Last C$0.46 CAD
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riverside resources inc (RRI) Snapshot

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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 2013.

riverside resources inc (RRI) Key Developments

Riverside Begins Drilling New Target Areas at the Penoles Gold-Silver Project in Durango, Mexico

Riverside Resources Inc. announced the initiation of the 2014 drilling program to explore the San Rafael silver-gold system and outlying early stage gold-silver zones, which were recently delineated during regional reconnaissance mineral exploration. Approximately nine drill holes totaling roughly 1,900 metres are planned, with drilling now underway at the San Rafael vein target area. Previous drill programs have focused on the Jesus Maria silver vein system and the Capitan gold zone, so the drilling of new, untested target areas during the current program has the potential to expand on the known mineralization and add significant value to the Peñoles Project. The San Rafael zone is an historic underground silver mine which was in production in the early 1900's. The mine reportedly had significant underground workings supported by an old production shaft and multiple mine levels. Production records from the mine are not available and the San Rafael zone has not had any modern exploration drilling. The vein system hosts silver with gold, lead, and zinc which is a possible continuation of the high-grade Jesus Maria Silver vein system. The San Rafael zone represents a 1,200 metre step out from the eastern most drilling of the Jesus Maria vein. Surface sampling and surface exposures define the San Rafael vein to be at least 1,400 metres long and consists of multiple parallel veins sets. The Company believes that the San Rafael zone could represent a significant expansion of the Peñoles district silver and gold mineralization.

Riverside Resources Inc Appoints Greg Myers as Vice President of Exploration

Riverside Resources Inc. announced that Dr. Greg Myers has joined Riverside's management team as the company's Vice President of Exploration. Dr. Myers is a Professional Geologist with over 35 years of experience in the mining industry. Prior to joining Riverside, Dr. Myers was most recently working in Mexico and Nicaragua as the President and CEO of Caza Gold.

Riverside Resources Inc. Announces Results from the Exploration Program and Upcoming Plans at the Cajon Project in Sonora, Mexico

Riverside Resources Inc. announced results from the recent exploration program and upcoming plans at the Cajon Project in Sonora, Mexico. Riverside conducted an exploration program consisting of detailed rock sampling and structural, geologic, and short-wave infrared (SWIR) alteration mapping. This work has led to the discovery and initial delineation of gold-bearing vein zones similar to those found at the Herradura Mine (operated by Newmont-Fresnillo) located 147 km to the northwest and the San Francisco Mine (operated by Timmins Gold) located 60 km to the east. At Cajon, the initial target area of San Blas has been the primary focus so far with very promising results from rock samples taken to date. A total of 294 rock samples were collected, averaging 0.51 g/t gold (Au), including 20 samples with grades above 1 g/t Au and two samples of 37.9 and 19.11 g/t Au. In addition to the rock samples highlighted above, sampling by previous owners included 362 rock samples with average grades of 1.39 g/t Au, including 42 samples in the range of 1 - 10 g/t and 7 samples >10 Au g/t, including two of 117 and 86.0 g/t Au. Riverside geologists have now clearly defined a main target zone, which has a central core measuring 450 x 250 metres in extent showing a high density of quartz-hematite after pyrite veins. The veins are surrounded by pervasive quartz-sericite-hematite alteration and disseminated mineralization, which indicates excellent potential for a bulk tonnage gold deposit.


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