Hochschild Mining Share Discussion Threads

[d3009] 13/10/2020 19:26

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[d3009] 13/10/2020 19:24

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[stevea171] 12/10/2020 20:58

Riverside Resources has some very important developments coming from the Los Cuarentas Gold-Silver project, located in Sonora, Mexico, which has an earn-in option agreement with Hochschild Mining.

We did some trenches, we're doing some channel as well. And the channel got back with 32.9 grams per ton over almost a meter. This is very exciting because this is included within a wider zone of 3.4 meters of 9.1 g/t gold. So, those are very significant results. This is not the only one, there are multiple high-grade zones up to 21 g/t in the Santa Rosalia zone. So we're very, very excited about that.

Then we also did a soil sampling campaign and this soil, same thing was very, very important because it happened to be between our two primary targets. Two drilling targets that are coming up. And what we found out is that we have almost 1 g/t gold in our soil sampling, which is extremely high. And it just happened that we had this perfect continuity between our Santa Rosalia and Santa Rosalia Sur, our drilling target. And we can now, thanks to the soil sampling, merge into at least a 1.7 kilometer target. Which is pretty amazing, and Riverside looks forward to the next drill program.

[risa5] 12/10/2020 15:29

Riverside Resources' Mexico Project Samples 9.1 g/t Gold

Maurice Jackson Riverside Resources CEO Dr. John Mark Staude and Senior Geologist Erika Sweeney talk with Maurice Jackson of Proven and Probable about recent exploration results at the company's Los Cuarentas project in Sonora.

Los Cuarentas Map

Maurice Jackson: Joining us for a conversation is the CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), Dr. John Mark Staude, along with senior geologist Erika Sweeney.

Riverside Resources has some very important developments coming from the Los Cuarentas Gold-Silver project, located in Sonora, Mexico, which has an earn-in option agreement with Hochschild Mining. Dr. Staude, before we go onsite, please share the details of the agreement and the potential presents for shareholders.

Dr. John Mark-Staude: For Riverside, we're so excited. We follow the prospect generator model and in this case work with Hochschild Mining. Where for an US$8 million investment into the project that Riverside's operating, Hochschild can earn a 51% interest, and then, by spending another $3 million in the ground, it could get to 75% interest. The best part for us is that we can sell our minority interest for up to $20 million, and keep a royalty. Whether we make a joint venture or go forward with them, or for us, that type of spending from our market cap provides an amazing upside. So we're so excited with Erika and the team and the potential we have at the Cuarentas project.

Maurice Jackson: Speaking of the market cap as a shareholder, I have to applaud you on the business and geological that we have before us on the Los Cuarentas. Riverside has several generative projects throughout Canada and Mexico, with a market cap under $18 million. And Los Cuarentas, just by itself, has the potential to almost double that with cash in the treasury, along with a royalty. Kudos to you, sir.

Dr. John Mark-Staude: Great to have a good team and it's so important in these COVID times to work as a team. Thank you.

Maurice Jackson: Mrs. Sweeney, you're on site at Los Cuarentas, which is surrounded by several gold producing mines in the region. To gain a better appreciation for today's press release, can you show us on the map, some of your neighbors and the successes they've had, and where they are in relation to Los Cuarentas?

Los Cuarentas Overview map

Erika Sweeney: The Los Cuarentas project is located within a 50-kilometer radius of a number different projects such as Premier's Gold Mine, the Mercedes Mine, that looks very similar to Los Cuarentas. When you look at the grade, up to 34 grams per ton, very good intercept. Then you go to the north about 30 kilometers there, you're going to have Santa Gertrudis that is owned by Agnico Eagle. And about 40 kilometers to the south, you're going to find Las Chispas, which was a pretty significant discovery in the past couple of years. So, this is very exciting. There's a lot of proven gold and silver discoveries in this area.

Maurice Jackson: Well, it sounds like the right place and the right time. Erika, Riverside just released some news regarding new channel sampling and soil sampling results taken along several of the planned drill targets at Los Cuarentas. What can you share with us?

Erika Sweeney: We did some trenches, we're doing some channel as well. And the channel got back with 32.9 grams per ton over almost a meter. This is very exciting because this is included within a wider zone of 3.4 meters of 9.1 g/t gold. So, those are very significant results. This is not the only one, there are multiple high-grade zones up to 21 g/t in the Santa Rosalia zone. So we're very, very excited about that.

