In November 2019, Riverside completed a second round of exploration. The second phase of recently completed work was conducted to identify the east and west extension of this HG shear zone. Riverside geologists mapped and sampled the eastward extension on this shear and found more high-grade gold including 7 g/t gold from the HG shear zone. The new surface samples are believed to demonstrate a mineralized strike length for the HG zone of about 600 m. These samples align with older VLF (1999) and IP anomalies from a survey completed in 2010. The older geophysics shows the anomaly extends both east and west along strike suggesting a potential mineralized strike length of 2.6 km from this data.

Preliminary prospecting and mapping work has traced the known quartz-carbonate vein beyond the high-grade sample location over a strike length of 400 m, and historical surveys and field observations indicate that this vein may extend over a strike length of up to 2 km.

The recent work confirmed three previously identified areas and three other possible target zones.

There are two predominant target orientations:

The first orientation trends east-west and is associated with contact zones that have been delineated by VLF and IP chargeability geophysical surveys
A second orientation target zones trend at 340 degrees (NW) and is defined by linear magnetic lows, field geology and soil geochemistry.

Figure 7: Oakes project with regional geology and distance from large gold deposits

Figure 8: Oakes Project showing geology, gold-in-soil geochemical anomalies, historical drill hole locations and Riversides proposed target locations

Figure 9: Oakes Project compilation showing HG target with VLF anomalies trend, 2010 IP survey results and recent Riverside sampling delineating high priority drill target extent