Key facts
| Company | Riverside Resources Inc. (TSXV: RRI) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About Cecilia Gold-Silver Project
The Cecilia Project is a district scale gold and silver low sulfidation epithermal system centered on multiple mineralized rhyolitic flow-dome complexes. Mineralization is related to structures of N30W and N70E with high grades assayed at the intersection of these structures. One of the workings at the Cerro Magallanes dome returned high grades up to 133.7 g/t Au and 335 g/t Ag. In addition to the rhyolite domes the underlying sedimentary Cabullona group and Paleozoic limestone provide an environment for replacement style mineralization at depth. Riverside’s current analogues for Cecelia are Endeavor Silver’s Pitarrilla deposit and Fresnillo’s San Julian deposit, which contain 526 million oz Ag (Measured + Indicated 1) and over 230 million oz Ag respectively.
News releases1 on file
RIVERSIDE RESOURCES OPTIONS CECILIA PROJECT, SONORA, MEXICO TO CALU
An option agreement has been completed with Calu Resources Corp, under which Calu can earn a 100% interest in the Cecilia Project in Sonora, Mexico by making aggregate cash and share payments of C$1,200,000 and funding C$6,650,000 in exploration expenditures over five years; Calu has paid the initial C$50,000. Riverside's subsidiary Ravena Resources will operate the exploration programs for a 10%
Acquisition