Erika Sweeney: Then we also did a soil sampling campaign and this soil, same thing was very, very important because it happened to be between our two primary targets. Two drilling targets that are coming up. And what we found out is that we have almost 1 g/t gold in our soil sampling, which is extremely high. And it just happened that we had this perfect continuity between our Santa Rosalia and Santa Rosalia Sur, our drilling target. And we can now, thanks to the soil sampling, merge into at least a 1.7 kilometer target. Which is pretty amazing, and Riverside looks forward to the next drill program.

Maurice Jackson: Erika, I know you can't see me, but I'm smiling from ear to ear, just like you are. Alright, now that Riverside has demonstrated its proof of concept on Los Cuarentas, what are the next steps, and when will those next steps commence?

Erika Sweeney: This is very important. As of next week, we're going to be drilling. We're going to start with the main targets, Santa Rosalia, and we're going to drill areas where on surface we found 25 and 21 g/t gold. So this is very exciting, we're going to see the continuity at depth. So, that's what you can expect, and what investors can expect will be results from the drilling, trenches, and more channel and soil samples. Investors have a lot to look forward to in the coming months.

Maurice Jackson: John Mark, we've heard Erika demonstrate the impressive results at Los Cuarentas. I believe you have some samples to show us.

Maurice Jackson: John Mark, leaving Los Cuarentas, what are some of the catalysts that you see before us in Riverside Resources?

Dr. John Mark-Staude: Riverside shareholders are set up for a wonderful next quarter.

Maurice Jackson: It's truly been a banner year this year for Riverside Resources. You know, we're talking about Hochschild right here at Los Cuarentas, Capitan Mining, several catalysts working for you there with Cecilia, and throughout Canada now, and Ontario, truly exciting times for Riverside. And as a shareholder, I commend you for all the work you're doing. Let me ask you this, can you walk us through the capital structure right now for Riverside?

Dr. John Mark-Staude: Riverside has a very nice capital structure. We have fewer than 69 million shares out, we're tightly held with ourselves being large shareholders, and more than 50% of that being institutions largely from Europe. We're in a very good position. We also have a good cash position of over $3 million cash and of course no debt. So, Riverside's in a very good capital position moving into 2021.

Maurice Jackson: John Mark, any parting words for current and prospective shareholders?

Dr. John Mark-Staude: I am so excited about having a team with Erika. So many of our team out on the field in Mexico. This is one of the best times for Riverside looking forward. The gold markets here, we're able to operate and we have multiple partners working on multiple targets. So for me, I'm holding my shares, buying more shares, and very excited about the potential. It's super bright. We want to put on the sunglasses.

[risa5] 12/10/2020 10:23

The midcap FTSE 250 rose 0.6%, led by a jump in shares of corporate services firm Sanne Group Plc and precious metals miner Hochschild Mining after RBC upgraded its rating on their stock to "outperform".

[risa5] 12/10/2020 10:17

RBC RAISES HOCHSCHILD MINING TO 'OUTPERFORM' ('SECTOR PERFORM') - TARGET 340 (360) PENCE

[cassini] 11/10/2020 18:10

The politicians don't like precious metals as currency as they can't print it. Churchill didn't like the constraints it put on him in the tweneties, nor did a lot of other people in the USA etc ('Cross of Gold').

Of course, constraints on people spending too much is exactly what gold is good at - if the treasury in a country is too profligate with its spending other countries (and private citizens if allowed) would demand gold instead of paper if they thought the paper currency was becoming devalued. De Gaulle did this with the Dollar in the 60s, he sent a warship to the USA to pick up gold instead of dollars for US-Franco trade as he thought the USA was spending more than they had on the Vietnam war and that the dollar was overvalued.

That came to an end in 1971 with Nixon 'closing the gold window', blaming 'speculators'. Truth probably was he was haemorrhaging too much gold out of the country (the Gold Exchange Standard in use at that time was inter-governmental only - private citizens could not exchange dollars for gold I believe).

[breaktwister] 11/10/2020 09:05

I am in the USD bear camp. I always hear that the "USD is the cleanest dirty shirt" but this does not make sense when gold is capable of performing the reserve currency role. I don't think any reserve currency ever before has been printed like confetti the way the USD is, and continued to hold its status for very long.

