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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (538)	5/6/2013 10:21:40 AM
From: Goose94	Respond to of 202371

RRI-V on the move north with little to no volume.

To: Goose94 who wrote (538)	6/5/2013 11:41:27 AM
From: Goose94	Read Replies (1) \| Respond to of 202371

4 Silver Juniors to Watch Reservoir Minerals (RMC-V) is currently exploring in Cameroon and Gabon in Africa as well as at six sites in Serbia. While the majority of its properties center on gold, its Parlozi project, located in Serbia, contains high-grade silver mineralization that is associated with lead and zinc sulfides and is comparable to Trepca-type and Mexico-Peru cordilleran skarn/manto deposits, according to the company’s website. Its Bobija project, also in Serbia, may contain high-grade lead, zinc and silver mineralization as well. Perhaps most significantly, Reservoir’s Timok gold-copper-molybdenum project in Eastern Serbia is a joint venture with Freeport-McMoRan Copper & Gold (FCX-NY), which is the project operator. Freeport has exercised its option to fund all exploration work at Timok until a bankable feasibility project is completed, according to Reservoir’s website. The company’s most recent news release states that it intersected 291.3 meters grading 7.17-percent copper equivalent at the project. Based in Canada, Dolly Varden Silver (DV-V) is focused on developing its Dolly Varden Silver Mines property, which is located in Northwest British Columbia and hosts four historical deposits. The company describes it as an advanced-stage property and notes on its website that a historic resource estimate completed in 1986 estimates that it holds 5.7 million proven and probable ounces of silver. It intends to confirm that estimate, reclassify it as current and “expand the resource to a target of 40 to 50 million ounces of silver.” In April, Hecla Mining (HL-NY), a strategic investor in Dolly Varden, paid $2.7 million to maintain its 19.94-percent interest in the company. John King Burns, chairman of Dolly Varden, commented that Hecla’s continued investment “is a testament to … the prospects of [the] Dolly Varden property.” He also noted that the company’s plans for this spring and summer are to define a high-grade silver resource at the project’s four deposits and identify an “Eskay Creek-type VMS deposit” at the Red Point target, which is northwest of the existing mines. Bear Creek Mining (BCM-V) two main projects are Corani and Santa Ana, which are located in Peru and together contain over 500 million ounces of silver, 330 million of which are in reserves. Feasibility studies have been conducted for both projects; Corani’s shows that the deposit contains proven and probable mineral reserves of 270 million ounces of silver, 3.1 billion pounds of lead and 1.7 billion pounds of zinc, while Santa Ana’s shows that the deposit holds proven and probable mineral reserves of 63.2 million ounces of silver. In June 2011, the Peruvian government reversed the decree that granted Bear Creek the mineral concessions that cover the Santa Ana project. While a judge dismissed that suit in February of this year, Peru’s Ministry of Energy and Mines has appealed that decision; the company hopes to reach a negotiated settlement regarding the project. On a brighter note, Bear Creek reported in April the successful completion of a public hearing required for its Environmental and Social Impact Assessment (ESIA). That means that the surrounding community strongly supports the project and the company is on track to receive ESIA approval by the end of the year. Also mentioned at the seminar was Riverside Resources (RRI-V) a prospect generator with a number of gold, silver and copper projects.

To: Goose94 who wrote (538)	7/22/2013 10:17:43 AM
From: Goose94	Read Replies (1) \| Respond to of 202371

Riverside Resources (RRI-V), Antofagasta enter alliance in Mexico July 22, 2013 - News Release Riverside Resources Inc. has signed a three-year, $1.8-million (U.S.) strategic exploration alliance with a wholly owned subsidiary of Antofagasta PLC for generative exploration in the major copper belt of northwestern Mexico in the eastern part of the state of Sonora. The alliance will focus on finding and developing new large copper deposits using Riverside's extensive technical knowledge of copper systems and strong generative exploration team strategically based in Hermosillo, Sonora, Mexico. Antofagasta will finance $600,000 (U.S.) on an annual basis for three years of generative grassroots exploration within a defined exploration area covering eastern Sonora, and parts of western Chihuahua and northern Sinaloa. The exploration area being explored by Antofagasta and Riverside is a continuation of the same belt that hosts more than 25 known deposits and mines north of the border in Arizona, and is also host to one of the world's top-10 (and lowest cash cost) copper producers in Grupo, Mexico. Properties that are identified and deemed to be of interest will become designated properties, whereby Antofagasta will have the opportunity to earn a 65-per-cent interest by completing a four-year, $5-million (U.S.) work program. Once earn-in on a designated project (DP) is completed, a one-time payment of $3-million (U.S.) will be made to Riverside and the property will then be advanced under a joint venture agreement (65 per cent/35 per cent). The alliance will target properties containing primarily copper with possible minor amounts of gold, silver, molybdenum, lead, zinc, nickel and platinum-group metals. All properties identified by Riverside under the alliance that are not jointly pursued will then be available for Riverside to pursue on its own should Antofagasta decide it does not fit its strategic interests. All decisions relating to the alliance will be made jointly by the technical committee with Antofagasta holding a tie-breaking vote while sole financing. Unless otherwise specified, Riverside will be the designated operator for all exploration activities of the alliance. All property acquisitions will be in the name of Riverside's wholly owned subsidiary and transferred to a jointly held company once selected as a DP. "Riverside and Antofagasta have built a strong relationship during our work together in British Columbia, and we now look forward to applying a similar partnership framework to our joint exploration efforts within the prolific Laramide copper belt of northwestern Mexico, which is the continuation of the many large copper mines in Arizona and extends southward into Sonora where this alliance will focus." said Dr. John-Mark Staude, president and chief executive officer of Riverside Resources. Antofagasta and Riverside are already working in a generative grassroots exploration alliance in British Columbia where drilling is again set to commence in the second year of the B.C. alliance. The Mexico alliance with Antofagasta will draw from the vast databases, technical experience, and Riverside's exploration team and infrastructure already in place to rapidly deliver potential designated properties to Antofagasta for its evaluation for additional financing and advancement. Further details on the Riverside-Antofagasta Mexico alliance will be available on the company's website shortly. Key designated project alliance terms: Projects selected as designated project's will have deemed ownership of 51 per cent and 49 per cent for Antofagasta and Riverside, respectively. Antofagasta would then have to spend a minimum of $5-million (U.S.) within four years from the date the DP is chosen, with minimum annual expenditures as follows: $500,000 (U.S.) on or before the first anniversary of the effective date; An additional $700,000 (U.S.) on or before the second anniversary of the effective date (for a cumulative amount of $1.2-million (U.S.)); An additional $1.5-million (U.S.) on or before the third anniversary of the effective date (for a cumulative amount of $2.7-million (U.S.)); An additional $2.3-million (U.S.) on or before the fourth anniversary of the effective date (for a cumulative amount of $5-million (U.S.)). Once Antofagasta has completed the earn-in requirements, Riverside would be entitled to receive a success fee of $3-million (U.S.) from Antofagasta within 90 days. The designated project would then be advanced with Antofagasta and Riverside holding 65 per cent and 35 per cent, respectively. If Riverside's interest in a designated project is ever reduced to 10 per cent or less, this interest will be converted to a 2-per-cent net-smelter-returns royalty. We seek Safe Harbor.