VANCOUVER, BRITISH COLUMBIA, Dec 23, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 23, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an overview of the Company’s accomplishments achieved during 2016. This past year has been an up and down year for the junior resource sector with the underlying metals prices fluctuating significantly. Riverside has been successful in delivering a number of milestones without company share dilution, while still maintaining a strong corporate treasury.
Ground Magnetics
Mammoth Resources Acquires Four Year Drill Permit Extension to Drill its Tenoriba Project
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Toronto, Canada (November 29, 2016) – Mammoth Resources Corp. (TSX-V: MTH), (the Company) is pleased to announce that it has been granted a four year extension to its drill permit to drill from up to 16 drill pad locations with an unlimited number of metres and holes to be drilled from these locations. The company had previously had a two year drill permit which expired this month and had applied for the extension in September in anticipation of its objective of drill testing numerous highly anomalous targets next year within a 15 square kilometre area on its Tenoriba High Sulphidation gold-silver property in the prolific Sierra Madre area of southwestern Chihuahua State, Mexico.
Drilling Commences at Riverside’s Thor Copper Project in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA, Oct 27, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 27, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an exploration update for ongoing work at the Thor Project (the “Project”) in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance (the “Alliance”) with a wholly owned subsidiary of Antofagasta plc (“Antofagasta”). The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.
The Thor Project is being advanced as a Designated Project (“DP”), with Antofagasta, who currently hold a 51% interest, having the opportunity to earn a 65% interest by funding $5,000,000 in exploration over four (4) years (see Riverside’s press release April 13, 2015).
Palamina Reports Geophysical and Sampling Results for the Santuario Project
TORONTO, ONTARIO–(Marketwired – March 7, 2016) – Palamina Corp. (TSX VENTURE:PA) has completed the processing of ground magnetic data and a surface rock sampling program on its 100%-owned Santuario Project in Hidalgo State, Mexico. Santuario consists of two mining concessions covering approximately 3,200 hectares that were acquired through transfer from Soltoro as part of the June 9th 2015 acquisition of Soltoro by Agnico Eagle Mines Limited. The Project has good infrastructure and is located approximately 75 km northwest of Pachuca, the capital city of Hidalgo, and 130 km north of Mexico City.