Dear Investor,
2009 was an active year for Riverside Resources Inc. One year ago the management team set demanding goals for the Company despite the economic downturn and uncertainty in the market. With that in mind, Riverside will continue to grow in 2010 by making the coming year even more eventful than the last. As you can see from the RRI three year stock chart, our stock price took a spectacular tumble in late 2008 that finally found a bottom at the beginning of 2009 and then slowly built to the current valuation with the announcement and completion of objectives. By successfully continuing to operate the prospect generator business while advancing the highest potential projects through focused low cost drilling and surface exploration, the Company successfully delivered new projects, partnerships, and drill results as promised.
Some of the most significant events of the last year include the signing and progress of the Kinross Exploration Alliance, the advancement of the Sugarloaf Peak Gold Project and the acquisition of the Tajitos Gold Project. The addition of Kinross as an exploration partner demonstrates the value of Riverside?s Mexico exploration team and database. The completion of the alliance during a time of market illiquidity and market fear is a commendation to the Riverside team. In addition to finding new partners, the Company was able to add value in its portfolio by advancing the Sugarloaf Peak Gold Project.
Throughout 2009, the Sugarloaf Peak Gold Project was progressed with the goal of completing a focused drill program and announcing the results by year end which was achieved. Riverside was successful at assimilating historic information from the project, completing an independent 43-101 report on the data, and identifying drill targets with the use of both historic data and modern exploration techniques. In September, the drilling began on the Project and assays were released in December once they were obtained from the laboratory. The result was a confirmation of consistent gold mineralization in all five holes to a depth greater than that previously recorded in historic data. In order to continue to build the Company?s portfolio with high potential projects, Riverside acquired the Tajitos Gold Project. The Tajitos Gold Project is yet another potentially large gold project with historic data from both exploration and mining that was acquired for minimal cash payments.
In 2010, we will progress the current assets, continue to grow the portfolio, and expand the business through joint ventures. The recent drill campaign on the Sugarloaf Peak Gold project has allowed Riverside?s technical team to better understand the geology and identify new target zones. In order to progress the Tajitos Gold Project toward drill targeting the Mexico exploration team will be working in the field and should have surface exploration results available in the spring. The recent drill program by Penmont on the Tajitos Gold Project has identified gold mineralization in the wall-rocks and opened up the project?s large scale potential. Although Riverside?s focus is the advancement of these two projects, the Company continues to operate the Kinross Exploration Alliance, identify potential acquisitions that are value accretive, sign new exploration alliances, and joint venture more properties. Riverside will continue to operate some of the joint projects including Chapalota and Ventosa which will provide additional news flow in the coming months.
The Riverside staff has been working hard to interact with the public through a series of YouTube Videos and Live Video Presentations with live question-answer sessions as ways to stand out and be transparent. Please visit our website www.rivres.com to view our new corporate brochure, presentation and geologic tutorials. If you would like to meet with me in person and hear more about Riverside?s plans for 2010, I will be attending the following events:
1) Cambridge House Resource Conference, Vancouver:
January 17 & 18, 2010
Hyatt: 655 Burrard Street & Fairmont: 900 West Georgia Street
Booth F404 (Hawthorne Gold Corp.)
2) Cambridge House Resource Conference, Phoenix:
February 5, 2010
Renaissance Glendale Hotel and Spa
3) PDAC, Toronto:
March 7-10, 2010
Metro Toronto Convention Centre, South Building
Session A, Booth 2413
Riverside will be displaying some drill core and we welcome visitors to our office to stop by for a chat and to see some of the mineralization that your company has been discovering. Best wishes for 2010 and may all your goals be achieved.
Sincerely Yours,
John-Mark Staude
President & CEO of Riverside Resources
?Knowledge is Golden?
Certain statements in this investor update may be considered forward-looking information, which 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 Investor Update.
For additional information contact:
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Riverside Resources Inc.
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EXPLORATEUR |
CODE : RRI.V |
ISIN : CA76926M1023 |
CUSIP : 76926M 10 2 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Riverside resources est une société d’exploration minière d'or et d'argent basée au Canada. Riverside resources détient divers projets d'exploration au Mexique. Ses principaux projets en exploration sont MARAVILLAS, TAJITOS, CHAPALOTA, SUGARLOAF PEAK, CERRO AZUL, PENOLES, LIBERTAD, VENTOSA et CATRINA au Mexique. Riverside resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,6 millions CA$ (4,8 millions US$, 4,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 juin 2008 à 1,38 CA$, et son plus bas niveau récent le 02 décembre 2022 à 0,10 CA$. Riverside resources possède 43 830 000 actions en circulation. |