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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.009 -0.007 (-43.75%)+
Announcement
Release
28 Apr 2026 8:18AM
Price at Release
$0.016
Full Release
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Summary
Riversgold Limited has begun geotechnical diamond drilling at the Northern Zone Gold Project, part of their Kalgoorlie Gold Project in Western Australia. This initiative is crucial for gathering data on rock strength and pit slope stability to advance the Mine Development and Closure Plan (MDCP). The project is progressing towards obtaining a Mining Lease, with funding support from MEGA Resources under a profit-sharing agreement. The short 9-day drilling operation aims to provide valuable structural and rock strength data to support ongoing mine planning.
Key Points
  • Riversgold Limited commences geotech diamond drilling at Northern Zone Gold Project.
  • The project is part of the Kalgoorlie Gold Project, located 25km east of Kalgoorlie, Western Australia.
  • Drilling aims to gather data for pit slope stability and mine planning for the Mine Development and Closure Plan (MDCP).
  • A Right to Mine and Co-Operation Agreement is signed with MEGA Resources, which will fund the project on a 50/50 profit share basis.
  • The Northern Zone Gold Project is advancing towards a Mining Lease, expected to be granted soon.
  • The drilling program will last 9 days to provide essential rock strength data.
  • The operation is targeting depths of 100-150 metres for key geotechnical data requirements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.