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Riverside Resources Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 550 – 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel No.: 778-327-6671
Fax No.: 778-327-6675
Toll Free No.: 1-877-RIV-RES1 (748-7371)
Web Site: www.rivres.com
E-mail: relmajian@rivres.com
Contact Person: Raffi Elmajian
Position: Corporate Communications


Company Data

Traded Market: TSX-V
Traded Symbol: RRI
Outstanding Shares: 44,609,313
Public Float: ~40%
52 Week High: $ 0.40
52 Week Low: $ 0.22
Present Price: Click Here


Introduction

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Riverside is a well-funded exploration company that is driven by value generation and discovery. The Company has a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture partnerships and spin-out entities to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.


PARTNERSHIPS & PORTFOLIO HIGHLIGHTS

Cecilia Gold-Silver Project, Mexico

  • Located in NE Sonora, Mexico, 40 km east of Cananea (Mexico’s largest copper city)
  • Good access and close to necessary infrastructure
  • Favorable geologic setting for potential to host near-surface gold deposit amenable to open-pit mining
  • Extensive database of previous work analyzed and built upon by Riverside exploration program
  • Riverside’s first-phase exploration found high- grade gold and silver assays up to 113 g/t Au & 288 g/t Ag
  • Drill permit approved with drill targets identified

Peñoles Gold-Silver Project, Mexico

  • 100% Riverside owned
  • 500K Oz Au Eq NI 43-101 Resource
  • Initial Inferred 43-101 resource estimate: 305,000oz Au @ 0.46 g/t and 15,000,000oz + Ag @ 62.3 g/t
  • 11,500 metres of drilling
  • All reported resources within 150 metres from surface
  • Open in multiple directions, more than 5 district targets
  • Jesus Maria Target
    • Past partner-funded drilling, underground sampling and trenching at the historic Jesus Maria silver mine discovered high-grade Ag.
    • Drill highlights included:
      • JM DDH 14-10: 4.25 m at 732.24 g/t Ag & 1.2 g/t Au
      • JM DDH 14-24: 7.15 m at 988.43 g/t Ag & 1.24 g/t Au
      • JM DDH 14-26: 3.00 m at 573.8 g/t Ag & 0.29 g/t Au
      • JM DDH 14-27: 18.7 m at 203.92 g/t Ag & 0.65 g/t Au

Tajitos Gold Project, Mexico

  • Located in NW Sonora, Mexico in the heart of the Sonora Megashear Gold Belt
  • Large 61sq. km land package with orogenic gold system and open pit potential
  • High-grade gold previously mined 100% Riverside owned
    • Tajitos Project is surrounded by two advanced projects:
    • Fresnillo PLC’s Tajitos Project
    • Agnico Eagle’s Pitaya Project

Glor Gold Project, Mexico

  • Next to Alamos Gold’s, El Chanate mine with similar indicative geologic features
  • Large, 36 sq. km Glor Project land package, active program.
  • JV Partner, Centerra Gold fully funded exploration and drilling programs
  • Riverside and JV Partner completed 1,200+ m drill program at the Puerto El Alamo target in late Q4 of 2017
  • Project field work completed in the spring of 2018 focused on the new Canasta target, where soil survey and rock sampling results have been encouraging, with a number of bedrock occurrences of gold and base metal mineralization being discovered. Geological mapping and interpretation of aeromagnetics data has identified a 3.5 km long structural zone on the property, which appears to be prospective for gold mineralization.
  • Partner-funding with Centerra expected to continue at Glor

Clemente Silver-Gold Project, Mexico

  • IPO $3M raised
  • Partner, Silver Viper completed half of a 2,000 m drill program at Clemente
  • Further exploration to occur at Santa Elena Target
  • Riverside holds 1M Silver Viper shares
  • Riverside will receive additional cash and share payments if the option earn-in agreement progresses
  • Riverside retains a 2% NSR

La Silla Gold Project, Mexico

  • Located 75 km northeast of Mazatlan in Sinaloa, Mexico
  • The La Silla Property is 100% owned by Riverside Resources Inc. and is available for option
  • In June of 2018 Riverside geologists collected 52 chip, channel and grab samples over the past month during a focused exploration program with assay results ranging from <0.05 up to 19.9 g/t gold and from <0.05 up to 200 g/t silver. Five of the samples returned greater than 1 g/t gold. The new sampling program appears to have extended the strike length of known veins, while also identifying new vein structures at the La Silla Project.

