High-Grade Gold Discovered from Underground Sampling At Riverside’s Tajitos Gold Project, Sonora, Mexico
January 14, 2015 – Vancouver, BC: Riverside Resources Inc. ("Riverside" or the "Company") (TSX-V: RRI) is pleased to provide an exploration update from the Company’s 100% owned Tajitos Gold Project (the “Project”) in Sonora, Mexico. Riverside geologists have completed the first phase of underground mapping and sampling of more than 10 historic underground workings on the Project. The ongoing exploration work at Tajitos is designed to understand the controls on mineralization and improve and refine targeting for future drill testing. The shallow underground workings provide ample evidence of continuity for gold mineralization and work is defining continuity from surface to depth along shears and veins.
The most recent exploration work was designed to trace the veins and mineralized zones and included 180 underground rock chip channel samples ranging from <0.05 g/t up to 17 g/t gold. Highlights of this phase of work include:
- The sampling program returned 27 samples over 1 g/t gold, including 9 samples greater than 5 g/t gold with results reaching up to 17 g/t gold.
- Sampling in the adit which cuts across the possible thrust zone identified several narrow fault zones which contain 0.012 to 6.9 g/t Au, suggesting deeper gold targets.
- The underground sampling expands upon the past surface sampling which has produced more than 200 samples greater than 1 g/t, reaching up to 34 g/t gold.
Riverside’s President and CEO, John-Mark Staude, stated: “We believe our sampling results enhance the potential at Tajitos. Fresnillo has been drilling next door on the adjoining property over the past two years, where we believe they are beginning to develop a gold resource body. We see how recently discovered deposits have quickly become mines in the Sonora gold belt, several of which have very similar geology and mineralization to that at Tajtios. Notable comparable locations include San Francisco Mine of Timmins Gold and Noche Buena Mine of Fresnillo. The Tajitos district has had past gold production and Riverside controls one of the key central parts of the district. Riverside will follow up on the high-grade underground results with further cost effective exploration and will explore partnership opportunities to drill test the Project in 2015.”
Other Exploration Updates:
Riverside has terminated its Option Agreement with Valterra Resources for the Swift Katie Project. After more than a year of partner funded exploration and analysis it was determined that Swift Katie did not meet the criteria for further funding. Riverside will continue to focus its own capital on projects with big upside in locations that can be rapidly advanced through year-round exploration. The Company thanks Valterra and wishes them all the best with future exploration at Swift Katie.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the Tajitos Gold Project was reviewed 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.
Samples were taken to Hermosillo, Mexico where ALS Laboratory Group’s mineral division ALS Chemex crushed and pulverized each sample. The rejects remained with ALS Chemex while the pulps were transported to ALS Chemex’s ISO 9001-2008 certified laboratory in North Vancouver, BC, Canada for 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
For additional information contact:
Riverside Resources Inc.
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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