Riverside Resources Inc. (TSXV:RRI) announced that partner-funded drilling is underway at their Penoles Project.
As quoted in the press release:
Riverside’s partner, Sierra Madre Developments Inc. is starting a minimum 1,500-meter drill program and is planning to test various parts of the high-grade Jesus Maria silver-gold vein system. The proposed diamond drill program will initially test beneath and adjacent to surface-sampled trench areas and along the structural trend of the vein system, and targets shallow intercepts along strike from high-grade Ag-Pb-Zn historic mine workings. This drilling is on less than 1 square kilometer of the >300 km² land package, which has more than 10 additional target areas controlled by Riverside in the historic Penoles District in northern Durango state, Mexico.
Riverside’s President and CEO,John-Mark Staude, said:
We are pleased to have drilling begin again as we believe there is potential for significant silver discoveries. The two initial target areas of Jesus Maria and San Rafael show potential for discovery at depth and we look forward to drill results and expanded exploration. Riverside is a significant shareholder of Sierra Madre and is delighted to continue testing targets and unlocking potential.