STOCK TITAN

Riverside Resources Completes LiDAR Survey and Expanding Targeting at the Duc Project in Ontario

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) has completed a LiDAR airborne geophysical survey at its Duc Project in Ontario, Canada. The survey is part of the company's summer field program and aims to enhance targeting and define surface projections of gold-bearing structures. Key highlights include:

1. Creation of a geo-referenced 3D map with ≥100 points/m2
2. Development of digital surface and elevation models
3. Generation of accurate ground surface contour and Hill Shade Bare Earth maps

The LiDAR survey, combined with orthophotography and heli-mag data, provides a framework for the next phase of exploration. It helps identify subtle geological features, old workings, and potential gold mineralization corridors. The Duc Project is located in the Wawa Greenstone Belt, known for hosting significant gold resources like the Hemlo Mining Camp.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha completato un sondaggio geofisico aereo LiDAR presso il suo Progetto Duc in Ontario, Canada. Il sondaggio è parte del programma estivo dell'azienda e ha l'obiettivo di migliorare il targeting e definire le proiezioni superficiali delle strutture aurifere. I punti salienti includono:

1. Creazione di una mappa 3D geo-referenziata con ≥100 punti/m2
2. Sviluppo di modelli digitali di superficie ed elevazione
3. Generazione di mappe accurate del contorno del suolo e di Hill Shade Bare Earth

Il sondaggio LiDAR, combinato con l'ortofotografia e i dati heli-mag, fornisce un quadro per la prossima fase dell'esplorazione. Aiuta a identificare caratteristiche geologiche sottili, vecchi lavori e corridoi di potenziale mineralizzazione aurifera. Il Progetto Duc si trova nella Fascia Verde di Wawa, nota per ospitare risorse aurifere significative come il Campo Minerario Hemlo.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) ha completado un estudio geofísico aéreo LiDAR en su Proyecto Duc en Ontario, Canadá. El estudio es parte del programa de campo de verano de la empresa y tiene como objetivo mejorar la focalización y definir las proyecciones superficiales de las estructuras que contienen oro. Los aspectos destacados incluyen:

1. Creación de un mapa 3D geo-referenciado con ≥100 puntos/m2
2. Desarrollo de modelos digitales de superficie y elevación
3. Generación de mapas precisos del contorno del suelo y de Hill Shade Bare Earth

El estudio LiDAR, combinado con ortofotografía y datos heli-magnéticos, proporciona un marco para la próxima fase de exploración. Ayuda a identificar características geológicas sutiles, antiguos trabajos y posibles corredores de mineralización de oro. El Proyecto Duc se encuentra en el Cinturón de Greenstone de Wawa, conocido por albergar importantes recursos de oro como el Campo Minero Hemlo.

리버사이드 리소스 Inc. (TSXV: RRI) (OTCQB: RVSDF)가 캐나다 온타리오의 Duc 프로젝트에서 LiDAR 공중 지구물리 조사를 완료했습니다. 이 조사는 회사의 여름 현장 프로그램의 일환으로, 금 함유 구조물의 표면 투영을 정의하고 타겟팅을 강화하는 것을 목표로 하고 있습니다. 주요 하이라이트는 다음과 같습니다:

1. ≥100 포인트/m²의 지리 참조 3D 지도 생성
2. 디지털 표면 및 고도 모델 개발
3. 정확한 지면 윤곽선 및 Hill Shade Bare Earth 지도 생성

LiDAR 조사는 정사 사진과 헬리 매그 데이터와 결합되어 다음 탐사 단계의 프레임워크를 제공합니다. 이는 미세한 지질적 특징, 오래된 작업 및 잠재적인 금 광물화 통로를 식별하는 데 도움을 줍니다. Duc 프로젝트는 Hemlo 광산 캠프와 같은 중요한 금 자원을 보유하고 있는 Wawa 그린스톤 벨트에 위치해 있습니다.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) a achevé une étude géophysique aéroportée LiDAR sur son projet Duc en Ontario, Canada. Cette étude fait partie du programme de terrain estival de l'entreprise et vise à améliorer le ciblage et à définir les projections de surface des structures aurifères. Les points saillants incluent :

