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project images - sugarloaf peak

Sugarloaf Peak Gold Project

  • Commodity:
  • Location:
  • Size:
  • Status:
  • Gold
  • Arizona, USA
  • 24 km²
  • Sold to Croesus Gold Corp
  • Exploration Update
  • Property Details
  • Diagrams
  • Drill Results
  • Photo Gallery

OVERVIEW

Acquired in 2008, the Sugarloaf Peak Project has over 70 drill holes, deep IP (Titan-24 survey), aeromagnetics, and extensive mapping and sampling across the 24 km² property. The central target area includes a near surface, large low-grade gold system that could be related laterally or overtop of a porphyry copper system. Riverside completed exploration and drilling that was followed by $3M in exploration and geophysics work completed during 2011-2012 by a former partner. Croesus Gold Corp. has subsequently acquired a 100% interest by making staged cash and share payments to Riverside and will now carry the project forward.

Croesus Gold Corp. is a private company that plans to complete a go-public transaction in 2016-2017. Riverside maintains solid exposure to partner or project success through its ownership of 3,000,000 Croesus shares and 2% NSR on the Sugarloaf Peak Project.  

 

QUALIFIED PERSON, QA/QC & TECHNICAL DISCLOSURES

Ron Burk, P. Eng., 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.

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project images - sugarloaf peak

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