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Riverside Provides Update on Exploration and Drilling in Sonora, Mexico
VANCOUVER, British Columbia, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V:RRI) (OTC Pink:RVSDF) (Frankfurt:R
About this update from Riverside Resources Inc
[{"type":"text","content":"VANCOUVER, British Columbia, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V:RRI) (OTC Pink:RVSDF) (Frankfurt:R99) recently completed a partner-funded diamond drilling campaign at the Puerto Alamo Target at the 36 km² Glor Gold Project (the “Project”). The exploration and drilling work was funded by partner, Centerra Gold Inc. (“Centerra”), as part of their option to earn a 70% interest in the Project. The Project hosts four key target areas and is located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico. The recently completed drill program focused on the Puerto El Alamo Target (see Figure 1 below) located in the central part of the Project, which had been defined by a recent detailed soil geochemistry survey and geological mapping. Figure 1: Map of the Puerto El Alamo and other target areas at the Glor Project The drilling program consisted of seven drill-holes with a total length of 1,212 metres. The drill-holes were designed to test for a near-surface deposit of disseminated and fracture-controlled gold mineralization similar to what was identified in bedrock outcroppings in the target area. Gold and arsenic analytical results obtained by the soil geochemistry survey also guided the design of the drilling program. All of the drill-holes passed through the targeted stratigraphy and shear structures with multiple narrow intervals (1.0 – 4.7 metres) of low-grade gold (0.25 – 0.345 g/t Au) mineralization. The targeted stratigraphy consists of a Mesozoic andesite volcanic flow underlain by a package of fine-grained sedimentary rocks and a thick formation of polylithic conglomerate. On surface in the target area, gold-bearing shear structures were found conformably within the andesite unit and close to its contacts with the sedimentary rocks. Zones of iron carbonate +/- sericite alteration and minor quartz veining several meters wide were intersected in each of the drill-holes. Similar lithologies, structures and hydrothermal alteration were trenched and diamond drilled at the Pitaya Target in the north-eastern sector of the Project (see press release on June 19, 2017). Riverside’s President and CEO, John-Mark Staude, stated: “Our drilling at the Puerto El Alamo target with partner Centerra explored for low-angle shear structures...