Riverside and Mexigold Commence Drilling on the Pedernal Project in Durango, Mexico
January 31, 2012 – Vancouver, BC: Riverside Resources Inc. ("Riverside" or the "Company") (TSX-V: RRI) is pleased to report that an initial five hole drill program has commenced at the Pedernal Project in Durango, Mexico. The main focus of the program will be the Tablones Norte Vein, where the recent trenching and soil sampling returned encouraging results (News release January 24, 2012). The program also proposes to test the Milpas Vein structure with at least a single drill hole. Drill holes will vary from 200 to 400 metres in depth with angles of -50° to -60°.
“Drilling at Pedernal is on schedule and will test the second property with Mexigold as we also look forward to upcoming drill results from the Catrina Property. These properties are both in favourable gold-silver regions and show promise as high quality drill targets,” stated John-Mark Staude, President and CEO of Riverside Resources Inc.
Drill Program Objectives and Details:
The large vein sets at the Pedernal Project show indications of the upper portion of a low-sulphidation epithermal precious metal system. The proposed drill program aims to test the Tablones Norte and Milpas structures in zones where the structural setting along with the geochemistry sampling (rock and soils), IP resistivity survey and fluid inclusions study confirms coincident anomalies.
A map highlighting the proposed drill collar locations can be viewed by clicking the following link:
The scientific and technical data contained in this news release relating to the proposed drill program at the Pedernal Project was prepared under the supervision of Mark J Pryor, Pr.Sci.Nat., 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.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
For additional information contact:
Manager, Corporate Development
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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