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In the same category 
Riverside Provides Results and Exploration Updates from Two Alliance-Funded Properties in Mexico
Published : February 25, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2013) - Riverside Resources Inc. ("Riverside" or the "Company") (News - Market indicators)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to provide exploration results and program updates for recent work completed at the Company's Naranjo and Huacana projects in Mexico. Both projects are being advanced under the iron-oxide copper gold (IOCG) Strategic Alliance with partner Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF)(Paris:CLF) ("Cliffs"). Riverside is currently managing a fully funded USD$450,000 work program now underway at the Huacana Project. The exploration work program consists of geologic mapping and rock-chip sampling, soil and stream-sediment sampling, re-examination of previous drill core, analytical studies, and an aeromagnetic-radiometric survey. Soil and stream-sediment sampling data have been received and are being interpreted; initial results are confirming and expanding the previously known positive results for a porphyry copper system.

The aeromagnetic-radiometric geophysical survey was recently completed at Huacana and data is being processed and interpreted. Geologic mapping is now underway. The exploration work program at the Huacana Project is intended to obtain detailed information to help refine the upcoming drill targeting to fill in and extend from previous drilling on the project with the hope of discovering the next major porphyry copper deposit in the Michoacan copper belt.

The drilling of three magnetic high anomalies was completed by Riverside at the Naranjo Project in Jalisco, Mexico, an iron-oxide copper gold (IOCG) target. The drill results intersected formational magnetite and did not discover a large iron body as had been hoped, following positive indications from airborne geophysics. With this target successfully tested, the Alliance has shifted focus to the more advanced Huacana Project.

The Huacana Project is located in the known porphyry copper district of Inguaran, Michoacan, in the southwestern Mexico copper-gold belt, host to other notable porphyry copper projects including the La Verde project being developed by Catalyst Copper and Teck, located 45 km northwest of Huacana. The Huacana Project was recently acquired by Riverside through an Option Agreement with Rome Resources Ltd. (Agreement details below), and is now being advanced under the IOCG Exploration Alliance with Cliffs.

John-Mark Staude, President and CEO, stated, "We are pleased to have completed drilling at Naranjo, and although disappointed not to make a new grassroots discovery, we were able to give our stakeholders a shot at a big success while limiting the share dilution and direct costs through our Prospect Generator business model." Staude added, "We now look forward to moving ahead rapidly with the Huacana Project where we see significant upside for Riverside shareholders and advance towards drill testing in a historically productive copper district of Mexico."

Agreement Details

In March of 2012, Riverside Resources Inc. entered into an Option Agreement with Rome Resources Ltd. ("Rome") (as announced by Rome on March 21, 2012 and amended on October 15, 2012) for the Inguaran Project (now called "Huacana"), located in Michoacan, Mexico. Under the Agreement, Riverside can earn a 75% interest in the Huacana Project by incurring an aggregate $5M in exploration expenditures on the property by July 2, 2017. If Rome's interest is diluted to less than 10%, Rome's interest will be converted to a 1.5% NSR, of which 0.5% can be purchased for $1,000,000.

Qualified Person:

The scientific and technical data contained in this news release pertaining to the Naranjo and Huacana projects was reviewed by 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.

About Riverside Resources Inc.:

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 $7,000,000 in the treasury and 37,000,000 shares issued. The Company's model of growth through partnerships and exploration looks to use the prospect generation business approach to own resources, while partners share in de-risking projects on route to discovery. Additional property information can be found 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.

Riverside Resources Inc.
John-Mark Staude
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
info@riverres.com
www.rivres.com
or
Riverside Resources Inc.
Joness Lang
Manager, Corporate Development
(800) RIV-RES1
(778) 327-6675 (FAX)
jlang@rivres.com
www.rivres.com
Data and Statistics for these countries : Mexico | All
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Riverside Resources Inc.

