Resource News

Riverside Resources Inc. (TSXV:RRI) and Sierra Madre Developments Inc. announced drill results from the Jesus Maria Mine area at the Peñoles Project in Mexico.

As quoted in the press release:

Riverside Resources Inc.  (TSXV:RRI) and Sierra Madre Developments Inc. announced drill results from the Jesus Maria Mine area at the Peñoles Project in Mexico.

As quoted in the press release:

 Highlighted results included Trench 11, which returned 15.4 metres (m) averaging 420.8 g/t silver (including a 2 m interval that assayed 2,152.2 g/t silver), and diamond drill hole JM DDH 13-06, which returned 11.85 m averaging 320.3 g/t silver including a 0.9 m interval that assayed 3,409.1 g/t silver. Diamond drill hole JM DDH 13-07 intersected a 2.1 m interval that returned 279.5 g/t silver and a 4.0 m interval that returned 532.9 g/t silver. The highlighted results are from a series of four new trenches and eight shallow drill holes that were completed during the most recent campaign to test the new exploration area east of the old workings along the Jesus Maria vein system.

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

Riverside is very pleased with the discovery of a wider vein system at Jesus Maria and looks forward to much more extensive drilling down dip and along the additional kilometer strike length. Every drill hole thus far has successfully hit silver-gold mineralization. With several other exposed vein targets with old workings, but no modern drill definition, we feel positive about the exploration potential of the system. The next round of drilling could include further holes at Jesus Maria, as well as drilling the semi-parallel vein system at San Rafael. In addition to all of the vein targets, Riverside and its partner have drilled at roughly 100-m spacing to prove up a consistent gold body at the still open gold zone at El Capitan. Overall the Peñoles District continues to be a high-quality exploration project progressing with multiple gold and silver bodies and is one of Riverside’s core assets.

To view the whole press release, click here.

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