Riverside Resources (RRI.V) has released additional results from the sampling program on its La Silla gold-silver project in Mexico’s Sinaloa state. The highlights of the sampling program can be found below, and as you can see the field team encountered some nice rocks during the sampling program.
Of course a sampling program is just a way to figure out where the first few holes should be drilled so the main takeaway from the Riverside update isn’t the highlighted high-grade gold-silver samples, but the company’s increasing confidence in the project. The 2021 mapping and sampling project has improved the technical team’s understanding of the project and seems to be resulting in a whole new targeting model with a structural feeder interpretation. According to Riverside, there are similarities with the Tayoltita-San Dimas district next doors which was well-endowed with millions of ounces of gold and hundreds of millions ounces of silver.
The project now has two clear drill targets of which one target (El Roble) has been drilled before (in 2004, so a lot has changed since the previous drill program), but the Ciruelos target has never been drilled despite the presence of old workings along the vein zone. Some of those old workings were quite extensive with the company reporting 28 meter deep and 3 meter wide adits. In the YouTube video below, Erika Sweeney explains the results and the implications in more detail.
Riverside remains very busy in Mexico. Not just with La Silla, but also with the Cecilia joint venture with Carlyle Commodities (CCC.C) and the copper exploration joint venture with BHP (BHP). Riverside recently also took possession of the Cuarentas project in Sonora after Hochschild Mining (HOC.L) terminated its earn-in option after spending about US$1.2M, including a nine hole drill program.
Disclosure: The author has a long position in Riverside Resources. Riverside is a sponsor of the website. Please read our disclaimer.