River Hills Resources Inc. (RHR) management is pleased to announce a merger agreement related to Hamilton Resources Ltd. Per the terms of the agreement, certain mining assets of Hamilton Resources Ltd and GEA Mining Peru S.A.C. will be combined under a new corporate entity, which will then be financed through an Initial Public Offering. The combined assets will include proven resources and a processing facility with all permitting in place ready to commence production. RHR holds a minority position in Hamilton Resources.
River Hills Resources Inc. (RHR) management announce today that their minority equity position in Hamilton Resources Ltd appears to be gaining value. Hamilton Resources, Ltd has been funding and earning a position in several advanced gold, silver and copper projects in Peru. Final documentation to secure 22 Peruvian mining concessions that comprise 10 projects and covers approximately 35,000 acres of land was completed in June 2016.
River Hills Resources Inc. (RHR) management announced today that they are a party to a transaction in which several advanced gold, silver and copper projects in Peru will be consolidated into a newly formed Peruvian corporation, financed by a second party participating in the transaction. These projects will be developed over the next several years to assess and determine the economic significance of the projects.
River Hills Resources announced today that they have engaged the services of a Qualifed Person “QP” under National Instruments 43-101 to prepare a technical report for the El Transito project in Honduras. Over 80 drill holes have been completed at the El Transito mine to determine the size and scope of the gold deposits. After the N.I. 43-101 report is completed the company will advance the project to reserve status. The Company believes the El Transito can be classified as a project of merit which would enable it to be the lead project in an initial public offering.
River Hills Resources Inc. (RHR) management announced today that they are reviewing exploration opportunities in Ethiopia, Zambia, Peru and Chile. The company has used its global contacts to source out new opportunities. Each of the projects under review is being submitted to a Qualifed Person “QP” under the definition given by National Instruments 43-101 to review and comment. Initial observations and comments show that several are positive and require field visits. After the company secures its next round of financing it will seek to control and acquire a project or projects of potential merit to advance through exploration.
River Hills Resources Inc. (RHR) management announced today that they will place a temporary moratorium on exploration activities at their Hondurian and Cambodian projects due to the downturn in the capital markets for mineral exploration. Company spokesman Andres Donos stated, “Globally the Junior Exploration market is in the "bear" mode. There are very few new public issues coming out and most public Juniors are trading at penny's. We are waiting for the "bull" market to return to the Junior Sector before we actively resume funding activities which will enable us to advance exploration activities.”
River Hills Resources Inc. (RHR) announced today that they have sold their Boardwalk 16 concession located in Misahualli, Ecuador. The company spent several years in exploration activities to assess the gold deposit, and in 2012 began contracting with a Canadian mining company to actively mine the concession. The Ecuadorian Government began to nationalize the mining industry in 2008, and increased mining regulations have made it difficult for non-nationals to participate. The company was unable to obtain an environmental permit after attempting for three years which led to the decision to sell the mining concession.
October 2nd 2013 - River Hills Resources, Inc. has been selected for the 2013 Wisconsin Excellence Award amongst all its peers and competitors by the Small Business Institute for Excellence in Commerce (SBIEC).
Misahualli, Ecuador; August 22, 2013 - River Hills Resources, Inc.(RHR Inc.) announced today the signing of an agreement to complete reclamation on three areas where bulk sampling has taken place over the past six months. RHR Inc., along with consulting advice from Global Green Carbon, a specialist in Land Use, Land Use Change and Forestry, has developed and implemented a plan to reclaim the areas that were tested utilizing a combination of local villagers and other Ecuadorian participants. The Ecuadorian Amazon Basin communities of Awatino, Pukachikta, Sardinas and Tuyano, along with several local equipment operators, have begun to reclaim areas where testing for gold took place. The Company stated, "Using the indigenous communities to participate in reclaiming the land utilizing traditional Kichwa practices ensures that all parties are vested in the remediation process."
Misahualli, Ecuador; July 3rd, 2013 - River Hills Resources, Inc. announced today that they have terminated their relationship with Crawford Enterprises and have rescinded the terms outlined in the Letter of Intent dated November 6th, 2012.
River Hills Resources, Inc. releases their Corporate Report.
Quito, Ecuador - River Hills Resources, Inc. announced today that they are nearing completion of bulk sampling at their Boardwalk 16 concession located in Misauhualli, Ecuador. Extraction work is being performed in full compliance with the Ecuadorian mining code and utilizing best practices to maintain the regions bio-diversity.
Quito, Ecuador - River Hills Resources, Inc. announced today that the Company had filed its Environmental Impact Study (EIS) for their Boardwalk 16 mining project in the Napo Province of Ecuador. This final filing with the Environmental Ministry is the last step before being issued an Environmental License (EL), which will enable the Company to commence negotiating a mining permit.
Quito, Ecuador – The fourth quarter of 2011 was an exciting time for River Hills Resources as all three project locations experienced positive forward momentum. Although we are private and able to divulge information more readily than our public counterparts, we have confidentiality and non-disclosure agreements signed with numerous entities and can only give you, our shareholders, a sanitized account of who we are working with.
Tegucigalpa, Honduras - To keep our shareholders fully updated on developments in the Honduras Gold sector, and most especially our El Transito Concession, River Hills Resources, Inc would like to inform you today that we have recently received further and continued interest to develop the El Transito project from not one, but several junior and mid-tier exploration development companies.
Quito, Ecuador – River Hills Resources, Inc. announced today that the General Open Assembly will be held on December 9, 2011 in Misauhualli, Ecuador. River Hills Resources, Inc. has opened another office in the Tuyano community center to inform the people about the project.
