Riverside Resources Inc. , is pleased to announce that the Los Cuarentas district acquisition has been completed. Riverside announced the deal to acquire this Project as part of a portfolio of assets from Millrock Resources Inc. in June of 2019 for four mineral properties in Sonora, Mexico. The Los Cuarentas Project is located in northeastern Sonora, Mexico, within the Los Cuarentas district, which is part of the larger [...]
Riverside Resources Inc. , is pleased to report that the Company has staked and acquired the Oakes Gold Project located in northwestern Ontario. Riverside’s initial sampling at the Oakes Project returned three high-grade surface samples from an area stripped in 2010. Two of the five samples taken from this trench returned 19.7 g/t and 31.9 g/t gold. Another sample 30 m along strike to the east returned 6.9 g/t gold [...]
Riverside Resources Inc. , is pleased to announce that it has entered into a binding Letter Agreement, signed on June 25, 2019 to purchase a 100% undivided right, title and interest in five projects from Millrock Resources Inc. . Multiple Projects in this transaction have been of interest to Riverside for several years and the opportunity to purchase these along with equipment and data for cash and shares provides great [...]
Riverside Resources Inc. , is pleased to announce the hiring of Alberto Orozco, who has taken a VP Corporate Development position with the Company. Mr. Orozco is based in Hermosillo, Sonora, Mexico with Riverside’s Mexico headquarters where he is able to lead the Riverside Mexico mineral exploration team with a focus on the Company’s on-going work and new developments to accelerate the Company’s [...]
Riverside Resources Inc. , is pleased to announce the signing of a two-year, US$2,000,000 Exploration Financing Agreement with BHP Exploration Chile SpA for the funding of generative exploration in the copper producing belt of Mexico . The Program will focus on identifying and developing exploration opportunities leading to the discovery of new large copper deposits within an Area of Interest using Riverside’s [...]
Riverside Resources Inc. is pleased to report initial results from the Company’s first-phase exploration program at the recently staked Sandy Project located in northwestern Sonora, Mexico. Riverside continues to leverage its knowledge and experience in NW Mexico to cost-effectively acquire new prospective concessions with strong potential for new discoveries. Riverside geologists have completed near surface [...]
Riverside Resources Inc. is pleased to announce it has closed its previously announced private placement. The placement was over-subscribed and the Company issued 17,488,875 units at a price of $0.16 per unit for gross proceeds of $2,798,220 instead of the 9,375,000 units originally contemplated. Each unit consists of one common share and one whole common share purchase warrant . Each common share purchase warrant is [...]
Riverside Resources Inc. is pleased to announce that the Company has received exceptionally strong investor interest and intends to increase its previously announced non-brokered private placement by an additional $800,000. Riverside now plans to raise up to $2,300,000 in gross proceeds from the issuance of 14,375,000 units at a purchase price of $0.16, up from the original $1,500,000 target. Each unit consists of one [...]
Riverside Resources Inc. , is pleased to announce that partner Sinaloa Resources Inc. has entered into a Definitive Agreement signed on January 30, 2019 that begins with an Initial Option to acquire a 70% interest in the La Silla Project . Sinaloa Resources has issued Riverside 1,000,000 common shares and now paid $60,000 total in cash. Riverside and Sinaloa Resources expect the commencement of a first phase $300,000 [...]
Riverside Resources Inc. , is pleased to announce that it plans to complete a non-brokered private placement of up to 9,375,000 units at a price of $0.16 per unit to raise aggregate proceeds of C$1,500,000 . Each unit consists of one common share and one whole common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two years from closing at a price of $0.22 [...]
Riverside Resources Inc. is pleased to provide a brief outlook for the coming year. Riverside is pleased to enter 2019 with a stable of high-quality gold, silver and copper exploration assets in Mexico. Riverside continues to have a tight share structure ; increasing the potential for strong share price appreciation on new exploration successes. The list below outlines some of the key catalysts and opportunities the [...]
Riverside Resources Inc. , is pleased to receive new exploration results at its 100%-owned Cecilia Gold Project in northeastern Sonora, Mexico. Recent rock sampling and mapping was conducted on the Cecilia 1 claim following-up on anomalous areas identified during the reconnaissance soil sampling survey which was conducted over the larger tenure acquired earlier this year. Initially, the exploration work focused on the [...]
