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Riverside Resources' Mexico Project Samples 9.1 g/t Gold
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Maurice Jackson Riverside Resources CEO Dr. John Mark Staude and Senior Geologist Erika Sweeney talk with Maurice Jackson of Proven and Probable about recent exploration results at the company's Los Cuarentas project in Sonora.

Maurice Jackson: Joining us for a conversation is the CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), Dr. John Mark Staude, along with senior geologist Erika Sweeney.

Riverside Resources has some very important developments coming from the Los Cuarentas Gold-Silver project, located in Sonora, Mexico, which has an earn-in option agreement with Hochschild Mining. Dr. Staude, before we go onsite, please share the details of the agreement and the potential presents for shareholders.

Dr. John Mark-Staude: For Riverside, we're so excited. We follow the prospect generator model and in this case work with Hochschild Mining. Where for an US$8 million investment into the project that Riverside's operating, Hochschild can earn a 51% interest, and then, by spending another $3 million in the ground, it could get to 75% interest. The best part for us is that we can sell our minority interest for up to $20 million, and keep a royalty. Whether we make a joint venture or go forward with them, or for us, that type of spending from our market cap provides an amazing upside. So we're so excited with Erika and the team and the potential we have at the Cuarentas project.

Maurice Jackson: Speaking of the market cap as a shareholder, I have to applaud you on the business and geological that we have before us on the Los Cuarentas. Riverside has several generative projects throughout Canada and Mexico, with a market cap under $18 million. And Los Cuarentas, just by itself, has the potential to almost double that with cash in the treasury, along with a royalty. Kudos to you, sir.

Dr. John Mark-Staude: Great to have a good team and it's so important in these COVID times to work as a team. Thank you.

Maurice Jackson: Mrs. Sweeney, you're on site at Los Cuarentas, which is surrounded by several gold producing mines in the region. To gain a better appreciation for today's press release, can you show us on the map, some of your neighbors and the successes they've had, and where they are in relation to Los Cuarentas?

Los Cuarentas Overview map

Erika Sweeney: The Los Cuarentas project is located within a 50-kilometer radius of a number different projects such as Premier's Gold Mine, the Mercedes Mine, that looks very similar to Los Cuarentas. When you look at the grade, up to 34 grams per ton, very good intercept. Then you go to the north about 30 kilometers there, you're going to have Santa Gertrudis that is owned by Agnico Eagle. And about 40 kilometers to the south, you're going to find Las Chispas, which was a pretty significant discovery in the past couple of years. So, this is very exciting. There's a lot of proven gold and silver discoveries in this area.

Maurice Jackson: Well, it sounds like the right place and the right time. Erika, Riverside just released some news regarding new channel sampling and soil sampling results taken along several of the planned drill targets at Los Cuarentas. What can you share with us?

Erika Sweeney: We did some trenches, we're doing some channel as well. And the channel got back with 32.9 grams per ton over almost a meter. This is very exciting because this is included within a wider zone of 3.4 meters of 9.1 g/t gold. So, those are very significant results. This is not the only one, there are multiple high-grade zones up to 21 g/t in the Santa Rosalia zone. So we're very, very excited about that.

Erika Sweeney: Then we also did a soil sampling campaign and this soil, same thing was very, very important because it happened to be between our two primary targets. Two drilling targets that are coming up. And what we found out is that we have almost 1 g/t gold in our soil sampling, which is extremely high. And it just happened that we had this perfect continuity between our Santa Rosalia and Santa Rosalia Sur, our drilling target. And we can now, thanks to the soil sampling, merge into at least a 1.7 kilometer target. Which is pretty amazing, and Riverside looks forward to the next drill program.

Maurice Jackson: Erika, I know you can't see me, but I'm smiling from ear to ear, just like you are. Alright, now that Riverside has demonstrated its proof of concept on Los Cuarentas, what are the next steps, and when will those next steps commence?

Erika Sweeney: This is very important. As of next week, we're going to be drilling. We're going to start with the main targets, Santa Rosalia, and we're going to drill areas where on surface we found 25 and 21 g/t gold. So this is very exciting, we're going to see the continuity at depth. So, that's what you can expect, and what investors can expect will be results from the drilling, trenches, and more channel and soil samples. Investors have a lot to look forward to in the coming months.

Maurice Jackson: John Mark, we've heard Erika demonstrate the impressive results at Los Cuarentas. I believe you have some samples to show us.

Maurice Jackson: John Mark, leaving Los Cuarentas, what are some of the catalysts that you see before us in Riverside Resources?

Dr. John Mark-Staude: Riverside shareholders are set up for a wonderful next quarter.

Maurice Jackson: It's truly been a banner year this year for Riverside Resources. You know, we're talking about Hochschild right here at Los Cuarentas, Capitan Mining, several catalysts working for you there with Cecilia, and throughout Canada now, and Ontario, truly exciting times for Riverside. And as a shareholder, I commend you for all the work you're doing. Let me ask you this, can you walk us through the capital structure right now for Riverside?

Dr. John Mark-Staude: Riverside has a very nice capital structure. We have fewer than 69 million shares out, we're tightly held with ourselves being large shareholders, and more than 50% of that being institutions largely from Europe. We're in a very good position. We also have a good cash position of over $3 million cash and of course no debt. So, Riverside's in a very good capital position moving into 2021.

Maurice Jackson: John Mark, any parting words for current and prospective shareholders?

Dr. John Mark-Staude: I am so excited about having a team with Erika. So many of our team out on the field in Mexico. This is one of the best times for Riverside looking forward. The gold markets here, we're able to operate and we have multiple partners working on multiple targets. So for me, I'm holding my shares, buying more shares, and very excited about the potential. It's super bright. We want to put on the sunglasses.

Riverside geologists at Los Cuarentas

Maurice Jackson: Well, I'm speaking as I'm the only shareholder in my household and that is incorrect. My ten-year-old son, Bryce, has been a proud shareholder. He loved the spend-out from Capitan Mining. And he convinced his brothers to become shareholders as well, his twin brother Brayden and my 11-year-old son, Carson. So again, on behalf of all of us, thank you so much. Dr. Staude, for readers who want to get more information on Riverside Resources, please share the contact details.

Dr. John Mark-Staude: Please come to our website. www.rivres.com we look forward to hearing from you and engaging in a conversation about the virtues of Riverside Resources.

Maurice Jackson: Dr. Staude, Mrs. Sweeney. Thank you both for visiting us today, and wishing you and Riverside Resources the absolute best.

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. 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 is a sponsor 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.
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