Miner Sees Potential in Historical Canadian Site

August 7, 2019

By The Gold Report

Source: Maurice Jackson for Streetwise Reports   08/05/2019

In an interview with Maurice Jackson of Proven and Probable, executives from this prospect generator exploring in Ontario outline their work on a new project.

Maurice Jackson: Welcome to Proven and Probable, where we provide mining insights in bullion sales. Joining us for a conversation is Dr. John-Mark Staude and special guest Freeman Smith of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Gentlemen, welcome to the show.

Dr. Staude, before we delve into today’s interview, please introduce us to Riverside Resources and the opportunity you present to the market.


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John-Mark S.: Riverside’s a prospect generator. With this news, we’re showing how we’re doing work in Canada. We generate projects and have joint-venture partnerships—for example, the work we’re doing with BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK)—which expose our shareholders to multiple commodities, particularly gold, and the upside without having all the dilution because we use the joint-venture prospect-generator model.

Maurice J.: Earlier this year you shared the vision for Riverside Resources for 2019, and it was the five Cs. Please reintroduce the five Cs as they are germane to today’s discussion.

John-Mark S.: One of the key Cs was Canada. Another one was copper, which we deliver with BHP. [Another] was the work on Cecilia, where we’ve had results. But for us the key thing right now with Canada is the news about the new discoveries and the growth we’re doing there. That C is really the big C we’re so excited about now for Riverside, for the next six months and [for] the news flow we’ll have as well.

Maurice J.: Mr. Smith, you’re the vice president of exploration for Riverside, and you’re spearheading the operations in Canada. Why is Riverside focusing its efforts and resources in Ontario?

Freeman Smith: Well, Canada and Ontario have long been known for gold production. Ontario is one of the most prolific greenstone and gold-producing provinces or jurisdictions on the planet, so that’s a very good place to start looking for new, major gold discoveries. I think it’s one of the most productive greenstone belts in a world. A lot of people are coming home to Canada. They’re looking at past work and what’s been left behind and what’s the potential for the future. I think as far as Canada and Ontario goes, there’s lots more to do there, lots more to look for, and lots more potential for discovery.

Maurice J.: Gentlemen, Riverside Resources has some exciting news regarding new outcropping in a high-grade gold asset in Ontario. This sounds quite interesting. Mr. Smith, Introduce us to what is known now as the Oakes Project.

Freeman Smith: The Oakes Project is in an area that’s been looked at, in the past, by Hardrock Mining, which eventually became Greenstone Gold Mines, and it’s also an area that I had worked in the past, so it was something I went to naturally as a place to go looking.

Maurice J.: I’m curious. What caught your attention from an historical data reference standpoint? Do we have geophysics, geochemistry and drilling results?

Freeman Smith: Oh, this area actually has a lot of data. It’s got several generations of geophysics and two or three different building campaigns, all of which produced gold. The people in the past were looking for copper, so they kind of ignored the gold, and if something was left behind for us to sort of pick up on and take off with.

Maurice J.: Now what kind of results are we seeing from the Oakes Project?

Freeman Smith: Well, in the past trenches, areas that were worked in the past by others, we went back and resampled. We got over an ounce per ton in some areas. These are typical, saw-cut channel samples, but over less than a meter. But they’re showing PGEs (platinum group elements) and excellent gold results, so we try to follow up on that.

Maurice J.: What activity is actively going on there now?

Freeman Smith: Riverside was in the field for several weeks, just returning last week. We did sampling and mapping, looking at the older work. Some of the results came back very good, so I’m sure we’re going to be back out there soon. You can see on the map there’s a number of old prospects and old drill holes that returned anomalous gold and some high-grade values, and that’s another thing we need to go back and check up on.

Maurice J.: Have discussions taken place with potential joint-venture partners?

John-Mark S.: They have, actually, and it’s really interesting. You know, having projects in Canada fits with that key C, and what Freeman’s been able to do is get us out in the field and get out there—swat away all the flies, get rid of the mosquitoes—and really get in there and find the gold, and the partners are coming. We’re looking forward to trying to work on deal terms, and yeah, following our business plan, we definitely see an active fall with this and other projects in the belt.

Maurice J.: Dr. Staude, let me ask you this, just from an outsider perspective. What type of tangibles are these joint venture partners looking for?

John-Mark S.: I think three things. First is they really like gold. Gold is hot right now. I had calls this morning. You know, day in and day out, gold’s hot. Secondly, they want to see access. This project is so accessible, you can easily get to it. Third is ownership. Riverside owns this 100% with no underlying deal. Those things make it really ideal for joint-venture partnerships.

Maurice J.: Switching gears, John-Mark, please share the capital structure for Riverside Resources.

John-Mark S.: Riverside has a tight share structure with fewer than 63 million shares out and a good cash position of over $3 million cash plus cash and shares from other parties of over $3 million as well. And on top of that, another $1.5 million work program funded by BHP each year, so we’re in a very good, strong capital position, tight share structure.

Maurice J.: John-Mark, it’s been a busy year for Riverside Resources. What is the next unanswered question? When can we expect an answer and what determines success?

John-Mark S.: I think the next things are more results from Canada, particularly more projects growing out [and] joint-venture partners. We’re very excited by this first step, and we’ve been working very hard to deliver that. 2019 for us: Canada’s big and Mexico with BHP, so we have a number of different things coming.

Maurice J.: Dr. Staude, for someone listening that wants to give more information on Riverside Resources, please share the contact details.

John-Mark S.: Please visit the website www.rivres.com or give us a phone call at (778) 327-6671.

Maurice J.: As a reminder, Riverside Resources trades on the TSX.V:RRI, and on the OTCQB:RVSDF. Riverside Resources is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed in today’s message.

Before you make your next bullion purchase, make sure you call me. I’m your licensed representative from Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio from physical delivery, off-shore depositories, precious metal IRAs, and private blockchain distributed ledger technology. Call me directly at (855) 505-1900, or you may email [email protected].

Finally, we invite you to visit provenandprobable.com, where we provide mining insights and bullion sales. Gentlemen, 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.

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( Companies Mentioned: RRI:TSX.V; RVSDF:OTCQB,
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