Join our daily newsletter At The Bell to receive exclusive market insights
- Riversgold (ASX:RGL) commences drilling operations at its Earl Grey prospect in Western Australia
- The program comprises eight holes totalling 2000 metres of RC drilling on tenement E77/2784
- Drilling will occur in close proximity to Covalent Lithium’s globally significant Mt Holland lithium mine
- RGL shares last traded at 1.2 cents
Riversgold (ASX:RGL) has commenced drilling operations at its Earl Grey prospect in Western Australia.
The program involves eight holes totalling 2000 metres of RC drilling, focusing on tenement E77/2784.
The drilling activities are situated in proximity and possibly down-dip from Covalent Lithium’s globally significant Mt Holland lithium mine, which is under development in the Marvel Loch region of WA.
“RGL’s Earl Grey prospect’s attraction lies in its proximity to the existing orebody currently being mined by SQM and Wesfarmers under the Covalent JV,” Riversgold CEO Julian Ford said.
“Most of our drilling will centre around the Bounty gold mine, but we are planning a number of holes east of a line between the Earl Grey lithium deposit and the historical Bounty Gold Mine where sterilisation drilling by Kidman intersected multiple high-grade spodumene intersections.”
The Earl Grey deposit is currently under the ownership of the joint venture company, covalent, with SQM and Wesfarmers as equal partners.
RGL shares last traded at 1.2 cents.
-1200x645-380x200.jpg)