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 +

Riverside Resources and Questcorp Announce Commencement of Phase 2 Drilling at Union Project, Sonora, Mexico

Riverside Resources advances its Union project with partner-funded phase 2 drilling, bypassing near-term dilution for shareholders.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 03:06 RRI · 0.29 Riverside Resources Inc.
Executive Summary
  • Riverside Resources Inc. and partner Questcorp Mining Inc. have officially commenced Phase 2 diamond drilling at the La Union Project in Sonora, Mexico.
  • The program is fully funded by Questcorp, requiring no near-term dilutive financing from Riverside.
  • Scope includes ~1,500 metres across 8 to 10 holes targeting both sediment-hosted gold and carbonate-hosted replacement deposit (CRD) gold-silver-zinc mineralization.
  • Drilling will focus on five priority areas: Union Main Mine (Jales Area), North Union Mine (Negra Area), Luis Hill (Alej Hill Area), Cobre Mine Area, and Jabali Area.
  • The program integrates recent geophysical data, including a completed property-wide induced polarization (IP) survey and expanded aeromagnetic drone coverage.
  • QA/QC protocols are in place with SGS Laboratory in Hermosillo, Mexico.
Material Impact
  • The commencement of Phase 2 drilling is an expected operational milestone following the April 2026 announcement of the program launch and the May 2026 high-grade chip-channel sampling results.
  • Because the program is fully funded by Questcorp under an existing option agreement, it eliminates the immediate need for equity raises, preserving shareholder equity and avoiding dilution.
  • The news confirms execution of the previously outlined exploration plan. It does not introduce new geological discoveries or financial surprises, but rather validates the company's ability to advance its flagship project on schedule.
  • The focus on multiple target areas, including new zones like Negra and Jabali, provides a structured pathway to potentially expand the mineralized footprint, but the market impact is incremental given prior expectations.
RRI · Price
Company Overview
  • Riverside Resources Inc. operates as a mineral exploration company and project generator, focusing on gold, silver, copper, and rare earth elements in Canada and Mexico.
  • Flagship Project: La Union Project (Sonora, Mexico). A district-scale carbonate replacement deposit (CRD) system with gold, silver, zinc, and lead potential. The project features historic mining (~50,000 oz Au-eq) and recent high-grade chip-channel sampling (30m @ 20 g/t Au).
  • Other Assets: Ariel Copper Project (Sonora, Mexico), Red Jacket Project (BC), Revel Project (BC, REE), Cecilia Project (Sonora, Mexico), and Deer Park Project (BC).
  • Royalty Portfolio: Holds 2% NSR on Tajitos Gold (Fresnillo), 2% NSR on Sugarloaf Peak (Arizona Metals), and other smaller royalties.
Read the original news release →

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Riverside Activates Partner-Funded Phase 2 at La Union as Project Generator Model Delivers Operational Continuity

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