Monday 25th September 2017

Resource Clips


Posts tagged ‘Riverside Resources Ltd (RRI)’

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

July 24th, 2017

by Greg Klein | July 24, 2017

Update: On July 27 Aurvista Gold announced its technical advisory committee members.

Following an extensive drill program and ahead of an August 15 AGM, Aurvista Gold TSXV:AVA presented a lineup of nominees for an expanded board of directors and announced a management appointment to help advance the Douay project in Quebec’s Abitibi. Still to be named are personnel for a newly created technical advisory committee.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

Aurvista hopes Highway 109 leads
to the “next big Canadian gold story.”

A veteran of Ivanhoe Mines TSX:IVN and its predecessor Ivanplats, David Broughton shared PDAC’s Thayer Lindsley and the Association for Mineral Exploration’s Colin Spence awards for major discoveries of copper at Kamoa, Democratic Republic of Congo, and PGMs at Flatreef, South Africa. Closer to Douay, he’s worked on mining projects in the Casa Berardi, Joutel, Timmins and Kirkland Lake areas. After retiring from his full-time position with Ivanhoe, Broughton became the company’s senior adviser of exploration and geology. He also works as a consultant for other companies.

Jay Chmelauskas acts as a corporate development consultant for Lithium Americas TSX:LAC after serving a number of roles including technology development, permitting, engineering, financing, construction and commissioning with one of the company’s predecessors, Western Lithium USA. As president/CEO of Jinshan Gold Mines, he led the development of China’s largest gold-producing operation and led exploration efforts that have since brought about an additional gold mine in China.

Pierre Lebel serves as chairperson of Imperial Metals TSX:III and a director of West Kirkland Mining TSXV:WKM. Holding an MBA as well as a law degree, he was named the Mining Association of British Columbia’s 2012 Mining Person of the Year and received AME’s E.A. Scholz medal for outstanding contribution to mine development in B.C.

With over 20 years of mining finance experience, Akiko Levinson has led Irving Resources CSE:IRV and Gold Canyon Resources TSXV:GCU, as well as serving as a director of Novo Resources TSXV:NVO.

Janine North’s background includes managing logging and trucking companies, as well as Crown land tenures in B.C. A former AME director who recently retired as the CEO of the Northern Development Initiative Trust, she currently serves as a director of Conifex Timber TSX:CFF and BC Hydro.

We are focused on building the next big Canadian gold story. Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.—Matthew Hornor,
Aurvista Gold president/CEO

A 35-year metallurgical engineer, Maurice Tagami acts as VP of mining operations for Wheaton Precious Metals TSX:WPM, where he’s responsible for maintaining partnerships with 21 mines and eight development projects. He also served as president/CEO of Asanko Gold TSX:AKG predecessor Keegan Resources up to July 2012.

Aurvista president/CEO Matthew Hornor will be the company’s sole management nominee for the board. Running for re-election will be chairperson Gerald McCarvill and directors Edmund King and Sean Charland.

Joining the company as VP of corporate development, Joness Lang’s most recent experience includes six years with prospect generator Riverside Resources TSXV:RRI, where he co-led equity financings, built joint ventures and strategic alliances, and negotiated numerous gold and silver acquisitions.

Aurvista plans to announce a newly created technical advisory committee made up of “personnel covering all of the key disciplines required to bring the Douay gold project to the next level,” Hornor stated.

“We are focused on building the next big Canadian gold story,” he added. “Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.”

The news follows a backlog of assays released last week from a 59-hole, 23,965-metre campaign on the 30,500-hectare property and recent financings that closed on $10.1 million.

Sierra Madre, Riverside report Mexico Gold Assays of 0.82 g/t over 88.4m

October 25th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSierra Madre Developments Inc TSXV:SMG in joint venture with Riverside Resources Ltd TSXV:RRI announced results from their Penoles Project in Durango State, Mexico. Assays include

0.82 g/t gold over 88.4 metres
(including 1.69 g/t over 33.5 metres)
0.6 g/t over 90.7 metres
(including 1.03 g/t over 37.5 metres)
0.41 g/t over 108.4 metres
(including 0.79 g/t over 13.1 metres
1.4 g/t over 33.9 metres
(including 2.1 g/t over 15.6 metres)
0.68 g/t over 61.3 metres
(including 1.52 g/t over 14.4 metres)

Sierra Madre has the right to earn up to a 70% interest in the project. Sierra Madre may earn the initial 51% by issuing Riverside three million Sierra shares at a minimum of $0.50 per share, paying $2.85 million to Riverside and underlying concession holders and spending $3 million in exploration within 24 months of the March 2011 agreement.

View Company Profile

Contact:
Sierra Madre Developments Inc
Carl von Einsiedel
CEO/Director
604.685.3357

Riverside Resources Inc
Joness Lang
Corporate Communications Manager
or Kaley Reid
Corporate Communications
778.327.6671

by Greg Klein