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Overview of Riverside Resources Inc
Riverside Resources Inc (RVSDF) is a well-funded exploration company specializing in the discovery and development of high-potential mineral properties across North America. The Company leverages deep geoscience expertise and advanced exploration techniques—such as detailed structural mapping, geochemical analysis, and remote sensing—to identify prospective gold, silver, copper, and rare earth element targets.
Core Business and Operational Model
Riverside Resources operates under a disciplined exploration-driven model that emphasizes risk diversification through joint-venture, option agreements, and spin-out partnerships. The Company's primary strategy involves consolidating and advancing quality mineral projects while retaining a portfolio of royalties and carried interests. This model allows Riverside to maintain a strong financial profile and operational flexibility as it unlocks value in its diverse asset base.
Strategic Project Portfolio
The Company has developed a robust portfolio spanning multiple key regions. In Mexico, projects such as the Cecilia and Union properties showcase low-sulfidation epithermal systems with significant prospects for precious metal discoveries, driven by meticulous drilling campaigns and advanced geophysical surveys. In Canada, Riverside’s assets include properties in prolific mining belts with favorable geological settings for porphyry and gold-silver deposits. Its approach to project acquisition and consolidation—often through option agreements and strategic land transfers—demonstrates a commitment to building a sustainable and diversified mineral portfolio.
Technical Expertise and Exploration Methodologies
Riverside Resources distinguishes itself through its advanced technical capabilities. The Company routinely integrates state-of-the-art geological mapping, LiDAR, magnetic surveys, and geochemical techniques to define mineral targets with precision. Its experienced geoscience team continuously evaluates structural, lithological, and alteration patterns, ensuring that exploration efforts are both methodical and adaptive to complex terrains. These multidisciplinary approaches underpin the consistency and quality of the Company’s exploration results.
Market Position and Competitive Advantages
In the competitive landscape of mineral exploration, Riverside’s strategic emphasis on value generation and asset consolidation sets it apart. By focusing on projects with multiple exploration targets and significant scale, the Company minimizes risk and enhances its potential for discovery. Its track record of successful partnerships, robust financial management, and effective utilization of technical data underlines its credibility and trustworthiness within the mining exploration sector.
Operational and Financial Strengths
Riverside Resources maintains a strong balance sheet with minimal debt, ensuring that it is well positioned to fund extensive exploration programs. The Company’s prudent fiscal management and ability to secure strategic transactions—through option payments, reimbursements of annual maintenance fees, and structured spin-out processes—provide further stability. Such strengths enable Riverside to maximize shareholder value while efficiently managing its portfolio across disparate jurisdictions.
Engagement with the Broader Mining Community
The Company remains dedicated to fostering robust relationships with local communities, industry partners, and regulatory bodies. Its work in both Mexico and Canada reflects an adherence to best practices in exploration and operational safety. By actively engaging with stakeholders and ensuring transparent communications, Riverside Resources reinforces its position as a trusted and reliable entity in the mining and resource sectors.
Conclusion
Overall, Riverside Resources Inc exemplifies a modern exploration enterprise grounded in technical expertise, innovative exploration strategies, and a robust asset portfolio. The Company’s diverse approach—combining strategic project consolidation, advanced geoscience methodologies, and tactical financial management—positions it as a key player in the mineral exploration industry. Investors and industry analysts can view Riverside as a credible and methodical explorer with a deep understanding of the geological complexities that drive mineral discoveries.
Riverside Resources (TSXV: RRI) (OTCQB: RVSDF) has received final court approval from the Supreme Court of British Columbia on April 3, 2025, for its planned spin-out of Blue Jay Gold Corp. The arrangement, which involves separating Blue Jay's equity interest under the Business Corporations Act, awaits final TSX Venture Exchange approval.
The transaction is expected to complete in Q2 2025, with Blue Jay's common shares planned for listing on the TSXV post-arrangement. Detailed information about the arrangement can be found in Riverside's management information circular dated February 18, 2025, available on SEDAR+ and the company's website.
Riverside Resources (RVSDF) has received shareholder approval for spinning out its subsidiary Blue Jay Gold Corp, with completion expected in May-June 2025. The arrangement was approved by over 99% of shareholders at the March 31, 2025 meeting.
Under the plan, Riverside shareholders will receive 1/5 of a Blue Jay common share for each Riverside share held. This will result in shareholders owning stakes in two distinct public companies: Riverside, focusing on royalty generation and project generation for gold, copper, and rare earth elements in the Americas, and Blue Jay, which will concentrate on exploring gold projects in northwestern Ontario.
The spin-out transaction awaits final court approval and TSXV listing approval for Blue Jay shares. Post-separation, Blue Jay will operate with its own management team and capital structure, while Riverside continues advancing its diverse mineral portfolio through partnerships and royalties.
Riverside Resources (RVSDF) has announced the filing of its management information circular for a special meeting to approve a spinout transaction with Blue Jay Gold Corp. The meeting, scheduled for March 31, 2025, will seek shareholder approval for distributing Blue Jay shares through a plan of arrangement.
The transaction will separate Blue Jay's Ontario Properties (Pichette-Clist, Oakes, and Duc Gold Projects) from Riverside's other assets. Following the arrangement, shareholders will hold shares in both companies, with Blue Jay planning to list on the TSX Venture Exchange.
Blue Jay plans to complete two financing rounds: a $800,000 private placement at $0.40 per share and another offering combining $1,000,000 at $0.50 per share with flow-through shares at $0.70. The arrangement requires 66⅔% shareholder approval and is expected to close in Q2 2025.
