Riverside Prepares for Fall Drill Program at the Cuarentas Project and Samples 9.1 g/t Gold over 3.4 m
Riverside Prepares for Fall Drill Program at
the Cuarentas Project and Samples 9.1 g/t
Gold over 3.4 m
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2020) -
Riverside Resources Inc.
(TSXV:
RRI) (OTCQB: RVSDF) (FSE: R99)
("Riverside" or the "Company"),
has received new channel
sampling and soil sampling results taken along several of the planned drill targets at The Cuarentas (the
"Project"). Results aim to provide respective grade thickness at surface on known targets and to expand
the documented strike distance of vein systems through the soil sampling program. The Project is
located approximately 20 km to the west of Premier Gold Mines' Mercedes mine and 30 km south of
Agnico Eagle's Santa Gertrudis operation in Sonora, Mexico. The Cuarentas Project is operated by
Riverside with earn-in partner Hochschild Mining ("Hochschild") funding the next $8,000,000 of
investment to reach a 51% interest with additional terms summarized in earlier news (see press release
June 24, 2020).
Riverside's sampling program was conducted to aid with target definition to support the upcoming drill
program. A total of 55 channel samples and 181 soil samples were carried out providing confidence for
extending the vein projections. In both sampling programs, channel and soil delivered high-grade results
including:
Channel sampling:
Top results from channel sampling (see
Table 1
)
9.1 g/t Au over 3.4 m including 32.9 g/t Au over 0.8 m Au
21.7 g/t Au over 1.6 m
6.3 g/t Au over 1.2 m
The channel sampling program was carried out with a rock saw, thus making channel samples
continuous and more representative than any previous sampling by former explorers. The first channel
sample batch contained 55 samples; 22% of the samples returned higher than 0.6 g/t Au and 49% of
samples higher than 0.2 g/t Au. A map showing the full data for all samples can be found on Riverside's
website for those looking for even greater context.
Table 1: Top results from channel sampling over both primary targets: Santa Rosalia and
Santa Rosalia Sur
Channel name
Width (m)
Grade (g/t)
Target
RRI_CH_01
3.4
9.1
Santa Rosalia Sur
including
0.8
32.9
RRI_CH_09
1.6
21.7
Santa Rosalia
RRI_CH_10
2.8
3.3
Santa Rosalia
including
1.6
6.3
RRI_CH_06
0.7
3.6
Santa Rosalia
RRI_CH_07
1.6
3.6
Santa Rosalia
RRI_CH_05
1.5
2.1
Santa Rosalia Sur
RRI_CH_08
1.3
1.9
Santa Rosalia
RRI_CH_03
0.7
1.4
Santa Rosalia Sur
RRI_CH_02
1.9
1.1
Santa Rosalia Sur
RRI_CH_04
2.1
0.9
Santa Rosalia Sur
Soil sampling:
The soil program was done using a grid of 50 meter spaced lines and 25 meter spacing between
samples. Highlights below include:
Soil sampling results of
up to 0.9 g/t Au
Definition of
a continuous 550 m long high-grade gold-in-soil anomaly
which merges the
Santa Rosalia and Santa Rosalia Sur as Centro de Rosalia and cumulates more than 1.7 km with
higher-grade gold mineralization (see
Figure 1
, below)
Figure 1: Map of the main structural target at The Cuarentas Project, including the magnetic
survey result of depth slice at 50 m depth, recent soil survey and channel sampling
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6101/65484_313cecf4344cfad6_002full.jpg
Riverside's President and CEO, John-Mark Staude, stated:
"
We are pleased to be working with
Hochschild Mining's fine exploration staff, as together we are refining and detailing excellent drill
targets. We are particularly pleased that our sampling programs have demonstrated the link between
the Santa Rosalia Mine and Santa Rosalia Sur targets. We have worked safely and effectively
through COVID-19 and our in-country Mexico team now has the field camp set up with all operational
capabilities to commence drilling this fall."
The primary focus of this initial work phase with Hochschild included work on channel sampling for
precision and continuity along the Santa Rosalia Mine and Santa Rosalia Sur targets. Secondly, the soil
sampling program helped define the possible continuity of mineralization within the 500-m colluvial
covered zone separating Santa Rosalia and Santa Rosalia Sur including gold values up to 0.9 g/t gold.
Currently, Riverside is undertaking an Induced Polarity (IP) survey over both primary targets. The IP
survey work could be expanded over the recently discovered Centro de Rosalia zone. The Centro de
Rosalia zone allows Riverside to extend the primary structural and mineralized target, which now covers
more than 1.7 km in strike length.
Building up our knowledge base on the Santa Rosalia targets continues to allow us to extend the
mineralization on surface and prepare for drilling. Riverside is rapidly advancing toward drilling and
expecting more geophysics and trench results shortly.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to The Cuarentas Project was
reviewed and approved by Freeman Smith, 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 who acts as a "qualified person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
Rock samples collected at The Cuarentas Project were taken to the Bureau Veritas Laboratories in
Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while
the pulps were transported to Bureau Veritas' laboratory in Vancouver, BC, Canada for 45 element
ICP/ES-MS analysis. A QA/QC program was implemented as part of the sampling procedures for the
exploration program. Standard samples were randomly inserted into the sample stream prior to being
sent to the laboratory.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company
has no debt and less than 68M shares outstanding with a strong portfolio of gold-silver and copper
assets in North America. Riverside has extensive experience and knowledge operating in Mexico and
Canada and leverages its large database to generate a portfolio of prospective mineral properties. In
addition to Riverside's own exploration spending, the Company also strives to diversify risk by securing
joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more
chances for discovery. 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
Raffi Elmajian
Corporate Communications
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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https://www.newsfilecorp.com/release/65484