Riverside Resources Inc. is pleased to announce results from initial rock chip sampling at the recently acquired La Silla Gold Project in Sinaloa, Mexico.
Riverside geologists collected 74 rock chip samples with assay results ranging from <0.05 up to 7.24 g/t gold and <0.05 up to 148.4 g/t silver. Ten of the samples returned greater than 1 g/t gold (see table below for highlighted samples):
Disclosure note: Initial Riverside sampling at La Silla was selective in nature and therefore may not be representative of property-wide mineralization.
The concessions obtained by Riverside (see Riverside's press release November 17, 2015) comprise an integral part of the historic La Silla district and cover approximately 2,305 hectares (23 km sq). Mineralization in the La Silla district, which includes properties not currently held by Riverside, is widespread with many small mines, workings and indications of high-grade gold-bearing quartz veins. Individual veins in the district appear to range in width from less than 0.5 to 12.0 metres. The La Silla district is believed to host 31 veins with a total strike length of 13.2 km. At least 6 vein systems totaling over 5.6 km in length have been observed by Riverside geologists within the Company's recently acquired concessions.
Riverside's President and CEO, John-Mark Staude, stated: "We are encouraged by the initial assay results at La Silla and will now look forward to further follow up exploration work to refine target areas. We remain open to potential district consolidation and will explore opportunities to partner with other groups in the region to create value moving forward."