Riverside Resources Completes Drilling at Naranjo, Shifts Focus on Huacana

Riverside Resources Inc. (TSXV:RRI) provided updates from their activities at the Naranjo and Huacana projects in Mexico.

As quoted in the press release:

The drilling of three magnetic high anomalies was completed by Riverside at the Naranjo Project in Jalisco, Mexico, an iron-oxide copper gold (IOCG) target. The drill results intersected formational magnetite and did not discover a large iron body as had been hoped, following positive indications from airborne geophysics. With this target successfully tested, the Alliance has shifted focus to the more advanced Huacana Project.

Riverside’s President and CEO, John-Mark Staude, said:

We are pleased to have completed drilling at Naranjo, and although disappointed not to make a new grassroots discovery, we were able to give our stakeholders a shot at a big success while limiting the share dilution and direct costs through our Prospect Generator business model.

To view the whole press release, click here.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is Gold a Good Investment? Gold Price Forecast 2015 

There Is No Guide to Gold That is More Concise, Clear and Authoritative.

Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .

Leave a Reply