Riverside Completes Acquisition and Interpretation of Aeromagnetic Drone Survey at the Cecilia Project in Sonora, Mexico
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) has completed a detailed aeromagnetic drone survey at the Cecilia Project in Sonora, Mexico. The survey identified a new magnetic anomaly area of 6 x 2 km² in the southwest part of the project, displaying structural controls similar to the main Cerro Magallanes target area. This discovery expands the focus of upcoming exploration activities.
The project, covering over 60 km², is a district-scale gold and silver, low-sulfidation epithermal system. It is currently optioned with Fortuna Mining, with Riverside as the operator. The company has completed geophysics, geochemistry, and geological integration to improve drill targets. A fully funded drill program is scheduled to start in early Q4, 2024.
The new UAV magnetic data covers the entire project area, with 658 line kilometers flown. The results revealed strong NW-trending magnetic lineaments in the southwestern corner, similar to previously mined and drilled Au-mineralization structural trends. This data will aid in refining targets and planning future exploration efforts.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha completato un dettagliato rilievo aeromagnetico con droni presso il Progetto Cecilia in Sonora, Messico. Il rilievo ha identificato una nuova area di anomalia magnetica di 6 x 2 km² nella parte sud-ovest del progetto, mostrando controlli strutturali simili a quelli della principale area target di Cerro Magallanes. Questa scoperta amplia il focus delle prossime attività di esplorazione.
Il progetto, che copre oltre 60 km², è un sistema epithermale a bassa solfatazione d'oro e argento su scala distrettuale. Attualmente è in opzione con Fortuna Mining, con Riverside come operatore. L'azienda ha completato studi geofisici, geochimici e integrazione geologica per migliorare gli obiettivi di trivellazione. Un programma di trivellazione completamente finanziato è previsto per inizio Q4 2024.
I nuovi dati magnetici UAV coprono l'intera area del progetto, con 658 chilometri di linee sorvolate. I risultati hanno rivelato forti lineamenti magnetici orientati a NW nell'angolo sud-ovest, simili a tendenze strutturali di mineralizzazione Au precedentemente estratte e perforate. Questi dati aiuteranno a perfezionare gli obiettivi e pianificare future attività di esplorazione.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha completado un detallado estudio aeromagnético con drones en el Proyecto Cecilia en Sonora, México. El estudio identificó una nueva área de anomalia magnética de 6 x 2 km² en la parte suroeste del proyecto, mostrando controles estructurales similares a los de la principal área objetivo Cerro Magallanes. Este descubrimiento amplía el enfoque de las próximas actividades de exploración.
El proyecto, que abarca más de 60 km², es un sistema epithermal de oro y plata de baja sulfidación a escala de distrito. Actualmente está en opción con Fortuna Mining, siendo Riverside el operador. La empresa ha completado estudios geofísicos, geoquímicos e integración geológica para mejorar los objetivos de perforación. Un programa de perforación totalmente financiado está programado para comenzar a principios del Q4 de 2024.
Los nuevos datos magnéticos de UAV cubren toda el área del proyecto, con 658 kilómetros de líneas voladas. Los resultados revelaron fuertes lineamientos magnéticos en dirección NW en la esquina suroeste, similares a las tendencias estructurales de mineralización de Au previamente minadas y perforadas. Estos datos ayudarán a refinar los objetivos y planificar futuros esfuerzos de exploración.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF)는 멕시코 소노라에 있는 세실리아 프로젝트에서 드론을 이용한 상세한 공중 자력 조사(Aeromagnetic survey)를 완료했습니다. 이번 조사는 프로젝트 남서부에 6 x 2 km²의 새로운 자력 이상점 지역을 식별했으며, 주요 세로 마갈란스 목표 지역과 유사한 구조적 제어를 보여주었습니다. 이번 발견은 다가오는 탐사 활동의 초점을 확대할 것입니다.
이 프로젝트는 60 km² 이상의 면적을 차지하며, 저황화 에피터말 금 및 은 시스템으로서 지역적 규모를 가진 것입니다. 현재 Fortuna Mining과 옵션 계약을 체결하였으며, Riverside가 운영하고 있습니다. 이 회사는 드릴링 목표를 개선하기 위해 지구물리학, 지구화학, 그리고 지질 통합을 완료했습니다. 전체 자금이 지원된 드릴 프로그램은 2024년 4분기 초에 시작될 예정입니다.
