Miner with Tasks in Canada and Mexico Appears to be Ahead to 2021

January 21, 2021 (Investorideas.com Newswire) In dialogue with Maurice Jackson of Demonstrated and Possible, the CEO of Riverside Resources outlines the “sunglasses necessary” long run he sees for the organization in the coming year.

Maurice Jackson: Becoming a member of us for a conversation is Dr. John-Mark Staude of Riverside Methods Inc. (RRI:TSX.V RVSDF:OTCQB), where “know-how is golden.” Dr. Staude, on behalf of all the shareholders, happy new calendar year, and glad to be talking with you these days, sir.

Riverside has just consummated a banner year for shareholders in 2020. And today, the organization produced the corporate outlook for 2021. Prior to we appear ahead, John-Mark, let us consider a glimpse back on the strategic successes of 2020, as shareholders profited from a share price enhance from $.10 up to $.54, to consist of a spin-out, which was just the icing on the cake. Get us by means of 2020 and share some of the important highlights for us.

Dr. John-Mark Staude: For us, 2020 noticed us achieve numerous milestones less than incredibly tough situation. We have centered on being COVID-concentrated and cautious. We had been already been working in Mexico, and our house portfolio was previously in hand. So for us, the achievements with BHP Billiton Ltd. (BHP:NYSE BHPLF:OTCPK): Performing with them in the industry permitted us to shift ahead on copper. On the gold aspect, we were ready to do a offer with Hochschild Mining Plc (HOC:LSE), in which we then ended up equipped to drill. And we have been pretty thrilled about heading ahead with them.

The third detail, of study course, was the spin-out that we were being ready to do. And that’s been excellent, as you say, the icing on the cake. And now we get the advantages of a fourth deal that we got very last yr on the Cecilia task, in which we are going to now see drilling in 2021.

So 2020 was a fantastic 12 months and it sets us up very well for going forward. I’m fired up about the place we’re going.

Maurice Jackson: I am enthusiastic about all of the catalyst heading ahead below, in distinct, Cecilia. I have been there with you so I’m wanting ahead to viewing what the potential brings there.

Dr. Staude, all of the aforementioned was achieved during a international pandemic. Share with us some of the internal adjustments that Riverside created that contributed to the accomplishments final year.

Dr. John-Mark Staude: It was really difficult. 1st off, we had to focus on our staff. And it was challenging. We had to depart our workplaces and go and get the job done from residence. We also experienced to go and operate with protocols and function with the Mexican government and in Canada, as effectively to set forth all the required techniques. We, as a result, went through schooling and worked on it. And now we’ve got a very clean office environment set up, we have established up new policies to operate in a safe and sound atmosphere. And we have also manufactured coordination with health professionals, where we can get swift checks completed, and we can monitor our camp predicament.

Running a drill method with about 40 people in the camp was a really considerable party for us. And we had been capable to do that without the need of any COVID situations, staying thorough and checking it. Also, we have taken factors to the group, masks in protective places. We have set up new houses that we’re remaining in, as an alternative of resorts. We’ve hired cooks and are doing work in our location in its place of going to dining establishments. We modified our operate to have as minimal effect on the communities and to be as very careful as we can for all of our staff members and clientele. I’m very enthusiastic about managing this in 2021.

Maurice Jackson: Looking ahead, Riverside just unveiled the corporate outlook for 2021. And you have referenced in preceding interviews that the long run for Riverside is extremely shiny. Let’s discover out just how vivid. John-Mark, wander us by way of some of the objectives and timelines the company’s outlined for this calendar year

Dr. John-Mark Staude: For us, one particular of the issues is lover drilling. I have a rock sample here from the Cecilia job. And what we are fired up about at Cecilia is this breccia this breccia will be a person of the many things that we are likely to get to drill. We are likely to eventually get the drill results from Cecilia. In the coming weeks, which is taking place.

A second point I’m fired up about is our work in Mexico with BHP. Operating with BHP—the world’s biggest mining company, which has a mega target on copper, operates big copper mines—we see copper as a critical commodity. And running with them, [we will] be ready to fulfill the critical benchmarks of COVID and the critical expectations of a global important business and doing work and operating for and with them, even in these instances. I predict we’ll be able to increase our alliance heading ahead for additional a long time. And which is going to be excellent. So, that’ll be exciting to see that in the news movement.

