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Riverside Resources acquires Maria Luisa Copper Property in Mexico

Published by , Editorial Assistant
Global Mining Review,

Riverside Resources Inc. has announced it has completed acquisition and title transfer of the Maria Luisa Copper Property immediately north of Riverside’s Ariel Property thus consolidating another 30% and direct drill target for the full Ariel project.

With this acquisition Riverside has now fully consolidated the highly prospective Laramide age porphyry Cu-(Au, Mo) district and now controls an area of 16 km2. The Ariel project has had mineral exploration by Riverside including mapping, sampling, geochemistry, mineral chemistry, remote sensing, geophysical interpretations and is fully permitted for drilling. It represents a turnkey, undrilled, high quality drill target 18 km immediately east and within sight of Mexico’s second largest copper mine, the La Caridad Copper Mining Complex, operated for the past 40 years by Grupo Mexico Mining.

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to consolidate Maria Luisa into the larger Ariel project as this has been a goal for several years and was able to be completed on highly favourable terms for Riverside. This now provides the opportunity to move forward with drilling at both Ariel and Maria Luisa. Riverside will look to partner this large, fully titled, easily accessible and proximal to La Caridad copper mine location. We appreciate the excellent work of the Riverside local Mexico exploration team who worked with lawyers and private owners to complete this for the benefit of all stakeholders.”

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Copper mining news Mexican mining news