Proven & Probable

In this exclusive, we sit down with Dr. John-Mark Staude the CEO of Riverside Resources as the company has just successfully consummated a Definitive Option Agreement the Los Cuarentas Gold Silver Project to Hochschild Mining PLC. This is quite an accretive transaction demonstrating both the geological and business acumen of Riverside Resources. The terms are quite impressive with a 2 phase earn-in option agreement worth $11 Million with an added buyout of an additional $20 Million with a 1% NSR. Los Cuarentas is a former near-surface underground gold mine that has features similar to nearby low sulfidation epithermal Au-Ag operations of Premier Gold Mines, Silvercrest Metals, and First Majestic Mining. These characteristics of the gold-silver deposits found at Los Cuarentas include strong argillic and phyllic alteration surrounding low sulfidation epithermal vein systems that host the gold and silver mineralization. The Project is located in northeastern Sonora, Mexico, and 17 km northwest of SilverCre