Riverside Resources Commences Drilling at Cecilia Project with Partner Fortuna Mining
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) has announced the commencement of a 2,500m core drilling program at the Cecilia Project in Sonora, Mexico, in partnership with Fortuna Mining. The program, with a budget of USD$800,000, will initially test 3 target areas through 8 drill holes. Key targets include:
1. Cerro Magallanes breccia and dome margin
2. East target with former small-scale mine workings
3. Myra vein targets in the Mesa area
The drilling aims to explore areas with previously reported high-grade gold and silver samples, including surface channel vein samples of up to 3 g/t Au and chip samples with gold values up to 4 g/t Au. The program follows recent airborne magnetic surveys and extensive geochemistry and mapping efforts.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha annunciato l'inizio di un programma di perforazione core di 2.500 metri presso il Progetto Cecilia in Sonora, Messico, in collaborazione con Fortuna Mining. Il programma, con un budget di 800.000 USD, testerà inizialmente 3 aree di target attraverso 8 fori di perforazione. I target principali includono:
1. Breccia e margine del domo Cerro Magallanes
2. Target est con precedenti lavorazioni minerarie su piccola scala
3. Target del vena Myra nell'area Mesa
La perforazione mira a esplorare aree con campioni di oro e argento ad alto grado precedentemente segnalati, inclusi campioni di vena da canali superficiali fino a 3 g/t Au e campioni a pezzi con valori di oro fino a 4 g/t Au. Il programma segue indagini magnetiche aeree recenti e ampi sforzi di geochimica e mappatura.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha anunciado el inicio de un programa de perforación de núcleo de 2,500 m en el Proyecto Cecilia en Sonora, México, en colaboración con Fortuna Mining. El programa, con un presupuesto de 800,000 USD, probará inicialmente 3 áreas objetivo a través de 8 pozos de perforación. Los objetivos clave incluyen:
1. Brecha y margen del domo Cerro Magallanes
2. Objetivo este con antiguos trabajos mineros a pequeña escala
3. Objetivos de la veta Myra en el área de Mesa
La perforación tiene como objetivo explorar áreas con muestras de oro y plata de alta ley reportadas anteriormente, incluyendo muestras de veta de canal en superficie de hasta 3 g/t Au y muestras de fragmentos con valores de oro de hasta 4 g/t Au. El programa sigue a recientes encuestas magnéticas aéreas y amplios esfuerzos de geoquímica y mapeo.
리버사이드 리소스 인코포레이티드 (TSXV: RRI) (OTCQB: RVSDF)는 멕시코 소노라의 세실리아 프로젝트에서 포르투나 마이닝과 협력하여 2,500미터 코어 드릴링 프로그램을 시작한다고 발표했습니다. 이 프로그램은 800,000 USD의 예산으로 처음에 8개의 드릴 홀을 통해 3개의 타겟 지역을 테스트할 예정입니다. 주요 타겟은 다음과 같습니다:
1. 세로 마갈란레스 브레치아 및 돔 경계
2. 이전 소규모 광산 작업이 있었던 동쪽 타겟
3. 메사 지역의 마이라 vein 타겟
이 드릴링의 목표는 이전에 보고된 고등급 금 및 은 샘플이 있는 지역을 탐사하는 것이며, 여기에는 최대 3 g/t Au의 표면 채널 vein 샘플과 최대 4 g/t Au의 금 값을 가진 조각 샘플이 포함됩니다. 이 프로그램은 최근 항공 자기 탐사 및 광범위한 지화학 및 매핑 작업 이후에 진행됩니다.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) a annoncé le lancement d'un programme de forage à carottes de 2 500 m au Projet Cecilia dans l'État de Sonora, au Mexique, en partenariat avec Fortuna Mining. Le programme, avec un budget de 800 000 USD, testera initialement 3 zones cibles à travers 8 forages. Les cibles clés comprennent :
1. Breccia et bord de dôme du Cerro Magallanes
2. Cible est avec des anciennes exploitations minières à petite échelle
3. Cibles de la veine Myra dans la région de Mesa
Les forages visent à explorer des zones avec des échantillons d'or et d'argent à haute teneur déjà signalés, y compris des échantillons de veine de canal de surface allant jusqu'à 3 g/t Au et des échantillons avec des valeurs d'or pouvant aller jusqu'à 4 g/t Au. Le programme suit des enquêtes magnétiques aériennes récentes ainsi que d'importants efforts de géochimie et de cartographie.
