Riverside’s portfolio of optioned projects allows the Company to generate multiple opportunities for its shareholders to be a part of a major discovery.
These partnership agreements represent a form of non-dilutive financing (cash and share payments from partners), helping the Company build a strong cash position while keeping a tight share structure. Riverside will continue creating valuable catalysts for growth by maintaining an interest in the projects and companies within its partnership network.
The 128 km² Thor Project (the “Project”) was acquired as part of Riverside’s strategic alliance with Antofagasta Minerals PLC for generative exploration throughout the southern extension of the Laramide Copper Belt in Northwest, Mexico. Thor was nominated as a Designated Project (“DP”) (see press release April 13, 2015), and as per the agreement, Riverside’s alliance partner will have the opportunity to earn a 65% interest in the project by spending $5,000,000 in exploration over the next four years.
The Clemente Project is a 141 km², 100% Riverside-owned silver-gold project in NW Sonora, Mexico, adjacent to 5 active gold and silver mines. Riverside's rock chip sampling returned multiple high-grade silver results exceeding 2 kg/t.
The Sugarloaf Peak Gold Project covers over 24 km² and has been the object of intermittent drilling and small scale mining during the 1950's this is a test