A third matter I’m really a great deal psyched about is, once more, drilling and that is actually in Ontario, with our Longnose Job, the drilling of our Oakes Task. Below we see some of the vein devices that’ve been earlier been mined at the neighboring assets adjacent to us. And we see the prospective of continuing the mineralization on our ground and a drill program to work at our Ontario initiatives in drilling.

Vital to take note, Equinox Gold Corp. (EQX:TSX EQX:NYSE.A) a short while ago acquired out Leading Gold Mines Ltd. (PG:TSX) for more than $600 million, adjacent to Riverside’s tenure. So, our Oakes Task, our Longrose Task, our Pichette Challenge are 3 projects that we see as catalysts for the new yr.

A different point we see is far more expansion in our Mexican portfolio. We see additional discounts coming out in our La Silla Task and are functioning on issues there.

And a fourth matter we see is the do the job heading in our High Lake Greenstone Gold Belt Job. There, very last summer season, we did operate and worked up targets.

And so, I think, we are going to see news flow in 2021, likely with companions and likely forward with exploration there. So we have a abundant heritage, but we have a fantastic “sun shades essential” long term. The drilling at Cecilia, the heading ahead with BHP, the fantastic get the job done we have on extra assignments in Mexico, and of course, the complete portfolio in Canada. Surely a fantastic yr coming ahead.

Maurice Jackson: And all that with the steel costs moving strategically in your favor—gold and copper. And one of the points about copper, I think, that receives disregarded, that lots of people may perhaps not be mindful of and I am not sure we have highlighted it before—the worldwide need in the upcoming 25 many years for copper is likely to be far more than all of the whole eaten copper in recorded historical past in the future 25 a long time. And all those are one of the two crucial factors that you’re searching for right here. And again, thank you for highlighting that and creating us conscious of it. When can shareholders begin to see information stream in 2021 in Mexico and Canada respectively?

Dr. John-Mark Staude: So I feel in the following 3 weeks, we will have news movement coming out of Mexico. I predict we will see an enlargement of our alliance with BHP heading ahead, with another yr of do the job at least. That is going perfectly.

I assume also, we are going to see information stream from Mexico coming out in the subsequent couple weeks for our Cecilia Challenge. The persons are in the area appropriate now. Our teams are doing the job on getting it. We’re waiting on the signing of a drill contract there. That’ll be a great news movement. And we are thrilled about the potential there.

And in Canada, we’re working on the portfolio there. And I think we will see news flow in the to start with quarter coming out of our Canadian projects and some of the transactions we’re performing on.

We are super occupied and energized. It’s been so rough with COVID. Persons are performing from their properties, but it has made them accessible to speak to. And we, operating on the ground, staying boots on the ground, functioning in our regional communities, can be the implementers and getting action for the duration of this time to make discoveries. So with the commodity selling prices heading up, Riverside was positioned nicely. And now we are equipped to consider edge of it psyched about 2021.

Maurice Jackson: Suitable. Switching gears, let us glance at some figures. John-Mark, what is the funds structure for Riverside Resources?

Dr. John-Mark Staude: Riverside carries on to have a restricted funds composition. We haven’t place out shares very usually. We have much less than 69 million shares out. We also have a great hard cash placement, in excess of $3.5 million in money. Of system, no debt, in no way financial debt for Riverside. And the point we like is the money we are finding from the sale of shares, but also the earnings we’re receiving from our joint venture programs we’re possessing. We see the money composition proceed to be restricted and very good for the coming 12 months and two.

Maurice Jackson: In closing, sir, what would you like to say to shareholders?

Dr. John-Mark Staude: Thank you so considerably for hanging with us this 12 months in 2020. And we are so thrilled about the experience for 2021. We also glance forward to being readily available if any one does wish to reach out. Appear to our web page www.rivres.com. We are functioning pretty actively and we seem forward to sharing on social media as very well as in our news releases, the ways, and pleasure that we have for what is occurring going forward.

Maurice Jackson: Dr. Staude, it truly is been a satisfaction talking with you currently. Wishing you and Riverside Assets the complete finest, sir.

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