Business
Riverside Resources and Centerra Gold Complete Pitaya Target Drilling at Glor Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2017) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI) (OTC PINK:RVSDF) (FRANKFU
About this update from Riverside Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2017) - Riverside Resources Inc. (\"Riverside\" or the \"Company\") (TSX VENTURE:RRI) (OTC PINK:RVSDF) (FRANKFURT:R99), has completed an initial nine-hole diamond core drilling program at the 4 km2 Pitaya Target within the 36 km² Glor Gold Project (the \"Project\"), which is being explored with funding by partner, Centerra Gold Inc. (\"Centerra\"). The Project hosts five 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 Pitaya Target located in the north-eastern sector of the Project, which had been defined by partner-funded soil geochemistry and induced polarization geophysical surveys and then further investigated with mechanical trenching and chip-channel sampling (see Company press releases issued on February 15 and April 17, 2017). Assay results have now been received for all nine drill-holes, which together total 1,942 metres in length. The longest hole was 285 metres. Drill-hole GL17-002D yielded the best intersection of gold mineralization of the campaign: 11.0 metres averaging 0.591 grams gold per tonne (g/t Au) starting at 122 metres down the inclined drill-hole. The highest gold value included in this assay interval is 1.415 g/t Au over 1.0 metre of core. The other eight drill-holes intersected sporadic thin zones of gold mineralization that generally graded less than 0.4 g/t Au across 1.0 metre, with the best of these intercepts being a 2.0 metre interval in GL17-004D that averaged 0.466 g/t Au. Riverside's President and CEO, John-Mark Staude, stated: \"Given the trench sampling intervals gave disseminated gold values in the range of 0.5-1 g/t Au at the Pitaya Target, we are surprised that this initial drill campaign didn't manage to replicate these results. We've been mapping and sampling the larger Glor tenement finding numerous areas with gold and remain positive on the Project's potential. So far we've developed five target areas and have only trenched and drilled one. The four additional target areas will be field sampled and worked on in the coming months to determine if another drill program will be pursued.\" Figure 1 below displays the location of the Pitaya Target in relation to the other four target areas that remain undrilled at the Glor Project...