VANCOUVER, BRITISH COLUMBIA, Dec 23, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 23, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an overview of the Company’s accomplishments achieved during 2016. This past year has been an up and down year for the junior resource sector with the underlying metals prices fluctuating significantly. Riverside has been successful in delivering a number of milestones without company share dilution, while still maintaining a strong corporate treasury.
soil sampling
Kootenay Announces 7 Drill Holes Completed on Soledad Structure Ground Reconnaissance Program Identifies New Gold Target
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) announces it has completed 7 holes along the Soledad Structure before the Christmas break. Drilling will recommence in January and results will be reported when received and compiled. This is the 18th hole of the current program with 11 of these holes drilled in to the Ram structure resulting in a new drill discovery. (See news release November 23, 2016)
Concurrent with the drill program, ongoing ground exploration has identified a new large gold target that is associated with a contact skarn zone representing a potentially significant gold target. The Company believes the newly identified zone, which trends east-west for up to 1000 meters, may be the extension of the Navidad target that includes an untested silver-lead anomaly approximately 500 meters east of the La Cigarra deposit.
Almadex Hits 268.50 Meters of 0.20% Copper and 0.46 G/T Gold Within 497.00 Meters of 0.16% Copper and 0.33 G/T Gold in Hole EC-16-16 at the Norte Zone and Provides Further El Cobre Project Overview and Target Discussion
VANCOUVER, BC–(Marketwired – December 15, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received partial results (to 502.00 meters depth) from hole EC-16-16, drilled from the same pad as the previously announced holes EC-16-10, 12 and 13, but at an azimuth of 200 degrees and a dip of -55. Hole EC-16-16 intersected significant mineralisation from the collar, similar to that announced previously in the Norte Zone. Hole EC-16-14 was also collared from this pad but was drilled to the north at an azimuth of 0 degrees and a dip of -80 degrees. This hole, like the previously announced hole EC-16-013, intersected considerably less stockwork veining and corresponding mineralisation. Together these two new holes reported today further support the interpretation that the Norte drilling to date has intersected shallow dipping to flat lying mineralisation with significant gold values, that represents a distal and high level portion of a porphyry system.
San Marco Secures Drill Permits For Chunibas
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 13, 2016) – San Marco Resources Inc. (TSX VENTURE:SMN) (“San Marco” or the “Company”) announces receipt of all necessary permits from the Mexican environmental and natural resources ministry, Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT) allowing the Company to carry out additional surface exploration activities, including trenching and drilling, on its Chunibas property. As announced November 1st, 2016, the Company also has agreements with local ejidos (communal agricultural land authorities) allowing surface access for an indefinite period.
The Chunibas property is an intrusive hosted, intermediate sulphidation gold system, together with anomalous concentrations of silver, copper, lead and zinc. Gold is hosted in shear zones of various orientations with mineralization open in all directions. Historic drill results demonstrate that significant gold values occur not only within discrete, metric scale structures but within broad haloes of lower grade material.
Riverside Resources: Update on Partner-Funded Exploration Program at Glor Gold Project
Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI / OTC PINK:RVSDF / FRANKFURT:R99), is pleased to report on the progress of the $250,000 USD partner-funded exploration program that is being conducted with Centerra Gold Inc. (“Centerra”) at the Glor Gold Project (the “Project”), located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico. Geologic mapping and soil sampling results have been very encouraging, having defined a gold-in-soil anomaly and zone of hydrothermally altered rocks that is more than 2 kilometres long. Induced polarization (IP) surveying has also returned positive results; a zone of anomalous chargeability that in extent closely matches the soil geochemistry anomaly has been defined by the survey. Ongoing channel sampling and soon to be initiated mechanical trenching are being carried out to further refine targets for drilling which is anticipated to commence in early 2017.
Drilling Commences at Riverside’s Thor Copper Project in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA, Oct 27, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 27, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an exploration update for ongoing work at the Thor Project (the “Project”) in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance (the “Alliance”) with a wholly owned subsidiary of Antofagasta plc (“Antofagasta”). The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.
The Thor Project is being advanced as a Designated Project (“DP”), with Antofagasta, who currently hold a 51% interest, having the opportunity to earn a 65% interest by funding $5,000,000 in exploration over four (4) years (see Riverside’s press release April 13, 2015).