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| Home : Alliance Nominates Designated Project and Antofagasta to Fund Up to $500,000 Usd for Initial Exploration Program at the Recently Staked Thor Porphyry Copper Project, Sonora, Mexico |
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Apr 14
2015 |
Alliance Nominates Designated Project and Antofagasta to Fund Up to $500,000 Usd for Initial Exploration Program at the Recently Staked Thor Porphyry Copper Project, Sonora, Mexico |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 13, 2015) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to announce that the Company's copper porphyry exploration alliance (the "Alliance") has designated the Alliance's recently staked Thor porphyry Copper project in Sonora, Mexico (the "Project"), as a designated project and the Alliance partner, a wholly owned subsidiary of Antofagasta plc. ("Antofagasta"), will fund up to a $500,000 USD phase I exploration program on the Project. Field work is anticipated to begin within the next few weeks once the parties enter into the earn-in agreement pursuant to the Alliance terms and contracts have been secured, and are expected to include geological mapping, alteration studies, geochemistry, ground magnetics and diamond drilling. Mapping and alteration studies will firm up existing drill targets, with high-resolution ground magnetics to provide additional drill targeting information, including in areas of post-mineral cover. Diamond drilling will test select high-priority targets. To the best of Riverside's knowledge the Project has never been drilled before. |
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| Source:http://www.marketwired.com/mw/release.do?id=2008913&sourceType=3 |
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