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Riverside Acquires and Significantly Expands the Elly Gold Project in Greenwood Mining Area Along the Canadian Extension of the Republic Graben of Southern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Riverside Resources Inc. &#...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Acquires and Significantly Expands the Elly Gold Project in Greenwood Mining Area Along the Canadian Extension of the Republic Graben of Southern British ColumbiaVancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\"), Riverside is pleased to announce that it has signed an option agreement with private owners to acquire 100% in several mineral concessions in the Boundary District of Southern British Columbia in an area that is traced northward as the geologic and structural extension of the Republic and Toroda grabens which are well-endowed gold districts to the immediate south in northernmost Washington State across the USA border. The Republic District has produced over 3M ounces in gold over the past several decades and is a well-established gold camp; however, the Canadian side has not seen much epithermal gold development and Riverside, over the current summer 2023, has made a number of mineralization finds and acquired key tenures as the start of a new gold program in southern BC.The Company has staked the prospective geology to include over 107 kilometers square that includes key locations of known gold occurrences and now significantly expanding and finding new showings of mineralization through the field programs. This prospective geology in southern BC extends northward from the historic Kinross Gold's Knob Hill (~4M Oz Au Produced)1,2 and Buckhorn Gold (~1.3M Oz Au)1,2 mines in Washington State. The Riverside tenure in British Columbia is prospective for low sulfidation epithermal style gold-silver mineralization. Riverside's work includes building upon previous generative work including BC Government databases, fieldwork, and Geoscience BC research data bases to create a structural interpretation of the district and has led to the discovery of several prospective vein targets inside the tenures controlled by Riverside.Property Description and Program Actions:The Elly Project is a series of mineral tenures that Riverside Resources (BC) Inc. staked and includes some core claims optioned from private owners that the Company sees have gold potential within a region that hosts historic gold and base metal producers and many mineral prospects. The Elly Project is within the Christian and Granby...