Maurice Jackson: Welcome to Proven and Probable,
where we provide mining insights in bullion sales. Joining us for a
conversation is Dr. John-Mark Staude and special guest Freeman Smith of Riverside
Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden.
Gentlemen, welcome to the show.
Dr. Staude, before we delve into today's interview, please introduce us to
Riverside Resources and the opportunity you present to the market.
John-Mark S.: Riverside's a prospect generator. With this news,
we're showing how we're doing work in Canada. We generate projects and have
joint-venture partnerships—for example, the work we're doing with BHP
Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK)—which expose our shareholders to
multiple commodities, particularly gold, and the upside without having all
the dilution because we use the joint-venture prospect-generator model.
Maurice J.: Earlier this year you shared the vision for Riverside
Resources for 2019, and it was the five Cs. Please reintroduce the five Cs as
they are germane to today's discussion.
John-Mark S.: One of the key Cs was Canada. Another one was copper,
which we deliver with BHP. [Another] was the work on Cecilia, where we've had
results. But for us the key thing right now with Canada is the news about the
new discoveries and the growth we're doing there. That C is really the big C
we're so excited about now for Riverside, for the next six months and [for]
the news flow we'll have as well.
Maurice J.: Mr. Smith, you're the vice president of exploration for
Riverside, and you're spearheading the operations in Canada. Why is Riverside
focusing its efforts and resources in Ontario?
Freeman Smith: Well, Canada and Ontario have long been known for
gold production. Ontario is one of the most prolific greenstone and
gold-producing provinces or jurisdictions on the planet, so that's a very
good place to start looking for new, major gold discoveries. I think it's one
of the most productive greenstone belts in a world. A lot of people are
coming home to Canada. They're looking at past work and what's been left
behind and what's the potential for the future. I think as far as Canada and
Ontario goes, there's lots more to do there, lots more to look for, and lots
more potential for discovery.
Maurice J.: Gentlemen, Riverside Resources has some exciting news
regarding new outcropping in a high-grade gold asset in Ontario. This sounds
quite interesting. Mr. Smith, Introduce us to what is known now as the Oakes
Project.
Freeman Smith: The Oakes Project is in an area that's been looked
at, in the past, by Hardrock Mining, which eventually became Greenstone Gold
Mines, and it's also an area that I had worked in the past, so it was
something I went to naturally as a place to go looking.
Maurice J.: I'm curious. What caught your attention from an
historical data reference standpoint? Do we have geophysics, geochemistry and
drilling results?
Freeman Smith: Oh, this area actually has a lot of data. It's got
several generations of geophysics and two or three different building
campaigns, all of which produced gold. The people in the past were looking
for copper, so they kind of ignored the gold, and if something was left
behind for us to sort of pick up on and take off with.
Maurice J.: Now what kind of results are we seeing from the Oakes
Project?
Freeman Smith: Well, in the past trenches, areas that were worked
in the past by others, we went back and resampled. We got over an ounce per
ton in some areas. These are typical, saw-cut channel samples, but over less
than a meter. But they're showing PGEs (platinum group elements) and
excellent gold results, so we try to follow up on that.
Maurice J.: What activity is actively going on there now?
Freeman Smith: Riverside was in the field for several weeks, just
returning last week. We did sampling and mapping, looking at the older work.
Some of the results came back very good, so I'm sure we're going to be back
out there soon. You can see on the map there's a number of old prospects and
old drill holes that returned anomalous gold and some high-grade values, and
that's another thing we need to go back and check up on.
Maurice J.: Have discussions taken place with potential
joint-venture partners?
John-Mark S.: They have, actually, and it's really interesting. You
know, having projects in Canada fits with that key C, and what Freeman's been
able to do is get us out in the field and get out there—swat away all the
flies, get rid of the mosquitoes—and really get in there and find the gold,
and the partners are coming. We're looking forward to trying to work on deal
terms, and yeah, following our business plan, we definitely see an active
fall with this and other projects in the belt.
Maurice J.: Dr. Staude, let me ask you this, just from an outsider
perspective. What type of tangibles are these joint venture partners looking
for?
John-Mark S.: I think three things. First is they really like gold.
Gold is hot right now. I had calls this morning. You know, day in and day
out, gold's hot. Secondly, they want to see access. This project is so accessible,
you can easily get to it. Third is ownership. Riverside owns this 100% with
no underlying deal. Those things make it really ideal for joint-venture
partnerships.
Maurice J.: Switching gears, John-Mark, please share the capital
structure for Riverside Resources.
John-Mark S.: Riverside has a tight share structure with fewer than
63 million shares out and a good cash position of over $3 million cash plus
cash and shares from other parties of over $3 million as well. And on top of
that, another $1.5 million work program funded by BHP each year, so we're in
a very good, strong capital position, tight share structure.
Maurice J.: John-Mark, it's been a busy year for Riverside
Resources. What is the next unanswered question? When can we expect an answer
and what determines success?
John-Mark S.: I think the next things are more results from Canada,
particularly more projects growing out [and] joint-venture partners. We're
very excited by this first step, and we've been working very hard to deliver
that. 2019 for us: Canada's big and Mexico with BHP, so we have a number of
different things coming.
Maurice J.: Dr. Staude, for someone listening that wants to give
more information on Riverside Resources, please share the contact details.
John-Mark S.: Please visit the website www.rivres.com or give us a
phone call at (778) 327-6671.
Maurice J.: As a reminder, Riverside Resources trades on the
TSX.V:RRI, and on the OTCQB:RVSDF. Riverside Resources is a sponsor of Proven
and Probable, and we are proud shareholders for the virtues conveyed in
today's message.
Before you make your next bullion purchase, make sure you call me. I'm
your licensed representative from Miles Franklin Precious Metals Investments, where we
provide a number of options to expand your precious metals portfolio from
physical delivery, off-shore depositories, precious metal IRAs, and private
blockchain distributed ledger technology. Call me directly at (855) 505-1900,
or you may email [email protected].
Finally, we invite you to visit provenandprobable.com, where we provide mining insights
and bullion sales. Gentlemen, thank you for joining us today on Proven and
Probable.
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