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) hat den Beginn eines 2.500 m Kernbohrprogramms im Cecilia-Projekt in Sonora, Mexiko, in Partnerschaft mit Fortuna Mining bekannt gegeben. Das Programm, mit einem Budget von 800.000 USD, wird zunächst 3 Zielbereiche durch 8 Bohrlöcher testen. Die Hauptziele umfassen:
1. Cerro Magallanes Breccia und Dommarge
2. Östliches Ziel mit ehemaligen Kleinbergbauarbeiten
3. Myra vein Ziele im Mesa-Gebiet
Die Bohrungen zielen darauf ab, Bereiche mit zuvor berichteten hochgradigen Gold- und Silberproben zu erforschen, einschließlich Oberflächenkanal-Venproben von bis zu 3 g/t Au und Chipsproben mit Goldwerten von bis zu 4 g/t Au. Das Programm folgt auf kürzliche luftgestützte Magnetvermessungen sowie umfangreiche geochemische und kartographische Arbeiten.
- Partnership with Fortuna Mining provides funding for the drilling program
- Planned 2,500m drill program to test multiple high-potential targets
- Previous surface sampling revealed high-grade gold and silver values
- Integration of recent airborne magnetic survey data enhances target selection
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce the core drilling company and related equipment has arrived at the Cecilia Project ("Project") in Sonora, Mexico. Drilling will commence for the planned 2,500m, 8 drill hole program and will initially test 3 target areas at the Project. All funding with partner Fortuna Mining is in place and permits are in hand to carry forward this next phase of gold - silver exploration.
Drill Program Highlights
2,500m planned drill program for a total of 8 holes
Drilling Cerro Magallanes breccia and dome margin with the potential to drill through the dome if warranted
Drilling East target where former small scale mine workings and adits move along 4 sub-parallel vein structures of quartz containing silver grades up to over 250 g/t Ag (June 6, 2017 press release)
Myra vein targets will be the first of several Mesa targets to be drilled and tested beneath an area that returned surface channel vein samples of up to 3 g/t Au (October 2, 2018 press release)
If meters allow, to drill the Mesa Fault target along the southeast portion of the Cecilia district tenure where past chip sampling has returned gold values up to 4 g/t Au (September 21, 2020 press release)
Budget of USD
$800,000 for this phase of drilling
"We are excited to begin the drill program at the Cecilia project with our partner Fortuna Mining," stated John-Mark Stude, CEO of Riverside Resources. "We announced the agreement with Fortuna Mining in March and have spent the past six months incorporating the results from a recent airborne magnetic survey and extensive geochemistry and mapping into our past project databases and have designed an initial drill program to test three of the highly prospective targets for the project. Concurrent to the commencement of this drill campaign, our teams will collaborate on a plan to define at least four other targets in anticipation of a follow-on drill campaign as well as potential follow up drilling on these initial three. The team at Riverside has spent several years methodically advancing exploration programs at the Cecilia Project and working with a strong partner like Fortuna Mining helps take this project through the next stage of exploration and hopefully towards a major discovery."
During the recent summer field season the exploration targets were advanced with the results from a broader property-wide airborne magnetic survey which covered the complete property being integrated with an earlier detailed magnetic survey of the central Cerro Magallanes putting it into context with the full 80 km² project area. The drill program will begin with core drill testing of the Agua Prieta Breccia target on the east side of the Magallanes Dome along the contact zone of the rhyodacite dome and volcanic tuffs. The plan is to drill an angle hole up to 800m to cross the breccia features where surface gold mineralization has returned up to > 1 ounce / ton gold (September 21, 2020 press release) and shallow drill holes of 24.2m @ 1.51 g/t Au (April 15, 2021 press release) (Riverside, CED-21-005, 2021) have been intersected.
Figure 1: Geologic map with targets for Cecilia Project
Figure 2: Assay samples from this current summer 2024 field program with purple >1g up to 13 g/t Au. Labeled samples selected higher grade assays clustering in target areas shown on geologic map Figure 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/222749_dc60da2a64dfeb82_0001full.jpg
About the Cecilia Project:
Riverside Resources 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 24.2m @ 1.51 g/t Au (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. Further drill planning will look to explore for potential larger high grade targets at depths along these intercepts.
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 and breccias at the margin of the dome and potentially inside feeder structures as breccia pipes in the dome. 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 Freeman Smith, 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. The resource information for SSR Mining and Fresnillo is from their corporate public disclosure and has not been reviewed by Riverside Qualified Person.
Samples from the exploration program discussed above at the Cecilia Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard samples were randomly inserted into the sample stream prior to being sent to the laboratory.
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 is the size and scope of Riverside Resources' drilling program at the Cecilia Project?
Which partner is Riverside Resources working with on the Cecilia Project drilling?
What are the main targets for Riverside Resources' drilling at the Cecilia Project?
What were some of the high-grade gold and silver values previously found at the Cecilia Project?