새로운 UAV 자기 데이터는 전체 프로젝트 영역을 커버하며, 658km의 선로를 비행했습니다. 결과는 남서쪽 모서리에 NW 방향으로 강한 자기 선형구조를 드러냈으며, 이는 이전에 채굴 및 시추된 Au 미네랄화 경향과 유사합니다. 이 데이터는 목표를 정제하고 향후 탐사 노력을 계획하는 데 도움이 될 것입니다.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) a complété une étude aéro-magnétique détaillée par drone sur le Projet Cecilia à Sonora, Mexique. L'étude a identifié une nouvelle zone d'anomalie magnétique de 6 x 2 km² dans la partie sud-ouest du projet, affichant des contrôles structurels similaires à ceux de la principale zone cible de Cerro Magallanes. Cette découverte élargit l'objectif des prochaines activités d'exploration.
Le projet, couvrant plus de 60 km², est un système épithermal d'or et d'argent à faible sulfidation à l'échelle du district. Il est actuellement basé sur un contrat avec Fortuna Mining, Riverside étant l'opérateur. L'entreprise a complété des études géophysiques, géochimiques et d'intégration géologique afin d'améliorer les cibles de forage. Un programme de forage entièrement financé est prévu pour débuter au début du Q4 2024.
Les nouvelles données magnétiques UAV couvrent l'ensemble de la zone du projet, avec 658 kilomètres de lignes volées. Les résultats ont révélé de forts linéaments magnétiques orientés NW dans le coin sud-ouest, similaires aux tendances structurelles de minéralisation Aurifère précédemment exploitées et forées. Ces données aideront à affiner les cibles et à planifier les futurs efforts d'exploration.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) hat eine detaillierte aeromagnetische Drohnenuntersuchung beim Cecilia-Projekt in Sonora, Mexiko, abgeschlossen. Die Untersuchung identifizierte ein neues magnetisches Anomalie-gebiet von 6 x 2 km² im Südwesten des Projekts und zeigt strukturelle Kontrollen, die dem Hauptzielgebiet Cerro Magallanes ähneln. Diese Entdeckung erweitert den Fokus der bevorstehenden Erkundungsaktivitäten.
Das Projekt, das über 60 km² umfasst, ist ein epithermales System mit viel Gold und Silber und geringer Sulfidation im Maßstab eines Distrikts. Es ist derzeit mit Fortuna Mining verpachtet, wobei Riverside als Betreiber fungiert. Das Unternehmen hat Geophysik-, Geochemie- und geologische Integrationsstudien abgeschlossen, um die Bohrziele zu verbessern. Ein vollständig finanziertes Bohrprogramm ist für Anfang Q4 2024 geplant.
Die neuen UAV-magnetischen Daten decken das gesamte Projektgebiet ab, mit 658 Linienkilometern, die geflogen wurden. Die Ergebnisse zeigten starke NW-ausgerichtete magnetische Lineamente in der südwestlichen Ecke, ähnlich den zuvor abgebauten und bohrten Au-Mineralisierungstrends. Diese Daten werden dabei helfen, die Ziele zu verfeinern und zukünftige Erkundungsbemühungen zu planen.
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Upcoming exploration to focus on new magnetic anomaly.
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2024) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to update progress on the Cecilia project where Riverside is working with Fortuna Mining Corp (TSX: FVI) (see March 13, 2024 press release). The Company has completed detailed magnetic susceptibility data acquisition for the entire project area and identified a new magnetic anomaly area of 6 x 2 km² in the southwest part of the project. The company believes this area displays many classic structural controls similar to the mineralization found at the main Cerro Magallanes target area of the project and can become an additional focus of the upcoming exploration activities as well as the already permitted and planned upcoming drill program that is fully funded and scheduled to start in early Q4, 2024.
The current technical work program is completing now as the project moves next to drill testing. The work that has been completed for evaluating and improving drill targets includes geophysics, geochemistry and geology being integrated. The Cecilia Project has good road access with the project located 40 km southwest of Agua Prieta (Mexico-USA border) and 250 km northeast of the capital city of Hermosillo. The project is a titled and
John-Mark Staude, CEO of Riverside, states, "We are delighted to receive this excellent and detailed aeromagnetic survey for the entire 60 km² area from our work with Fortuna Mining on the Cecilia district exploration. We had full access to the surface for conducting field follow-up allowing the project to progress significantly over the past 6 months. Further, the discovery of a new anomaly is an exciting development and we look forward to undertaking additional exploration work on this discovery over the coming months as well as the fully funded drilling. Having the drill permit, mineral title and funding with a partner aligned in our exploration creates the platform for potential success with drilling activities proceeding in the near term. We look forward to the drill turning and having results from this project as well as updates on other activities that are underway into the fourth quarter of 2024."