EXPLORATION STAGE
CODE : RRI.V
ISIN : CA76926M1023
CUSIP : 76926M 10 2
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In the News and Medias of Riverside Resources Inc.
2/4/2009Kinross Gold Picks Riverside for Discovery Potential
Annual reports of Riverside Resources Inc.
2008 Annual report
2007 Annual report
Financings of Riverside Resources Inc.
3/5/2011Closes $5.5M Financing
4/24/2009Raises Over $1.5 Million In Oversubscribed Private Placement
4/2/2009Announces Private Placement
Option Grants of Riverside Resources Inc.
2/5/2010Grants Stock Options
Nominations of Riverside Resources Inc.
12/10/2010Appoints William Lee to the Company's Board of Directors
11/25/2009Vice President Of Exploration
Project news of Riverside Resources Inc.
9/21/2012(Penoles)and Partner Sierra Madre Announce Amendments to the Option A...
6/30/2011(Chapalota)and Partner Guerrero Exploration Inc. Sign Definitive Agreem...
5/27/2011(Cerro Azul)and Partner Guerrero Exploration Inc. Find High-Grade Copper...
4/1/2011(Sugarloaf Peak)and Choice Gold Begin $2 Million Work Program on Sugarloaf P...
3/30/2011(Chapalota)RRI Signs Agreement to Option Chapalota Gold Property to Gue...
2/28/2011(Sugarloaf Peak)Signs Option Agreement With CLI Resources for Sugarloaf Peak...
11/22/2010(Catrina)Identifies High Potential Target Zones at the Catrina Gold P...
9/28/2010Develops High Grade Silver Targets at Clemente Project
7/19/2010(Libertad)New Gold Discovery
6/28/2010(Libertad)Partner Geologix Begins Drilling
5/3/2010(Libertad)Geophysical Survey Identifies Large Shallow Epithermal Gold-...
4/7/2010(Tajitos)Expands Gold Discovery
12/30/2009(Sugarloaf Peak)Drill Results From Sugarloaf Peak Gold Project, Arizona
10/20/2009(Sugarloaf Peak)Commences Drill Program On Sugarloaf Peak Gold Project, Ariz...
9/9/2009(Sugarloaf Peak)Receives High Grade Gold Exploration Results From Expanded T...
8/24/2009(Libertad)Signs Definitive Agreement To Option Libertad Gold Project, ...
6/17/2009Completes Independent Ni 43-101 Report For Penoles Project G...
3/23/2009(Sugarloaf Peak)Corrects Information On Sugarloaf Peak Project
3/19/2009(Sugarloaf Peak)Drill Program Planned For Sugarloaf Peak, Arizona After Acqu...
11/14/2008(Sugarloaf Peak)Receives NI 43-101 Report on Historic 1.2 Million Ounce Gold...
9/17/2008(Chapalota)Mexico Gold Projects Options Accepted And Work Program To Co...
Corporate news of Riverside Resources Inc.
3/4/2013(Penoles)Completes Final Earn-In Requirements and Obtains One-Hundred...
2/25/2013Provides Results and Exploration Updates from Two Alliance-F...
11/21/2012Announces Drill Results From the Lennac Project in Central B...
12/9/2010Completes Exploration Development Program and Delivers Five ...
11/8/2010and Geologix Announce Drill Results on Libertad Gold Project
8/25/2010Cliffs Natural Resources Exploration Inc. Makes Strategic In...
8/19/2010Announces $1.45 Million Private Placement With Cliffs Natura...
7/21/2010Investor Update July 22, 2010
7/7/2010New Gold-Silver Vein System Identified Through Kinross Explo...
6/17/2010Signs $1.5 Million IOCG Exploration Alliance
6/7/2010Signs Definitive Agreement
5/1/2010Investor Update
3/16/20101,25km Surface Gold-Silver Anomaly Identified
2/4/2010Investor Update
1/16/2010Plans For 2010
1/7/2010Investor Update
1/5/2010Acquires The Tajitos Gold Project In Sonora, Mexico
11/18/2009Acquires The Maravillas Gold Project In Durango, Mexico
11/6/2009Investor Update
5/26/2009Investor Update
3/4/2009=?windows-1252?Q?Riverside_Resources_Finds_High_Grade_Copper...
2/17/2009Investor Update
1/22/2009Signs Precious Metals Exploration Alliance With Kinross Gold...
12/12/2008Reports Positive Results From Penoles Mining District, Duran...
11/20/2008Investor Update
10/20/2008Reports Drill Results From El Capitan Project, Durango, Mexi...
9/8/2008Reports Positive Results from Gold Projects in Mexico And Us...
8/8/2008Adds Dr. Michael Doggett As Independent Director And Dr. Ala...
7/14/2008Acquires Significant Gold Project At Puerto Libertad, Sonora...
7/4/2008Al Korelin and Jay Taylor discuss Riverside Resources
6/20/2008Adds James Clare, LLB As Independent Director To Board
6/12/2008BNN/James West Chooses Riverside Resources as #1 Pick
6/10/2008BNN/Jay Taylor Chooses Riverside Resources as #1 Pick
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