Riverside Resources (RRI.V) has confirmed it started a 2,000 meter drill program on the Cuarentas gold project where Hochschild Mining (HOC.L) is earning a majority stake. This initial drill program will consist of 10 drill holes which will be drilled on the Santa Rosalia and Santa Rosalia Sur targets which form one large epithermal vein system, similar to the Mercedes Mine (owned by Premier Gold (PG.TO)) and the las Chispas exploration project (owned by Silvercrest Metals (SIL.V) so Riverside is drilling in the right postal code.
This very likely is the very first time the Santa Rosalia mine will be drilled as Riverside’s extensive database has no information about any historical drill programs. Exciting times indeed, especially as Riverside has been keeping its shareholders excited with high-grade assay results from surface sampling programs (LINK). As this is just a first-pass drill program, perhaps we should manage our expectations, but it’s fair to say the Cuarentas project represents some very intriguing high quality drill targets.
We will be following up with CEO John-Mark Staude soon as Riverside has been busy this semester with the spinout of Capitan Mining (CAPT.V), advancing the Canadian exploration projects while getting Cuarentas drill-ready.
Disclosure: The author has a long position in Riverside Resources. Riverside is a sponsor of the website.