Source: Maurice Jackson for Streetwise Reports
January 21, 2020 (Investorideas.com Newswire) Drill results for this company's prospect, flanked by notable mines, is the subject of this interview with Proven and Probable's Maurice Jackson.
Maurice Jackson: Welcome to Proven and Probable. Joining us for a conversation is the president and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), John-Mark Staude. Riverside has some intriguing news now, starting 2020, regarding high-grade gold coming from the company's Los Cuarentas gold project in Sonora, Mexico.
John-Mark, before we discuss today's press release, for someone new to Riverside, please introduce the unique value proposition the company presents to the market.
John-Mark S.: Riverside is an integrated prospect generator company. We have major alliances with some of the biggest mining companies. We expose the shareholder to multiple opportunities and multiple commodities with a limited risk. We really like this model.
Maurice Jackson: Let's visit Sonora State, Mexico, where, as I understand, [you've] just returned from the field. John-Mark, talk to us about the Los Cuarentas gold project and the recent rock-chip sample program results. How did Riverside come up with such a project and acquire this location?
John-Mark S.: We're really excited. Riverside acquired the Los Cuarantes by optioning and then buying five projects from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB). The location of Los Cuarentas is immediately to the east of the major gold mine of Mercedes that's operated now by Premier Gold Mines Ltd. (PG:TSX). It's immediately to the west of the Las Chispas project, which is very exciting for SilverCrest Metals Inc. (SIL:TSX.V), which has been making big discoveries, moving ahead quickly toward development, [which] shows that there's mining right adjacent to us. Our location is fabulous for very fast potential transactions, and we can see immediately that the high-grade material from the Los Cuarentas could feed into either Las Chispas or into Premier Gold Mines' Mercedes mining complexes.
Maurice Jackson: Now, for early 2020, Riverside just released some impressive rock chip sampling results from the current field program that is looking to set up drill targeting. Dr. Staude, can you briefly summarize the Los Cuarentas gold project and some of the key highlights from the recent sample program?
John-Mark S.: The location, with Las Chispas immediately to the east and Mercedes immediately to the west, makes Los Cuarentas an ideal [prospect]. In fact, we're surrounded by various mines, really a good mining location. These results are excellent for us. Having 25 grams of gold, high-grade gold, from dump samples and having multiple samples of rock float, rock chip, all having high-grade mineralization, really makes it exciting for us at the project Los Cuarentas.
Maurice Jackson: Consistency is paramount to achieve success and accelerate exploration efforts. How do the first set of results conducted by Riverside correspond with historical results on the Los Cuarentas?
John-Mark S.: Looking at the map, it shows the historical work along with Riverside's work. We have similar values along the structures here going multiple kilometers long—high-grade mineralization—and particularly the Santa Rosalia target, and the Santa Rosalia Sur target, are very good for high-grade mineralization right at the surface.
Maurice Jackson: John-Mark, you referenced two target areas. Can we take a more in-depth look at both of them please?
John-Mark S.: The first target is the Santa Rosalia. We can follow this target along strike here well over a kilometer with very little mining, hydrate mining in here, but no drilling. So we're very excited about the drill potential at the Santa Rosalia.
If you go to the Santa Rosalia Sur immediately to the south, there's an old drill hole that didn't reach the actual target and the target zone has wide intercepts of 6-8.8 grams, [and] other gold mineralization right at the surface next to the vein structures. On the Santa Rosalia Sur, we have a long zone, again, a kilometer of mineralization. Our team's been working hard. Very excited to have just got back from the field and now have this news—results out for the Santa Rosalia Sur target—[for] two of the top targets we have at the property.
Maurice Jackson: Dr. Staude, before we leave the Los Cuarentes gold project, what can you share with us regarding the genetic model?
John-Mark S.: The genetic model really fits for a dome complex. Here we see the dome breccia epithermal low sulfidation vein systems, the veins following structures and sheers, and particularly the sheers around different fault zones,. . .typical of the upper levels of an epithermal gold system. We really like that type of model and the potential for this type of epithermal rhyolite complex.
Maurice Jackson: Switching gears, John-Mark, what is the next unanswered question for Riverside? When can we expect an answer, and what will determine success?
John-Mark S.: The next unanswered question at the Los Cuarentes project is how big, how deep, and how far this can go? We will now focus our efforts on mapping, and more sampling, and getting a drill permit. We're very excited about the value proposition before us. Riverside could drill Los Cuarentas ourselves. We do have interest from other parties. We really like the results here, it's a super good project.
What would determine success is more high-grade gram thicknesses. We have to the east of us Las Chispas, and to the west we have the Mercedes mine. Riverside believes we have the potential for a mine at the Los Cuarentas. That would really help us determine success.
Maurice Jackson: Before we close, John-Mark, please provide us with an update on the capital structure.
John-Mark S.: Riverside continues to have a tight share structure, with 63 million shares out, no debt, and over $3 million cash. We're in a great financial situation and [have] a very focused share structure.
Maurice Jackson: Dr. Staude, for someone listening that wants to get more information on Riverside Resources, please share the contact details.
John-Mark S.: Please visit our website at www.rivres.com or phone us at (778) 327-6671.
Maurice Jackson: Before you make your next precious metals purchase, make sure you visit us at www.provenandprobable.com or call (855) 505.1900. We are licensed representatives for Miles Franklin Precious Metals Investments. Riverside Resources is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed in today's message.
Dr. John-Mark Staude of Riverside Resources, thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Riverside Resources and Millrock Resources. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Riverside Resources and Millrock Resources are sponsors of Proven and Probable. Proven and Probable disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Riverside Resources and Millrock Resources, companies mentioned in this article.
Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.
The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.
Images provided by the author.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com