Core Viewpoint - Riverside Resources Inc. has initiated the Phase 2 exploration program at the La Union Project in Sonora, Mexico, building on the success of the previous Phase 1 drill program which discovered sediment-hosted gold [1][2]. Exploration Program Details - The Phase 2 program is fully funded by Questcorp and involves geological mapping, geochemistry, geophysics, and structural analysis across four main target areas [1][2]. - An expanded aeromagnetic drone survey will be conducted concurrently to enhance the Phase 1 geophysical dataset, aiding in drill targeting for a planned drilling program in early summer 2026 [3]. Target Areas and Mineralization Styles - The Union Project features multiple district-scale target areas, focusing on three distinct mineralization styles: carbonate replacement deposit (CRD), sediment-hosted gold in calcareous siltstones, and structurally controlled gold mineralization within quartzite [6]. - Follow-up work will include further investigation of sediment-hosted gold targets identified during Phase 1, particularly at the Union Mine and Famosa North area [7]. Recent Developments - The Famosa area mineral concessions have been consolidated into Riverside's land package, enhancing the foundation for the Phase 2 work program [5]. - The company has secured permits, site access, and selected both a drill contractor and geophysical service provider, ensuring logistics are in place for the summer 2026 drilling program [8]. Company Overview - Riverside Resources Inc. is a well-funded exploration company with over C$5,000,000 in cash, no debt, and a strong portfolio of gold-silver, copper, and REE assets in North America [11].
Riverside Resources and Questcorp Launch Phase 2 Exploration Program at La Union Project, Sonora, Mexico
TMX Newsfile·2026-04-01 07:05