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Riverside Announces Exploration Results from $400,000 Partner-Funded Program at the Glor Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT
About this update from Riverside Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Riverside Resources Inc. (\"Riverside\" or the \"Company\") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to report on the progress of the partner-funded exploration program 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. Between August 2016 and the end of last year, a number of programs of geophysical and geochemical surveying were completed along with geological mapping. Expenditures on these exploration programs amounted to approximately US$400,000 and were entirely funded by Centerra as part of its earn-in requirements (see Riverside press release dated July 28, 2016). The results of the 2016 soil and rock sampling programs are very encouraging, having defined multiple gold targets in the north-eastern, central and western parts of the Glor property. The 2016 exploration programs included geological mapping at a 1:5,000 scale, a 37.7 line- kilometre induced polarization survey and a 136 line-kilometre ground magnetics survey. In addition, 926 soil samples, 341 rock chip samples and 1,468 saw-cut channel samples were collected and analysed. Shallow trenches with a combined length of more than 1,200 metres were excavated with a small backhoe machine as part of the rock sampling program (34 of 430 channel-cut samples (8%) collected from shallow trenches returned gold assays greater than 0.150 g/t Au, with the highest value being 2.241 g/t Au). The geochemical anomalies for gold, arsenic and to lesser extent silver, lead and zinc that were outlined in the north-eastern sector of the property are particularly significant because they are broadly coincident with zones of anomalous geophysical responses detected by the induced polarization survey and with bedrock exposures of hydrothermally altered and sheared Mesozoic sedimentary rocks (see Riverside press release dated November 14, 2016). Geochemical results for gold are shown on the map figure at the bottom of this press release. Highlighted Exploration Results: 2200 metre by 900 metre Au-As soil anomaly defined in northeastern sector of the property where mapping has identified extensive area of strongly altered and foliated metasedimentary rocks Induced polarization cha...