Riverside’s portfolio of optioned projects allows the Company to generate multiple opportunities for its shareholders to be a part of a major discovery.
These partnership agreements represent a form of non-dilutive financing (cash and share payments from partners), helping the Company build a strong cash position while keeping a tight share structure. Riverside will continue creating valuable catalysts for growth by maintaining an interest in the projects and companies within its partnership network.
Riverside has acquired 100% ownership of two large mining concessions through a lottery process. These mining concessions were formerly owned by Meridian Gold (subsidiary of Yamana Gold). The combined concessions obtained cover approximately 2,305 hectares (23 km² ) and comprises an integral part of the historic La Silla District. The La Silla acquisition was low-cost and adds a high-potential gold-silver property to the Riverside portfolio in a well-known major mineral district in Mexico.
The Clemente Project is a 141 km², 100% Riverside-owned silver-gold project in NW Sonora, Mexico, adjacent to 5 active gold and silver mines. Riverside's rock chip sampling returned multiple high-grade silver results exceeding 2 kg/t.