Riverside Announces Trenching Results from Partner-Funded Program at the Glor GOLD Project
1110 – 1111 West Georgia Street, Vancouver, BC, V6E 4M3 Tel: (778) 327-6671
TSX-V: RRI
PRESS RELEASE OTC: RVSDF
Frankfurt: R99
RIVERSIDE ANNOUNCES TRENCHING RESULTS FROM PARTNER-FUNDED
PROGRAM AT THE GLOR GOLD PROJECT
March 21, 201 7 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the
“Company”) (TSX-V: RRI), is pleased to report on the progress of partner-funded exploration
being conducted with Centerra Gold Inc. (“Centerra ”) at the Glor Gold Project (the “Project ”),
located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico. The
2017 exploration campaign commenced at the end of January with a program of mechanical
trenching that is still ongoing. Thirteen trenches with a combined length of 2,026.2 metres have
now been excavated by a heavy -duty excavator. This work was completed in the north-eastern
portion of the Project and focused on the Pitaya and Alamo-La Joya targets. The trenching work
builds on the 2016 soil geochemistry survey and rock -chip sampling of bedrock outcrops , which
identified a number of gold anomalies (see Riverside press release dated February 15, 2016).
A total of 495 trench samples have been collected from the current trenching program. Highly
encouraging gold assay results have been obtained from trenches Tr -01, Tr-02, Tr-03 and Tr-09
in the Pitaya target area, with strong indications of disseminated gold mineralization. Highlights
of the first trenching results for 2017 are summarized in the table below:
Trench
ID
Location of Interval Location of Assay
Interval
Length of
Assay
Interval*
Weighted
Average Au
Grade
Tr-01 starting West end of Tr-01 0 to 105 m 105 m 0.492 g/t
Tr-01 starting West end of Tr-01 including 0 to 24 m 24 m 0.522 g/t
Tr-01 starting 36m from W end including 36 to 57 m 21 m 0.649 g/t
Tr-01 starting 69m from W end including 69 to 105 m 36 m 0.648 g/t
Tr-02 starting West end of Tr-02 0 to 84 m 84 m 0.533 g/t
Tr-02 starting West end of Tr-02 including 0 to 27 m 27 m 0.640 g/t
Tr-02 starting 33m from W end including 33 to 84 m 51 m 0.539 g/t
Tr-03 starting West end of Tr-03 0 to 12 m 12 m 0.646 g/t
Tr-09 starting 68m from E end 68 to 104 m 36 m 0.347 g/t
Tr-09 starting 68m from E end including 68 to 89 m 21 m 0.426 g/t
Tr-09 starting 96m from E end Including 96 to 105 m 9 m 0.354 g/t
*Assay intervals are composed of continuous 3 metre long sample interval s, with individual samples consisting of hammer -
chipped rock fragments being systematically collected horizontally and vertically from one of the walls of the trench for the
entire length of the sample interval (3 metre panels).
A first -phase drilling program of approximately 2,000 metr es is currently being planned. The
first drill-holes will test the newly discovered Pitaya gold zone as well as induced polarization
geophysical anomalies that are broadly coincident with this zone.
Riverside’s President and CEO, John-Mark Staude, stated:
“We are very encouraged by the initial trenching results completed to date at
the Glor Gold Project. The nature of the gold mineralization and associated
alteration at the newly discovered Pitaya gold zone is consistent with the
orogenic gold model we have been using to explore the Project. We are
pleased to be working with a partner of Centerra’s caliber and look forward to
completing our first drill campaign at Glor in the near future.”
Additional Program and Project Details:
Individual trenches are between 100 and 300 met res in length and are typically excavated to
depths of 1.5 metres into the bedrock. Trench sampling was done using a 3 metre long sample
interval, with individual samples consisting of hammer -chipped rock fragments being
systematically collected horizontally and vertically from one of the walls of the trench for the
entire length of the sample interval (3 metre panels). To date, 495 trench samples have been sent
for analysis since the start of the 2017 program . Gold assays have been received for 446 of these
samples which include all the samples collected from the first ten trenches excavated (Tr -01
through Tr-10). Assays are pending for the remaining 49 samples.
