Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Questcorp, Riverside complete IP survey at La Union

Riverside Resources Advances La Union Geophysics as Phase 2 Drilling Looms, But Dilution and Exploration Risks Cap Near-Term Upside

By The Northwire Desk — AI Analysis Jun 02, 2026 · 10:43 RRI · 0.3 Riverside Resources Inc.
Executive Summary
  • Questcorp Mining and Riverside Resources completed an expanded induced polarization (IP) geophysical survey at the La Union gold-silver project in Sonora, Mexico.
  • The survey identified conductive zones aligned with previous drilling and generated new geophysical targets in the previously unsurveyed northern portion of the property.
  • Management states the combined geological, geochemical, and geophysical data points to a larger, district-scale mineralized system.
  • This update follows a clear progression of exploration activities: high-grade chip-channel sampling in January 2026, Phase 1 drill results, aeromagnetic drone surveys in May 2026, and now the IP survey completion in early June 2026.
  • The company is preparing for a fully financed Phase 2 drill program, with contractors engaged and permits secured.
Material Impact
  • The June 2 IP survey completion is a standard, expected step in the exploration workflow ahead of Phase 2 drilling. It does not contain new assay results or commercial discovery claims.
  • The news aligns with previous projections and maintains the positive trajectory established by the January chip-channel results (30m @ 20 g/t Au) and May field sampling.
  • There is no material surprise or deviation from the planned exploration roadmap. The market likely already priced in the upcoming drilling campaign given the April launch announcement and May survey updates.
  • The update is incremental and routine. It confirms project momentum but does not materially alter the risk/reward profile until actual drill results are released.
RRI · Price
Company Overview
  • Riverside Resources operates as a project generator, focusing on gold, silver, copper, and rare earth elements in Canada and Mexico.
  • Flagship Project: La Union (Sonora, Mexico) is a district-scale carbonate replacement deposit (CRD) targeting gold, silver, lead, and zinc. The project has a history of shallow historic production (~50,000 oz Au-eq) and is currently advancing through Phase 2 exploration funded by partner Questcorp.
  • Other Assets: Ariel Copper (Sonora, drill-ready porphyry target), Red Jacket (BC, VMS polymetallic), Revel (BC, carbonatite-hosted REE), and Cecilia (Sonora, epithermal Au-Ag).
  • Royalty Portfolio: Holds 2% NSR on Tajitos Gold, 2% NSR on Sugarloaf Peak, and 1% NSR on Cruz de Plata.
Read the original news release →

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