RIVERSIDE IDENTIFIES
HIGH POTENTIAL TARGET ZONES AT THE CATRINA GOLD PROJECT,
DURANGO, MEXICO
November 22, 2010 � Vancouver, BC: Riverside Resources Inc.
(�Riverside� or the �Company�) (TSX-V: RRI) is pleased to announce it has
identified four potential drill targets at the 100% Riverside-owned Catrina property. The combination of a strong geophysical
IP response, regional magnetic highs associated with intrusions,
encouraging geochemistry, and thin cover makes Catrina
a significant Project for Riverside. The geophysical IP response at Catrina is comparable in scale to the Camino Rojo and Penaquito projects
with similar trace element geochemistry
(gold-silver-zinc-lead). Geochemistry of the alteration zone shows a
strong gold anomaly with values extending over an area of more than 3 km2.
Surface values from the largely thin pediment covered target area range
from <5 ppb up to 0.95 g/t gold.
The geophysical anomalies contain high resistivity zones which can
indicate silica alteration consistent with gold mineralization as found at
nearby Central Mexican deposits. The resistivity signature remains open to
the east, northeast, and north showing potential for expansion. The Catrina Project chargeability plan map highlights the similar
scale of the target in comparison with the outline of gold mineralization
from Camino Rojo. The recently completed IP
survey identified four clusters that are now interpreted as drill ready
target areas. The following link shows a map with the four target areas at Catrina highlighting gold, silver, zinc, and lead
elements collected from rock chip samples: http://rivres.com/images/phocagallery/Catrina_targets.jpg. The next phase of
exploration on the project could include a targeted drill program to test
the geology, geochemistry and geophysics targets identified at Catrina.
This project is one of a number of properties that were developed
through the Riverside � Kinross
Exploration Alliance which has now been completed. The Alliance
(News Release January 22, 2009) delivered on the anticipated goals of
identifying high quality properties. Riverside
looks forward to advancing these properties with full ownership, as Kinross
has opted to pursue other opportunities.
�The Riverside Technical team has developed this strong open pit
gold target with a limited amount of capital dilution as the project was
progressed as part of an Exploration Alliance with Kinross Gold Corporation,�
stated John-Mark Staude, President and CEO of
Riverside Resources Inc. �The Riverside-Kinross Exploration Alliance has
been an excellent two-year program, and with Riverside now owning these
properties 100% it can move the targets ahead through joint-ventures with
interested third parties�.
Catrina Target Details:
Caracol Formation sandstones and shales are the main host rock for numerous mines in the
prolific mining region of Durango/Zacatecas, Mexico.
The formation at Catrina is associated with regional
magnetic highs which appear to relate with intrusions that, in other
locations and potentially here, are linked spatially to mineral
discoveries. The numerous gold anomalies and favorable looking hydrothermal
alteration covers a generally NE trending zone and then proceeds under thin
post-mineral alluvial cover. The alteration halo is closely associated with
a variety of NW trending andesite and hornblende granodiorite porphyry dykes, as is common in other
deposits such as San Sebastian, Castillo, Ojuela, and Lampazos Mines.
The andesite porphyry and hornblende granodiorite dykes may be a key progenerator
or related to the mineralized system similar to that found at Inde, Pitarrilla, Penasquito, and other mining camps in the area.
About Riverside Resources:
Riverside is a well funded
prospect generation team of focused, proactive gold discoverers with the
breadth of knowledge to dig much deeper. The Company currently has
approximately $3,000,000 in the treasury and fewer than 25,000,000 shares
issued. Riverside is currently
working towards finalizing several important events that fit within the
Company�s model of growth through partnerships and exploration. Additional
property information on the Company�s projects can be found on the
Riverside Resources Inc. website at www.rivres.com
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.
The scientific and technical data contained in this news release
were prepared under the supervision of Mark J Pryor, Pri.Sci.Nat.,
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.
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. 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.
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