Riverside Resources Provides Corporate Outlook for 2017

http://www.marketwired.com/press-release/riverside-resources-provides-corporate-outlook-for-2017-tsx-venture-rri-2186237.htm

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 4, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to provide an overview of the Company’s goals and growth plans for the coming year. Riverside enters 2017 with approximately $3,500,000 CAD in cash and less than 37,500,000 shares outstanding. The Company will aim to build on the successes achieved during 2016 (see 2016 Year in Review press release, December 23, 2016). The list below outlines some of the key catalysts and corporate growth plans for 2017:

• Drill results expected in January from the Thor Copper Project (Partner: Antofagasta)

• Exploration results expected in January and February from the on-going ~$400,000 exploration program at the Glor Gold Project (Partner: Centerra Gold)

• Drilling program anticipated to commence during 2017 at Glor

• $350,000 in exploration expenditures expected to be completed at the Clemente Project by partner, Silver Viper Minerals Corp., as per the Option Agreement signed December 6, 2016 (Riverside owns 1,000,000 Silver Viper common shares)

• New partnerships will be explored to advance the Company’s 100% owned projects (Penoles, Tajitos, Ariel, La Silla). The Company expects multiple new JV deals in 2017.

• Riverside will continue quality acquisition efforts using its mineral occurrence database to secure key ground in Mexico. New property acquisitions expected in Q1-Q2 of 2017

• Private partner, Croesus Gold Corp., anticipated to go-public in 2017 (Riverside owns 3,000,000 Croesus common shares and holds a 2% NSR on the Sugarloaf Peak Project)

Leave a Reply