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Riverside Resources and Centerra Gold Commence Drill Program at Glor Gold Project
VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V:RRI), is pleased to announce that
About this update from Riverside Resources Inc
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V:RRI), is pleased to announce that partner, Centerra Gold Inc. (“Centerra”), has commenced a 1,200+ metre drill program at the Glor Project (the “Project”). Roadwork and other preparations have been completed to access new drill targets within the Puerto El Alamo target area. This campaign will focus on gold targets that have been developed in the past 8 months by exploration programs that included detailed mapping, a detailed soil geochemistry survey, two ground magnetics surveys and an induced polarization survey. Centerra has been funding exploration work at the 36 km2 Glor Project since it entered into an option to joint venture agreement with Riverside in 2016 (see RRI news release dated July 26, 2016). The Glor Project is located approximately 12 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico, and has five defined gold target areas (see Figure 1), with Puerto El Alamo currently being drilled. Centerra’s senior management completed site visits in November to review the details of the planned drilling and confirmed the targeting concepts that were developed from recent geochemical and geophysical survey data obtained from the Puerto El Alamo target area since July of this year (see Figures 2a and 2b). A diamond drill rig has been mobilized to the Puerto El Alamo target and drilling of the 1,200+ metre drill campaign has begun. The locations of the first six holes have been selected (see Figures 2a and 2b) and additional holes may be added to the program, depending on results obtained by the initial boreholes. President and CEO, John-Mark Staude stated: “We are delighted to be drilling again at Glor and testing large open-pit style targets. We look forward to receiving results from the first holes in early 2018 and are pleased with Centerra’s support, as we work closely together to develop and drill-test high-potential gold targets. We are always pleased to deliver discovery exposure to our shareholders, especially at targets close to existing mining operations.” Figure 1: Glor Project map showing priority gold targets and area of detailed exploration completed in Q4-2017 at the Puerto El Alamo target. Figure 2a (left): Shows gold results for soil geochemistry survey done over the Puerto El ...