Riverside Resources Announces Completion of Phase One Drilling at Union Project and Now Awaits Drill Assay Results
MWN-AI** Summary
Riverside Resources Inc. has announced the completion of the first phase of drilling at its Union Project in Sonora, Mexico. The program, operated under an option agreement with Questcorp Mining Inc., involved completing 12 diamond core holes totaling over 1,600 meters across six key targets: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag. The initial phase focused on targeting shallow gold and base metals, confirming the presence of carbonate host units previously recognized in historic mining.
Dr. John-Mark Staude, President and CEO of Riverside, emphasized the significance of the drilling in assessing the structural and alteration data necessary for advancing mineral exploration. The drilling program included three holes at the Union Mine designed to evaluate manto horizons and structures related to Carbonate Replacement Deposit systems, with the aim of understanding mineralization continuity.
Over 700 half-core samples have been shipped to laboratories for assay analysis, with these results eagerly anticipated to guide the next steps in exploring the project’s potential. Specifically, the company plans to integrate assay results, core logging, and geophysical data to refine its geological model, setting the stage for a future Phase 2 exploration campaign, likely to take place in the first half of 2026.
Riverside Resources, known for its strong financial position and commitment to discovery in North America, continues to explore and develop its mineral properties, maintaining a focus on value generation and strategic partnerships. Investors and stakeholders await the assay results, which will inform further exploration strategies and targets at the Union Project.
MWN-AI** Analysis
Riverside Resources Inc. (TSXV: RRI) has announced the completion of Phase One drilling at its Union Project in Sonora, Mexico, marking a significant milestone in its exploration activities. With over 1,600 meters drilled across six priority targets and over 700 samples already sent to the laboratory, the company is positioned to potentially unlock substantial value from this historically prolific Carbonate Replacement Deposit (CRD) district.
From an investment perspective, there are several key considerations for market participants. First, the completion of initial Phase One drilling provides validation of the exploration strategy and could catalyze interest among investors. The historical context of the Union and Famosa mine areas, paired with positive mineralization signs noted during drilling, supports the notion that the project may yield profitable discoveries. The significant gold grades reported in previous mining activities serve to elevate investor confidence as assay results are awaited.
Market analysts should closely monitor the upcoming assay results, as these will play a crucial role in determining the direction of the share price. Positive results could lead to a surge in shares as the market adjusts to the updated geological model and potential resource estimates. Conversely, disappointing assays may result in volatility or a downturn in share performance, which presents a risk for investors.
Furthermore, post-assay strategies for Phase Two, which promises more extensive drilling and exploration activities, should also be reviewed. Riverside's structured approach to follow-up drilling, contingent upon assay outcomes, suggests a calculated growth tactic that emphasizes resource management and exploration efficiency.
Finally, Riverside's solid financial position, indicated by having no debt and a manageable share structure, adds an additional layer of security for investors. As the company gears up for the next phase in 2026, maintaining awareness of both exploration results and broader market conditions will be essential for making informed investment decisions regarding Riverside Resources Inc.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
~Over 1600 metres drilled to date and 700+ samples shipped to laboratory~
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) ("Riverside" or the "Company"), is pleased to announce the completion of the first phase of drilling at the Union Project in Sonora, Mexico. 12 diamond core holes were completed for a total of just over 1,600 metres across six priority targets. The work is being advanced with funding through partner Questcorp Mining Inc. ("Questcorp") under the option agreement announced earlier in 2025 with Riverside as Operator and managing the exploration program.
Program Highlights
- 12 core holes completed totaling >1,600 m.
- Six targets drilled: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag.
- Three past-producing mine areas tested adjacent to historic workings to evaluate continuity.
- >700 half-core samples shipped; assays pending.
- Holes oriented as angle and near-vertical to cut stratigraphy and structures typical of Carbonate Replacement Deposit-type ("CRD") systems, with focus beneath oxidized horizons generally <150 m depth.
"This first exploration phase accomplished initial drill holes into 6 target areas. We tested multiple shallow gold and base metals targets, confirmed the key carbonate host units recognized by historic mining at Union and Famosa, and gathered the structural and alteration data to further progress efficient mineral exploration," said Dr. John-Mark Staude, President and CEO of Riverside Resources. "This historically mined CRD district, validated by new drilling and improved datasets, advances our geologic model and supports the potential for a large-scale discovery. With six targets advanced and more than 700 samples at the lab, once results are received, we will scope the next exploration program and focus on the most prospective trends indicated by assay results, stratigraphy, structure, and geophysics."
Drilling Update by Area
Union Mine: Three holes at the Union Mine targeted manto horizons and chimney/feeder structures adjacent to historic underground workings. This reconnaissance drilling was designed to evaluate stratigraphy, alteration, and mineralization continuity typical of CRD systems.
Famosa Mine Area: Four core holes tested a west-dipping dolomite manto target and adjacent structures. Logging noted intrusive dikes and breccias; no geochronology has been completed. Historical small-scale mining left surface dumps reported with gold grades of >0.5 oz/t Au (>15 g/t) in an independent NI 43-101 report filed on SEDAR+, May 7, 2025, by Questcorp. An inclined shaft dipping ~70° to the west parallels the favorable horizon. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization.
Union Norte: Two initial holes tested the manto horizon within dolomitic carbonate strata to evaluate continuity and geometry along favorable trends mapped near historic workings. This phase targeted the westward extension. Follow-up work, including possible step-outs to the east, will be considered after assays and geological interpretation.
Cobre and Luis: Each target was tested to assess style, structure, and controls on mineralization. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metals system.
Figure 1: Map of drill targets and core drill hole locations for the 12 holes of Phase 1 program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/274043_4f76f41f0415684e_002full.jpg
Sampling and Assays
Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry ("ICP-MS") following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. Remaining half-cores are retained for reference. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods.
Next Steps
After assays are received, the Company plans to announce results and begin work to integrate the full exploration results including the assays, core logging, geophysics, advance detailed multi-element geochemistry, and updated structural mapping to refine the CRD model and scope for a Phase 2 exploration campaign. The Phase 2 campaign will likely include more extensive drilling and other exploration work as this Phase 1 was only an initial sampling into some of the targets at Union. This next expanded drill program could take place in H1, 2026 as all permits and access are in good standing and with the new data targets will be ready to explore.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company's website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
"John-Mark Staude"
Dr. John-Mark Staude, President & CEO
For additional information contact:
| John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com | Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com |
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 risk that the Transaction will not be completed as contemplates, or at all, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274043
FAQ**
What are the expected timelines for receiving assay results from the 700+ samples shipped, and how will these results influence the next steps for Riverside Resources Inc. RRI:CC at the Union Project?
Can you elaborate on the specific geological features of the carbonate-hosted systems being targeted at the Union Project, and how they relate to historical mining activities in the region for Riverside Resources Inc. RRI:CC?
How does Riverside Resources Inc. RRI:CC plan to integrate the new data from this first phase of drilling into its overall exploration strategy, particularly regarding the potential for large-scale discoveries?
With the completion of 12 holes at six target areas, what criteria will Riverside Resources Inc. RRI:CC use to prioritize targets for the Phase 2 exploration campaign?
**MWN-AI FAQ is based on asking OpenAI questions about Riverside Resources Inc. (TSXVC: RRI:CC).
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