Following the first batch of results announced
Riverside's President and CEO,
The mineralization at the Cerro Magallanes dome appears to be strongly related to silicification and oxidation. Fault margins are described by metric-scale wide zones of stockwork to breccia with large amounts of hematite, goethite and oxidized pyrite. The matrix can be partly infilled with chalcedonic or milky white quartz, which in hydrothermal systems is well known to be shallow in the system features. Additionally, in hole CED21-001 and along surface, fluorite and grey quartz are present and support the Company's theory that this represents the upper-part of the system.
Drill hole CED21-006 is perpendicular to hole CED21-005 which was announced earlier this month with 22 m @ 1.5 g/t Au with indication that the holes are beginning to develop different dimensions and are open for further drilling as all intercepts have been very shallow to date. The CED21-007 is the first hole by Riverside into the Central Target area and further follow up will now be warranted as gold have been found on structures and previous small-scale mining has been developed along various trends. The Riverside and
About
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has no debt and less than 71M shares outstanding with a strong portfolio of gold-silver and copper assets in
Contact:
Tel: (778) 327-6671
Fax: (778) 327-6675
Email: info@rivres.com
Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., 'expect',' estimates', 'intends', 'anticipates', 'believes', 'plans'). Such information involves known and unknown risks-including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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