Riversgold back drilling next week at Mt Holland
–News Direct–
Riversgold Ltd (ASX:RGL) CEO Julian Ford tells Proactive the company expects to be drilling next week at its Mt Holland Lithium Project. A program of works was recently approved for the maiden drilling program on tenement E77/2784, which is immediately adjacent to Covalent Lithiums Mt Holland Lithium Project. Meanwhile RGL is also set to acquire 100% of the Abigail Lithium Project, which comprises seven lithium-prospective projects in the James Bay district in Quebec, Canada.
The strategic acquisition gives the company a foothold between Critical Element Ltds Rose lithium deposit with a probable reserve of 26.3 million tonnes at 0.87% Li2O and Nemaska Lithium Ltds Whabouchi deposit with 36.6 million tonnes at 1.3% Li2O.
The Abigail Lithium Project has excellent proximity to ...