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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.011 -0.001 (-8.33%)+
Announcement
Release
9 Jun 2026 9:39AM
Price at Release
$0.012
Full Release
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Summary
Riversgold Limited and AIS Resources announced encouraging rock chip results at the Saint John Project, which is considered prospective for IOCG-style mineralization. A Farmin Agreement with AIS allows them to earn up to 75% of the project by spending C$4.4 million over four years. Riversgold retains a 25% interest until the decision to mine. The project, located in southern New Brunswick, shows promising copper, gold, silver, and antimony mineralization, warranting further exploration. The report highlights the need for continued systematic exploration, including drilling, to validate the mineralization potential.
Key Points
  • Riversgold retains a 25% interest in the Saint John Project.
  • AIS Resources can earn up to 75% by spending C$4.4 million over four years.
  • Encouraging rock chip results indicate potential for IOCG-style mineralization.
  • The project is located in underexplored southern New Brunswick.
  • Exploration shows promising copper, gold, silver, and antimony mineralization.
  • Further systematic exploration, including drilling, is planned.
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.