Nov 22 2013
Riverside Resources Inc. ("Riverside" or the "Company") is pleased to announce results from the 2013 exploration program at the Flute and Lennac Designated Properties located near Smithers in central British Columbia (BC) which lead toward potential exploration core drilling in 2014 of the Massive Sulfide Zone and other targets in the large Flute and Lennac properties.
This season’s exploration work at Flute and Lennac consisted of RC drilling, Ah-horizon soil sampling, induced polarization geophysical surveying, geological mapping and rock sampling. The partner-funded exploration, undertaken by the Company’s Exploration Alliance with partner Antofagasta Minerals S.A. (“Antofagasta”), generated new anomalous copper-gold targets with three new porphyry style intrusive centres discovered in this season’s work with the new Massive Sulfide Zone being of particular interest.
A total of 77 top-of-bedrock RC drill holes (11 Lennac, 66 Flute) for a total of 1649 m were completed during the 2013 field season. This summer’s RC program was designed to follow up on copper porphyry target areas delineated in 2012 as well as test new target areas identified from the 2012 airborne magnetic surveying and the collection of 725 Ah-horizon soil samples earlier in the field season.
The 2013 exploration season was highlighted by the discovery of three new intrusive centres with porphyry style alteration and anomalous copper and gold on the Flute property identified by top-of-bedrock RC drilling. Following up on favourable results from 2012 RC drilling at Lennac, a zone of quartz stockwork veining with potassic alteration in hornfelsed volcanics with anomalous Cu was identified. Broadly spaced Ah soil sampling results also identified four priority targets for follow up including a 1.2 km copper-in-soil anomaly over 120 ppm copper at the Red Top prospect which remains open in three directions; the highest sample from the Red Top prospect returned 0.19% Cu and 70 ppb Au.
Riverside’s President and CEO, John-Mark Staude, commented, “Riverside recently announced a new funded project in the British Columbia Copper Belt from Antofagasta which coupled with this summer’s work on these two gives Riverside a strong progress in our BC exploration efforts. The fact that Riverside’s exploration team has been able to apply grass roots generative techniques to find new porphyry Cu style systems and the identified mineralized systems continue to be advanced and expand in defining size is very positive. The second year of exploration work at Flute and Lennac outlined more copper-gold and found the Massive Sulfide Zone. Through the encouraging results from soils and RC drill holes we are pleased to look toward spring 2014 to work with Antofagasta to now drill test these with core drilling to get into the heart of the systems. We look forward to further work and results in BC with the Alliance now having three strong projects with the recently announced agreement for the Swift Katie copper project.”
Further 2013 Program Details:
The Massive Sulphide Zone is a newly discovered copper porphyry target area on the Flute property. The Massive Sulphide Zone sits adjacent to a large circular magnetic feature identified by the Alliance’s 2012 detailed airborne geophysical results at the junction of a regional north-south and north-west trending faults, a favourable structural setting. Top-of-bedrock RC drilling identified an intrusive centre with quartz stockwork veining and potassic alteration hosting disseminated pyrite. A second intrusive centre east of the Massive Sulphide Zone with porphyry style alteration and disseminated pyrite was discovered on the eastern margin of a circular magnetic feature. Anomalous copper in RC chips up to 587 ppm was returned over a 1.5 km strike length.
At the Mouse showing, RC top-of-bedrock drilling continued northward, following up on results from 2012 RC drilling. Top-of-bedrock RC drilling from 2013 identified a broad, 1 km wide zone of disseminated pyrite hosted within altered volcanics and intrusives. 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.
Top-of-bedrock RC drilling on the Lennac property focused on following up favourable alteration and anomalous copper identified in 2012 RC drilling. This target area is located along a regional north-south trending fault and adjacent to a broad circular magnetic feature identified in 2012 airborne geophysical surveying. During 2013, altered and hornfelsed volcanics with quartz stockwork veining and disseminated sulfide was discovered on the margins of the magnetic feature returning up to 364 ppm copper.
These new discoveries validate the methodology of the work to date, and demonstrate the continued prospectivity at the Flute and Lennac projects. Riverside will continue to work with the data generated and is planning further, detailed, work on the targets for the 2014 field season.
Qualified Person and QA/QC:
The scientific and technical data contained in this news release pertaining to the Flute and Lennac Projects was reviewed by Paola Chadwick, P.Geo., BC Exploration Manager, a non-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.