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Riverside Reports Drill Results and Go Forward Program With Antofagasta at the Thor Property, Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 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. 9, 2017) - Riverside Resources Inc. (\"Riverside\" or the \"Company\") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to provide an update on the partner funded exploration work and initial drill testing at the Company's Thor Project in Sonora, Mexico. The Thor Project is 128 km2 and located approximately 80 km east of the capital city of Sonora, Hermosillo. Riverside and its partner, Antofagasta Minerals S.A. (\"Antofagasta\"), a wholly-owned subsidiary of Antofagasta Plc, recently completed the first four (4) drill holes ever drilled on this large property package that indicate at least three separate porphyry hydrothermal centre areas over a strike length of > 8 km in total distance. Riverside and its partner decided to complete an initial proof-of-concept drill program to confirm Laramide aged rock at depth and explore for indications of a porphyry-intrusive system. The four diamond core holes totalled 1,335 m, with all four holes intersecting fault structures which appear to intersect upper and lower structural blocks of a porphyry-intrusive system. There were no significant copper or gold mineralized intercepts over material widths in these initial four holes; however, the program successfully found a porphyry system, with drilling encountering a large Laramide aged porphyry style quartz-sericite-pyrite stockwork zone, which can now be followed up with further work. The positive indications from the current program justify additional exploration work that will initially include a detailed remote sensing study and follow up field mapping, and targeted alteration and geochemical sampling to focus on identification of further drill targeting and to help understand the structural make up of this porphyry district. Riverside and Antofagasta have reviewed the results last week and now plan to progress the project with Riverside continuing as operator and moving the discovery process forward. Riverside's President and CEO, John-Mark Staude, stated: \"We are pleased to be drilling and exploring with Antofagasta as a partner in Sonora, Mexico. The drill program at Thor has delivered a positive proof of concept with the discovery of extensive porphyry style veining in the drilled target areas. The project will now be progressed with further targeting work on both the ...