1. Création d'une carte 3D géo-référencée avec ≥100 points/m2
2. Développement de modèles numériques de surface et d'élévation
3. Génération de cartes précises de contour de sol et de Hill Shade Bare Earth

L'enquête LiDAR, combinée avec l'orthophotographie et les données heli-mag, fournit un cadre pour la prochaine phase d'exploration. Elle aide à identifier des caractéristiques géologiques subtiles, d'anciens travaux et des corridors de minéralisation aurifère potentielle. Le projet Duc est situé dans la ceinture de Greenstone de Wawa, connue pour abriter d'importantes ressources en or comme le camp minier Hemlo.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) hat eine LiDAR-Luftgeophysikuntersuchung in seinem Duc-Projekt in Ontario, Kanada, abgeschlossen. Die Untersuchung ist Teil des Sommerfeldprogramms des Unternehmens und zielt darauf ab, die Zielgenauigkeit zu verbessern und die Oberflächenprojektionen goldhaltiger Strukturen zu definieren. Zu den wichtigsten Punkten gehören:

1. Erstellung einer geo-referenzierten 3D-Karte mit ≥100 Punkten/m2
2. Entwicklung digitaler Modelle für Oberfläche und Elevation
3. Generierung genauer Bodenkontur- und Hill Shade Bare Earth-Karten

Die LiDAR-Untersuchung, kombiniert mit Orthophotografie und heli-magnetischen Daten, bietet einen Rahmen für die nächste Phase der Erkundung. Sie hilft dabei, subtile geologische Merkmale, alte Bergbauarbeiten und potenzielle Goldmineralisierungskorridore zu identifizieren. Das Duc-Projekt befindet sich im Wawa Greenstone Belt, der für sein bedeutendes Goldvorkommen wie das Hemlo-Minenlager bekannt ist.

Positive
  • None.
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce that its 100% owned subsidiary, Blue Jay Resources, has completed a Light Detection and Ranging ("LiDAR") airborne geophysical survey at the Duc Project, 50 kms southwest of the town of Kapuskasing, Ontario as part of the conclusion of a successful summer field program. Exploration work of sampling, mapping and now LiDAR provides expanded targeting and also improved definition of the surface projection of east-west Abitibi greenstone style shears and second order ENE cross structures which typically occur in this western part of the Wawa-Abitibi along the major gold-bearing breaks that host significant gold resources in the Timmins Camp.

"Our exploration team recently received the detailed LiDAR survey which now is part of our wrapping up the successful summer exploration program on the Duc Project in Ontario and we look forward to following up with the further interpretations and targeting using the LiDAR survey and Orthophoto," stated John-Mark Staude, CEO of Riverside Resources. "The project is situated within the Wawa Greenstone Belt which hosts high-grade gold in large district structures such as Hemlo Mining Camp which has produced over 30M Oz Au (Barrick annual reports), and we believe that further exploration at Duc, in anticipation of a drill program, continues to show growing discovery potential."

"Precious metals, and in particular gold, have seen significant investment interest and subsequent price increases this year," added Staude. "We have a strong property portfolio in the important gold producing province of Ontario and are excited to push forward on further exploration efforts in this very supportive gold price environment."

Highlighted Results of the Completed LiDAR Survey:

The survey provides new Geo-referenced 3D map and point cloud of the area ≥100 points/m2 making a detailed surface map useful for tracking sampling, field work and structural geologic interpretations.

  • A ≤20 cm digital surface model (DSM)
  • An accurate digital elevation model (DEM)
  • An accurate ground surface contour map
  • An accurate Hill Shade Bare Earth map

Combining LiDAR with the Orthophoto and heli-mag provides the framework for the next phase of Duc exploration work going into the winter season.

