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Riverside Resources Expands Ariel Copper Project with Acquisition of Adjacent Maria Luisa Copper Property, Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Riverside Resources Inc. (TSXV...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Resources Expands Ariel Copper Project with Acquisition of Adjacent Maria Luisa Copper Property, Sonora, MexicoVancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\"), is pleased to announce it has completed acquisition and title transfer of the Maria Luisa Copper Property immediately north of Riverside's Ariel Property thus consolidating another 30% and direct drill target for the full Ariel project. With this acquisition Riverside has now fully consolidated the highly prospective Laramide age porphyry Cu-(Au, Mo) district and now controls an area of 16 sq km. The Ariel project has had mineral exploration by Riverside including mapping, sampling, geochemistry, mineral chemistry, remote sensing, geophysical interpretations and is fully permitted for drilling. It represents a turnkey, undrilled, high quality drill target 18 kms immediately east and within sight of Mexico's 2nd largest copper mine, the La Caridad Copper Mining Complex, operated for the past 40 years by Grupo Mexico Mining.Please click the following link for a brief video summary of this news, the positive impact and opportunity for Riverside provided by John-Mark Staude, President and CEO: https://rivres.com/media-center/ceo-interviews-presentationsConcessions and TransactionThe Ariel project is now consolidated into five concessions that in total cover an area of 1,640 hectares (16 sq km).CONCESSIONOWNERTITLEHASVALIDITYARIELRRM Exploracion SAPI de CV2453251,241.9823/11/201622/11/2066MARIA LUISARRM Exploracion SAPI de CV237383100.0009/12/201008/12/2060MARIA LUISARRM Exploracion SAPI de CV23738499.4909/12/201008/12/2060MARIA LUISARRM Exploracion SAPI de CV23738599.6309/12/201008/12/2060MARIA LUISARRM Exploracion SAPI de CV23738699.6309/12/201008/12/2060 The transaction to acquire the Maria Luisa Copper Property was finalized this quarter.and has now been officially registered with the Mexican Direction of Mines and titles transferred to Riverside. The title registration was completed in May 2024 under Riverside SAPI, the company based in Mexico as now the full title holder of the Maria Luisa concessions. Riverside resolved outstanding tax issues for the previously private owner, completed required filings and then reimbursed the property owner mi...