RIVERSIDE DEVELOPS HIGH
GRADE SILVER TARGETS AT RECENTLY STAKED CLEMENTE SILVER-GOLD PROJECT IN
SONORA, MEXICO
September 28, 2010 � Vancouver, BC:
Riverside Resources Inc. ("Riverside" or the "Company")
(TSX-V: RRI) is pleased to announce that it has completed an
initial field work program on its newly staked, 100% Riverside-owned
Clemente Silver-Gold Project in NW Sonora, Mexico and discovered high grade
silver exceeding 2 kg/t (60 oz/t) in outcrops. Portions of the old workings and neighbouring
outcrops were chip sampled early in the summer season. The program
consisted of 152 rock chip samples and returned assay values from < 5
g/t up to 2,900 g/t silver and gold values from 5 ppb up to 5.4 g/t.
Multiple samples returned values over 500 g/t silver, which is uncommon for
this region of Mexico and indicates a potentially highly significant
target. The drill ready exploration targets on the 142 km2 area
property are shown on the maps provided in this release and on the
Riverside website.
Riverside�s
exploration team acquired the project in the Megashear Gold Belt of Sonora,
Mexico through its Prospect Generation Program using its mineral property
databases and proprietary targeting approaches. The Mojave-Sonora
Megashear, on which Clemente is located, is one of North America�s major
gold producing belts. The belt is relatively underexplored and has been a
strong focus for Riverside�s technical team, having worked over the past
two years to build a strong land position, including the Tajitos-Tejo and
other properties. The Clemente Project is a mere seven (7) kilometers
northwest of the Cerro Colorado mine operated by Goldgroup Mining Inc. and
is within 100 kilometers of four other active gold-silver mines. The
Project has exceptional infrastructure with power, water and road access
making the targets easily accessible and relatively inexpensive for future
drill testing and potential mining.
�With
Clemente, we continue to expand our property portfolio, acquiring high
potential assets that build shareholder value. Following our prospect
generator business model, we look forward to partnering the Clemente
Project and hope to have drilling begin quickly in hopes of exposing
shareholders to discovery,� stated John-Mark Staude, President and CEO of
Riverside Resources Inc. Staude added �finding multi-gram gold and
multi-kilogram silver from outcropping targets is something we dream of and
we are pleased to own this project for Riverside.�
Project
Details:
The Project
is dominated by strong hydrothermal alteration, breccias and veining in a
basement rock sequence of Precambrian / Cambrian meta-sediments and
Precambrian granites that have been multiply sheared with abundant
stockwork quartz veining, similar to other areas of the Mojave-Sonora
Megashear. Mineralization hosting sediments are primarily dolomites and
arenites that have varying extents of alteration suggesting different
depths of possible emplacement of mineralization. The Precambrian granites
are composed of a 1.8 Ga and a 1.1 Ga suite, reflected in textural
variations. These wall rocks act as brittle and locally reactive hosts to
epithermal and mesothermal hydrothermal metal bearing fluids that deposited
abundant silver along with gold and local base metals.
The primary
metallic exploration target is adjacent to abandoned mines and along major
through-going shears with extensive silver mineralization. The silver
values are of particular note because of pure precious metal zones, as well
as silver with base metal target zones. Results were drawn from numerous
stockwork veins with variable strikes and dips that indicate high potential
for stockwork with wider disseminated mineralization along the greater than
10 km long Clemente master shear and mineralized structure. The veins have
historic workings only within the upper oxide zones with minor relict
sulfides. The veins can now be tested further through geophysics,
trenching, and follow up drilling.
The western
Sonora districts have high potential to host orogenic, epithermal and
replacement styles of mineralization. Clemente shows evidence of all three
styles. The new 142 km� property has three outcropping target areas, each
of which has previous mining history and one alluvium-covered silver-gold target.
The two main mineralized zones that have been identified at Clemente, known
as Nuevo Mundo and Santa Elena, are clearly outlined
on the map below. The third high potential target area has a magnetic
anomaly under shallow cover just north of the high grade gold and silver
outcrops. Clemente has the potential to host a bulk tonnage deposit of
silver and gold as well as high grade veins and replacement bodies similar
to other mines in the region, and typical of what has made Mexico a world
leader in silver production for over four centuries.
The scientific and technical data contained
in this news release were prepared under the supervision of Locke Goldsmith,
P. Eng., P. Geo., an 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.
QA-QC Procedures: The Company has
maintained a quality control program to ensure best practices in sampling
and analysis in all its exploration programs. Duplicates, standards
and blank samples are randomly inserted into the sample
stream. Samples were delivered in secure, sealed bags to the assay
labs for analysis. Gold is determined by fire assay with atomic
absorption finish. The assay results were produced by Inspectorate
Laboratories Ltd.
About Riverside Resources:
Riverside is a well-funded prospect
generation exploration team of focused, proactive gold discoverers with the
breadth of knowledge to dig much deeper. The Company currently has
approximately $3,100,000 in the treasury and fewer than 25,000,000 shares
issued. Riverside has an experienced exploration team that leverages its
in-house technical knowledge and vast experience in the field to make
discoveries. The Company is currently working towards finalizing several
important events that fit within the business model of growth through
partnerships and exploration. Additional property information, including
the recent drill
discovery at Libertad in Sonora and more on the Company�s other
projects, can be found on the Riverside Resources Inc. website at www.rivres.com.
ON BEHALF OF RIVERSIDE
RESOURCES INC.
"John-Mark Staude"
Dr. John-Mark Staude,
President & CEO
For additional information contact:
Certain statements in this press release
may be considered forward-looking information, which 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.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
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