Business
Carlyle Mobilizes Crews for Phase 1 Exploration Program at the Cecilia Gold-Silver Project in Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - CARLYLE COMMODITIES CORP. (CS...
About this update from Riverside Resources Inc
[{"type":"text","content":"Carlyle Mobilizes Crews for Phase 1 Exploration Program at the Cecilia Gold-Silver Project in Sonora, MexicoVancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZ) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that it has mobilized crews for Phase 1 of its 2020 exploration program at the 7,739 hectare Cecilia Gold-Silver Project located in the State of Sonora, Mexico. The property is optioned from Riverside Resources Inc (TSXV: RRI), (OTCQB: RVSDF) (FSE: R99) with business terms announced last week with the signing of Definitive Agreement and now the Phase 1 exploration program outlined. The property is well located in the highly metal endowed northern part of Sonora state gold-silver belt with nearby mining operations including Cananea Copper Mine and Santa Gertrudis Gold Mine.Phase 1 Exploration ProgramThe Phase 1 exploration program has been designed to refine targeting at Cerro Magallanes which is a large rhyolite flow dome complex, host of several historic workings and multiple high-grade gold mineral occurrences. Additionally, the program will focus on expanding knowledge on the sedimentary hosted mineralized targets, including to-date a total of five gold-mineralized areas. The program will consist of:Property scale mapping to better identify mineralized targets over a district scale project;A detailed structural mapping study focused on the primary dome target Cerro Magallanes to better understand the structural controls of mineralization;Processing and interpretation of Aster data, which will lead to a better understanding of the alteration signatures across the district; Surface sampling including rock and soil sampling over the multiple targets to further focus targeting in preparation for Phase 2;A geophysical survey consisting of 10 line kilometers of IP centered over the sedimentary hosted anomalies identified outside of the dome target, road rehabilitation and pad building to support a maiden drill program to commence immediately following the Phase 1 program.This program is expected to take approximately 5 weeks to complete and will ultimately culminate in a Phase 2 diamond drilling program that will test the Cerro Magallanes target once pads and other infrastructure is complete, materials needed for the Phase 2 drilling are at si...