The first assay results are in for Riverside Resources’ (TSXV: RRI) recent exploration program conducted at the Oakes project. The program consisted of a total of twelve holes that were drilled for 1,700 metres in aggregate.
Results from a total of five holes were released this morning. Highlights from the results include:
- DDH2022-02: 2.1 g/t gold over 6.0 metres, including 8.4 g/t gold over 1.0 metre
- DDH2022-03: 4.0 g/t gold over 1.5 metres, 3.6 g/t gold over 1.0 metre, and 0.6 g/t gold over 6.0 metres
- DDH2022-05: 0.8 g/t gold over 2.5 metres
Drilling under the program was focused on the HG Target, which was identified via the use of IP geophysics and field geology. The first five holes were focused on central region of the target, with all holes intersecting anomalous gold.
Holes were drilled to depths of up to 146 metres, with mineralization found to increase with depth. To date, mineralization is believed to be consistent in nature with other camps found in the region, such as in Geraldton and Red Lake.
“The Oakes Project had previously only seen two drillholes, so we are very encouraged to see our first set of shallow holes include multi-gram gold intercepts that demonstrate the interpreted vertical gold bearing structures continue at modest depths. We will be compiling these 5 holes with assays from the remaining 7 holes with our IP-inversion work to continue vectoring towards larger gold accumulations zones at the HG Target and across this target-rich property,” commented CEO John-Mark Staude.
Riverside Resources last traded at $0.135 on the TSX Venture.
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