Riverside has completed the acquisition of aeromagnetic data expanding on an earlier and more focused survey where Riverside drilled and intersected gold mineralization. The new UAV magnetic data now covers the entire Cecilia project area of 60 km² with Riverside having full access to the entire property featuring a total flying of 658 line kilometers. Using this new, higher resolution magnetic data aids in interpreting and refining previous targets identified by Riverside. The results identified strong NW-trending magnetic lineaments in the southwestern corner of the project area (Figure 1). This data was not available in earlier results whereby the Company now has access to this region for the first time. This new magnetic anomalous area reflects a strong NW-trend which is similar to the main previously mined and drilled Au-mineralization structural trends like the San Jose Structural trend and Mesa Target (Figure 1A). Additionally, these lineaments bound the Magallancito dome and may be related to sharp contacts or fault-related contacts of intrusions around this target. Such strong structural features are typical of other major mining dome districts including Yanacocha, Peru and Mulatos, Sonora.
Some perpendicular magnetic lineaments in the project appear to define NE-trending zones along strike that generally serve as the main mineralization controls in the district and at surface have associated occurrences of Au-Ag mineralization (e.g. Agua Prieta Trend, Figure 1B). The new areas provide additional future focuses further expanding the planned program and continuing to grow the targeting of the project. Structural intersections in the mineralized dome districts of Mexico and other countries such as in Peru, Bolivia and USA often define focused locations of geologic faults which can provide fluid pathways for higher grade hydrothermal breccias and mineralization.
The acquisition and processing of the magnetic data were completed by Zonge International, Inc. This resulted in the merging and leveling of the historic UAV databases acquired recently by Riverside in the Magallanes Target, producing various merged data interpretations including; total magnetic intensity, reduction to the pole, 1st vertical derivative, and tilt derivative of the reduction to the pole processing's. The updated 3D inversion model helps delineate the targets at depth and is being used for modeling drill collars and plans for upcoming drilling. This drilling is expected to start in the fourth quarter of 2024, with Fortuna Mining as the funding partner.
Figure 1.
A. Updated 1:10.000 geological map of the Cecilia project.
B. New target area at Magallancito over Total Magnetic Intensity (TMI) Reduced to North Pole map. The target areas dashed with scales of multiple kilometers.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/219104_17c80cf5a451ea58_002full.jpg
About the Cecilia Project:
Riverside Resources owns the project and has undertaken comprehensive exploration efforts at the property, including drilling activities that have yielded significant gold intercepts. Notably, drill results have intersected near surface promising intercepts such as 24.2 meters at 1.51 grams per ton of gold (April 15, 2021 press release) within the rhyodacite dome, showcasing the property's gold at shallow depths which also has been mined in over a dozen locations including some substantial small scale underground prospect mining. The project has potential to follow these intercepts and go for larger targets at depth is the next planned drilling activity.
One distinguishing aspect of this project is the potential to preserve a fertile dome system. The Magallanes Target, situated at the central part of the project, exhibits interaction within extensive NE and NW structures, presenting a compelling opportunity for the discovery of epithermal gold-silver style mineralization. This geological scheme of the Cecilia Project resembles the Tertiary-age rhyolite systems, like the La Pitarrilla Ag-Pb-Zn project (~800M oz AgEq*) and Fresnillo's San Julian Ag-Au Mine (~350M oz AgEq**), both situated in Durango, Mexico in the similar Sierra Madre Volcanic Province to Cecilia.
*Mineral Resource estimate for the Pitarrilla Ag Pb Zn Project, Durango, Mexico, SSR Mining, March, 2023.
**Obtained from Fresnillo public presentation, Hermosillo, October, 2016
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the Cecilia Project was reviewed and approved by Julian Manco, P.Geo, a non-independent qualified person to Riverside Resources focusing on the work in Sonora, Mexico, who is responsible for ensuring that the 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.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over
ON BEHALF OF RIVERSIDE RESOURCES INC.
"John-Mark Staude"
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com
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.
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FAQ
What new discovery did Riverside Resources make at the Cecilia Project in August 2024?
When is Riverside Resources (RVSDF) planning to start drilling at the Cecilia Project?
What is the size of the Cecilia Project area covered by Riverside Resources' new aeromagnetic survey?
Who is Riverside Resources' partner in the Cecilia Project as of August 2024?
What type of mineral system is the Cecilia Project, according to Riverside Resources' August 2024 update?
