Riverside Resources and Centerra GOLD Complete Pitaya Target Drilling at the Glor GOLD Project IN Sonora, Mexico
1110 – 1111 West Georgia Street, Vancouver, BC, V6E 4M3 Tel: (778) 327-6671
TSX-V: RRI
PRESS RELEASE Pink Sheets: RVSDF
Frankfurt: R99
RIVERSIDE RESOURCES AND CENTERRA GOLD COMPLETE PITAYA TARGET
DRILLING AT THE GLOR GOLD PROJECT IN SONORA, MEXICO
June 19, 2017 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”)
(TSX-V: RRI), has completed an initial nine-hole diamond core drilling program at the 4 km²
Pitaya Target within the 36 km² Glor Gold Project (the “Project”), which is being explored with
funding by partner, Centerra Gold Inc. (“Centerra”). The Project hosts five key target areas and
is located approximately 8 km west of Alamos Gold’s El C hanate Mine in Sonora, Mexico . The
recently completed drill program focused on the Pitaya Target located in the north-eastern sector
of the Project , which had been defined by partner-funded soil geochemistry and induced
polarization geophysical surveys and then further investigated with mechanical trenching and
chip-channel sampling (see Company press releases issued on February 15 and April 17, 2017).
Assay results have now been received for all nine drill-holes, which together total 1,942 metres
in length. The longest hole was 285 metres. Drill -hole GL17-002D yielded the best intersection
of gold mineralization of the campaign: 11.0 metres averaging 0.591 grams gold per tonne (g/t
Au) starting at 122 metres down the in clined drill-hole. The highest gold value included in this
assay interval is 1.415 g/t Au over 1.0 m etre of core . The other eight drill -holes intersected
sporadic thin zones of gold mineralization that generally graded less than 0.4 g/t Au across 1.0
metre, with the best of these intercepts being a 2.0 m etre interval in GL17 -004D that averaged
0.466 g/t Au.
Riverside’s President and CEO, John- Mark Staude, stated : “Given the trench sampling
intervals gave disseminated gold values in the range of 0.5- 1 g/t Au at the Pitaya Target, we are
surprised that this initial drill campaign didn’t manage to replicate these results. We’ve been
mapping and sampling the larger Glor tenement finding numerous areas with gold and remain
positive on the Project’s potential. So far w e’ve developed five target areas and have only
trenched and drilled one . The four additional target areas will be field sampled and worked on
in the coming months to determine if another drill program will be pursued.”
Figure 1 below displays the location of the Pitaya Target in relation to the other four target areas
that remain undrilled at the Glor Project. Figure 2 is an enlargement of the Pitaya Target area
showing the locations of drill -hole collars and surface traces with respect to the trenches that
were excavated and sampled just prior to the commencement of drilling.
Figure 1: Map of the 5 Target Areas at the Glor Project
Additional Drill Program Details:
The gold assay results for the 9 -hole drilling campaign are in general weaker than the assay
results that were obtained fr om the chip -channel samples collected from the trenches in the
immediate area of the Pitaya drill-holes. A possible explanation for the discrepancy between the
drilling and trench sampling resul ts is that the extensive mineralization sampled on surface
transect in trenches Tr-01 and Tr-02 occurs in a zone of altered andesite that is exposed along an
easterly inclined dip -slope in the local topography . (Drill-hole G17 -002D appears to have
perpendicularly intersected the subsurface down-dip continuation of th is zone of gold
mineralization (see Figure 2) indicating a true thickness of approximately 11 meters.
Figure 2: Compilation map of the north-eastern sector of the Glor Project showing Au-in-soil
anomaly, drill holes and trenches completed at the Pitaya Target
There is a spatial relationship between gold and arsenic (As) at the Pitaya Target, where core
samples having gold concentrations greater than 0.3 g/t Au are seen to have As contents of 5,000
ppm and greater. The drill -hole sample containing 1.415 g/t Au showed an As content of
>10,000 ppm As. This feature is similar to other orogenic gold systems in north -western, Sonora
and indicates the district is the type of region that could be fertile for a new gold discovery.
Although the drilling of the Pitaya target area did not produce an economically significant
discovery, much has been improved in the understanding of controls on gold mineralization ,
which are now being applied to the overall Glor Project. Project geologists are in the field
investigating other geochemical survey anomalies on the Project with the objecti ve of refining
existing target areas and defining new high -potential drill targets . Particu lar attention will be
given to the rock and soil geochemistry, structural geology, ground magnetic data and utilizing
induced polarization as a tool to refine the targets. Fieldwork will continue to be funded by
Centerra through the next quarter and, if sufficiently prospective gold targets are generated, a
second round of drilling will possibly be completed before the end of the year.
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 Resour ces 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.
All drill cores were photographed, geologically logged and then sawed in half to provide samples
for gold assaying and multi-element ICP mass spectrometry analysis, which was done by Bureau
Veritas’ laboratories in Hermosillo, Mexico and Vancouver, Canada, respectively. A total of
1,246 core samples were analysed, with individual samples having core lengths of 1.0 m or 3.0
m, depending on the presence or absence of visible hydrothermal alteration. For quality
assurance and control purposes 48 non -mineralized ‘blank’ samples and 83 standard samples
were included with the batches of core samples that were analysed.
About Riverside Resources Inc.:
Riverside is a well-funded prospect generator exploration company with over $5,000,000 in the
bank and a tight share structure with fewer than 45M shares issued. Riverside leverages its
77,000 location Mexico mineral database, highly experienced and dedicated technical team and
partnership network to acquire and develop high -potential projects. The Company increases the
chances of discovery by advancing multiple assets simultaneously through partnerships, allowing
Riverside to mitigate risk and conserve capital. Riverside has a diverse portfolio of gold, silver
and copper properties throughout North America. Riverside has additional properties availab le
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 Communication
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 ident ified 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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