Click here to close now.


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-

--  15.85 m interval averaging 123.7 g/t silver and 0.22 g/t gold (JM DDH

--  6.25 m interval averaging 304.6 g/t silver and 0.17 g/t gold (JM DDH 14-

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:

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


"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.

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
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
We are rapidly moving to a brave new world of interconnected smart homes, cars, offices and factories known as the Internet of Things (IoT). Sensors and monitoring devices will touch every part of our lives. Let's take a closer look at the Internet of Things. The Internet of Things is a worldwide network of objects and devices connected to the Internet. They are electronics, sensors, software and more. These objects connect to the Internet and can be controlled remotely via apps and programs. ...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.