Welcome!

News Feed Item

Riverside Resources and Partner Morro Bay Resources Drill 251.2 g/t Silver and 0.79 g/t Gold Over 9.5 Metres at the Penoles Gold-Silver Project in Durango, Mexico

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/23/14 -- Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99), is pleased to announce the results from an additional six (6) drill holes that were completed at the recently discovered Jesus Maria South Zone (the "Zone") at the Penoles Project (the "Project") in Durango, Mexico. The Company believes that these results confirm the continuity and extent of the near surface Zone away from areas of historic mining.

The assay results included the following highlighted intervals:

--  9.5 m interval averaging 251.2 g/t silver and 0.79 g/t gold (JM DDH 14-
    27) 
    
--  15.85 m interval averaging 123.7 g/t silver and 0.22 g/t gold (JM DDH
    14-25) 
    
--  6.25 m interval averaging 304.6 g/t silver and 0.17 g/t gold (JM DDH 14-
    26) 
    

The final six holes of the program were drilled over a strike length of approximately 200 metres, to the east of JM DDH 14-24 (see Riverside's press release dated June 9, 2014), and successfully demonstrated good continuity of mineralization at the Jesus Maria South Zone. The area tested by these six holes lies within the area where Jesus Maria and Jesus Maria South start to merge (see Figure 1). All six holes (JM DDH 14-25 through JM DDH 14-30) encountered significant mineralization, as can be seen in the table below:

----------------------------------------------------------------------------
Hole ID         From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Pb (%) Zn (%)
----------------------------------------------------------------------------
JM DDH 14-25       20.10  35.95        15.85    0.222    123.7   0.02   0.05
----------------------------------------------------------------------------
and                52.20  72.05        19.85    0.350     70.1   0.90   0.13
----------------------------------------------------------------------------
JM DDH 14-26       11.00  17.25         6.25    0.176    304.6   0.04   0.06
----------------------------------------------------------------------------
and                33.65  50.20        16.55    0.453     54.5   0.65   0.78
----------------------------------------------------------------------------
including          33.65  41.00         7.35    0.817    109.5   1.29   1.32
----------------------------------------------------------------------------
JM DDH 14-27        1.95  39.00        37.05    0.395   125.05   0.12   0.13
----------------------------------------------------------------------------
including          15.95  25.45         9.50    0.794    251.2   0.20   0.16
----------------------------------------------------------------------------
including          29.95  37.10         7.15    0.482    190.1   0.24   0.16
----------------------------------------------------------------------------
JM DDH 14-28       14.40  38.70        24.30    0.334    39.65   0.02   0.10
----------------------------------------------------------------------------
including          32.10  36.55         4.45    0.297    122.5   0.04   0.27
----------------------------------------------------------------------------
JM DDH 14-29        7.35  28.45        21.10    0.129     34.2   0.03   0.08
----------------------------------------------------------------------------
and                37.30  43.75         6.45    0.209     77.8   0.05   0.13
----------------------------------------------------------------------------
JM DDH 14-30       16.80  56.90        40.10    0.188     55.2   0.05   0.12
----------------------------------------------------------------------------
including          25.05  29.75         4.70    0.386    136.7   0.16   0.18
----------------------------------------------------------------------------
including          41.50  45.25         3.75    0.259    164.4   0.14   0.14
----------------------------------------------------------------------------

All reported intervals are core lengths, true widths have not yet been determined

Riverside's President and CEO, John-Mark Staude stated, "Riverside is pleased with the final results of this latest round of drilling at the Jesus Maria South Zone, with all holes intersecting a consistent trend, grade and estimated width. We are very pleased with all of the progress and partner funded exploration and drilling that has taken place at the Penoles Project, and believe there is still significant upside and growth potential with a number of compelling targets either untested, or open in multiple directions."

To view Figure 1: Drill Hole Location Map, please visit the following link:

http://media3.marketwire.com/docs/PenolesProject.pdf

About the Penoles Project:

The Penoles Project is located in the Durango silver-gold belt in north-central Mexico and is currently owned 100% by Riverside. The recently completed drill program was conducted pursuant to a commitment by Morro Bay Resources Ltd. ("Morro Bay") to perform $750,000 of exploration work on the property during the first part of 2014. Morro Bay can complete its option to earn an initial 51-per-cent interest in the property by paying USD$1.35-million in cash to Riverside and paying USD$1.5-million worth of Morro Bay shares (or cash at Morro Bay's option, provided that if the market value of the Morro Bay shares is less than five cents based on a 30-day volume-weighted average price, such payment must be made in cash) by June 30, 2014.

Riverside News and Updates:

For those wishing to receive Riverside news directly to their inbox, please click the following link: Riverside Mailing List

Qualified Person and QA/QC:

The scientific and technical data contained in this news release pertaining to the Penoles Project was reviewed by Howard Davies, MAIG - VP Exploration, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic 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.

According to Morro Bay, all drill cores were placed in numbered boxes and transported to Morro Bay's secure core facilities by the drill contractor. Following detailed core logging all core was split using a diamond bladed core saw under the direct supervision of Morro Bay's geologic staff with half of the core kept on site in the original core boxes. All drill samples were sealed in numbered plastic bags and transported to Inspectorate America Assay labs facility in Durango City for prep work and analyzed at their facilities in Reno. Inspectorate America is certified for the provision of assays and geochemical analysis (ISO:9001-2008). All samples were prepared using standard industry prep methods followed by fire assay analysis and aqua regia digest for trace elements. All samples with greater than 10 g/t Au or 100 g/t silver were additionally tested by fire assay with a gravimetric finish. Morro Bay has included appropriate industry certified standards and blanks within the drill core sample stream in addition to the standards and duplicates included as part of the Inspectorate QA/QC program.

About Riverside Resources Inc.:

Riverside is a well-funded prospect generation team of focused, proactive precious and base metal discoverers with the breadth of knowledge to dig much deeper. The Company currently has more than $4,500,000 in the treasury and approximately 37,000,000 shares outstanding. The Company's model of growth through partnerships and exploration uses the prospect generation business approach to own resources, while partners share in de-risking projects en route to discovery. Riverside has additional properties available for option with more 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

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.

Contacts:
Riverside Resources Inc.
John-Mark Staude
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
www.rivres.com

Riverside Resources Inc.
Joness Lang
Manager, Corporate Development
[email protected]
(778) 327-6675 (FAX)
(877) RIV-RES1
www.rivres.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Since we launched LinuxONE we learned a lot from our customers. More than anything what they responded to were some very unique security capabilities that we have," explained Mark Figley, Director of LinuxONE Offerings at IBM, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.