Riverside Resources Inc. is pleased to provide a brief outlook on its goals and objectives for 2021. Riverside enters the new year with two joint-venture partners actively advancing gold-silver projects in Sonora, Mexico. The Company formed an option partnership agreement with Hochschild Mining on its Cuarentas Project, where an initial 1,500 m drill program has recently wrapped up. In addition to the joint venture at [...]
Riverside Resources Inc. is pleased to announce that drill results from the first four of nine holes drilled at the Cuarentas Project have been received and are reported below. The primary focus of this initial drill program targeted the Santa Rosalia area with a total of 9 holes . All drill holes intersected the mineralized structure along the 400 m strike-length. Drilling suggests some displacement has occurred between [...]
Riverside Resources Inc. , reports that surface exploration continues at the Cuarentas Gold Project located in northern Sonora, Mexico. Recent trenching and channel sampling work from the Santa Rosalia Sur and El Centro targets returned encouraging assay results in a continuous 1.7 km mineralized structural trend, "El Testerazo" . The Cuarentas Project is located approximately 20 km to the east of Premier Gold Mines [...]
Riverside Resources Inc. provides an update on the latest channel sample results received from the Cerro Magallanes targets at the Cecilia Project . Riverside and partner Carlyle Commodities Corp. find more high-grade gold at surface increasing confidence in the interpretation of the structural control for mineralization. Surface work has helped the Company define and detail a 7-hole drill program for 1,500 m over the [...]
Riverside Resources Inc. , has received results from the latest geophysics survey that included 3.8 line-km of Inverse Polarization in five lines across the Cerro Magallanes rhyolitic dome part of the Cecilia Project, Sonora, Mexico . Ahead of drilling, Riverside has further refined and detailed drill targets with the geophysics IP survey using 50-m dipole spacing. The close spacing between dipoles helps to delineate [...]
Riverside Resources Inc. , has commenced an initial 2,000 m diamond drill program at the Cuarentas Gold Project with exploration partner Hochschild Mining Plc . The initial drilling campaign will consist of 10 holes over the historical Santa Rosalia Mine and Santa Rosalia Sur gold vein target areas. These targets are located 1 km apart and form part of a large epithermal vein system. Other notable epithermal vein systems [...]
Riverside Resources Inc. , has received new channel sampling and soil sampling results taken along several of the planned drill targets at The Cuarentas . Results aim to provide respective grade thickness at surface on known targets and to expand the documented strike distance of vein systems through the soil sampling program. The Project is located approximately 20 km to the west of Premier Gold Mines' Mercedes mine and [...]
Riverside Resources Inc. , is pleased to provide an update on the current work program which included rock sampling and drill pad construction ahead of drilling at the Cecilia Project in Sonora, Mexico. The Project is currently under option with Carlyle Commodities Corp. as both companies prepare for an upcoming drill program. Riverside is acting as the operator progressing modeling of drill targets with a key focus at [...]
Riverside Resources Inc. , is pleased to report that the Company is continuing with its generative exploration and geologic data driven targeting approach in staking the High Lake Greenstone Belt west of Kenora, Ontario. The project area is roughly 230 km2 and extends from Kenora, west to the Manitoba provincial border. The claims block is roughly 20 km in length and immediately south and parallel to the Trans-Canada [...]
Riverside Resources Inc. is pleased to announce that it has completed the plan of arrangement which was previously discussed in press releases dated February 25, 2020, April 1, 2020 and April 6, 2020, with the arrangement to spin out the shares of Capitan Mining Inc. to the shareholders of Riverside, effective Friday August 14th, 2020. Capitan and its shareholders will now hold 100% interest of the gold-silver resource at [...]
Riverside Resources is pleased to announce that further to its press releases dated February 25, 2020 and April 1, 2020, the effective date for the spin-out of the Peñoles Project to its shareholders by way of a plan of arrangement with Capitan Mining Inc. is expected to occur at 12:01 a.m. on August 14, 2020. Pursuant to the arrangement, holders of common shares of Riverside on August 13, 2020 will receive one new common [...]
Riverside Resources Inc. , is pleased to announce that it has entered into a Definitive Option Agreement with Carlyle Commodities Corp. , for Riverside's 100% owned Cecilia Gold-Silver Project in Sonora, Mexico. The Agreement would grant Carlyle 100% undivided right, title, and ownership to the Cecilia Project for an aggressive work program, cash payments, shares over-time and a 2.5% NSR with Riverside managing as [...]
