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riverside resources inc (RRI) Snapshot

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03/3/14 - C$0.63
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riverside resources inc (RRI) Details

Riverside Resources Inc., an exploration stage company, is engaged in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Mexico. It has a portfolio of gold, silver, and copper projects. The company has strategic exploration alliances with Antofagasta Investment Company Limited for generative exploration in the copper belt in the eastern Sonora state, northwestern Mexico; Antofagasta Minerals S.A. for exploration throughout the primary copper belts of British Columbia, Canada; and Hochschild Mining Holding Limited for generative exploration throughout the Mega-Shear Gold Belt in western Sonora, Mexico. Riverside Resources Inc. is headquartered in Vancouver, Canada.

riverside resources inc (RRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

riverside resources inc (RRI) Key Developments

Morro Bay Resources Ltd. and Riverside Resources Inc. Report Independent Resource Estimate for the Jesus Maria Silver Zone and the El Capitan Gold Zone

Morro Bay Resources Ltd. and Riverside Resources Inc. reported a project-first, independent resource estimate for the Jesus Maria Silver Zone and the El Capitan Gold Zone which represent two of the known mineralized zones at Peñoles. The Peñoles Project is easily accessible and lies within the Durango Silver Belt, which is one of the most developed and low-cost mining regions in Mexico. Based on the current drill hole data, the Jesus Maria and El Capitan deposits form relatively continuous zones of mineralization that are potentially amenable to open pit extraction methods. The Jesus Maria is a silver deposit with minor amounts of contained gold. Conversely, El Capitan is primarily a gold-bearing deposit with minor silver credits. The deposits are separated by approximately 300m and the mineralized zones are interpreted to merge together to the west, where additional drilling is planned to potentially connect the zones and expand resources. The mineral resource estimate for the Jesus Maria Silver Zone is based on results from 30 diamond drill-core holes and 3,114 metres of drilling completed as at December 30, 2014, and consists of (30 g/t silver cut-off): An inferred resource of 7.6 million tonnes containing 15,158,000 ounces of silver at an average grade of 62.3 g/t and 26,000 ounces of gold at an average grade of 0.105 g/t gold. The mineral resource estimate for the El Capitan Gold Zone is based on results from 50 diamond drill-core holes and 7,004 metres of drilling completed as at December 30, 2014, and consists of (0.25 g/t gold cut-off): An inferred resource of 20.7 million tonnes containing 305,000 ounces gold at an average grade of 0.458 g/t gold and 1,832,000 ounces of silver at an average grade of 2.8 g/t silver.

Riverside Resources Inc. Stakes Thor Claims

Riverside Resources Inc. announced that the Company has staked and is in the process of acquiring title to the 128 km2 Thor Copper Project in Sonora, Mexico. The Project was acquired as a part of funded alliance activities through the company's copper porphyry exploration alliance (the Alliance) with a wholly owned subsidiary of Antofagasta plc.

Riverside Resources Inc. Provides an Exploration Update from the Company's 100% Owned Tajitos Gold Project in Sonora, Mexico

Riverside Resources Inc. provided an exploration update from the Company's 100% owned Tajitos Gold Project (the "Project") in Sonora, Mexico. Riverside geologists have completed the first phase of underground mapping and sampling of more than 10 historic underground workings on the Project. The ongoing exploration work at Tajitos is designed to understand the controls on mineralization and improve and refine targeting for future drill testing. The shallow underground workings provide ample evidence of continuity for gold mineralization and work is defining continuity from surface to depth along shears and veins. The most recent exploration work was designed to trace the veins and mineralized zones and included 180 underground rock chip channel samples ranging from <0.05 g/t up to 17 g/t gold. Highlights of this phase of work include: the sampling program returned 27 samples over 1 g/t gold, including 9 samples greater than 5 g/t gold with results reaching up to 17 g/t gold; sampling in the adit which cuts across the possible thrust zone identified several narrow fault zones which contain 0.012 to 6.9 g/t Au, suggesting deeper gold targets; the underground sampling expands upon the past surface sampling which has produced more than 200 samples greater than 1 g/t, reaching up to 34 g/t gold.


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