📌Riversgold Limited (ASX: RGL) - Key Tenement Acquired on NE Extensions of Andover Corridor, east of #Karratha in the #Pilbara region of Western Australia🔋✅ 📢Riversgold Chairman, David Lenigas, commented: “This is a tremendously exciting acquisition for RGL. To pick up such a sizeable tenement in the heart of what is turning out to be a new lithium province, following Azure’s lithium discover at #Andover, is brilliant for us. With the tenement’s location being so close to Karratha, exploration here can be almost year-round, something not always possible in the Pilbara region. “The geology of this tenement appears to be somewhat similar to Andover, with the difference being a lot of the ground is under shallow cover. Following grant of this new tenement, the next steps will include geophysics programs designed to identify buried pegmatites which will then be tested with shallow bedrock drilling. The drilling will test for buried pegmatites within this highly prospective tenement within what is now recognised as a world class lithium pegmatite region.” A key 74 square kilometre tenement application acquired directly along strike and only about 8km northeast of the major Andover lithium (spodumene) pegmatite discovery of Azure Minerals Limited (ASX: AZS), which has produced drilling intersections of up to 209.4m at 1.42% Li2O1. The RGL's new tenement (ELA 47/5069) lies in the NE extensions of the Andover Corridor, associated with a magnetic intrusion; a similar setting to the Andover lithium discovery. Priority geophysics and drilling programs are due to start to test new pegmatite targets. 🔖View the full announcement here: 🔗https://lnkd.in/g3y8vBXZ Julian F. Ed Mead #lithium #gold #nickel #exploration #mining #miningstocks #investment #ASX #asxnews #investors #shareholders #DYOR #RGL Samso - Compelling ASX Stories Noel Ong Samso Media: https://lnkd.in/geb_hMZn Our Distribution Partners: https://lnkd.in/gkvXVRd6 The Red Seagull Theory Brochure: https://bit.ly/samso0223 In case you missed it! 🎦#CoffeeWithSamso Ep. 157 | Are pegmatites the beneficiating system? | Riversgold Ltd (ASX:RGL) https://lnkd.in/gGRgrTQU
