www.rivres.com
Riverside is a well-funded proven exploration team of focused proactive gold discoverers possessing a unique ability to dig much deeper. Leveraging its in-house technical knowledge, Riverside’s geologists use the Company's proprietary Mexican database—a vast treasury of field knowledge and experience spanning decades of research—when it ventures to uncover opportunities that might otherwise be overlooked. The Company's hybrid Prospect Generator/Drill Discoverer model allows Riverside to mitigate risk and conserve capital while exposing shareholders to discoveries through focused drill programs. Riverside's expertise lay in the Americas focusing on Mexico and Arizona.
Website: www.rivres.com
Riverside Resources announces two new gold targets at Catrina project in Mexico
Riverside Resources (CVE:RRI) and its partner, Mexigold (CVE:MAU), announced Tuesday they discovered two new gold targets at the Catrina gold project, located in Durango, Mexico.
The discovery comes following recent drill targeting, trenching, and a soil geochemical program at the project, consisting of 856 samples within a four-kilometre by four-kilometre area.
The new target zones, called El Palmito and El Jaspe, have gold, silver, indicator metal and mineral associations, typical for epithermal breccias pipes and hydrothermal systems, the company said. Sampling has also confirmed the presence of four previously identified exploration targets, Catrina, La Dura, Patos and El Bordo.
The results of the exploration program have identified several high priority targets for follow-up. As a result, an excavator was mobilized to the property, where surface trenching, detailed rock chip sampling, and mapping have been initiated.
The targets for a drill program at the Catrina property will be finalized using the results from the assays of 904 samples taken from the nine trenches, which cover 2,280 metres at Catrina.
"The recent work at Catrina has expanded and refined existing targets while generated new targets areas on this gold-silver project," said Riverside president and CEO, John-Mark Staude.
"This work brings the project to a drill-testing stage and we anticipate drilling to begin once Mexigold finalizes their targeting strategies and we complete a site review later this month."
At the previously discovered Catrina target, Riverside said it identified a large arsenic-gold geochemical anomaly, trending north-northeast and south-southwest. The area remains a high-priority drill target to be tested.
The previously discovered La Dura target identified a gold-arsenic-antimony-zinc soil anomaly, trending northeast, while the Patos target found a gold-silver-arsenic-antimony-lead-zinc-mercury-manganese geochemical anomaly trending northwest.
The El Bordo target, which was also previously discovered, identified elevated levels of arsenic, antimony, and lead, trending northwest, and stretching to the southeast, and northwest toward El Palmito.
The newly discovered El Palmito target displayed a lead-copper-zinc-molybdenum-gold-antimony soil anomaly. Riverside said the presence of K-feldspar veinlets, copper oxide mineralization, and intrusive rocks containing pyrite indicate the target's potential as a porphyry-copper target.
Lastly, the Jaspe target, also newly discovered, and located west of La Dura, showed a soil anomaly of gold-arsenic-lead-zinc-antimony, trending northeast.
On the TSX-Venture Exchange, Riverside shares rose 7.78% to 97-cents, as of 1:16 pm EDT.
