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Riverside Resources Delineates 3 Projects Within the High Lake Greenstone Belt in Ontario, Canada
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2021) - Riverside Resources Inc. &...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Resources Delineates 3 Projects Within the High Lake Greenstone Belt in Ontario, CanadaVancouver, British Columbia--(Newsfile Corp. - August 19, 2021) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\"), is pleased to provide an update on the work program progressing at the High Lake Greenstone Belt in Northwestern Ontario. The company has successfully delineated three (3) projects which are expected to move ahead with more detailed exploration.Last year Riverside staked a commanding land position of 230 square kilometers within the High Lake-Shoal Lake Greenstone Belt, containing at least two gold mineralization systems with Riverside controlling the structural geologic and intrusion boundary projections of some exploration projects historically defined. This gold-bearing belt is located immediately east of the Ontario-Manitoba border and has good highway infrastructure and extensive favorable age and types of geology. The region hosts multiple discoveries, such as the Shoal Lake deposit which contains over 347,000 ounces of gold (Inferred and Indicated; 2010, NI 43-101[1] of the KPM total). Riverside's interest in this belt has been triggered by the positive geological settings and extensive occurrences of mineralization found in the area. Recent and past production in Northwestern Ontario includes mines in the Red Lake, Rainy River and Hemlo gold districts, which collectively total over 130Moz gold. All of these active areas are located in similar greenstone belts in western Ontario. New mines and the resurgence of operations in these three gold camps is part of an overall renaissance for new development and integration of the past knowledge with new interpretations and work in this favorable mining Canadian province. Riverside's 3 projects in the High Lake - Shoal Lake Greenstone Belt:Electrum Project: 1,800 hectaresRoyal Project: 6,150 hectaresCanoe Project: 4,260 hectaresFigure 1: Riverside's claim block within the High Lake - Shoal Lake greenstone belt. Highlights of the three defined projects.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6101/93680_3250903d047ce870_002full.jpgRiverside's President and CEO, John-Mark Staude: \"In addition to our active exploration group in Mexico, Riverside is moving forward i...