Riverside Resources Inc.
TSX VENTURE : RRI

Riverside Resources Inc.

January 03, 2008 08:30 ET

Riverside Resources Acquires 100% Interest in La Ventosa Project in Southern Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 3, 2008) - Riverside Resources Inc. (TSX VENTURE:RRI) is pleased to announce that it has acquired a 100% interest in the 10,175 hectare Ventosa Property, in southeastern Oaxaca, Mexico. The property is easily accessible with paved highway access in a low topography area that hosts gold mineralization currently being drilled by Penoles and other resource companies. The Ventosa district has Tertiary andesitic-dacitic volcaniclastic flows overlying Middle Jurassic - Cretaceous schists and phyllites with varying amounts of quartz shearing and mesothermal cataclastic breccias. Field work carried out by Riverside geologists has confirmed the presence of multiple quartz veins, breccias and quartz stockworks hosted by an argillic altered volcanoclastic sequence. Bladed carbonate minerals pseudomorphed by quartz typical of hotspring and shallow epithermal hydrothermal boiling zones are present in several parts of the concession and will be further explored in the coming exploration program. The Ventosa property has small mining areas where material has been previously extracted from open pits. Riverside Resources current sampling and mapping program aims to delineate the extents and tenor of mineralization as the company progresses its generative portfolio as well as looking to acquire high impact drill target projects in Mexico.

Riverside follows a prospect generator business model using experienced local prospectors, explorers and geologists to identify and acquire high quality mineral opportunities. To date Riverside has announced several property acquisitions which are summarized at www.rivres.com, and continues building a diverse mineral property portfolio.

The scientific and technical information contained in this news release was prepared under the supervision of Carl Nelson, VP Exploration for Riverside Resources, and a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

We seek safe harbor.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Riverside Resources Inc.
    John-Mark Staude
    President & CEO
    (778) 327-6671
    (778) 327-6675 (FAX)
    Email: info@rivres.com
    Website: www.rivres.com
    or
    Riverside Resources Inc.
    Warwick Smith
    Director & Manager Media Communications
    (778) 327-6671 (Ext. 316)
    (778) 327-6675 (FAX)
    Email: info@rivres.com
    Website: www.rivres.com