Riverside Resources, Sierra Madre Continue Drilling Out Capitan Gold Body With New Results
Riverside Resources Inc. (RRI.V) and Sierra Madre Developments (SMG.V) today announced additional drill results from the 2012 drill program at the El Capitan Target (a near surface, shallow dipping, oxide gold deposit), which forms part of the Company's Penoles Project in Durango, Mexico. Highlighted results include drill-hole CDDH 12-08 which returned 124.5 meters of 0.606 g/t gold, including a 48.70 meter interval averaging 1.013 g/t gold. Drill-hole CDDH 12-11 returned 154.43 meters averaging 0.452 g/t gold and included 28.63 meters averaging 1.119 g/t gold.
Riverside is up 8% to 67 cents, and Sierra Madre is up 20% to 6 cents, taking it away from a yr low of 5 cents.
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