Developing a High-Grade Gold and Silver Deposit in Mexico

Source: Streetwise Reports 06/21/2018

John-Mark Staude, CEO of Riverside Resources, speaks with Maurice Jackson of Proven and Probable about his company’s exploration in northern Mexico.

Maurice Jackson: Today we will provide an update on Riverside Resources Inc. (RRI:TSX.V), Where Knowledge is Golden, trading on the TSXV, symbol RRI, and on the OTC, symbol RVSDF. Joining us for conversation is Dr. John-Mark Staude, the president, CEO and director or Riverside Resources.

John-Mark, Riverside Resources has some very intriguing news report out of Sinaloa, Mexico, on the 100%-owned La Silla Gold Project in Mexico. Where is La Silla located and historically is this an area known for producing gold mines?

John-Mark Staude: It’s in a great part of western Mexico. It’s in the state of Sinaloa just to the east of Mazatlan. So from Mazatlan, it’s only about an hour and a half on a paved road right to this project. The reason there’s a paved road there is it’s a mining district. Just to the east of us is Taylotita and San Dimas, which has produced over eight million ounces of gold. It’s produced nearly a billion ounces of silver. These are mega districts in Mexico. Riverside is so excited to have gotten in to La Silla, which is a project that Yamana had worked on previously, acquired it from Meridian, and for us to be able to capture such a great asset, put it together, and now begin to do the exploration. Drill targeting is awesome. It’s a very mega mining district area of Mexico.

Maurice: You know, John-Mark, Riverside raised some very impressive assay results. Take us here to table 1 and walk us through them, please.

John-Mark S.: Table 1 is exciting because it has gold, silver, and the interval. You can see the gold values go two, three, five, but particularly nine grams. Then we have even 19 gram gold, high grade gold, and on silver 100 and up to 200 gram silver. So very nice values. These values can also be shown on the map view.

Maurice: John-Mark, walk us through Figure 1 of the La Silla.

John-Mark S.: Here on the map, the La Silla, we have the scale bar on the left of the assay values, and we have the lithologies on there. What you’re looking at is an east-west vein. This east-west vein is Cireulos vein, is one of four major veins in the La Silla district. We’re so excited to be having multiple locations with high grade values. There’s a sample with nine grams gold. There are samples with one, two, three, all the way to 2.5. These long veins over two kilometers, east-west, are really the type of veins that have been developed in the Taylotita mine, San Dimas mine, other mines in this region of Mexico. The green is the volcanic andesites. On the pink is actually the dacites, so the volcanic top boundary is the right place to be. These are fault structures. Good feeder structures, and this there is a cross section line from A to A Prime.

Maurice: John-Mark, what are we looking at here on Figure 2?

John-Mark S.: This is actually the cross section from the south A to the north A Prime. It’s looking at the fault contact with andesite and dacite. With large amounts of gold mineralization. We have 9 grams hauled on the surface, we have a parallel vein. We have a wide zone here, up to 30, 40, even 50 meter wide potential zones of mineralization. We’re very excited by having these vein zones through here, with the main feeder. And then dacite and lithic tests and faults.

These type of cross sections are key for us to be able to figure out where we want to drill. So we see very easily, standing right at the surface, and drilling right into mineralization, a really great drill target at the La Silla project by Riverside.

Maurice: What will be the next step you look to accomplish at La Silla, based on these results?

John-Mark S.: Based on these good results, we can see continuous more sampling, and immediately going to drill permitting. Being able to find 9 gram gold on the surface, 200 gram silver, having these type of assay values, shows us we have good potential for finding something at depth. So the next stage will be drill permitting, and we’ll have that ready for our partner. These are the type of projects that a prospect generator would like to partner, for owning catalysts for a big discovery.

Maurice: Switching gears, for our audience. In April, I was in attendance on a site visit in Sonora state, Mexico, at the Cecilia Gold Project. John-Mark, the value proposition before us here can be astounding. Let me repeat that with an underscore, really astounding. Can you remind the audience of some of the assay results that we have there and the value proposition we have before us?

John-Mark S.: So first off, it’s a big hill with no people around it. So you have great access, really big scale, and that’s key. The grades of up to two ounces, one ounces of gold, having over an ounce of gold in surface on veins is amazing, and right now we’re in the field following that up with more sampling, and going ahead and targeting and figuring out the drill permitting. Getting the drills just right to be able to target these.

Second thing is, we have five other domes at this property. So, it’s not just the one hill, but it makes Cecilia an amazing project with amazing upside, and multiple shots at discovery for Riverside shareholders.

Maurice: We often overlook the intangibles that make an issuer successful. So I want to diverge here slightly. Give us some background on John-Mark Staude and your team there. How long have …read more

From:: The Gold Report