Riverside Resources and Alliance Partner Antofagasta Commence Drilling at the Lennac and Flute Projects in British Columbia VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2013) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(RVSDF)(R99.F)
and its partner, Antofagasta Minerals S.A., are pleased to announce that Reverse-Circulation (RC) drilling and exploration work are now underway at the Flute and Lennac Designated Projects located east of Smithers in central British Columbia (BC). The 2013 exploration work program will include extensive RC drill testing, Ah-horizon soil sampling, geological mapping and rock sampling. The program has been planned to both expand anomalous zones identified over the 2012 season and to test new targets within the Flute and Lennac properties with an aggressive RC top-of-bedrock drill campaign.
The RC drill plan includes initially drilling 56 planned holes on the Lennac (9 holes) and Flute (47 holes) properties and 20 contingent drill-holes for an initial follow-up on encouraging results from the top-of-bedrock sampling. The RC drill program follows an Ah-horizon soil sampling program which was initiated in mid-May this year to evaluate prospective areas with limited outcrop. Approximately 400 Ah-horizon soil samples have been sent for assay with several new anomalous zones already identified for priority follow-up.
In addition to the Flute and Lennac properties, Riverside continues to stake strategic exploration ground while also evaluating third party acquisition opportunities throughout the alliance area of interest.
"Riverside looks forward to further exploration results as we continue to delineate strong copper targets at the existing Designated Projects, while working hard to deliver further discovery prospects for the alliance as we continue moving forward."
-John-Mark Staude, President & CEO of Riverside Resources Inc.
About Riverside Resources Inc.:
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 $6,000,000 in the treasury and 37,000,000 shares outstanding. The Company'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.
Riverside has additional properties available for option with more information available on the Company's website at www.rivres.com.
The scientific and technical data contained in this news release pertaining to the Flute and Lennac Projects were prepared under the supervision of Paola Chadwick, P.Geo - BC Exploration Manager, a non-independent qualified person to Riverside, 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.
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.
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Riverside Resources Inc.
President & CEO
Riverside Resources Inc.
Manager, Corporate Development