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Riverside Resources Recaps Mid-Year Milestones and Provides Outlook for Rest of 2023
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - Riverside Resources Inc. (TSXV...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Resources Recaps Mid-Year Milestones and Provides Outlook for Rest of 2023Vancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\"), is pleased to provide a summary of its ongoing strategic activities over the past six months and an outlook for the second half of the year. During this time, the Company has actively expanded in Canada, acquiring new projects and conducting target definition exploration work across its Canadian portfolio. These steps taken in the past six months have strengthened the Company's move beyond Mexico, which has been progressing for the past two years. Riverside anticipates numerous new Canadian catalysts in the next half-year. With a commitment to advancing its diverse portfolio of mineral assets and leveraging strategic partnerships. To that effect, Riverside has made significant progress in its exploration endeavors, diversifying its commodity mix and expanding into new jurisdictions. In the coming six months, the Company plans to expand its projects beyond precious and base metals, incorporating more critical metal assets and royalties. The key mid-year developments are outlined below:Ontario Canada additional projects and expansion at Pichette with high grade gold drill results.Geophysics exploration funded through Riverside is advancing projects to drill and partnering stage at Duc project with targets expanded in scale by more than 4X.Property consolidation at the high-grade Union Project in Sonora, Mexico and delivering up to 1 oz/ton Au assays in the now controlled mine area.Royalty on Tajitos gold asset, and funds have been received from Fresnillo, who is advancing the asset. Progress toward catalysts now lined up for second half of 2023 with partner deals, exploration results, quality project acquisitions, having strong cash position. Continued Expansion in Ontario's Geraldton and Porcupine Mining DistrictsRiverside Resources continued to expand and advance its Canadian portfolio during the first half of 2023 by acquiring additional claims at the Pichette Project west of the Hardrock Gold Mine complex of Equinox Gold near Geraldton, Ontario. The Company also acquired the Duc Project in the Porcupine Mining District of northwestern Ontario. The Duc Project, spanning over 600 hectar...