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Riverside Doubles Land Position at Oakes and Progresses the Ontario Portfolio in the Beardmore-Geraldton Greenstone Belt
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Riverside Resources Inc.&...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Doubles Land Position at Oakes and Progresses the Ontario Portfolio in the Beardmore-Geraldton Greenstone BeltVancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: R99) (\"Riverside\" or the \"Company\"), is pleased to report that the Company has doubled the land tenure at its Oakes Project and provides new exploration results and interpretations from its 100% owned western Ontario gold projects. The Ontario projects located northeast of Thunder Bay to the east of Red Lake and west of Timmins, Ontario are along the major Archean greenstone belt. Riverside recently completed IP inversion studies at the Oakes Project that have defined three strong gold targets expanding upon previous data compilation. Additionally, similar work at the Longrose and Pichette projects have displayed potential with low cost exploration that Riverside will work with partners to make future discoveries.Key Highlights:Oakes high-grade gold zone now expanded with IP inversion studies defining 3 strong near surface drill target zones. Potential high-grade shear zone at Oakes now can be traced about 1 km. Tenure size doubled to better fit the new target concepts at Oakes.Structural and geophysical studies at Longrose defining gold targets like the past producing high-grade (1 oz/t) Leitch Mine to the immediate east.Major through-going shears with second order splays at Pichette with structural settings similar to nearby deposits.Riverside's President and CEO, John-Mark Staude, stated: \"Riverside is pleased with the new updated processing of IP geophysics along this highly endowed gold greenstone belt that has produced 4.1M[1] ounces of gold historically. Oakes has drill ready targets, Longrose is located adjacent to a near 1M Oz Au past producer also has excellent gold targets, and Pichette has large shear structures that could host new gold discoveries making the portfolio for 2020 which Riverside is delighted to own and move toward partnerships.\"Figure 1: Geraldton Greenstone Belt showing the location of Longrose, Pichette and Oakes projects with past producing mines (4.1M Oz Au in past production)To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6101/52893_6e752f8a54ee08d0_002full.jpgOAKES PROJECTThe Oakes Project is loc...