Upcoming 2018 Catalysts & Value Drivers

  • New strategic partnerships to advance existing 100%-owned Riverside projects
  • Continued partner-funding with Centerra Gold
  • Riverside expects to deliver 2018 drill campaigns at the Cecilia and Peñoles projects
  • New project acquisitions and portfolio growth: Riverside actively acquiring high-quality assets and consolidating key districts in Mexico


Management

Management and Directors

John-Mark Staude, Ph.D, President and Chief Executive Officer, Director

Mr. Staude has over 20 years of diverse mining and exploration experience in precious and base metals. He earned a Master of Science from Harvard University in 1989 and a Ph.D. in economic geology from the University of Arizona in 1995.

Ron Burk, Vice President of Exploration

Mr. Burk has 30 years of work experience in the minerals industry, primarily focused on generating and evaluating exploration properties. He most recently worked at Centerra Gold Inc. as VP of Exploration. Prior to this, he held the positions of VP, Exploration and Chief Geologist at Silver Standard Resources Inc.

Pedro Herrera, MSc., Country Manager (Mexico)

Mr. Herrera has more than 20 years of exploration experience throughout Mexico.

Robert Scott, CA, CFA, B.Sc., Chief Financial Officer

Mr. Scott has over 17 years of professional experience in the areas of corporate finance, accounting, and merchant and commercial banking.

Freeman Smith, Corporate Development

Mr. Smith has 19 years of professional experience in the resource industry working with Oro Gold, BCGold Corp. and Goldplay Explorations.

Facundo Cazares, MS (Geology), Senior Geologist (Mexico)

Mr. Cazares has over 10 years experience working with Yamana Gold and Riverside Resources.

Fred Daley, Advisor

Mr. Daley recently retired as Teck’s Vice President, Exploration team. He has over 35 years of exploration experience

Locke Goldsmith, Advisor

Mr. Goldsmith is a Professional Engineer and a Geologist with more than 45 years of exploration worldwide.

Joness Lang, Advisor

Mr. Lang is an experienced business development and capital markets professional with 10 years of experience in the mineral resource sector.

Brian Groves, Director

Carol Ellis, Director

James Clare, Director

Walter Henry, Director


News Update

On February 19, 2019, Riverside Resources Inc. announced that its partner Sinaloa Resources Inc. entered into a definitive agreement signed on Jan. 30, 2019, that begins with an initial option to acquire a 70-per-cent interest in the La Silla project. Sinaloa Resources has issued Riverside one million common shares and now paid $60,000 total in cash. Riverside and Sinaloa Resources expect the commencement of a first-phase $300,000 exploration program in the coming months, as per the agreement.

Under the terms of the agreement, the initial option to earn 70 per cent is predicated upon the issuance by Sinaloa Resources of shares at a value of $1-million, $60,000 in cash payments and exploration work totalling $2-million over 36 months

To earn an additional 30 per cent, Sinaloa Resources must incur a further $1-million in exploration work and issue Riverside additional Sinaloa Resources shares at a value of $500,000. Riverside will retain a 3-per-cent net smelter return (NSR) on the project should Sinaloa Resources complete 100-per-cent earn-in, or Riverside's interest dilutes to less than 10 per cent.

On January 9, 2019, Riverside Resources Inc. has provided 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 (less than 45 million shares outstanding); increasing the potential for strong share price appreciation on new exploration successes.

On November 15, 2018, Riverside Resources Inc. announced that it has developed four additional targets at 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico.

On October 2, 2018, Riverside Resources Inc. has released results from rock chip channel samples from the Cerro Magallanes area at the 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico.

Channel samples with gold values of note include:

  • San Jose target -- 47 metres at 1.12 g/t from underground workings (Cambior Ex., 1996);
  • Agua Prieta -- North breccia -- 10 m at 3.34 g/t from surface channel;
  • Central target -- 14 m at 2.44 g/t from underground workings;
  • East target -- 11.5 m at 1.57 g/t from surface channel.

On September 25, 2018, Riverside Resources Inc. announced that it has been listed for trading on the OTCQB Venture Market in the United States under the symbol RVSDF.

On July 11, 2018, Riverside Resources Inc. and Sinaloa Resources Inc. jointly announced that they have signed a letter of intent whereby Sinaloa can earn up to 100% interest in Riverside’s La Silla Project located in Sinaloa, Mexico.

On June 19, 2018, Riverside Resources Inc. announced results from exploration work on its 100%-owned La Silla Gold Project located 75 km northeast of Mazatlan in Sinaloa, Mexico. Riverside geologists collected 52 chip, channel and grab samples over the past month during a focused exploration program with assay results ranging from <0.05 up to 19.9 g/t gold and from <0.05 up to 200 g/t silver. Five of the samples returned greater than 1 g/t gold. The new sampling program appears to have extended the strike length of known veins, while also identifying new vein structures at the La Silla Project.


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