- Commodity:Gold
- Location:Chiapas, Mexico
- Size:308 km²
- Option:Available for Option
- Status:Prospecting and soil sampling campaigns
The 100% Riverside owned Coatan Property is located in Chiapas, the southernmost state of Mexico. The property is over 131 km² and is only 12 km north of the second largest city in the state, Tapachula. Early exploration on the property has returned noteworthy float samples of > 1g/t up to 5.2g/t Au. Three zones; El Naranjo, El Mirador and La Vereda have been identified for further sampling, mapping and IP work. This project is available for option and Riverside is currently looking for potential partners.
Coatan Project
Riverside has conducted one stream sediment and two prospecting campaigns including float and chip sampling to date. Soil sampling and potential IP (given the strong sulfide content of mineralized rock in the area, not to mention the vuggy quartz resistivity) will aid in defining drill targets. The project will continue to define drill targets with soil sampling and IP programs.
Mineralization on the property is hosted in vuggy quartz with indications of high-sulfidation epithermal style mineralization.There are three main zones of interest on the property, El Naranjo, El Mirador and La Vereda. These anomalous zones were identified by stream sediment sampling, each being about 5 kilometers long by 3 kilometers wide.The presence of at least one high priority target has been identified within each of those catchments. The sample results of vuggy quartz (up to 2 ppm Au) and silicified granite (up to 5 ppm Au) point to the area having potential not only for high sulfidation epithermal mineralization, but also for a disseminated gold deposit in intrusive rocks. Other highlights include multiple vuggy quartz float samples > 1 g/t Au up to 5.2 g/t Au. Results from stream sediment sampling program confirm multi-element anomalous zones consistent with high sulfidation signatures for the three northern targets
Qualified Person: The scientific and technical data contained on this page were prepared under the supervision of David Smith, MS, MBA, CPG, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this page is accurate and acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
