Geologix Exploration Commences Second Phase Drilling Program at Riverside's Libertad Project in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/14/11 -- Riverside Resources Inc. ('Riverside' or the 'Company') (TSX VENTURE: RRI)(PINK SHEETS: RVSDF)(FRANKFURT: R99) is pleased to announce the commencement of a second phase, 1,200 meter diamond drilling program at the Libertad Project in Sonora, Mexico. The proposed drill program will include five holes within a previously untested central portion of the project's gold and silver mineralized structure. A new discovery was made last summer when Geologix completed an initial 2,000 metre drill program, and this follow up program is the next step toward delineating a potential resource.
'Riverside now has partners funding two active drill programs and anticipates two more to commence shortly. This is an exciting time for our shareholders as the level of activity within our portfolio has never been stronger,' stated John-Mark Staude, President and CEO of Riverside Resources Inc. Staude added, 'This news combined with last week's announcement of a major new Strategic Alliance with Antofagasta Minerals makes this July an eventful time and heads us closer toward another resource discovery'.
About Riverside Resources Inc.:
Riverside is a well-funded prospect generation team of focused, proactive gold discoverers with the breadth of knowledge to dig much deeper. The Company currently has approximately $10,000,000 in the treasury and fewer than 35,000,000 shares issued. Riverside's model of growth through partnerships and exploration looks to use the prospect generation business approach to own resources, while partners share in de-risking projects on route to discovery. Additional property information on the Company's projects, including those available for option, can be found on the Riverside Resources Inc. website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., 'expect',' estimates', 'intends', 'anticipates', 'believes', 'plans'). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Riverside Resources Inc.
Joness Lang
Manager, Corporate Communications
(778) 327-6671
(778) 327-6675 (FAX)
info@rivres.com
www.rivres.com
Riverside Resources Inc.
Kaley Reid
Corporate Communications
(778) 327-6671
(778) 327-6675 (FAX)
info@rivres.com
www.rivres.com