| To: LoneClone who wrote (14762) | 2/20/2008 11:39:38 AM |
| From: LoneClone | Read Replies (1) | Respond to of 100834 |
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Riverside Resources Inc. Exercises Option on Scheelite Dome
Wed Feb 20, 8:30 AM
ca.news.finance.yahoo.com 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2008) - Riverside Resources Inc. (TSX VENTURE: RRI.V) is pleased to announce it has exercised its option to extend its right to earn up to 65% of the Scheelite Dome gold project from Copper Ridge Exploration Inc. Riverside's Qualified Person, Carl Nelson, has used data from Riverside's 2007 drill program in addition to data from previous drilling on the property to outline a gold mineralized body that is open in four directions and warrants further evaluation.
Riverside has agreed, per its contract with Copper Ridge, to pay 50,000 shares to Copper Ridge for the right to continue working on the project until February 16, 2009.
Riverside operates with a generative exploration business model using experienced local prospectors, explorers and geologists to identify and acquire high quality mineral opportunities. Riverside looks for the best cost effective ways to build share value. To date Riverside has announced four property acquisitions in Mexico which are summarized at www.rivres.com, and continues building a diverse mineral property portfolio.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Warwick Smith
Riverside Resources Inc.
Director & Founder
(778) 327-6671
(778) 327-6675 (FAX)
Email: info@rivres.com
Website: www.rivres.com
John-Mark Staude
Riverside Resources Inc.
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
Email: info@rivres.com
Website: www.rivres.com |
