Initial TREO assays up to 2,200ppm at RGL’s Mt Weld Project

Riversgold Limited (ASX:RGL, Riversgold or the Company) announces very encouraging total rare earth oxide (TREO) assay results from four composite RC drill samples from the drilling program on its Mt Weld Project exploration joint venture, located only 1.4km west-north-west of Lynas Rare Earths Limited's Mt Weld rare earth oxide (REO) mine near Laverton in Western Australia.

The Company has drilled 5 holes to date totalling 1,036m of an initial seven-hole (~2,000m) reverse circulation (RC) drilling program on the joint venture tenement P34/4489. The program was designed to test several magnetic features confirmed through both airborne and ground magnetic surveying¹.

The interesting elevated rare earth element (REE) results from four composite samples are shown in Tables 1 and 3, with locations in Table 2. The results from all 1m samples from the drill holes will be submitted shortly.

Highlights

• Initial composite RC drill samples assay up to 2,200ppm TREO at RGL’s Mt Weld Project
• 52% of the planned initial ~2,000m RC programme completed to date
• The drilling program is on tenement P34/4489 - immediately to the west of Lynas’ globally significant Mt Weld rare earth oxide mine

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