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Riverside Resources Completes Second Phase of Targeting at the Oakes Gold Project in Ontario, Canada
VANCOUVER, British Columbia, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: R99) an
About this update from Riverside Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: R99) announces that it has completed the second round of exploration work at the Oakes Gold Project (the “Project”) in the Beardmore-Geraldton Greenstone Belt located to the east of Red Lake and west of Timmins, Ontario. Key Highlights: 2nd round of exploration sampling program completed with new high-grade gold results Identification of the east and west extensions of the HG shear zone 600 metres of potentially mineralized strike length, with geophysics indicating potential for 2.5 km or more Additional mapping and survey work in November Refinement of drill targets in preparation for potential joint-venture partnerships Riverside’s initial sampling at the Oakes Project returned high-grade gold taken from the HG shear zone within an old trench that returned 19.7 g/t, 31.9 g/t and 6.9 g/t gold over 0.5–1.0 m channel samples perpendicular to strike (see press release July 29, 2019). The second phase of recently completed work was conducted to identify the east and west extension of this HG shear zone. Riverside geologists mapped and sampled the eastward extension on this shear and found more high-grade gold including 7 g/t gold from the HG shear zone. The new surface samples are believed to demonstrate a mineralized strike length for the HG zone of about 600 m. These samples align with older VLF (1999) and IP anomalies from a survey completed in 2010 (see Figure 1). The older geophysics shows the anomaly extends both east and west along strike suggesting a potential mineralized strike length of 2.6 km from this data. Riverside’s President and CEO, John-Mark Staude, stated: “2019 Summer field work at the Oakes Project shows good continuity and rich surface grades with large size potential. The continuity of strike along the greenstone gold belt is similar to other known major deposit targets. This was a project generated out of data integration and regional knowledge, which was then staked by Riverside as part of our Prospect Generative business. The historical drilling that hit gold provides potential for expansion. Our aim was to define compelling drill targets, which we have achieved, and we now look to develop exploration partnerships and provide our shareholders ...