VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to announce that drilling has started with diamond core and reverse circulation (“RC”) drilling simultaneously testing two separate target areas at the Company’s Tajitos Gold Project (the “Project”) in Sonora, Mexico. This next phase of work, funded by Centerra Gold Inc. (“Centerra”) will include an estimated 6,500 metres of drilling. An initial 1,500 metres of diamond core drilling is planned on two target areas on the Tajitos claims to test coincident geologic, geochemical, and geophysical targets. An additional 5,000 metres of RC drilling is planned for the neighboring Tejo claim area to identify bedrock below the gravel cover and partially test the coincident magnetic high and IP anomaly.
The RC drilling to be carried out at the Tejo claim area, immediately southeast of Riverside’s gold bearing Tajitos claims, is designed to sample underlying bedrock along a 5 km long by 3 km wide structural, geochemical, and geophysical trend. This sampling will aid in assessing the potential for the bedrock to host disseminated gold mineralization. The trend appears to continue southeast of ground owned by Fresnillo, where that company is undertaking an extensive drilling program. Riverside has completed a new ground magnetic survey to refine potential geologic features. The ground magnetics, combined with a recent Induced Polarization (pole-dipole) survey, has aided in an understanding of potential overburden thickness.
Riverside has also begun core drilling at the Company’s Tajitos claims, which are located to the southwest and adjoining Fresnillo’s ground. Approximately 8 holes totaling 1,500 metres are planned in the western and central portions of the property. Drilling will test two target areas which exhibit characteristics typical of structurally controlled zones of low grade disseminated gold mineralization as described in Riverside’s news release dated Jan 26, 2016. These initial holes will aid in better understanding the structural geology of the property and help in planning future drilling at Tajitos.
Riverside’s President and CEO, John-Mark Staude, stated: “We are excited to have two drill rigs on site testing two different areas at the same time. The gold deposits and mines of Sonora typically take significant drilling to delineate and we are happy to be collaborating with Centerra on this initial drill campaign to better understand the system and features at Tajitos and Tejo. The target areas are very different with the Tejo large scale under-cover target having extensive prospective ground and this initial work is simply aimed to get a sense of bedrock similar to the drilling methods Riverside has used in Canada to get quantitative geologic data beneath post-mineral cover. Riverside continues to have a strong treasury and will progress with the 2016 plan that we have laid out to create shareholder value.”
About the Tajitos Project:
The ~60km² Tajitos Gold Project is located in the heart of the Sonora-Mojave Megashear Gold Belt. The Project was acquired by Riverside from a private owner and is owned by Riverside 100% with no underlying royalties. Previous work programs completed by Riverside confirmed high grade gold values in quartz veins and anomalous values of gold in fault zones with only minor quartz veining. Riverside results from rock chip geochemical sampling on the vein systems at Tajitos range from
About Riverside Resources Inc.:
Riverside is a well-funded prospect generation team of focused, proactive precious and base metal discoverers. The Company currently has more than $3,500,000 in the treasury and approximately 37,300,000 shares outstanding. The Company’s model of growth through partnerships and exploration uses the prospect generation business approach to own resources, while partners share in de-risking projects en route to discovery. Riverside has additional properties available for option with more information available on the Company’s website at www.rivres.com.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the Tajitos Gold Project was prepared and approved by Greg Myers, PhD, P.Geo, – VP, Exploration, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Reported samples were taken to Hermosillo, Mexico where Bureau Veritas Laboratory Group’s (BV) mineral division crushed and pulverized each sample. Gold fire assays with AA finish were analysed in BV Hermosillo laboratory. The rejects remained with BV in Hemosillo while the pulps were transported to BV ISO 9001-2008 certified laboratory in Vancouver, BC, Canada for multi-element ICP analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard and blank samples were randomly inserted into the sample stream prior to being sent to the laboratory.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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(778) 327-6675 (FAX)
Riverside Resources Inc.
VP, Corporate Development
(778) 327-6675 (FAX)