Riverside Resources Inc. ("Riverside" or the "Company") (TSX
VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to announce that
Riverside Resources (BC) Inc., a wholly owned subsidiary of Riverside, has
signed a Definitive Agreement with Valterra Resource Corporation ("Valterra"),
for the exclusive right and option to acquire an undivided 80% interest in the
Swift Katie Property (the "Property"). This agreement will be undertaken as part
of Riverside's exploration alliance with a wholly-owned subsidiary of
Antofagasta plc ("Antofagasta"). Swift Katie is an 80km2 copper-gold-silver
porphyry property located seven kilometres southwest of the town of Salmo, BC,
in the Nelson Mining District. The Property has approximately 80 drill holes,
completed between 1987 and 2010, of which the majority were drilled to define
the Katie copper-gold porphyry deposit; the Katie deposit to date has been
tested over a 2.5km by 1.5km area but remains open in several directions. (See
Project Details below for more information.)


Antofagasta has approved an initial Year 1 budget of $600,000 for a summer 2014
exploration program which will include mapping, prospecting, soil sampling and
follow-up diamond drill testing of highly prospective areas within a 3km by 11km
corridor of favourable geology, geochemistry and geophysics. The program will be
designed to evaluate, delineate and test copper-gold porphyry targets outboard
of historically defined zones. Encouraging results obtained from due diligence
work completed by Riverside in the fall of 2013 identified a new, high priority
target 2km south of the historically defined Katie copper-gold porphyry deposit.
The newly identified "Swift" porphyry target is characterized by a 2km by 2km
multi-element soil anomaly underlain by a favourable geophysical signature; this
forested area has limited outcrop but porphyritic intrusive rocks and altered
volcanic rocks were recognized by Riverside geologists within and adjacent to
the target area. The program will aim to discover new areas of copper-porphyry
mineralization through drilling and geochemistry moving towards an aggressive
Year 2 exploration program in 2015.


President and CEO of Riverside Resources, John-Mark Staude, commented: "We look
forward to working up and refining drill targets along the highly prospective
porphyry corridor at Swift Katie. We anticipate the program to commence in late
spring and progress towards drill testing during the summer months."


For complete agreement details please view Riverside's press release dated
October 31, 2013.


Swift Katie Property Details:

The Property is located within the well-mineralized Quesnel Terrane, in a
geologically favourable area of south-eastern British Columbia that historically
has hosted several important mining camps. Three mineral showings are located
within the Property and for many years were explored separately in claims with
different ownership; the claims were amalgamated into a single property for the
first time under Valterra. There have been numerous geological, geochemical and
geophysical surveys completed on the Property with some of the most significant
work funded by subsidiaries of Noranda and Falconbridge in the 1980s-90s. These
programs identified several exploration targets, with the most advanced prospect
being the Katie deposit, an alkalic copper-gold porphyry deposit which has been
tested by 71 drillholes to date and remains open in several directions. Historic
drilling at the Katie occurrence covers an approximately 2.5km x 1.5km area with
several untested soil, IP, magnetic and resistivity anomalies in close proximity
to known mineralization. 


At a district-scale, the Property covers an 11km by 3km trend - as seen in
airborne magnetics - that remains virtually unexplored (outside of the Katie
occurrence) for copper-porphyry targets to date and hosts significant
exploration upside and potential for new discoveries. The Property is located in
an infrastructure-rich area of southern BC (roads, rail, power, and proximity to
the Trail smelter), where a milder climate allows for a long field season,
extensive road networks allow for low-cost exploration, and is situated in a
favourable region of the province that has a strong community of experienced
people on which to draw.


Qualified Person and QA/QC:

The scientific and technical data contained in this news release pertaining to
the Swift Katie Project 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.


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 has more than $5,000,000 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 on route
to discovery. Riverside has additional properties available for option with more
information available on the Company's website at www.rivres.com.


ON BEHALF OF RIVERSIDE RESOURCES INC.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Riverside Resources Inc.
John-Mark Staude
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
info@rivres.com
www.rivres.com


Riverside Resources Inc.
Joness Lang
Manager, Corporate Development
(800) RIV-RES1
(778) 327-6675 (FAX)
jlang@rivres.com
www.rivres.com

Grafico Azioni Riverside Resources (TSXV:RRI)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Riverside Resources
Grafico Azioni Riverside Resources (TSXV:RRI)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Riverside Resources