Sunday 23rd October 2016

Resource Clips

Sierra Madre, Riverside report Mexico Gold Assays of 0.82 g/t over 88.4m

Resource Clips - essential news on junior gold mining and junior silver miningSierra Madre Developments Inc TSXV:SMG in joint venture with Riverside Resources Ltd TSXV:RRI announced results from their Penoles Project in Durango State, Mexico. Assays include

0.82 g/t gold over 88.4 metres
(including 1.69 g/t over 33.5 metres)
0.6 g/t over 90.7 metres
(including 1.03 g/t over 37.5 metres)
0.41 g/t over 108.4 metres
(including 0.79 g/t over 13.1 metres
1.4 g/t over 33.9 metres
(including 2.1 g/t over 15.6 metres)
0.68 g/t over 61.3 metres
(including 1.52 g/t over 14.4 metres)

Sierra Madre has the right to earn up to a 70% interest in the project. Sierra Madre may earn the initial 51% by issuing Riverside three million Sierra shares at a minimum of $0.50 per share, paying $2.85 million to Riverside and underlying concession holders and spending $3 million in exploration within 24 months of the March 2011 agreement.

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Sierra Madre Developments Inc
Carl von Einsiedel

Riverside Resources Inc
Joness Lang
Corporate Communications Manager
or Kaley Reid
Corporate Communications

by Greg Klein

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