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  • Riversgold (RGL) unearths up to 3.14 per cent lithium oxide at surface at its Tambourah lithium project in Western Australia
  • The results come from a field campaign completed by the exploration company in April which saw Riversgold collect 57 rock chip samples from the Tambourah area
  • RGL’s best hits come from the Lion prospect, where 12 rock chips returned grades between 1.49 per cent and 3.14 per cent lithium oxide over a strike length of 300 metres
  • The company says the lithium mineralisation discovered to date represents just a small part of the overall tenement potential, with further exploration slated for the coming months
  • Riversgold last traded at 3.3 cents on June 14

Riversgold (RGL) has unearthed up to 3.14 per cent lithium oxide at surface at its Tambourah lithium project in Western Australia’s Pilbara region.

The results come from a field campaign completed in April at the project during which Riversgold collect 57 rock chip samples. The company gathered the samples from a range of geological settings which were considered prospective for economic mineralisation — 29 of which were specifically for lithium mineralisation.

Riversgold said during the campaign, its geologists identified at least two generations of pegmatite dykes in the area.

The best hits came from the Lion prospect, where 12 rock chips returned grades between 1.49 per cent and 3.14 per cent lithium oxide over a strike length of 300 metres.

“Grade is king, and the results from our Lion prospect at Tambourah, with an average grade of 2.24 per cent lithium oxide and a maximum of 3.14 per cent lithium oxide, are outstanding,” RGL’s CEO, Julian Ford, said.

The company’s field campaign also included the exploration of the Ragdoll prospect, which reported an average of 1.81 per cent lithium oxide over the entire stretch of strike spanning up to 300 metres. This prospect was shown to expand into three lithium-rich parallel pegmatites.

Mr Ford said the company was encouraged by the scale of the Tambourah Project.

“Our understanding of the lithium mineralisation is improving with each site visit,” he said.

“The lithium mineralisation discovered to date represents just a very small part of the overall tenement potential, with the majority of the tenement still to be explored over the coming months.”

Riversgold last traded at 3.3 cents on June 14.

RGL by the numbers
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