Business
Riverside Resources Commences Exploration Program at the Cecilia Gold Project in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2017) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R
About this update from Riverside Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2017) - Riverside Resources Inc. (\"Riverside\" or the \"Company\") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to announce that the Company has commenced a self-funded exploration program at the Cecilia Gold Project (the \"Project\") located in northeastern Sonora, Mexico. Riverside's exploration team is targeting epithermal gold-silver mineralization within a felsic volcanic flow-dome setting. Multiple targets exist at different elevation levels within the complex, with historic results indicating the presence of near surface gold mineralization. Riverside's first phase exploration program at the Cecilia Project will consist of extensive rock-chip sampling to confirm the existence of zones of gold-bearing hydrothermal breccias and quartz veinlet stockworks that had been previously identified by historic exploration work (view Project History on the Company's website). Additional prospecting work will be completed at the same time as the 'confirmation' rock sampling with the objective being to increase the extent of the known zones of gold mineralization and to discover new zones. Riverside's President and CEO, John-Mark Staude, stated: \"During March-April, our Hermosillo-based team completed a number of tasks to initiate the 2017 Cecilia work program. This included obtaining access agreements from owners of surface lands that cover the Project area and setting up a temporary field camp close to the property. We now have our team in the field sampling and mapping toward defining high-quality drill targets. Riverside is committed to turning over prospects quickly and advancing the Company's portfolio with a clear focus on discovery and value creation. We look forward to a steady flow of news and results from work programs in the weeks and months ahead.\" Priority gold targets that are being refined by Riverside's rock sampling program are the North Breccia Zone and the Central Zone (see Figure 1 below), both located on the north-eastern slope of Cerro Magallanes, the prominent topographic feature formed by the volcanic flow-dome complex at the centre of the Project area. Historical sampling of the North Breccia target showed this zone of brecciated rhyolite as containing mineralization grading 2.19 g/t gold (Au) across 25 metres. A drill-hole that tested this z...