Riverside Resources (TSXV: RRI) this morning released results from its recent exploration program conducted at its La Union Project, which is located in Sonora, Mexico. The exploration program consisted of a field mapping and sampling program.
The purpose of the exploration program was for the firm to better understanding the properties structural controls, and how small historical workings linked together in a regional context. Currently, the firm is operating under the belief the property contains Pre-Cambrian to Cambrian sedimentary rocks, with mineralization to be manto-chimney and replacement type.
A total of 103 samples were collected from the property under the program conducted, with the highlight result containing 83.2 g/t gold. The firm outlined the highpoints of a number of samples, which include:
- Gold high value of 83.2 g/t
- Silver high value of 4,816 g/t
- Lead high value of 10.3%
- Zinc high value of 30.0%, which was the upper detection limit
Sample types collected included dump, chips, and chip channels.
Commenting on the results, CEO John-Mark Staude stated, “We recently expanded the property package here to more than 26 km2 and our ongoing field work is expected to include a geophysical survey and additional mapping and sampling while we advance permitting in tandem with preparation for a maiden drill program in 2022.“
Riverside Resources last traded at $0.15 on the TSX Venture.
FULL DISCLOSURE: Riverside Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Riverside Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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