Categories
Base Metals Energy Junior Mining Project Generators Riverside Resources

Riverside Resources Delineates 3 Projects Within the High Lake Greenstone Belt in Ontario, Canada

Vancouver, British Columbia–(Newsfile Corp. – August 19, 2021) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to provide an update on the work program progressing at the High Lake Greenstone Belt in Northwestern Ontario. The company has successfully delineated three (3) projects which are expected to move ahead with more detailed exploration.

Last year Riverside staked a commanding land position of 230 square kilometers within the High Lake-Shoal Lake Greenstone Belt, containing at least two gold mineralization systems with Riverside controlling the structural geologic and intrusion boundary projections of some exploration projects historically defined. This gold-bearing belt is located immediately east of the Ontario-Manitoba border and has good highway infrastructure and extensive favorable age and types of geology. The region hosts multiple discoveries, such as the Shoal Lake deposit which contains over 347,000 ounces of gold (Inferred and Indicated; 2010, NI 43-101[1] of the KPM total). Riverside’s interest in this belt has been triggered by the positive geological settings and extensive occurrences of mineralization found in the area. Recent and past production in Northwestern Ontario includes mines in the Red Lake, Rainy River and Hemlo gold districts, which collectively total over 130Moz gold. All of these active areas are located in similar greenstone belts in western Ontario. New mines and the resurgence of operations in these three gold camps is part of an overall renaissance for new development and integration of the past knowledge with new interpretations and work in this favorable mining Canadian province.

Riverside’s 3 projects in the High Lake – Shoal Lake Greenstone Belt:

  • Electrum Project: 1,800 hectares
  • Royal Project: 6,150 hectares
  • Canoe Project: 4,260 hectares



Figure 1: Riverside’s claim block within the High Lake – Shoal Lake greenstone belt. Highlights of the three defined projects.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6101/93680_3250903d047ce870_002full.jpg

Riverside’s President and CEO, John-Mark Staude: “In addition to our active exploration group in Mexico, Riverside is moving forward in Canada not only with the recent deal with iMetal Resources but also with new High Lake Greenstone portfolio of projects that present strong potential for new gold discoveries. Ontario’s greenstone belts have been producing world-class size gold resources and continue to deliver new discoveries like in Red Lake with the Great Bear and Pure Gold companies among a host of others. We are glad to be part of this momentum in northwestern Ontario and to be able to bring three additional 100%-Riverside owned projects with strong discovery potential into our portfolio.

Electrum Project:

This project has many documented occurrences of gold, copper, and silver at surface, primarily structurally related and hosted within granitoids and at contact with meta-volcanics similar to features in the Manitoba and western Ontario orogenic gold greenstone gold camps. Riverside’s mineral tenure has been previously explored with 4 core drill holes, including an intercept of 0.9 m of 8.99 g/t Au (Internal technical reporting, 2005). Historical soil and rock sampling have reported anomalous grade in gold, copper, molybdenum and silver all of which can be used for vectoring of mineralization and on which Riverside is putting more to. The mineralization on Riverside’s 100% owned property is adjacent and follows the same structures and lithology of the drilled mineralization body found adjacent on the internal concession known as the High Lake Property not on Riverside’s concessions (see Figure 2 below), bringing interest on testing the high-grade targets and system for finding new discoveries associated with this area.



Figure 2: Map Area of Riverside’s Electrum project, showing geology and historical findings across the properties and the adjacent non-compliant Au resource.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6101/93680_3250903d047ce870_003full.jpg

Royal Project:

Historical exploration of the Royal Project has defined many base metals occurrences with characteristics suggestive of volcanogenic massive sulfide (VMS) mineralization. This project, which lies to the east of the Electrum Project shows variation in geology, including alternating meta-volcanics and meta-sedimentary units folded along a primary E-W axis. Historical data highlights anomalies in base metals and VMS style mineralization at surface and some geophysics surveys by different companies and particularly by Noranda Exploration Company Ltd (1990), which highlighted several strong conductors that have yet to be drill tested. This style of environment has proven favorable in many deposits in Ontario, including the Rainy River Gold deposit located approximately 100 km to the south of the Project.



Figure 3: Focused map for Riverside’s Royal project, showing geology and historical findings across the properties with geological features similar to that of the Rainy River mining area.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6101/93680_3250903d047ce870_004full.jpg

Canoe Project:

The Canoe project is located along the edge of the main pluton bounding the known Shoal Lake gold deposit to the north which host over 347,000 ounces of gold. The area shows noted anomalies at surface and in drill holes of Cu-Zn-Au especially at the contact between the pluton and the meta-volcanics. As with the other two projects, the Canoe project is located along a key structural feature which is oriented NE and merging into EW to the north of the property. Historical work includes drill holes by Teeshin Resources Ltd., (1988), trenching, surface sampling and EM geophysics. Presence of gold to the southwest of the property is particularly abundant and can be traced into Riverside’s property (see Figure 4 below).



Figure 4: Geologic map of Riverside’s Canoe project, showing geology and historical findings across the properties. This is a portion of the full High Lake Greenstone Area controlled by Riverside Resources.

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/6101/93680_3250903d047ce870_005full.jpg

Moving forward, Riverside will be focusing attention on these three projects that all display excellent locations and have the potential to host the geological and structural settings favourable for future discoveries. Field work to date has been positive and the accessibility, favorable geology and presence of large-scale structures makes the High Lake Greenstone Area a key new opportunity for the Company.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

All data represented here from historical reporting, including but not limited to, drill results and resource estimates are historical in nature and require caution readers as the vintage work.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 72M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with 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

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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.

