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TICKERS: MRO; MLRKF, RRI; RVSDF

Explorer in Mexico Believes New Mine Holds Promise for Blue Sky
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Maurice Jackson Maurice Jackson of Proven and Probable interviews the CEO of this project generator about the prospects for its latest acquisition.

Maurice Jackson: Joining us for conversation is Dr. John-Mark Staude, the president, director and CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Dr. Staude, before we delve into today's interview, please introduce us to Riverside Resources and the opportunity you present to the market.

John-Mark S.: Riverside is a prospect generator and we've been able to deliver joint venture programs. We've been able to develop very good value for shareholders, and the value proposition is exposure to multiple commodities for upside with limited downside. Riverside's well capitalized and moving forward as a strong prospect generator company.

Maurice Jackson: Back in January, Riverside Resources was involved in some strategic acquisitions, which further expanded the footprint of Riverside in Sonora, Mexico. You have an update for shareholders. Take us there and provide us with the update please.

John-Mark S.: We do have some exciting news to share. When the markets were tough during the early part of 2019, Riverside took advantage of our bases in Mexico to acquire the properties from Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX) in Mexico. One of those projects, the Los Cuarentos Project, was one of our key acquisitions that we are very excited about, and with the recent results we have from there, we see blue sky going forward.

Maurice Jackson: How close in proximity is Los Cuarentas to the SilverCrest Metals Inc. (SIL:TSX.V) mine?

John-Mark S.: The Los Cuarentas Project is very close to the SilverCrest mine. Riverside is immediately to the west of Silvercrest and immediately to the east of the Mercedes mine. That's where Premier Gold Mines Ltd. (PG:TSX) is operating. And it's actually just to the northwest of the operations of First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE) at Santa Elena Mine.

We are right in the middle of a major mineralized rich district. The Arizpe (District) was one of the three most important mining and smelting operating locations in the past century for the state of Sonora, and really, for Mexico. For Riverside to get the Los Cuarentos Project is a real coup—really great for us. We've worked for years to get it and we're so excited with the completion of this acquisition from Millrock.

And for Riverside, the ability to be sandwiched between three other operators—to the north is Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and their Santa Gertrudis mine—makes Riverside in an ideal place to do transactions and make discoveries in a place we know there's mineralization.

Maurice Jackson: Does Riverside have any historical geophysics, geochemistry and drilling from the Los Cuarentos Project?

John-Mark S.: We do, and one of the most interesting is from the production. There were actually operations going down over 200 meters and a long strike on some of these veins, and a master's thesis done at the University of Arizona, where I myself got my doctorate. That's one of the sets of data.

Then recently, in the last two years, there's been geophysics of IP (induced polarization) surveys that have defined the veins. There's been geochemistry, including Riverside's work and some of the other recent work, that's extended the veins and found other veins and structural geological mapping alteration. All that was put together on our website, and Riverside will go forward with troll targets. It is very exciting to be able to grab such a great asset and be able to build off of our knowledge.

Maurice Jackson: Speaking of targets, have any been identified and how many?

John-Mark S.: Three have been identified. The most important one is the Santa Rosalia vein. The Santa Rosalia mine, right in the heart of the Los Cuarentos district, is a key one where the old operations. Following that to the south is the Santa Rosalia Sur target, where we have good IP, good geophysical indications. Following that further to the south and east along this, over four kilometers of strike length, is El Sombrero. El Sombrero, like a hat, sombrero over the top, El Sombrero being the right type of geology at the top of a boiling zone. Thus we know we're on top of a good vein system. We don't know the grade but we know it's a very exciting target. So [there are] three targets at Los Cuarentos ready to move forward 100% for Riverside. [This is a] really great position for us.

Maurice Jackson: When does Riverside anticipate drilling to commence?

John-Mark S.: Riverside is actually working on the drill permits. We have most of the permits but because it's such a large area we're finalizing that and finalizing all the surface. Before PDAC, we look forward to having drill results.

Maurice Jackson: Are there discussions going on with potential JV [joint venture] partners?

John-Mark S.: There's interest. We just got back, actually, from a major mining conference, the Beaver Creek Gold Show, and there's interest there. So yes, we always are entertaining JV partners. Today I actually have meetings with potential partners. We do that every day, but this project in particular does have the attention of some prospective JV partners.

Maurice Jackson: Switching gears, John-Mark, please share the current capital structure of Riverside.

John-Mark S.: Riverside's a very tight company. We've been going 13 years. We have 63 million shares outstanding. We are in very good position.

Maurice Jackson: John-Mark, it's been a very productive year for Riverside. What is the next unanswered question for Riverside, and when can we expect an answer in what's going to determine success?

John-Mark S.: We are positioned very well with our diversified portfolio. With Riverside it's not one project—we have multiple projects. At Los Cuarentos, we will be defining the drill targets. But also we're doing work with BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK), and we're developing high-value work programs that should benefit our shareholders and, likewise, BHP shareholders. Another one is the program we're doing in Sinaloa, and also the work we're doing at Cecilia. So we have multiple different things going forward. But one thing right now—Los Cuarentos, we're very excited about it. Shareholders will see news flow in the coming months from Riverside.

Maurice Jackson: Dr. Staude, for someone listening that wants to get more information about Riverside Resources, please share the contact details.

John-Mark S.: Please come to our website at www.rivres.com, or please call us—our IR department and myself would love to speak to you. You may call us at (778)-327-6671.

Maurice Jackson: Riverside Resources trades on the TSX.V: RRI | OTCQB: RVSDF. Before you make your next bullion purchase, be sure to call me. I'm a licensed representative for Miles Franklin, precious metals investments. We provide a number of options to expand your precious metals portfolio from physical delivery, offshore depositories, precious metal IRAs and private blockchain distributed ledger technology. Call me directly at (855)-505-1900 or you may email [email protected].

Finally, please be sure to subscribe to provenandprobable.com, where we provide mining insights and bullion sales.

Riverside Resources is a sponsor of Proven and Probable and we are proud shareholders of Riverside Resources 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.

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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.

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Disclosure:
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. Proven and Probable disclosures are listed below.
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