Oct 26 2012
Riverside Resources Inc. is pleased to announce the successful completion of the 2012 exploration program at the Flute and Lennac Designated Projects located near Smithers in Central British Columbia (BC).
The Company is pleased with exploration results to-date and looks forward to upcoming diamond drill results from Lennac, further reverse circulation (RC) drill results from targets on both properties, and generating additional targets and Designated Projects for the Alliance with Antofagasta moving forward.
Over the course of the summer field season, Riverside undertook airborne geophysical surveys (News release August 8, 2012), ground geophysical induced polarization (IP) surveys, reverse circulation (RC) drilling, diamond drilling and geological mapping and prospecting as part of an aggressive exploration program on the Flute and Lennac properties. A total of 1,485 metres have been drilled in 4 diamond drill holes on the Lennac property and a combined total of 1,987 metres has been drilled in 93 top-of-bedrock RC drill holes at Flute and Lennac during the 2012 summer exploration program.
Two of the diamond drill holes, LLDH-12-01 and LLDH-12-02, were designed to test areas of known mineralization to depth at the West Zone on the Lennac property, for a total of 801 metres. Historic drilling at the West Zone was completed mostly by shallow percussion drill holes; historic diamond drilling was limited and several holes terminated in mineralization. Drill holes LLDH-12-03 and LLDH-12-04 were completed on prospective areas at the East Zone, following up on results from airborne geophysics (Magnetics), RC drill results and historic drilling for a total of 678 metres. Results from the diamond drilling at Lennac are pending and will be released as they are received.
Two new copper-porphyry targets with strong potential were identified during the 2012 exploration season, the Cougar Zone on the Lennac property and the Mouse Zone on the Flute property. In addition to the 61 RC drill holes testing the main trend at Lennac, a further 18 RC drill holes were completed at the Cougar Zone (Lennac), and 14 drill holes were completed at the Mouse Zone (Flute).
The Cougar Zone on the Lennac Property encompasses historic, broadly coincident IP and copper-in-soil geochemical anomalies. The Cougar IP and soil anomalies sit peripheral to a large, circular magnetic high seen in 2012 airborne geophysical results. Ground geophysical IP surveys completed at Cougar over the 2012 season confirmed and significantly expanded the historic IP anomaly to the south and to the east. Base-of-Till/Top-of-Bedrock sampling with an RC drill rig was undertaken with 18 RC drill holes over the Cougar Zone, with several of the holes intersecting altered volcanics, porphyry intrusives, and associated sulphide mineralization in bedrock chips. Anomalous copper was returned from the RC top-of-bedrock drilling samples over a 1.2km strike length.
The Mouse Zone on the Flute Property also encompasses historic, broadly coincident IP and soil anomalies; outcrop is sparse but altered volcanics cut by porphyry dykes are seen at one location to the northwest. The Mouse Zone lies due east of the Skinbone fault, a regional structure thought to form the western boundary of the Babine Graben that projects through towards the past producing Bell and Granisle mines. Base-of-Till/Top-of-Bedrock sampling with an RC drill rig was undertaken with 14 RC drill holes over the Mouse Zone, several of which intersected altered volcanics and porphyry intrusives. Trace sulphide mineralization was noted in the most north-westerly of the RC drill holes, in closest proximity to the north-striking structural corridor seen in airborne geophysics. Assay results from RC drilling at the Mouse Zone are pending.
Further RC drilling to better delineate and expand areas of copper-porphyry mineralization at the Mouse and Cougar Zones is planned for follow-up exploration in 2013.