Riverside Resources Inc.

Riverside Resources Inc.

October 22, 2014 16:11 ET

Riverside and Partner Morro Bay Announce Drill Results From the San Rafael Silver-Gold Mine Area at the Penoles Project, Durango, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2014) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to announce drill results from the San Rafael historic mine area ("San Rafael") at the Peñoles Project (the "Project") in Durango, Mexico. This most recent round of drilling focused on stepping out beyond the already known gold body at El Capitan and high-grade silver vein system at Jesus Maria, with the first five drill holes now completed 2 kilometres to the east at San Rafael. Drill result intervals included (DDH-14-01) 3.08 metres of 1.19 g/t gold and 79.2 g/t silver, and (DDH-14-05) 8.90 metres of 0.63 g/t gold and 101 g/t silver. The drilling intersected key mineralized structural veins and starts to confirm strike and depth continuity of gold and silver mineralization in multiple structural zones and warrants a further follow up drilling and exploration program. This initial work phase was designed to confirm the presence of mineralized veins and structures at the San Rafael mine area, and was successful within 5-10m of the estimated location.

The Peñoles Project is host to multiple mineralized vein systems, fault zone structures, poly-metallic skarns, and silicified low-temperature gold-rich volcaniclastics. The mineralization commonly has high grades of gold and silver with varying amounts of lead and zinc. Approximately 86 diamond drill holes totaling more than 10,000 metres have now been completed at the Project. Initial partner funded drill programs focused on the El Capitan zone, which is up to 70 metres thick, 700 metres long, and extends at least 200 metres down dip with over 30 drill holes and remains open for further expansion potential. Exploration continued beyond El Capitan with 30 holes and approximately 3,115 metres of drilling completed at the Jesus Maria historic mine area in 2013. At least three mineralized zones have been identified at Jesus Maria including poly-metallic replacement bodies, gold-silver veins, and breccia bodies. The mineralized horizon in the Jesus Maria zone is at least 1400 metres long, up to 50 metres thick and extends at least 200 metres down dip. Further drilling could extend this zone significantly. In addition to El Capitan and Jesus Maria, this most recent drilling has now extended exploration to include the historic workings at San Rafael. See the table below for highlighted drill results hitting multiple sub-parallel Ag-Au veins:

Table 1.1 Summary of Mineralized Intervals in the 2014 San Rafael Drilling Program

Drill Hole
SR-DDH-14-01 66.95 69.25 2.3 0.09 99.8
SR-DDH-14-01 190.32 193.4 3.08 1.19 79.2
SR-DDH-14-01 193.4 205.3 11.9 0.06 48.0
SR-DDH-14-01 214.3 223.7 9.4 0.06 46.9
SR-DDH-14-03 94.9 96.1 1.2 0.04 50.1
SR-DDH-14-04 55.7 57.7 2 0.03 63.0
SR-DDH-14-05 123.3 126.7 3.4 0.10 53.0
SR-DDH-14-05 146.8 155.65 8.9 0.63 101.0
SR-DDH-14-05 174.4 179 4.6 0.33 44.9

*True widths are estimated to be 90% of reported core lengths

To view cross sections of drill holes DDH-14-01 and DDH-14-05 please follow this link: http://goo.gl/XNwykx.

About the Peñoles Project:

The Peñoles Project is located in the Durango silver-gold belt in north-central Mexico and is currently owned 100% by Riverside. The recently completed drill program was conducted pursuant to a commitment by Morro Bay Resources Ltd. ("Morro Bay") to perform $500,000 of exploration work on the property during the fall of 2014. Morro Bay can complete its option to earn an initial 51-per-cent interest in the property by paying Morro Bay can complete its option to earn an initial 51-per-cent interest in the property by paying USD$1.25-million in cash to Riverside and paying CAD$850,000 (CAD$750,000 of which may be paid by delivery of Morro Bay shares) no later than December 31, 2014. For more information see Riverside press release dated January 23, 2014.

There are approximately eleven targets on the Peñoles Project, including the El Capitan Gold Zone, the Pinchanzo Zone (see Riverside press release dated May 23, 2012), potential west extensions of El Capitan (referred to as the West Extension), the previously mined Jesus Maria and San Rafael Ag-Au-Pb-Zn mines areas. The district is highly prospective with active mining operations nearby and has proven to be a cost effective region where projects can be efficiently developed towards production.

Qualified Person and QA/QC:

The scientific and technical data contained in this news release pertaining to the Peñoles Project was reviewed by Greg Myers, PhD, P. Geo. - VP Exploration, 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 who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

All drill cores were placed in numbered boxes and transported to the project's secure core facilities by the drill contractor. Following detailed core logging all core was cut using a diamond bladed core saw under the direct supervision of Riverside's geologic staff with half of the core kept on site in the original core boxes. All drill samples were sealed in numbered plastic bags and transported to Inspectorate America Assay labs facility in Durango City for prep work and analyzed at their facilities in Reno, NV, USA. Inspectorate America is certified for the provision of assays and geochemical analysis (ISO:9001-2008). All samples were prepared using standard industry preparation methods followed by fire assay analysis and four acid complete digestion for trace elements. All samples with greater than 10 g/t Au or 100 g/t silver were additionally tested by fire assay with a gravimetric finish. The Company has included appropriate industry certified standards and blanks within the drill core sample stream in addition to the standards and duplicates included as part of the Inspectorate QA/QC program.

About Riverside Resources Inc.:

Riverside is a well-funded prospect generation team of focused, proactive precious and base metal discoverers with the breadth of knowledge to dig much deeper. The Company currently more than $3,500,000 in the treasury and approximately 37,000,000 shares outstanding. The Company's model of growth through partnerships and exploration uses the prospect generation business approach to own resources, while partners share in de-risking projects en route to discovery. Riverside has additional properties available for option with more information available on the Company's website at www.rivres.com.


Dr. John-Mark Staude, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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