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Riverside Resources ( (TSE:RRI) ) has shared an announcement.
Riverside Resources and Questcorp have launched a fully funded Phase 2 exploration program at the La Union Project in Sonora, Mexico, following a successful 12‑hole Phase 1 campaign that delivered a new sediment-hosted gold discovery at Luis Hill. The new work will span four main target areas and include geological mapping, geochemistry, geophysics, structural analysis, and underground sampling to refine drill targets.
The program will systematically test three mineralization styles identified in Phase 1, including CRD, Carlin-style sediment-hosted gold, and structurally controlled gold in quartzites, with an expanded drone aeromagnetic survey supporting target definition. Consolidation of the Famosa mineral concessions into Riverside’s land package and secured permits, contractors, and logistics position the company for a summer 2026 drilling program that could significantly advance the district-scale Union Project.
The most recent analyst rating on (TSE:RRI) stock is a Hold with a C$0.21 price target. To see the full list of analyst forecasts on Riverside Resources stock, see the TSE:RRI Stock Forecast page.
Spark’s Take on RRI Stock
According to Spark, TipRanks’ AI Analyst, RRI is a Neutral.
The score is held back primarily by weak financial performance—no revenue and persistent negative operating and free cash flow despite a recent net income improvement. Offsetting this, the company’s zero-debt balance sheet reduces financial risk, while technicals show only modest trend strength and valuation appears low on P/E but is tempered by cash-burn fundamentals.
To see Spark’s full report on RRI stock, click here.
More about Riverside Resources
Riverside Resources Inc. is a mineral exploration company focused on discovering and advancing precious and base metal projects, with a particular emphasis on gold and carbonate replacement deposit targets in Mexico. The company operates through partnerships and project generation, including its interest in the La Union Project in Sonora, which it is advancing alongside funding partner Questcorp.
Average Trading Volume: 76,454
Technical Sentiment Signal: Buy
Current Market Cap: C$20.05M
Learn more about RRI stock on TipRanks’ Stock Analysis page.