Riverside Resources (RVSDF) has provided updates on its exploration programs across Canada and Mexico for H1 2025. In Canada, the company reported strong sampling results from the Deer Park Gold Project, while the Revel Project showed a 7-kilometer carbonatite-style REE system. The Taft Project confirmed rare earth and gold mineralization.
In Mexico, the company identified four priority drill targets at the Cuarentas Gold Project, while the Ariel Copper Project targets an undrilled porphyry copper system. The Union Gold-Copper Project hosts high-grade carbonate replacement deposits. The company maintains royalties including a 2% NSR on portions of the Tajitos project with Fresnillo PLC and Sugarloaf Peak gold project.
Riverside will present at PDAC 2025 in Toronto and continues to progress on the proposed spinout of Blue Jay Gold, expected in the first half of 2025.
Riverside Resources (TSXV: RRI) (OTCQB: RVSDF) has received conditional TSX Venture Exchange approval for spinning out its Ontario gold projects into Blue Jay Gold Corp. The arrangement will be voted on by shareholders on March 31, 2025. Shareholders will receive one Blue Jay Gold share for every five Riverside shares held.
The company draws parallels to its previous successful Capitan Silver spin-out, where distributed shares doubled in value post-spinout. Riverside will retain royalties on its Ontario gold projects (Pichette, Oakes, and Duc) while continuing work on gold, copper, and rare earth element projects in British Columbia and Sonora, Mexico through funded partnerships.
Additionally, Riverside has engaged ICP Securities Inc. for automated market making services at C$7,500 monthly for an initial four-month term, renewable monthly thereafter. The company has also filed a NI 43-101 Technical Report for the Pichette Project in Ontario.
Riverside Resources (RVSDF) has completed its Q4 2024 drilling program at the Cecilia Gold Project in Sonora, Mexico, in partnership with Fortuna Mining. The program consisted of five holes totaling 2,250 meters across four target areas. Notable results include an intercept of 3.41 g/t Au over 4 meters at the San Jose Vein System and multiple gold-bearing intervals at other targets.
The drilling confirmed the continuity of mineralization and expanded the scale of exploration with significant step-outs. The program tested the San Jose Vein System, East Target, Mesa Ranch Area, and South Mesa Fault Zone. Results suggest a mineralization system tilted southeast, with structures potentially extending over 800 meters vertically. Fortuna Mining continues to advance their earn-in option, with plans for additional exploration in 2025.
Riverside Resources (TSXV: RRI) (OTCQB: RVSDF) has announced a spin-out of its Ontario Gold Projects through a new company, Blue Jay Gold Corp. Through this arrangement, Riverside shareholders will receive one new Riverside share and 1/5th of a Blue Jay share for each existing Riverside share held. The spin-out includes the Pichette, Oakes, and Duc projects in Ontario.
The transaction requires 66 2/3% shareholder approval at a meeting scheduled for March 31, 2025, along with court and TSX-V approvals. Blue Jay must also complete a private placement to raise up to $4 million. Riverside will retain a 2% NSR royalty on all Blue Jay's properties. Blue Jay has already completed a seed financing round, raising $527,000 through a private placement at $0.20 per share, with Riverside holding 85.02% of Blue Jay shares.
Dr. Geordie Mark will serve as Blue Jay's CEO, with Robert Scott as CFO and Freeman Smith as VP Exploration. The arrangement is expected to close in the first half of 2025.
Riverside Resources (RVSDF) has presented its 2025 outlook and key milestones. The company maintains a strong financial position with C$4 million in cash, no debt, and fewer than 75 million shares outstanding. In early 2025, Riverside plans to spin out its Ontario gold assets into a new company, Blue Jay Gold, following their successful Capitan Mining spinout in 2021.
The company is advancing exploration in Canada and Mexico, with ongoing partner-funded drilling at the Cecilia Project with Fortuna Mining. In British Columbia, Riverside is prioritizing gold and rare earth elements exploration across properties including Deer Park, Revel, and Taft projects. The company also holds strategic royalties, including an NSR on the Tajitos Gold Project being developed by Fresnillo PLC.
In 2024, Riverside achieved significant progress across its portfolio, including high-grade gold discoveries at the Pichette Project (up to 21 g/t gold), completion of LiDAR surveys at the Duc Project, and a 2,250-meter drill program at Cecilia. The company also secured new property options and partnership agreements, including an LOI with Questcorp Mining for the Union Project.
Riverside Resources (TSXV: RRI) (OTCQB: RVSDF) has signed an option agreement to acquire 100% interest in the Taft Project, a 3,000-hectare property in British Columbia's Revelstoke Carbonatite Belt, targeting Rare Earth Elements (REE) and gold mineralization. The acquisition requires staged cash payments of CAD $125,000 over five years and exploration expenditures of $320,000.
The company plans immediate field programs starting with stream geochemistry studies, followed by soil and rock geochemical prospecting. The exploration will include geological mapping and reconnaissance traverses, focusing on REE potential in carbonatite intrusions and investigating gold anomalies. The transaction involves no royalties, maintaining Riverside's commitment to royalty-free projects.
Riverside Resources (RVSDF) announces the transfer of three Ontario gold properties - Pichette, Oakes, and Duc - to its wholly-owned subsidiary, Blue Jay Resources. The company plans to establish Blue Jay as a standalone exploration company through a potential spinout in 2025. Geordie Mark will lead Blue Jay as CEO, with plans for a targeted drill campaign in H1 2025. Riverside will retain a 2% NSR on each project. The properties are strategically located near Equinox Gold's Greenstone Gold project, Canada's 4th largest open pit gold mine. The spinout structure may include issuing Blue Jay shares to Riverside shareholders, though final terms are pending.
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