Riverside Prepares for Growth With 2025 Spinout and Exploration Plans

Riverside Resources is entering 2025 with a strong cash position, no debt, and plans to unlock new value through exploration and a strategic spinout.

“Building on the strong foundation progressed in 2024, Riverside is poised to unlock key opportunities in 2025,” said John-Mark Staude, President and CEO of Riverside Resources. “With a solid financial position, a diverse portfolio of high-quality projects, and strategic partnerships, we are advancing our exploration efforts in Canada and Mexico while capitalizing on royalty opportunities and ongoing transactions to drive value creation.”

In the first half of 2025, Riverside plans to propose a spinout of its Ontario gold assets, including the Pichette, Oakes, and Duc projects, into a new exploration-focused company, Blue Jay Gold. This move aims to provide shareholders with direct exposure to high-potential assets in Ontario’s Geraldton-Beardmore Greenstone Belt, following the success of the Capitan Mining spinout in 2021.

Key results from 2024 include:

• Pichette Gold Project: Fieldwork revealed new mineralized zones in banded iron formations, with assays up to 21 g/t gold.

• Duc Project: LiDAR and magnetics surveys enhanced the understanding of structural features, refining targets for Abitibi greenstone-style gold deposits.

Exploration in British Columbia will focus on gold and rare earth elements at the Deer Park, Revel, and Taft projects. Planned activities include mapping, geochemical sampling, and geophysical surveys, with the goal of advancing these assets to drill-ready status.

In Mexico, Riverside and partner Fortuna Mining will build on 2024 drilling success at the Cecilia Project. Exploration will target high-grade mineralization identified during earlier programs, with updates expected early in 2025.

“Riverside is well-positioned to capitalize on a strengthening commodities market,” Staude said. “We are also evaluating potential acquisitions to expand into new North American jurisdictions, further enhancing our growth strategy.”

With over C$4 million in cash reserves, no outstanding debt, and fewer than 75 million shares outstanding, Riverside’s strong financial position underpins its ability to pursue high-potential opportunities and strategic growth.

2025 strategic goals include:

1. Ontario Spinout: Shareholders to vote on the proposed Blue Jay Gold spinout in early 2025.

2. British Columbia Exploration: Advancing gold and rare earth element properties to drill-ready status.

3. Mexican Partnerships: Follow-up drilling at Cecilia with Fortuna Mining.

4. Portfolio Expansion: Actively pursuing acquisitions in North America.

With a focus on fiscal discipline, Riverside aims to deliver significant exploration results and shareholder value in 2025.

By Kevin Vincent

Tags: Northern Ontario / Operational Updates / Gold / All Articles