RE: RE: The heat will be turned up shortlyThere are other players moving into surrounding areas. Check out Riverside Resources.
This news was released today.
https://www.tradingmarkets.com/news/press-release/bcyff_bcy_rri_rvsdf_riverside-resources-signs-an-option-agreement-for-three-mexico-gold-projects-with-bcy-resources-inc--1485863.html
Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:
RRI |PowerRating)(PINK SHEETS:
RVSDF |PowerRating)(FRANKFURT:R99) is pleased to announce that BCY Resources Inc. (TSX VENTURE:
BCY |PowerRating)and Riversides Resources Inc. have entered into an option agreementwhereby BCY can acquire a seventy-five percent (75%) interest inRiverside's 100% owned Catrina, Escondida, and Pedernal projects,located in Durango and Zacatecas, Mexico (collectively the "DurangoProperties"). In order to exercise the option BCY must issue Riversidean aggregate 2,600,000 BCY shares, make total cash payments of $500,000to Riverside, and incur an aggregate $4,000,000 in explorationexpenditures on the Durango Properties within 36 months of the agreement
Escondida is in northwestern Zacatecas and is surrounded by majordeposits owned by Silver Standard, PanAmerican Silver, Penoles and OrkoSilver. Escondida is in a gold-silver trend hosting over five millionounces of gold. Two east-west striking mineralized trends wereidentified at Escondida within a 2.1 km by 1.3 km zone defined as theprimary drill target area. These east-west striking trends likelyrepresent mineralized structures that were identified through acompleted geophysical IP survey with the target area remaining wide openin multiple directions.This is a high priority drill target whichwarrants more extensive geophysics and follow up exploration.