Welcome to our dedicated page for Riverside Res news (Ticker: RVSDF), a resource for investors and traders seeking the latest updates and insights on Riverside Res stock.
Riverside Resources Inc. reports mineral exploration developments across a portfolio of gold-silver, base metal and copper projects in North America. News for RVSDF commonly covers field sampling, drill results, geological mapping, geochemistry and geophysics at the La Union and Union project areas in Sonora, Mexico, including carbonate replacement and sediment-hosted gold targets advanced with partner-funded work.
Company updates also address the 100%-owned Ariel Copper Project in Sonora, porphyry copper-gold target generation, mineral concession consolidation, property option agreements and portfolio activity in British Columbia, including the Red Jacket Project. Recurring corporate news includes exploration planning, royalty and project-generator strategy, financing activity and balance-sheet commentary.
Riverside Resources (OTCQB: RVSDF) reports progress on its drilling program at the Union Project in Sonora, Mexico, with three out of five main targets now partially drilled. The first hole at the Union Mine target was completed, intersecting the Clemente and Caborca formations, with samples sent to Bureau Veritas for analysis.
The drilling program has moved through the El Cobre Mine and North Union Mine areas, where drilling encountered extensive hematitic oxides and more quartzite than expected. The program is now advancing to the Famosa target, where historic grades exceeded ½ oz/ton Au. The company reports the program is progressing on schedule and within budget.
Riverside Resources (OTCQB: RVSDF) has commenced drilling at the Union Project in Sonora, Mexico, in partnership with Questcorp Mining. The initial program includes 1,500m of diamond core drilling across six holes, targeting carbonate-hosted replacement deposit (CRD) style mineralization.
The drilling program will explore four key areas: Union Main Mine, North Union Mine, Cobre Mine, and Central Union Area, focusing on expanding known mineralization zones and testing new targets. This marks the first-ever drilling in most target areas, despite historical mining activities.
The project is part of an option agreement where Questcorp is funding an initial C$1,000,000 exploration program, with potential for a larger C$5,500,000 work commitment. Riverside holds a 9.9% stake in Questcorp as part of the agreement.
Riverside Resources (OTCQB: RVSDF) and Questcorp Mining are preparing for their first-ever drill program at the Union Gold-Silver Project in Sonora, Mexico. The program will include over 1,500 metres of diamond drilling with approximately 7 holes ranging from 150-350m each, targeting three historic mine areas: Union, North Union, and Famosa zones.
The project's historical zones previously produced an estimated 50,000 ounces gold equivalent. Recent exploration work includes Induced Polarization (IP) geophysics surveys and an airborne drone magnetic survey to refine drill targets. Additionally, Riverside announced that Fortuna Mining has terminated its option agreement on the Cecilia Project, with Riverside regaining full control.
The company will be participating in the Rule Symposium 2025 from July 7-11 in Boca Raton, Florida.The CUSIP numbers for the new shares are: Riverside (76927E109) and Blue Jay (095925103).
Riverside Resources (RVSDF) has provided an update on its option agreement with Questcorp Mining for the Union Project in Sonora, Mexico. As part of the agreement, Questcorp has issued 6,285,722 common shares (representing 9.9% ownership) to Riverside and made a cash payment of CAD $25,000.
Riverside, serving as the project operator, is advancing pre-drilling work including team organization, access planning, and water sourcing. The company's technical team is finalizing contractor selection for initial fieldwork and geophysical surveys to refine high-priority drill targets. The Union Project, located in the Sonora carbonate-replacement belt, shows potential for gold-silver-lead-zinc and copper discoveries through its historical mine workings, surface mineralization, and structural controls.
Riverside Resources (RVSDF) has announced the completion date for spinning out its subsidiary Blue Jay Gold Corp on May 22, 2025. Shareholders will receive one new Riverside share and one Blue Jay share for every five Riverside shares held as of 12:01 AM on the effective date. To be eligible, investors must purchase Riverside shares by May 21, 2025. Blue Jay plans to list on the TSXV in the second half of 2025.
The spinout involves distributing 14,956,693 Blue Jay shares to Riverside shareholders. Riverside will maintain exposure to Blue Jay's success through a 2% NSR royalty on each of Blue Jay's three properties. The arrangement, approved by shareholders on March 31, 2025, follows Riverside's successful project generator business model and previous similar transaction with Capitan Silver.
Riverside Resources' (RVSDF) subsidiary Blue Jay Gold Corp. has successfully completed a non-brokered private placement, raising $922,000 through the issuance of 2,305,000 common shares at $0.40 per share. Following this financing, Riverside maintains a 74.80% ownership in Blue Jay Gold. The placement included participation from company directors and officers, who subscribed for 268,750 shares. This financing follows Blue Jay's previously announced plan of arrangement, which received shareholder approval on March 31, 2025, and court approval on April 3, 2025. The remaining Blue Jay shares held by Riverside will be distributed to Riverside's shareholders as part of the arrangement.
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.