Business
Riverside Resources Provides Corporate Outlook for 2021
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2021) -  Riverside Resources ...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Resources Provides Corporate Outlook for 2021Vancouver, British Columbia--(Newsfile Corp. - January 14, 2021) -  Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\") 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 Cuarentas, Riverside also signed and has initiated work on a farm-out option agreement with Carlyle Commodities Corp focusing on advancing the Cecilia Gold Project. Preparations are currently underway for an initial drill program to commence in the near future on a couple of the 10 high priority drill targets on the >60km² district land tenure.During 2020, BHP and Riverside continued to make progress despite the Covid-19 related challenges and will look to extend the Exploration Funding Agreement for another year as the program advances well and targets continue to progress. During the new year the BHP program will remain focused on discovering large copper deposits in Sonora and has developed a strong portfolio of prospective projects that progressed while still meeting necessary health and safety protocols. For 2021 the Company will look to have news flow on the copper front as new data has been flowing in and strong technical collaborations are progressing high quality targets.Canadian work by Riverside's technical team in 2021 will focus on advancing the four key properties in two distinct greenstone belts in western Ontario. The Oakes, Pichette and Longrose projects will be an immediate focus for partnering to expand upon the 2020 technical work. A recent $600M buyout transaction of Premier Gold Mines' Geraldton Gold Mine sites around where Riverside's tenure is located. Riverside staked and then worked on a 230 km2 land package during 2020, the High-Lake Greenstone Belt in Canada's top gold producing province of Ontario[1]. In 2021 this greenstone belt will be progressed by Riverside and potentially partnering on portions, or all of this large target-rich tenure.After much work, Riverside completed the P...