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Riverside Resources ( (TSE:RRI) ) has shared an update.
Riverside Resources and joint-venture partner Questcorp Mining reported high-grade chip-channel results from the Union Mine area at the La Union Project in Sonora, Mexico, with 30 metres averaging 20 g/t gold and 226 g/t silver, plus zinc, along an access wall in the upper workings. The companies also released final assays from a 12-hole Phase 1 drill program across the Union Mine, Union Norte and El Cobre targets, confirming carbonate replacement deposit-style mineralization with anomalous zinc, silver, gold and lead in all three areas, as well as Carlin-type, sediment-hosted gold indicators that will guide a follow-up drilling program in 2026 and underscore the project’s potential in a district already known for large CRD systems.
Spark’s Take on TSE:RRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:RRI is a Neutral.
Riverside Resources faces significant financial challenges with no revenue and negative cash flows, impacting its overall score. Despite these issues, positive technical momentum and strategic corporate actions, such as the Blue Jay Gold spin-out, offer some optimism. Valuation concerns persist with a negative P/E ratio, indicating potential risks.
To see Spark’s full report on TSE:RRI stock, click here.
More about Riverside Resources
Riverside Resources Inc. is a mineral exploration company focused on gold, silver and base metal projects in North America, with a particular emphasis on discovering and advancing targets in established mining jurisdictions such as Sonora, Mexico. Working in partnership with other explorers like Questcorp Mining, the company targets carbonate replacement deposits and sediment-hosted gold systems that have potential for significant scale in regions known for long-standing metal production.
Average Trading Volume: 74,386
Technical Sentiment Signal: Buy
Current Market Cap: C$19.82M
For detailed information about RRI stock, go to TipRanks’ Stock Analysis page.