[stevea171] 10/10/2020 20:33

A US dollar crash is going to send the price of gold skyrocketing.
October 10. Michael Oliver:

“Another situation that is cooking out there is the dollar. Everybody has been impressed by the strong dollar. It has not been strong. It’s been exceptionally weak over a 40 year period. It did have a nice advance between 2007 and 2017, but when you stand back and look at 40 years, it was a feeble advance. It’s since given up that gain. It is under pressure, and there could be not just a further drop in the dollar but a collapse type situation.

The Dollar Index is trading in the 93 area. If the Dollar Index trades to 91 anytime this year I would expect a rapid drop into the mid-80s. Now for the dollar that’s a big percentage drop and I think that could be almost a crash like event. I think that move could add some dynamism to all of these other markets out there.

So if you are watching gold, don’t just watch gold and silver, watch what’s going on with the dollar. We think we could get some pretty violent action between now and the end of the year…

This Is Totally Out Of Control And Unsustainable



There will be a recovery. Those hundreds of thousands of entrepreneurs who have closed their businesses? They’ll open new ones.

But not in six months. Where will they get capital?

It’s one thing to bail out airlines with multiple billions of dollars. What about the local bakery with 15 employees? Where do they get the capital to reopen when the time is right?

You can repeat that story a million (or more) times.

Know this: That which can’t go on, won’t. We can’t keep piling on debt at this rate forever, and we can’t repay what we have.

[stevea171] 10/10/2020 17:26

It's likely that the US Mint can't secure any significant supplies of physical silver at the micky mouse price of paper silver on the Comex. Then there is the cost of manufacture of the coins on top - hence $67 for a 1 oz silver eagle.

The Royal Mint will be next. Their price for silver Brits will likely soon be following. Get in quick!
($67 = approx £51)

HOC is a significant silver producer (top 5 primary producer of silver) so stands to gain in spades as the silver price moves up.

[cinoib] 10/10/2020 16:22

Don't know about silver, but all the pundits are talking $3,000 for gold, if so silver will no doubt follow.

[stevea171] 10/10/2020 10:41

Silver $25.12. Consolidation over? Moving up.

[stevea171] 09/10/2020 21:50

BREAKING: The US Mint Is Hiking Silver Prices, Will Charge $67 For Each 1-Ounce Uncirculated American Silver Eagle Coin In Just Five Days!
October 8, 2020

“Prices for products containing silver will change EFFECTIVE October 13, 2020… re-setting silver prices is necessary”…

No inflation, huh?

The US Mint even says below, to “cover rising costs”.

[spacedust] 09/10/2020 21:41

Smwhen hoc moves it really movez

[hector_p] 09/10/2020 20:54

Yes HOC should move up more next week and maybe for two or more.

[breaktwister] 09/10/2020 16:14

I did say we would not see 205 again in this cycle. Today's significant gain will be noticed by investors and I expect follow through next week, if the PMs hold up of course.

[risa5] 09/10/2020 16:05

O/T there is a video with this report...

Yamana Gold shares to begin trading Tuesday in London

TORONTO -- Canadian precious metals miner Yamana Gold Inc. says its shares will begin trading next week on the London Stock Exchange.

The Toronto-based company is currently listed on the New York Stock Exchange and the Toronto Stock Exchange.

Trading will begin Tuesday under the stock symbol AUY.

The company says the listing will give British and European investors exposure to a pure-play senior gold producer with a portfolio of assets in mining-friendly jurisdictions in the Americas.

It says there are few producers with at least one million ounces of annual production.

Yamana has interests in five mines, including Canadian Malartic (50 per cent interest), the Jacobina Mine in Brazil, the El Penon and Minera Florida mines in Chile, and the Cerro Moro Mine in Argentina.

"We are coming to London at an auspicious time for our company," said founder and executive chairman Peter Marrone.

"We are at a stage in our development as a company at which we are focused on internally funded organic growth, and our capital allocation strategy supports robust and increasing cash returns to shareholders."

Yamana produced about one million gold equivalent ounces in 2019, recording US$1.6 billion in revenue and net earnings of US$226 million at an average gold price of US$1,392 per ounce.

[juju44] 09/10/2020 14:35

techs say up move has more to go

[risa5] 08/10/2020 21:18

This report comes with a map and exhibits...