The most significant results obtained to date by the 2017 trenching program have come from
trenches Tr-01, Tr-02, Tr-03 and Tr-09 in the western part of Pitaya target area (refer to Figure 1
at the bottom of this press release). These trenches have exposed the contact between an iron-rich
volcanic rock (andesite) and an underlying sequence of foliated and folded clastic sedimentary
rocks, mainly conglomerates and fine -grained sandstone. These lithologies are interpreted to be
of Jurassic age and were deformed by Laramide collisional tectonism. Gold mineralization
appears to have been localized along this lithological conta ct, occurring mainly in altered
andesite but also in the underlying sedimentary rocks. Gold -bearing rocks display pervasive
sericite-iron carbonate hydrothermal alteration along with thin quartz veins and veinlets.
Disseminated, partially oxidized pyrite (Fe sulphide) is locally present in the altered rocks.
The rock sampling from trenches Tr-01, Tr-02, Tr-03 and Tr-09 appears to be defining a body or
zone of gold mineralization o f relatively consistent grade that extends at least 240 metres in the
north-south direction and 100 metres east -west and is still open in multiple directions. The true
thickness of this mineralization is unknown and requires drilling to be determined. Based on
geological mapping and the results of the soil geoc hemistry survey, the zone of gold
mineralization at Pitaya is interpreted as trending in the NNW -SSE direction. The fact that gold
mineralization was identified at the western ends of trenches Tr-01, 02 and -03 suggests that the
Pitaya gold zo ne is ‘open’ to the west in the area of these trenches . In fact, the gold
mineralization that was identified in trench Tr -09, which represents the western extension of Tr -
04, is interpreted to be another expression of the Pitaya gold zone. Additional trenching has
already been done to test for the inferred continuation of the Pitaya gold zone to the west and
south of the mineralization identified in the trenches listed in the above table.
The mechanical trenching completed at Glor has quickly proven to be a cost -effective method of
identifying and delineating zones of gold mine ralization in areas where gold-in-soil anomalies
have been outlined but where bedrock exposures are sparse or thinly covered by colluvium. The
plan is to continue the trenching p rogram for another 4 to 6 weeks, with the goal to increase the
extent of the Pitaya gold zone and to test a number of other Au -As soil anomalies in the eastern
and central sectors of the property (see Figure 1 below).
Figure 1: Location of trenches with gold assay results identified at Pitaya Gold Zone.
Colour-contoured background shows gold-in-soil anomalies (see PR Feb. 15, 2017)
Additional information about the Glor Project can be found in the Glor Project Page on
Riverside’s website.
Tr-01: 105m @ 0.492 g/t Au
Tr-02: 84m @ 0.533 g/t Au
Qualified Person and QA/QC:
The scientific and technical data contained in this news release pertaining to the Glor Project was
reviewed and prepared under the supervision of Locke Goldsmith, P. Eng., P. Geo., a non-
independent qualified person to Riverside Resources who is responsible for ensuring that the
geologic information provided in this news release is accurate and acts as a “qualified person”
under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Rock samples collected from outcrops and trenches are being taken to the Bureau Veritas
Laboratories in Hermosillo, Mexico for fire assaying for gold and ICP -MS analysis for 45
common and trace elements . The ICP -MS analyses of 200 gram pulp s amples which are
prepared from and are representative of the field samples are done at the Vancouver laboratory
of Bureau Veritas. A QA/QC program has been implemented as part of the rock sampling
program at Glor, with 44 blank and standard samples being included with the 446 trench rock
samples which are being reported on in this press release.
About Riverside Resources Inc.:
Riverside is a well -funded project generation team of focused, proactive gold discoverers. The
Company currently has approximately $6,500,000 in the treasury and approximately 44,000,000
shares outstanding. Riverside has a strong and growing portfolio of gold -silver and copper
projects in Mexico. The Company structures partnerships on many of its projects to reduce r isk
and generate multiple discovery chances across the Company’s portfolio. Riverside has
additional properties available for option with more information available on the Company’s
website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President & CEO
Riverside Resources Inc.
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Joness Lang
VP, Corporate Development
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com
Certain statements in this press release may be considered forward -looking information. These
statements can be identified by the use of forward -looking terminology (e.g., "expect”,” estimates",
"intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks --
including the availability of funds, the results of financing and exploration activities, the interpretation of
exploration results and other geological data , or unanticipated costs and expenses and other risks
identified by Riverside in its public securities filings that may cause actual events to differ materially from
current expectations. Readers are cautioned not to place undue reliance on these forward -looking
statements, which speak only as of the date of this press release.
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