[1] Publication – Technical Report on the Shoal Lake West Project, Northwestern Ontario, Canada Publication Number: 2008 43-101Date: 2008 Author: Valliant, W.W. and Chamois, P., Publisher Name: Scott Wilson Mining for Hays Lake Gold Inc., Reference Location: SEDAR

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93680

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

BHP and Riverside Resources Extend Exploration Funding Agreement for Third Year for Copper Exploration in Sonora, Mexico


Press Release


Corporate Presentation

https://youtu.be/O2KmBj9tcqc

Riverside’s President and CEO, John-Mark Staude: “Riverside is very pleased to be advancing the copper exploration program with BHP. The global demand for copper continues to increase and securing this additional year of increased funding puts Riverside in a great position to pursue copper opportunities more aggressively with our funding partner. We have a number of projects within the program advancing towards the drill stage and this added generative funding will allow us to grow the portfolio concurrently.

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Proven and Probable

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources and Carlyle Commodities Prepare for Drilling at the Cecilia Project, Sonora, Mexico


Press Release


Corporate Presentation

https://youtu.be/G-4twSt6v8c

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6101/72991_37c97cfae41ac893_002.jpg

Riverside’s President and CEO, John-Mark Staude: “We are starting 2021 strong with an exciting drill program at the Cecilia Project. Recent exploration work has demonstrated the potential for high-grade gold mineralization at structural intersections namely the San Jose fault and the Agua Prieta structural corridor. Further work on the other target areas to come later this year as well as continued progress at additional Cerro Magallanes zones.”

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

 

Categories
Base Metals Energy Junior Mining Project Generators

Riverside Resources Provides Corporate Outlook for 2021


Read Here


Corporate Presentation

Riverside’s President and CEO, John-Mark Staude, stated: “2020 was a challenging year for the world and yet Riverside was lucky to have strong projects, a strong local team, and partners to work through the year such that we are set up exceptionally well entering 2021. We are grateful to our shareholders and stakeholders as we have worked to be safe and follow protocols while progressing the business of discovery and property assets that we control. Riverside is looking forward to building and growing through 2021 as we continue to be bullish on the prospect of another strong year in the gold space. The Company has been strategically positioning itself with high-quality projects and partnerships and is geared up for a productive year ahead.

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

 

Categories
Base Metals Energy Junior Mining Project Generators

Riverside Reports on the First Phase of Drilling at the Cuarentas Gold Project, Sonora, Mexico


Press Release


Corporate Presentation

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have drill-tested the Santa Rosalia target, which is only the first of four target areas along a 2.5 km mineralized trend. Results have demonstrated a structural complex environment that Riverside’s team is reviewing and using for refining and developing more targets that we look forward to testing in the coming months at Cuarentas.”

For additional information contact:

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Categories
Junior Mining Project Generators

Riverside Completes Second Phase Of Targeting At The Oakes Gold Project In Ontario, Canada


Click here

Riverside Resources

(TSX.V: RRI | OTCQB: RVSDF)

Riverside’s President and CEO, John-Mark Staude, stated: “2019 Summer field work at the Oakes Project shows good continuity and rich surface grades with large size potential. The continuity of strike along the greenstone gold belt is similar to other known major deposit targets. This was a project generated out of data integration and regional knowledge, which was then staked by Riverside as part of our Prospect Generative business. The historical drilling that hit gold provides potential for expansion. Our aim was to define compelling drill targets, which we have achieved, and we now look to develop exploration partnerships and provide our shareholders with additional discovery opportunities.”

Contact Riverside Resources:
Communications Team 778-327-6671
Email info@rivres.com


Categories
Energy Exclusive Interviews Junior Mining Precious Metals Project Generators

Project Generator Expands Property Bank in Ontario


Transcript

Riverside Resources

(TSX.V: RRI | OTCQB: RVSDF)

In this exclusive interview Freeman Smith of Riverside Resources sit down with Maurice Jackson of Proven and Probable to introduce the newest Project in the Riverside Property Bank the Pichette, located in the Geraldton Beardmore Gold Belt of Ontario, Canada. Mr. Freeman will highlight the value proposition of the Pichette and potential catalysts.

For investor questions please call or email:

Communications Team 778-327-6671 Email info@rivres.com


Categories
Base Metals Junior Mining Precious Metals Project Generators

Riverside Completes Third Ontario Canada Gold Portfolio Acquisition and Moves Toward Partnerships


Press Release

Riverside Resources

(TSX.V: RRI | OTCQB: RVSDF)

Riverside’s President and CEO, John-Mark Staude, stated: “We are very pleased to continue growing Riverside’s Canadian portfolio with an additional gold project with great potential in the Beardmore Geraldton Gold Belt. Riverside has now built a quality, easily accessible, readily drillable portfolio of three projects in Ontario adjacent to large higher-grade gold mines. The Company will explore partnerships to begin drill testing these prospects during 2020.”

Contact Riverside Resources:
Communications Team 778-327-6671
Email info@rivres.com


Categories
Base Metals Energy Exclusive Interviews Precious Metals Project Generators

Why is BHP funding $2 Million into this Prospect Generator?

Riverside Resources

(TSX.V: RRI | OTCQB: RVSDF)

In this exclusive interview, Dr. John-Mark Staude of Riverside Resources sits down with Maurice Jackson of Proven and Probable to discuss the strategic alliance with multi-billion cap BHP. The strategic alliance is focused in Sonora, Mexico. Riverside has been very active on the alliance and today Dr. Staude provides shareholders with some important updates.

Contact Riverside Resources:
Communications Team 778-327-6671
Email info@rivres.com


Transcript