Riverside Res Inc - RVSDF STOCK NEWS

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.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) has completed a LiDAR airborne geophysical survey at its Duc Project in Ontario, Canada. The survey is part of the company's summer field program and aims to enhance targeting and define surface projections of gold-bearing structures. Key highlights include:

1. Creation of a geo-referenced 3D map with ≥100 points/m2
2. Development of digital surface and elevation models
3. Generation of accurate ground surface contour and Hill Shade Bare Earth maps

The LiDAR survey, combined with orthophotography and heli-mag data, provides a framework for the next phase of exploration. It helps identify subtle geological features, old workings, and potential gold mineralization corridors. The Duc Project is located in the Wawa Greenstone Belt, known for hosting significant gold resources like the Hemlo Mining Camp.

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) has announced the commencement of a 2,500m core drilling program at the Cecilia Project in Sonora, Mexico, in partnership with Fortuna Mining. The program, with a budget of USD$800,000, will initially test 3 target areas through 8 drill holes. Key targets include:

1. Cerro Magallanes breccia and dome margin
2. East target with former small-scale mine workings
3. Myra vein targets in the Mesa area

The drilling aims to explore areas with previously reported high-grade gold and silver samples, including surface channel vein samples of up to 3 g/t Au and chip samples with gold values up to 4 g/t Au. The program follows recent airborne magnetic surveys and extensive geochemistry and mapping efforts.