Riverside Resources Outlines Corporate Growth Plans for 2014
January 14 2014 - 9:00AM
Marketwired
Riverside Resources Outlines Corporate Growth Plans for 2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) -
Riverside Resources Inc. ("Riverside" or the "Company")
(TSX-VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to
provide an overview of the Company's growth plans for the coming
year. Riverside will look to strategically build on the successes
achieved during 2013, which included securing two new fully funded
strategic alliances with major metal producers for mineral
exploration work in northwestern Mexico, four new partner funded
project acquisitions and positive drilling and exploration results
highlighted by the high-grade silver values reported at the Peñoles
Project in Durango, Mexico. The Company continues to diligently
manage its capital with more than $5,000,000 in cash, no debt and
less than 37,000,000 shares outstanding.
An outline of Riverside's anticipated Corporate Growth Plans for
2014 are summarized below:
- Follow-up drill campaign at historic Jesus Maria mine area,
Peñoles Project, Mexico
- Drilling at Swift Katie Copper Project (Antofagasta BC
Alliance), BC, Canada
- Further exploration and potential drilling at the Lennac and
Flute Projects, BC, Canada
- Deliver new copper-porphyry asset in BC, Canada
- Generate & acquire new gold targets in Sonora Megashear
(Hochschild Alliance), Mexico
- Acquire new copper-porphyry targets in NW Mexico (Antofagasta
Mexico Alliance)
- Exploration results from 100% owned projects in Sonora,
Mexico
- Secure new strategic partnerships and JV partners
- Evaluate opportunities to acquire distressed assets and grow
portfolio
John-Mark Staude, President and CEO, stated: "Riverside
continued to deliver new partnerships and build its business during
a challenging 2013 for the junior resource sector. We now have
three active strategic alliances with major metal producers and are
confident that our team will deliver new high-quality projects into
each alliance within the first half of 2014. We are in position to
deliver discovery exposure through several partner-funded drill
programs this year and look forward to strengthening Riverside's
core assets."
Click the following link to hear Riverside's President,
John-Mark Staude, discuss the Company's upcoming growth plans with
Mike Niehuser of Beacon Rock Research: http://goo.gl/kjrBaF
Riverside will again be active in northwestern Mexico, where the
Company expanded, refined and acquired new drill targets and
properties this past year. In 2014, Riverside will deliver
additional alliance and 100% owned prospects, while the Company
continues to progress existing drill targets with permitting and
drill preparations for programs contingent on upcoming exploration
results and partner budgets. The Alliance partnerships have funded
extensive work in 2013 and should continue to be a strong driver
into 2014 and 2015. The collaboration with major companies and
Riverside's prospect generator approach has allowed the Company to
further its ownership interest in significant mineralization
districts in western North America.
Please visit www.rivres.com to sign up to receive press releases
and corporate updates directly to your inbox and to view the
Company's latest corporate presentation, project pages and videos
in the media centre.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
Certain statements in this press release may be considered
forward-looking information. These statements can be identified by
the use of forward looking terminology (e.g., "expect","
estimates", "intends", "anticipates", "believes", "plans"). Such
information involves known and unknown risks -- including the
availability of funds, the results of financing and exploration
activities, the interpretation of exploration results and other
geological data, or unanticipated costs and expenses and other
risks identified by Riverside in its public securities filings that
may cause actual events to differ materially from current
expectations. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Riverside Resources Inc.John-Mark StaudePresident, CEO(778)
327-6671(778) 327-6675info@rivres.comwww.rivres.comRiverside
Resources Inc.Joness LangManager, Corporate Development(778)
327-6671(778) 327-6675info@rivres.comwww.rivres.com
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