Riverside Resources (RRI.V) and Carlyle Commodities (CCC.C) which is currently earning into the Cecilia property in Mexico’s Sonora state, have released the assay results of the final two holes of the small, 7-hole Phase I drill program on the project.
Both holes intersected gold mineralization again although the grades are on the lower end of the spectrum. The 1.3 meters (true width) containing 8.82 g/t gold is good but that also means the remaining 2 meters if the wider 3.3 meter interval had an average grade of just 0.37 g/t. As you can see on the image below there clearly is gold in the Cecilia system, and future drill efforts will now be able to use a more targeted approach.
The high-grade interval is encouraging and we are looking forward to seeing the details of future drill programs tackling the Cerro Magallanes dome.
Disclosure: The author has a small long position in Riverside Resources. Riverside is a sponsor of the website. Please read our disclaimer.
