Riverside Resources Inc.
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.
Cecilia Gold-Silver Project, Mexico
Peñoles Gold-Silver Project, Mexico
Tajitos Gold Project, Mexico
Glor Gold Project, Mexico
Clemente Silver-Gold Project, Mexico
La Silla Gold Project, Mexico
Upcoming 2018 Catalysts & Value Drivers
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 ExplorationMr. 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 OfficerMr. Scott has over 17 years of professional experience in the areas of corporate finance, accounting, and merchant and commercial banking.
Freeman Smith, Corporate DevelopmentMr. 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, AdvisorMr. Daley recently retired as Teck’s Vice President, Exploration team. He has over 35 years of exploration experience
Locke Goldsmith, AdvisorMr. Goldsmith is a Professional Engineer and a Geologist with more than 45 years of exploration worldwide.
Joness Lang, AdvisorMr. 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
On June 5, 2019, Riverside Resources Inc. announced that it has hired Alberto Orozco, who has taken a vice-president, corporate development, position with the Company.
On May 16, 2019, Riverside Resources Inc. has signed a two-year, $2-million (U.S.) exploration financing agreement with BHP Exploration Chile SpA for the financing 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 (AOI) using Riverside's technical knowledge base of copper systems and strong generative exploration team strategically based in Hermosillo, Sonora. BHP and Riverside will pool their data, including decades of historical work, into an integrated database. Riverside can now leverage geophysical, geochemical and geological technical platforms into a new targeting synthesis to complete tenure acquisitions.
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:
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.