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In the video interview titled "RIVERSIDE RESOURCES Spins Out Gold Explorer Blue Jay" , Dr. John-Mark Staude, CEO of Riverside Resources, and Dr. Geordie Mark, CEO of Blue Jay Gold Corp., discuss the strategic spin-out of Blue Jay Gold from Riverside Resources. This move allows Riverside to concentrate on its core projects in Mexico and Canada, while Blue Jay focuses on gold exploration in Ontario's Beardmore-Geraldton gold belt.
Riverside Resources Inc.
Dr. Staude explains that the spin-out is designed to unlock value for shareholders by enabling both companies to pursue focused strategies aligned with their respective assets. Riverside will continue its project generator model targeting gold, copper, and rare earth elements in the Americas, whereas Blue Jay will advance the Pichette-Clist, Oakes, and Duc Gold Projects in northwestern Ontario. Shareholders of Riverside will receive 1/5 of a Blue Jay common share for each Riverside share held, resulting in ownership in both entities .
Dr. Mark shares his vision for Blue Jay, emphasizing the potential of the Ontario gold assets, which are located in a region with a rich mining history and established infrastructure. He highlights the company's clean share structure and strong community support, positioning Blue Jay as a compelling gold exploration business with significant discovery potential.
The interview also touches on Riverside's ongoing projects, including the Cecilia Gold Project in Sonora, Mexico, and other assets in British Columbia. Dr. Staude mentions the company's commitment to advancing its portfolio through partnerships and royalties, maintaining a strong financial position with over $4 million in cash and no debt .
Regarding investor interest, Dr. Staude confirms that renowned investor Rick Rule is a shareholder and encourages viewers to attend the upcoming Rule Symposium in Boca Raton, Florida, with registration available through Proven and Probable.
Overall, the interview provides insights into the strategic rationale behind the spin-out, the growth prospects for both Riverside Resources and Blue Jay Gold Corp., and the opportunities available to investors in the evolving landscape of gold exploration.
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