Core Insights - Riverside Resources Inc. has expanded its property portfolio by acquiring the Redtop property, effectively doubling the size of the Jacket Property, now referred to as the "Red Jacket Project" [1][4] - The Redtop property is strategically located near Taseko Mines' Yellowhead Copper Project, which is in the feasibility stage and hosts significant mineral reserves [2][4] - Historical exploration work has confirmed the presence of polymetallic mineral occurrences, with Riverside's recent sampling indicating high-grade mineralization that supports further exploration [3][4] Company Developments - Riverside has engaged Horizon Capital Markets Corp. for investor relations services, with a monthly fee of $3,500 for a minimum of six months starting January 15, 2026 [22] - The company maintains a strong financial position with over $6 million in cash and no debt, positioning itself well for future exploration and development [23] Project Details - The Redtop property features at least three main mineral occurrences and is situated within a well-mineralized belt of volcanogenic massive sulphide (VMS) deposits [2][3] - Historical work by previous companies, including Placer Dome, has outlined a 4 km long mineralized trend that Riverside aims to explore further [7] - The option agreement for the Redtop claims includes a total cash payment of $180,000 and $750,000 in additive expenditures over a period of three years, along with a 0.45% Net Smelter Returns Royalty [5][6] Exploration Results - Recent sampling results from the Sunrise and Snow showings returned high-grade values, including up to 24% Zn and significant silver and lead concentrations [11][12][13] - The geological setting of the Red Jacket Project is favorable, being part of the Eagle Bay Assemblage, which is known for hosting significant VMS deposits [15][16] - Riverside plans to continue exploration work in the first half of 2026, focusing on areas with confirmed high-grade mineralization [15][23]
Riverside Resources Options Prospective Ground with past Drilling to Double the Size of the Jacket Property in Central British Columbia
TMX Newsfile·2026-01-21 16:53