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Riverside Consolidates Tenure at La Union Project and Reports High-Grade Gold, Including 59.4 g/t and 40 g/t Gold from Recent Sampling
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Riverside Resources Inc. &#...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Consolidates Tenure at La Union Project and Reports High-Grade Gold, Including 59.4 g/t and 40 g/t Gold from Recent SamplingVancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\") is pleased to report the mineral tenure consolidation and expansion of La Union Polymetallic Project in Sonora, Mexico. The acquisition of these additional concessions provides Riverside with an expanded land position and further control of the historical mines and old workings across the district. This consolidation through the acquisition of small internal concessions provides Riverside an option on the high-grade, previous small scale mine properties, internal to the larger surrounding 100% Riverside owned mineral concessions and increases the property total area to over 26 km2 (2,604 hectares). This transaction expands upon the original property acquired from Millrock's Mexico portfolio in 2019 (see press release of June 26, 2019).La Union is located in western Sonora and is part of the orogenic gold trend. The old mining areas at La Union have seen very little drill testing and the broader structures are wide open for further regional exploration. Riverside is in contact with the local surface owners and knows the region from previous work with partner Hochschild Mining which allows Riverside to initiate exploration immediately.Riverside's initial field work included selective rock sampling from abandoned mine workings and dumps with results returning up to 59.4 g/t Au and 833 g/t Ag (see Table 1). Further exploration work will begin shortly as the Company is pleased to have completed this expansion step, opening the door to follow up work. La Union Polymetallic Project has been previously defined as a manto-chimney style deposit. The ongoing work has been demonstrating significantly high-grades in gold, silver, lead and zinc across mineralized areas identified. Near surface, the oxide gossan cap and carbonate replacement are particularly extensive with strong similarities with the Leadville polymetallic system in Colorado, USA. At La Union the Paleozoic carbonate stratigraphic section is a composite of over 1,000 m thick regionally and the mineralization of chimneys and mantos is open in multiple directions.Table 1:...