Riverside Resources Options the Clemente Silver-Gold Project to Silver Viper Minerals Corp. – MarketWatch

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VANCOUVER, BRITISH COLUMBIA, Dec 06, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 6, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99), is pleased to announce that it has signed an option agreement (the “Agreement”) with Silver Viper Minerals Corp. (“Silver Viper”) for the Clemente Project (the “Project”) in Sonora, Mexico. Silver Viper can earn an undivided 100% interest in the Project by paying $750,000 in cash, 2,000,000 Silver Viper common shares and incurring $4,000,000 in exploration expenditures within five (5) years. Riverside will retain a 2% net smelter returns royalty (NSR).

Riverside’s President and CEO, John-Mark Staude stated, “Riverside is pleased to advance the Clemente Project with a reputable group that has a track record of making discoveries…

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