At the Rule Symposium in Boca Raton, Florida, John-Mark Staude, President and CEO of Riverside Resources, Inc (TSXV: RRI | OTCQB: RVSDF | FSE: 5YY), provided updates on the company’s projects and shared his perspective on ESG reporting in the mining sector.
Riverside recently expanded its portfolio with the acquisition of the Maria Luisa Copper Property, adjacent to its Ariel Property in Mexico. This strategic move consolidates an additional 30% of the area and secures a direct drill target for the Ariel project. The newly acquired property presents an undrilled, high-quality target just 18 km east of Mexico’s second-largest copper mine, the La Caridad Copper Mining Complex, operated by Grupo Mexico Mining for four decades.
Staude expressed enthusiasm about the Cecilia Project in Sonora, which Riverside has optioned to Fortuna Mining. The project is progressing towards a drilling phase, targeting depths significantly beyond Riverside’s usual scope.
Highlighting Riverside’s agile approach to exploration, Staude said: “We want to make discovery as soon as possible, so if we kill this one, that’s okay. We have other targets, other properties. That’s the special thing about Riverside, most juniors can’t do that. They can’t take the risk.”
Addressing concerns about Mexico’s changing political landscape, Staude emphasized Riverside’s robust position: “For Riverside, we have titled projects, permitted projects…I wouldn’t say we’re completely shielded but we’re protected from whatever policies [will change].”
Riverside Resources Inc. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Riverside Resources Inc. The author has been compensated to cover Riverside Resources Inc. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire