Riverside's Partner Choice Gold Begins Drilling at the Sugarloaf Peak Project in Arizona
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/12 -- Riverside Resources Inc. (TSX VENTURE: RRI)(PINKSHEETS: RVSDF)(FRANKFURT: R99) ("Riverside" or the "Company") is pleased to announce that Phase 1B of drilling has now commenced at the Sugarloaf Peak Gold Project in western Arizona ("Sugarloaf Peak" or the "Property"). The current program will consist of 1,500 meters of reverse circulation (RC) drilling to target areas that returned surficial gold values during 2011 mapping and sampling programs carried out by partner Choice Gold. Particular focus will be aimed at finding the extension of the gold oxide mineralisation found in drill hole SGL-11-04 (news release 2011-10-06), which returned 1.76 g/t gold over 9.91 metres.
Results from the 2011 mapping and drilling campaign combined with the historical data have helped to better define targets for Phase 1B. Surficial gold anomalous areas inside and outside of the historically known mineralized central zone will be verified at depth. Many of the areas targeted with Choice Gold's second phase of drilling have not previously been tested.
"We are pleased to see the next phase of drilling now underway at Sugarloaf Peak, and as we approach the busy spring exploration season look forward to drill results from other Riverside projects as well," stated John-Mark Staude, President and CEO of Riverside Resources Inc. Staude added, "Riverside is working on joint-venture and sole-risk exploration with a push toward large discoveries."
Riverside and Choice Gold entered into an option agreement for the Sugarloaf Peak Project as announced on February 28, 2011. For more information on the property or the option agreement between Riverside and Choice Gold please visit the Company's website at www.rivres.com.
Assaying and Qualified Person:
All the RC holes will be sampled successively from the top to the bottom of each hole following rigorous QAQC procedures. These QAQC procedures include the insertion of blanks, standards, and duplicates. Representative samples will be separated through a rotary cyclone splitter then one portion will be homogenized through a 2-chute universal splitter. The homogenized samples will then be shipped to a certified laboratory to be pulverised and analyzed for Au by the fire assay method and for a suite of trace elements using the ICP method. Excess rock material will be stored at Choice Gold's facilities in Ehrenberg, Arizona. Results of the drilling will be published intermittently when available.
The scientific and technical data contained in this news release relating to the proposed drill program at the Sugarloaf Peak Project was prepared by Choice Gold's qualified person Brigitte Dejou, and reviewed by David S. Smith, MS, MBA, CPG, an independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Riverside Resources:
Riverside is a well-funded prospect generation team of focused, proactive gold discoverers with the breadth of knowledge to dig much deeper. The Company currently has approximately $10,000,000 in the treasury and fewer than 35,000,000 shares issued. Riverside`s model of growth through partnerships and exploration looks to use the prospect generation business approach to own resources, while partners share in de-risking projects on route to discovery. Additional property information on the Company's projects can be found on the Riverside Resources Inc. website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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