- Riverside Resources (TSXV:RRI) expands its presence in southern British Columbia through an option agreement to acquire 100 per cent interest of several mining concessions
- The region is traced northward as the geologic and structural extension of the Republic and Toroda grabens in Washington State
- The district has produced over three million ounces of gold in the last few decades
- Shares of Riverside Resources are up 3.70 per cent to C$0.14
Riverside Resources (TSXV:RRI) is gearing up to expand its presence in southern British Columbia through an option agreement to acquire 100 per cent of several mining concessions.
In a news release, the Vancouver, B.C.-based company said the claims lie in the Boundary District close to Washington state, which is an area that is traced northward as the geologic and structural extension of the Republic and Toroda grabens.
The company said the region has produced more than 3 million ounces of gold, but that the Canadian side has not had much epithermal gold development.
However, British Columbia’s portion of the Riverside tenure is prospective for low sulfidation epithermal style gold-silver mineralization.
Riverside Resources’ work includes building upon previous generative work, including B.C. government databases, fieldwork and Geoscience B.C. research databases to create a structural interpretation of the district and has led to the discovery of several prospective vein targets inside the tenures controlled by Riverside.
The company also that during this year’s summer months it has made a number of mineralization finds and acquired key tenures as the start of a new gold program in southern B.C.
Riverside Resources also completed a first phase of generative exploration starting with stream sediment sampling prospecting and rock sampling. These samples have been shipped to ALS Laboratories in North Vancouver and the company awaits the results.
Shares of Riverside Resources are up 3.70 per cent to C$0.14.
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