|By Marketwired .||
|July 21, 2014 08:31 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/21/14 -- Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE: RRI)(PINKSHEETS: RVSDF)(FRANKFURT: R99), is pleased to announce results from the recent exploration program and upcoming plans at the Cajon Project (the "Project") in Sonora, Mexico. Riverside conducted an exploration program consisting of detailed rock sampling and structural, geologic, and short-wave infrared (SWIR) alteration mapping. This work has led to the discovery and initial delineation of gold-bearing vein zones similar to those found at the Herradura Mine (operated by Newmont-Fresnillo) located 147 km to the northwest and the San Francisco Mine (operated by Timmins Gold) located 60 km to the east. At Cajon, the initial target area of San Blas has been the primary focus so far with very promising results from rock samples taken to date. A total of 294 rock samples were collected, averaging 0.51 g/t gold (Au), including 20 samples with grades above 1 g/t Au and two samples of 37.9 and 19.11 g/t Au.
In addition to the rock samples highlighted above, sampling by previous owners included 362 rock samples with average grades of 1.39 g/t Au, including 42 samples in the range of 1 - 10 g/t and 7 samples greater than 10 Au g/t, including two of 117 and 86.0 g/t Au. Riverside geologists have now clearly defined a main target zone, which has a central core measuring 450 x 250 metres in extent showing a high density of quartz-hematite after pyrite veins. The veins are surrounded by pervasive quartz-sericite-hematite alteration and disseminated mineralization, which indicates excellent potential for a bulk tonnage gold deposit.
The Cajon Project is being advanced as part of the Riverside-Hochschild Strategic Alliance (see press release dated April 15, 2013), with Hochschild having the opportunity to earn a 65% interest in the Project by incurring $5,000,000 in exploration expenditures over four years and making a onetime $3,000,000 cash payment to Riverside. Next exploration steps at the Cajon Project will include further mapping and sampling at four other target areas on the greater than 60 km2 property and detailed work to expand the San Blas target in all directions; trenching and then drill testing are expected to follow for San Blas as well as further work on additional target areas on the Project.
Riverside's President and CEO, John-Mark Staude, commented, "We are pleased with our Alliance team's progress in the Sonora Megashear Gold Belt, as the Cajon Project moves along with trenching and expanded sampling towards drill testing while additional high-quality targets are being generated. The features we see so far are similar to many found in the known nearby gold operations of AuRico, Newmont-Fresnillo, Timmins Gold as well as past producers like those of Hecla all located within 150 km of this project. We look forward to further partner-funded results and drilling in the Sonora Megashear in the months ahead."
Further Project Details:
The Project is located within the Megashear Gold Belt of northwest Sonora, Mexico. It is 9 km east of the Cerro Colorado Mine, in Trincheras Municipality, Sonora Mexico. The San Blas target comprises a N-S trend of veins, disseminated mineralization, and mineral showings over an area of approx. 4.5 x 0.8 kilometres. Mineralization at Cajon is controlled by NNW-striking quartz-oxidized pyrite veins with quartz-sericite-oxidized pyrite alteration halos; quartz-base metal (Ag-Pb) veins; and hematite-cemented breccias. Mineralization is hosted in Precambrian megaporphyritic granite which forms a brittle, preferentially fractured host amenable to forming pathways for mineralizing gold fluids.
The mineralization at the San Blas target extends to the north and south of the main target area for up to 4.5 km, reaching historic high-grade mines at El Tiro and La Yaqui, and the currently operating Boludo Gold Placer operation to the north, and a number of historic gold operations at Las Amarillas, El Cajon, and Tierra Blanca, to the south. The mineralized trend parallels other high-grade veins in the area such as Bufalo, La Nina, Jabali and Oreros veins. The San Blas target shares several geological characteristics with the nearby Cerro Colorado, San Francisco and El Chanate gold mines in the Mohave Sonora Megashear Gold Belt.
The Company would like to announce that Joness Lang has been appointed Vice President, Corporate Development. Mr. Lang has been with the Company for four years and has played a major role in managing and growing the business (click link to view full bio: http://bit.ly/1kA9YQA). The Company would also like to welcome Fred Daley to the Company's Advisory Board. Mr. Daley recently retired after serving 15 years as VP, Exploration for Teck Resources and brings a wealth of knowledge and experience to the Company's advisory group (click link to view full bio: http://bit.ly/1tWOlmU)
Qualified Person and QA/QC:
The scientific and technical data contained in this news release pertaining to the newly acquired Cajon Project was reviewed and prepared under the supervision of Riverside's Chief Geologist, David S. Smith, MS, MBA, CPG, 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 acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Samples were taken to Hermosillo, Mexico where ALS Laboratory Group's mineral division ALS Chemex crushed and pulverized each sample. The rejects remained with ALS Chemex while the pulps were transported to ALS Chemex's ISO 9001-2008 certified laboratory in North Vancouver, BC, Canada for analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard and blank samples were randomly inserted into the sample stream prior to being sent to the laboratory.
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.
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.
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Sep. 2, 2015 03:15 PM EDT Reads: 1,618
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 2, 2015 03:15 PM EDT Reads: 620
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Sep. 2, 2015 03:00 PM EDT Reads: 433
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Sep. 2, 2015 03:00 PM EDT Reads: 285
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Sep. 2, 2015 03:00 PM EDT Reads: 1,573
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Sep. 2, 2015 02:45 PM EDT Reads: 101
DevOps Summit, 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 and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Sep. 2, 2015 02:45 PM EDT Reads: 1,567
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Sep. 2, 2015 02:15 PM EDT
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Sep. 2, 2015 02:00 PM EDT Reads: 249
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Sep. 2, 2015 02:00 PM EDT Reads: 816
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Sep. 2, 2015 02:00 PM EDT Reads: 262
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
Sep. 2, 2015 01:45 PM EDT Reads: 1,554
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 2, 2015 01:30 PM EDT Reads: 937
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Sep. 2, 2015 01:30 PM EDT Reads: 1,635
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 2, 2015 12:45 PM EDT Reads: 192