Riverside Resources Releases Drll Results From Catrina Project and Awaits Pedernal Project Results in Durango, Mexico
March 15 2012 - 3:05PM
Marketwired
Riverside Resources Inc. (TSX
VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) ("Riverside" or the
"Company") and partner Mexigold Corp. (TSX VENTURE:MAU), are
pleased to report on recently completed drilling at both the
Catrina and Pedernal projects in Durango, Mexico. The drill program
at Catrina consisted of six diamond drill holes for a total of
1,615.40 metres, and the campaign at Pedernal included seven
diamond drill holes totaling 1,549.40 metres. Final results have
now been received for the drilling at Catrina, while assays are
still pending for the recently submitted core from Pedernal.
Catrina:
The drill program at Catrina focused on testing two of the
existing six target areas on the property. Of particular interest
was the connected Catrina-La Dura target area that covers a
1,400-metre long by 500-metre wide zone. The drill results within
this zone failed to intersect significant gold or silver values,
but indicator elements arsenic and mercury indicate that drilling
did encounter the upper levels of an epithermal system. In four of
the five holes drilled (CA-11-02 through CA-11-06), drilling
encountered zones with elevated to strongly anomalous As and Hg
over drilled lengths between 20 and 96 metres. The levels of
arsenic and mercury in the drill holes were substantially higher
than those encountered in surface trenching, indicating that
mineralization appears to be strengthening with depth at the
Catrina-La Dura target.
A detailed interpretation of the first ever drill results at
Catrina has commenced and is expected to result in further
targeting of additional drill holes on the Catrina-La Dura target.
In addition, the untested Patos, Bordo, Palmitos, and Jaspe targets
on the project show strong geochemical gold, silver, mercury,
arsenic soil anomalies and ground-magnetic high anomalies. Induced
polarization geophysics conductors and resistive bodies on those
targets that have so far been covered will help to focus potential
drilling on these targets. Riverside plans to develop further drill
targets to test these favorable settings. The property is
14,814-hectares and less than 10% of the area has so far been
tested at the Catrina concession.
Pedernal:
The drill program at the Pedernal project, located 50 kilometres
to the WSW of Catrina and 20 kilometres due west of the Penoles
Mining District, was successfully completed and all samples have
been submitted to the lab for analysis. The Pedernal drill holes
were targeted to test favorable surface rock-chip and trench gold
assays on three outcropping mineralized quartz vein zones, the
Tablones, Milpa, and Ranchito vein systems. Assay results are
pending, but examination of the core indicates that the targeted
mineralized zones were encountered in most drill holes, consisting
of variable degrees of quartz veining with varying amounts of
accompanying pyrite, calcite, chlorite, and specular hematite. The
vein textures at Pedernal (abundant matrix-supported breccia, drusy
quartz, and cockscomb quartz) suggest a strong epithermal system;
the four principal vein zones have individual strike lengths up to
3.5 kilometres and a combined strike length of 12 kilometres. The
strike length remains open as it appears to extend further under
shallow post-mineral alluvial cover.
The scientific and technical data contained in this news release
relating to the drill results at the Catrina and Pedernal Projects
was prepared by David S. Smith, MS, MBA, CPG, a 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.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Riverside Resources Inc. Joness Lang Manager,
Corporate Communications (778) 327-6671 (778) 327-6675
(FAX)info@rivres.com www.rivres.com Riverside Resources Inc. Kaley
Reid Corporate Communications (778) 327-6671 (778) 327-6675
(FAX)info@rivres.com www.rivres.com