Riverside Resources and Mexigold Corp. Announce Termination of Option Agreement: Projects Now Available for New Exploration Partnerships
Riverside Resources Inc. reports that the option agreement whereby Mexigold Corp. could earn an interest in the Catrina, Pedernal and Escondida projects is being terminated and Riverside will retain 100% interest in the projects. Riverside is pleased to move ahead with the Durango Properties, while Mexigold has elected to pursue other business opportunities during these difficult market conditions. Two of the properties, Catrina and Pedernal, have been drilled with an aggregate $1.83 million in exploration funding from Mexigold, which builds upon the earlier exploration investment made by Kinross and Riverside.