RRI, GOT
We got two pieces of news involving prospect generator Riverside Resources aka RRI.
In 2020 RRI optioned out their Cecilia gold/silver prospect in Sonoro, Mexico to Carlyle Commodities, a small CSE listed explorer whose other properties are in BC. Carlyle has terminated that JV, but don't cry for Riverside. They have already received $100k and mess of CC shares and warrants as well as the results from the exploration that CCC carried out, and will no doubt option Cecilia out again, as they have done in the past.
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In any case the Cecilia news is eclipsed by another announcement by RRI regarding their La Union gold/silver prospect, also in Sonora. This agreement dwarfs the one with CCC; if Mexican mining giant Hochschild eventually earns 100% of the property over a series of stages, RRI will have received not only various payments along the way but also afinal $20M cash payment, as well as retaining a 1% NSR plus collecting fees along the way for managing the exploration programme
Overall, RRI is way ahead of where they were before these two announcements. and will end up even further ahead if, as I expect, they are able to option Cecilia out to a more focused partner.
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Goliath Resources aka GOT announced they have moblized crews for four drill rigs to carry out an 85 hole, 24km drilling programme on their Golddigger prospect in BC's Golden Triangle. This is an important summer for GOT, with the focus being on extending the Surebet Zone by another 1200 metres. If they can, and the geology looks very promising, this gold/silver deposit is looking more and more like a future mine, especially given excellent results from metallurgical testing.
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