Riverside Reports Underground Mapping, Sampling Results from Tajitos

Resource Investing News

Riverside Resources Inc. (TSXV:RRI) announced that it has completed the first phase of underground mapping and sampling for more than 10 historic underground workings at its Mexico-based Tajitos gold project.

Riverside Resources Inc. (TSXV:RRI) announced that it has completed the first phase of underground mapping and sampling for more than 10 historic underground workings at its Mexico-based Tajitos gold project. Current work at the project is focused on refining targeting for drill testing.

The company also said that it has terminated its option agreement with Valterra Resource Corp. (TSXV:VQA) regarding the Swift Katie project.

As quoted in the press release:

The most recent exploration work was designed to trace the veins and mineralized zones and included 180 underground rock chip channel samples ranging from less than 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.

John-Mark Staude, president and CEO of Riverside, commented:

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.

Click here to read the full Riverside Resources Inc. (TSXV:RRI) press release.

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