Riverside continuously works to generate new quality projects. The Company leverages its 75,000 location mineral database, exploration experience and technical strength to identify high potential prospects.
The Company’s 100% owned projects are advanced towards a drill-ready stage, at which point Riverside will either complete a targeted drill program itself, or de-risk the project by bringing a partner on board to inject the higher risk capital needed for drilling out a major discovery. Riverside will continue using its hybrid prospect generator approach to unlock value for its shareholders.
Riverside has acquired the option to earn 100% of two large mining concessions, creating the consolidated Cecilia gold project. The project’s concessions were previously owned by Gunpoint and Millrock Resources. The project is a low-sulphidation epithermal gold-silver project and has seen significant exploration including drilling by past owners.
The Penoles Property is a 350 square km concession located in the Penoles Mining District, Durango, Mexico. Recent drilling highlights include 33 m of 1.7 g/t gold.
The 61 km² Tajitos Gold Project is located in the heart of the Sonora-Mojave Megashear Gold Belt. The Project was acquired by Riverside from a private owner and is owned 100% with no underlying royalties. Since acquiring the property, Riverside has completed multiple surface and underground sampling and mapping programs and has staked additional ground (Tejo & Cortez claims) to expand the land package. Initial exploration with Centerra is expected to include further geophysics and trenching followed by a 2nd phase with drilling.
Riverside has acquired 100% ownership of two large mining concessions through a lottery process. These mining concessions were formerly owned by Meridian Gold (subsidiary of Yamana Gold). The combined concessions obtained cover approximately 2,305 hectares (23 km² ) and comprises an integral part of the historic La Silla District. The La Silla acquisition was low-cost and adds a high-potential gold-silver property to the Riverside portfolio in a well-known major mineral district in Mexico.