling using industry-standard software
- Competent person oversight ensures JORC compliance
- Regular news flow with results expected over 6-8 weeks
Financial Considerations: The systematic approach to resource definition positions the company for a robust maiden resource estimate. Furthermore, the partnership structure reduces capital requirements and accelerates development timelines.
Multiple Catalysts Drive Near-Term Value Creation
Riversgold shareholders can expect significant news flow over the coming months, with multiple value-creating milestones on the horizon. However, the immediate focus remains on delivering consistent drilling results.
Immediate Catalysts (Next 6-8 weeks):
- 15 additional assay results from October drilling programme
- Ongoing results from November 40-hole programme
- Updated 3D geological model incorporating all new data
- Expanded mineralisation footprint definition
Medium-Term Milestones (Q1-Q2 2026):
- Maiden Mineral Resource Estimate completion
- Mine planning finalisation with MEGA Resources
- Mining operations commencement target H1 2026
- Resource expansion through continued exploration
Strategic Developments:
- Additional tenure opportunities in Kalgoorlie region
- Resource optimisation studies
- Processing pathway finalisation
- Production planning milestones
| Milestone | Expected Timeline | Impact |
|---|---|---|
| Remaining assay results | Next 6-8 weeks | Resource expansion |
| Maiden MRE | Q1 2026 | JORC resource statement |
| Mining commencement | H1 2026 | Revenue generation |
Why Investors Should Track Riversgold's Progress
The Northern Zone Gold Project represents a rare combination of proven geology, strategic location, and clear development pathway that positions Riversgold as a compelling gold exploration story with near-term production potential. In addition, the systematic approach to drilling ensures continuous value creation.
Key Tracking Points for Investors:
✓ Consistent Delivery: Regular high-grade results demonstrate reliable geological model
✓ Systematic Growth: Each drilling programme expands the known mineralisation footprint
✓ Strategic Location: Prime position in Australia's premier gold region
✓ Clear Timeline: Defined path to production within 12-18 months
✓ Partnership Advantage: MEGA Resources relationship de-risks development
The company's dual-phase drilling approach ensures continuous news flow while building toward a substantial resource base. With 61 holes planned across both programmes and results flowing over the next 6-8 weeks, investors can expect regular updates on the project's evolution.
Market Context: In an environment where quality gold projects with near-term production potential command premium valuations, Riversgold's systematic approach to resource development and strategic partnerships positions it favourably for continued re-rating.
Investment Highlight
With 25km proximity to the Kalgoorlie Super Pit, proven high-grade gold intercepts, and a clear pathway to production in H1 2026, Riversgold offers investors exposure to a rapidly advancing gold project in one of Australia's most prolific gold regions. The ongoing 61-hole drilling campaign provides multiple upcoming catalysts for value creation.
Ready to Explore Riversgold's Gold Discovery Potential?
With 15 additional assay results pending from the Northern Zone drilling programme and a clear pathway to production by H1 2026, Riversgold Limited presents a compelling opportunity for investors seeking exposure to a rapidly advancing gold project in Australia's premier mining region. The company's systematic 61-hole drilling campaign, strategic partnership with MEGA Resources, and proximity to Kalgoorlie's world-renowned Super Pit position it uniquely for near-term value creation. Discover how Riversgold's expanding gold system and accelerated development timeline could fit into your investment portfolio by visiting www.riversgold.com.au for comprehensive project updates, corporate presentations, and investor resources.
