Riverside Resources Outlines Corporate Outlook for 2020
Riverside Resources Outlines Corporate Outlook for 2020
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2020) -
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF)
(FSE: R99) ("Riverside" or the "Company")
provides a brief outlook with corresponding goals for 2020. Riverside enters the
year with a number of high-quality gold, silver and copper exploration assets in Mexico and a newly developed gold portfolio in
Ontario, Canada. The Company had a busy and productive 2019 with a new strategic partnership agreement and new project
acquisitions in both Canada and Mexico. The Company still maintains a tight share structure (less than 63M shares outstanding);
no debt and cash in the bank. The bulleted list below outlines some of the key catalysts and opportunities the Company is
currently forwarding into 2020:
Advancing its
strategic funding agreement with BHP
for generative copper exploration in northeastern Sonora,
Mexico; including acquiring properties and progressing toward drilling
Additional
exploration programs
expected at the recently acquired Los Cuarentas Gold Project in Sonora, Mexico
Plans in place to
spin-out the Peñoles Gold-Silver Project
into a new resource Company, benefitting current Riverside
shareholders through a Plan of Arrangement
The Company is targeting new
Canadian
joint-venture partnerships
in 2020
New project acquisitions
expected to continue expanding its portfolios in Canada and Mexico
Riverside
holds marketable securities worth over $1,500,000 CDN
and has retained NSR's on previously partnered
projects
Riverside's President and CEO, John-Mark Staude, stated:
"Riverside is pleased with the accomplishments achieved in
2019 and is looking forward to accelerated growth in 2020 as we are bullish on the prospect of a very strong year in the gold
space. The Company has been strategically positioning itself with high-quality projects and partnerships and is geared up for
a productive year ahead."
Listen to Riverside's CEO, John-Mark Staude and VP Exploration, Freeman Smith speak with the Korelin Economics Report on
the Company's 2019 milestones and the plans looking ahead in 2020.
Riverside Resources Inc.
(TSXV: RRI)
will be exhibiting at the AEMA Round Up Project Generators Hub on Monday &
Tuesday (Jan 20/21). Make sure to stop by for a detailed update on the Company's plans for the year ahead.
AME Roundup | Vancouver B.C, January 20 - 23, (Vancouver Convention Centre East)
https://roundup.amebc.ca
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has no debt and fewer
than 63M shares outstanding with a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive
experience and knowledge operating in Canada and 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 and spin-out partnerships 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
.
ON BEHALF OF RIVERSIDE RESOURCES INC.
"John-Mark Staude"
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President, CEO
Riverside Resources Inc.
Phone:
(778) 327-6671
Fax:
(778) 327-6675
Web:
www.rivres.com
Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web:
www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified
by the use of forward looking terminology (e.g., "expect"," estimates", "intends", "anticipates", "believes", "plans"). Such
information involves known and unknown risks -- including the availability of funds, the results of financing and exploration
activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other
risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current
expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of
the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Capitan Mining Plan of arrangement - spin out of shares to shareholders
Mexico
Los Cuarentas Project - see drilling at the project
Milestones Canada
Expand the portfolio in new Canadian jurisdictions
JV Partners on existing projects
Acquisition of new projects
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51277