Riverside Resources Prepares for Fall Drill Program at the Cuarentas Project and Samples 9.1 g/t Gold over 3.4 m
Mexico
TSX VENTURE: RRI
www.rivres.com
Mr. John-Mark Staude reports:

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2020) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: R99) ("Riverside" or the "Company"), has received new channel sampling and soil sampling results taken along several of the planned drill targets at The Cuarentas (the "Project"). Results aim to provide respective grade thickness at surface on known targets and to expand the documented strike distance of vein systems through the soil sampling program. The Project is located approximately 20 km to the west of Premier Gold Mines' Mercedes mine and 30 km south of Agnico Eagle's Santa Gertrudis operation in Sonora, Mexico. The Cuarentas Project is operated by Riverside with earn-in partner Hochschild Mining ("Hochschild") funding the next $8,000,000 of investment to reach a 51% interest with additional terms summarized in earlier news (see press release June 24, 2020).

Riverside's sampling program was conducted to aid with target definition to support the upcoming drill program. A total of 55 channel samples and 181 soil samples were carried out providing confidence for extending the vein projections. In both sampling programs, channel and soil delivered high-grade results including:

Channel sampling:
Top results from channel sampling (see Table 1)

9.1 g/t Au over 3.4 m including 32.9 g/t Au over 0.8 m Au
21.7 g/t Au over 1.6 m
6.3 g/t Au over 1.2 m
The channel sampling program was carried out with a rock saw, thus making channel samples continuous and more representative than any previous sampling by former explorers. The first channel sample batch contained 55 samples; 22% of the samples returned higher than 0.6 g/t Au and 49% of samples higher than 0.2 g/t Au. A map showing the full data for all samples can be found on Riverside's website for those looking for even greater context.

Soil sampling:

The soil program was done using a grid of 50 meter spaced lines and 25 meter spacing between samples. Highlights below include:

Soil sampling results of up to 0.9 g/t Au
Definition of a continuous 550 m long high-grade gold-in-soil anomaly which merges the Santa Rosalia and Santa Rosalia Sur as Centro de Rosalia and cumulates more than 1.7 km with higher-grade gold mineralization (see Figure 1, below)
Junior Mining NetworkFigure 1: Map of the main structural target at The Cuarentas Project, including the magnetic survey result of depth slice at 50 m depth, recent soil survey and channel sampling

Riverside's President and CEO, John-Mark Staude, stated: "We are pleased to be working with Hochschild Mining's fine exploration staff, as together we are refining and detailing excellent drill targets. We are particularly pleased that our sampling programs have demonstrated the link between the Santa Rosalia Mine and Santa Rosalia Sur targets. We have worked safely and effectively through COVID-19 and our in-country Mexico team now has the field camp set up with all operational capabilities to commence drilling this fall."

The primary focus of this initial work phase with Hochschild included work on channel sampling for precision and continuity along the Santa Rosalia Mine and Santa Rosalia Sur targets. Secondly, the soil sampling program helped define the possible continuity of mineralization within the 500-m colluvial covered zone separating Santa Rosalia and Santa Rosalia Sur including gold values up to 0.9 g/t gold. Currently, Riverside is undertaking an Induced Polarity (IP) survey over both primary targets. The IP survey work could be expanded over the recently discovered Centro de Rosalia zone. The Centro de Rosalia zone allows Riverside to extend the primary structural and mineralized target, which now covers more than 1.7 km in strike length.

Building up our knowledge base on the Santa Rosalia targets continues to allow us to extend the mineralization on surface and prepare for drilling. Riverside is rapidly advancing toward drilling and expecting more geophysics and trench results shortly.

Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to The Cuarentas Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Rock samples collected at The Cuarentas Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas' laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard samples were randomly inserted into the sample stream prior to being sent to the laboratory.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has no debt and less than 68M shares outstanding with a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside's own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company's website at www.rivres.com.

[stevea171] 08/10/2020 12:14

Hector. Yes, this has been speculated about for years. I think DB may go down but Frau Merkel will try to salvage it.
Timescales are always difficult. This guy thinks this month which would be difficult with the US election coming up.

If it happens there will likely be no warning ....

[spacedust] 08/10/2020 11:25

Cheers. But i think you are right the boat has now left the docks. Oh well ill hold my other half (not my mrs) long term