Riverside Resources (RRI.V) has released the initial results from its mapping, sampling and geophysical activities at the Sandy gold project in Mexico’s Sonora province. According to the first interpretation of this first pass exploration project, CEO Staude thinks the gold appears to be associated with large structures and intrusions, but obviously more work needs to be done to put a geological model together at Sandy. Additional mapping and sampling activities are planned for later this year, and we think the company will expand the program to outside the two core areas it has been working on this year.
Riverside had to start somewhere, and chose to initiate its exploration activities at the center of the project zone where historical mine workings had been identified. Although not representative for the entire property, samples of these old workings indicated the presence of high-grade gold (with grades of up to almost 39 g/t gold but we are actually more impressed with the 1.5 meters of channel samples grading 3.7 g/t, 4.7 g/t and 9.3 g/t gold as these are excellent gold grades over very decent widths. This also gives us an idea of the rich nature of the gold system the historic miners were working on.
A mapping and sampling campaign always is one of the very first steps of an exploration program as it will help to fine-tune the drill targets. The grades encountered by this first pass program (more sample results should be released over the next few weeks) are very encouraging, and it strengthens the case the intrusive bedrock at Sandy may actually be the source of the gold that has been mined through placer activities just north of the property.