LiDAR is a very useful, relatively new technology whereby surface outcrop patterns suggestive of underlying geology and structure can be identified including subtle aspects and seeing through the surface trees and plant cover that can hide surface details. This survey which distinguishes down to the multi-centimeter scale was also coupled with orthophotography remote sensing images and techniques. This combination of LiDAR and orthophoto combined relies on rigorous, high-quality data collected under strict QA/QC standards and is most useful for delineating linear features such as faults or resistant rock types such as silicification. LiDAR helps with structural geological interpretation, outcrop mapping and accurately identifying areas of past work which in turn helps design sampling and mapping programs that focus on geological contacts, shear zones and faults. Through this LiDAR survey at Duc old workings and diggings have been identified which were not previously noted due to tree and plant cover. The past excavations and the airborne geophysics completed by Riverside will help to focus field follow up sampling programs.

The LiDAR methods are very useful for modelling faults subject to hydrothermal alteration which could host gold mineralization and are one of the main gold target types for Duc. The faults from the past field mapping were primarily tracked using the helicopter airborne magnetics and processed images from this data. But now with LiDAR and orthophoto thus combining the three surveys the Duc fault structures and generational sequence is more clearly decipherable with attention to potential mineralization corridors, fold noses, structural intersections that are generally gold exploration targets. This data accentuates the NE fabric and the intersecting N-S and NW off sets which could be post the main mineralization thus with the LiDAR the Company can potentially define more extensive offset gold zones

About the Duc Project

The Duc Project is located in the Porcupine Mining Division, approximately 50 km southwest of Kapuskasing, Ontario. Covering 580 hectares, it sits within the highly prospective Kapuskasing Structural Zone, near the open-pit phosphate mine of Agrium Ltd. The property is underlain by a mix of metasedimentary and metavolcanic rocks, with potential for gold and rare earth element (REE) mineralization. Recent exploration, including a 2023 helicopter magnetics survey, has confirmed key structural elements and identified promising areas for follow-up targeting work.

The Company is leading exploration efforts at Duc, focusing on gold mineralization and potential platinum group metals (PGMs). Historical drilling and geophysical data suggest significant gold and nickel potential, while current geophysical surveys have highlighted new targets. Planned work includes further integration of the new geophysical surveys, geochemical analysis, and then drilling to refine these targets and advance the project towards more detailed exploration.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Duc Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources 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 $5M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside's own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company's website at www.rivres.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226736

FAQ

What is the significance of the LiDAR survey completed by Riverside Resources (RVSDF) at the Duc Project?

The LiDAR survey provides detailed 3D mapping and enhances structural geological interpretation, helping to identify potential gold-bearing structures and mineralization corridors. It improves targeting for future exploration efforts at the Duc Project.

Where is the Duc Project located and what is its geological significance?

The Duc Project is located 50 km southwest of Kapuskasing, Ontario, within the Wawa Greenstone Belt. This region is known for hosting significant gold resources, including the Hemlo Mining Camp, which has produced over 30 million ounces of gold.

How does the LiDAR survey complement other exploration methods used by Riverside Resources (RVSDF) at the Duc Project?

The LiDAR survey complements helicopter airborne magnetics and orthophotography, providing a comprehensive dataset for geological interpretation. It helps identify subtle features, old workings, and potential mineralization that may not be visible through other methods.

What are the next steps for Riverside Resources (RVSDF) following the completion of the LiDAR survey at the Duc Project?

Riverside Resources plans to use the LiDAR data, along with other survey results, to guide further interpretations and targeting. The company is preparing for the next phase of exploration, including potential follow-up sampling programs and anticipation of a future drill program.

RIVERSIDE RES INC NEW

OTC:RVSDF

RVSDF Rankings

RVSDF Latest News

RVSDF Stock Data

7.72M
70.95M
5.12%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Vancouver