Dr. John-Mark Staude reports
RIVERSIDE AND QUESTCORP DRILLING ADVANCING AT UNION PROJECT WITH THREE OF FIVE TARGETS PROGRESSED
Riverside Resources Inc.'s drilling at the Union project in Sonora, Mexico, is progressing on track and on budget, with three of the five main targets now having some initial drilling and work continuing toward completion of the current program. This update follows the company's July 7, 2025, announcement outlining preparations for drilling and the Aug. 6, 2025, news release marking the start of the program.
"We are pleased to see the Union project drill program advancing on schedule and on budget, with key targets now being tested," commented Dr. John-Mark Staude, president and chief executive officer of Riverside Resources. "The geological information we're gathering, the mineralization indicators, particularly the structural and stratigraphic details, is already refining our exploration model and setting us up for the next stages as the program moves ahead. We look forward to drilling the high-potential Famosa target and to receiving the assay results from the work completed so far as the Riverside team operates working with the drill company."
The first hole at the Union mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations, both key host units for past mining at Union as described in the National Instrument 43-101 report on SEDAR+ filed on May 7, 2025, by Questcorp Mining Inc. The hole ended in the Caborca formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with four-acid digestion to determine silver, base metal and multielement values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.
Drilling then moved to the northern part of the project, testing two target areas: the El Cobre mine area and the North Union mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along premineral fault structures, primarily within the Clemente formation. Drilling in these areas has intersected more quartzite than initially modelled, with extensive hematitic oxides, an encouraging sign for potential gold mineralization, possibly linked to sulphides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulphide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union mine, El Cobre, North Union and Famosa.
The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature. Famosa produced gold historically, with reported grades exceeding 0.5 ounce per ton gold in archived records referenced in the NI 43-101 report. The company is encouraged by the target's potential and is eager to advance drilling here.
Once this initial campaign is completed, follow-up work will integrate assay results, continuing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente formation supports the evolving model of fracture- and quartz-pyrite-veinlet-hosted gold mineralization, which will help sharpen targeting at the Union project. Core from all drilling has been logged and saw cut and half-core samples have been sent for assay, with remaining halves retained for reference and cataloguing.
The company looks forward to completing the Famosa drilling, receiving the pending assay results and providing further updates as this program progresses.
Qualified person and quality assurance/quality control
The scientific and technical data contained in this news release pertaining to the project were reviewed and approved by Freeman Smith, PGeo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the information provided in this news release is accurate and who acts as a qualified person under NI 43-101, Standards of Disclosure for Mineral Projects.
Rock samples from previous exploration programs discussed above at the project were taken to the Bureau Veritas laboratories in Hermosillo, Mexico, for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, B.C., Canada, for 45-element ICP/ES-MS analysis using four-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.
About Riverside Resources Inc.
Riverside is a well-financed exploration company driven by value generation and discovery. The company has a solid balance sheet with no debt and less than 75 million 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.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.