Riverside Resources Inc.: Riverside Resources Sells Its Geraldton Greenstone Belt Canadian Portfolio to iMetal Resources Inc for Shares And 2.5% NSR
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY)
( Riverside or the Company ), is pleased to announce the sale of the Company s Oakes, Pichette and Longrose Projects in northwestern Ontario for eight (8) million common shares, a 2.5% NSR and cash considerations to iMetal Resources Inc. ( iMetal )
(TSXV: IMR
) (OTCBB: ADTFF) (FSE: A7V2). The Riverside projects are located in the Beardmore Geraldton Greenstone Belt (BGGB), northeast of Thunder Bay, Ontario. iMetal has exploration projects in the Abitibi Greenstone Gold Belt and upon closing of this transaction Riverside will be a cornerstone shareholder in this new collaborative Canadian-focused gold exploration company. Highlights from the three Riverside projects include:
Growing Equinox Gold on track towards 1M oz by 2023 - Canadian Mining Journal canadianminingjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canadianminingjournal.com Daily Mail and Mail on Sunday newspapers.
Precious Metals Outlook 2021: Renewable Energy Will Be a Key Driver February 1, 2021
Precious metals in general did very well in 2020, and I expect them to keep pace in 2021, supported by heightened efforts in the U.S. and elsewhere to transition from fossil fuels to renewable energy.
Gold bullion gained more than 25%, its best year since 2010. The surge in money supply due to pandemic stimulus helped fuel the rally. The amount of M1 money moving around the U.S. economy skyrocketed 66% from last year.
2020 marked the fifth straight year of positive gains for the yellow metal. In the past 15 years, gold has been up 80% of the time, a remarkable track record.
Premier unveils top-level team for i-80 Gold
Premier Gold Mines’ McCoy-Cove project in Nevada. Credit: Premier Gold Mines
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has picked the management team for new U.S.-focused gold miner i-80 Gold Corp., a company formed as part of the $612 million (US$478 million) acquisition of Premier by Equinox Gold (TSX: EQX; NYSE: EQX).
The friendly takeover, announced in December, proposed consolidating Premier’s gold asset in Nevada under a new entity, headquartered in Reno.
Key members of i-80 announced Monday include Ewan Downie as CEO and a director; Ron Clayton in the chairman of the board post and Matthew Gili as the president and chief operating officer.