Riversgold Ltd (ASX: RGL) is an Australian based gold exploration and development company that is targeting large, epigenetic greenfield gold discoveries in a largely under explored region, approximately 50km east of Kalgoorlie, Western Australia.
The company has one of the largest tenement footprints in this region and now manages a highly prospective, near contiguous, 118,000 hectares contained within 17 tenements. More than 80% of the exploration tenements have been granted, with the remaining tenement applications still pending.
The Company originally joint ventured with two companies and has or is earning an 80% and 70% in these projects with the original owners free carried to a decision to mine. In addition, the Company’s continued consolidation of this region has more recently seen 100% acquisitions in the case of Cutler. The Company has also successfully pegged an additional 6 tenements covering an area of 15,000 hectares.