Quito, Ecuador – River Hills Resources, Inc. announced today that they are planning to hold a General Open Assembly in an effort to obtain a mining permit. Under Ecuadorian law an Environmental Impact Study must be circulated to residents to gather their input on the impact of the mining operation to their community. Results of the General Open Assembly will be incorporated into the EIS and presented to the Ministry of the Environment for approval.
Misahualli, Ecuador – August 15th, 2011 – River Hills Resources, Inc. announced today that the Ecuadorian Secretary of Water Resources has issued a permit to the company to install a wash plant on their mining concession in Misahualli, Tena. The plant will use water from the Tuyano River and its’ tributaries to process gravels and recover free gold.
Quito, Ecuador – July 8th, 2011 –Riverhills Resources, Inc. announced today that they have begun an environmental audit on the Boardwalk 16 concession located in Misahualli. The company employed local laborers to dig 44 pits in the terraces of the effluents and creeks of the Tuyano River. The bulk samples taken from the pits confirmed the gold grade previously obtained in other areas of exploitation. Bulk samples also proved the gold distribution in the gravel and local stratigraphy.
Quito, Ecuador – River Hills Resources, Inc. announced today that Martin Gallon, President and CEO is retiring. Mr. Gallon will continue on as a Senior Technical Advisor to the company. Julian Rosero, A. will become acting President. Mr. Rosero has over 30 years of experience in the mining industry in Ecuador having served as the Director of the Ecuadorian Geological Survey and as the Vice Minister of the Ecuadorian Ministry of Mines. He resides in Quito, Ecuador and has headed the Ecuador Project Office since the company’s inception.
New Hope, Virginia - During the 4th Quarter of 2010 River Hills Resource, Inc. conducted Phase Two sampling at the El Transito project in Honduras. The project consists of two mining sites: El Turbio and Santa Anita.
New Hope, Virginia – On March 4th, River Hills Resources, Inc. sponsored the second annual Agromineria Workshop in the village of Misahualli, Ecuador. Over 150 people attended the event. Presenters at the workshop included Ecuador's Under Secretary of Mines, Jorge Espinoza; Adam Guzman, a professor of Geology and Mining from Central University, Tena; and engineers from Pronaca who followed up on the corn cooperative established through last year's workshop. Journalists from “La Verdad Amazonica” in Tena also attended.
New Hope, Virginia – River Hills Resources, Inc. CEO Martin Gallon led a team of American investors on a tour of the Tuyano project. The gentlemen visited Boardwalk 19 and observed the work being done by company employees. Current work on the project entails geological studies and physical observation of mineral quality. The group observed the excavation of a prospecting pit through the gold rich gravels, the washing of the gravels and the recovery of gold from the concentrate.
New Hope, Virginia - River Hills Resources Inc. is pleased to announce the company’s expansion into Asia. Martin Gallon, CEO stated "We have identified three gold projects. We have visited each several times and have taken samples that demonstrate the possibility of significant grades. We plan to proceed in our discussions with the operators and secure one or more projects in the coming months."
New Hope, Virginia - During July 2010, River Hills conducted a preliminary sampling program at El Transito, Honduras. The initial results are encouraging, indicating the presence of a high grade gold system surrounded by a lower grade halo. Gold grades of between 20g/t and 36.67 g/t were returned from channel samples taken from the quartz veins and silicified zones in the old underground workings. In the old open pit area where lower grades were expected, the results averaged 3 g/t. Rock samples taken from the old stock pile at the crusher site produced grades ranging between 37g/t - 40 g/t .
New Hope, Virginia - River Hills Resources, Inc. (“River Hills” or the “Company”) announced today that it has been issued and has registered an official mining license for its gold project, Boardwalk 16, in the Napo Province of Ecuador. The license was approved and granted by the Ecuadorian Ministry of Non-Renewable Natural Resources on May 10th, 2010. The River Hills mining license was filed for registration at the Mining Agency of Ecuador, and was duly recorded on June 2nd with final confirmation on June 30th, 2010. “We are pleased to have obtained the official mining license for this very promising gold project”, stated Martin Gallon, River Hills Chief Executive Officer, “This is a significant advance for Boardwalk 16, and the River Hills operations in Ecuador.”
New Hope, Virginia - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that it has decided to increase the size of its gold exploration project in Ecuador
Kohler, Wisconsin - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that the Board of Directors has appointed Martin Gallon to the position of CEO and Director of the Company. Mr. Gallon has 39 years of mining experience and has worked in over 30 countries during his career. His vast experience includes positions from exploration geologist to gold production. He will lead the company as the projects enter the exploitation phase of development.
Quito, Ecuador - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that it has opened a field office in the village of Misahualli, Ecuador where the Company continues to develop its wholly owned gold project.
Kohler, Wisconsin - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that it has completed a structured financing of $1.8 million to advance both of its gold projects to a limited production phase of operation.
Kohler, Wisconsin - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that it has completed the acquisition of two late stage gold projects in Ecuador and Honduras. Both gold projects are preparing for exploitation. The Rio Napo project is located in Central Eastern Ecuador near the foothills of the Andes Mountains. Seven years of exploration and bulk sampling have yielded a material gold deposit that the company is preparing to mine after it completes additional environmental studies mandated by the new Ecuadorian constitution. The El Transito project in Southern Honduras has over two miles of tunnels, a proven resource of 144,000 ounces of gold with extensive additional probable and inferred resources and will be placed into limited production in 2009.
Kohler, Wisconsin - River Hills Resources, Inc (“River Hills” or the “Company”) announced today that it has incorporated in the State of Nevada, it has initiated a plan to consolidate several late stage projects in South, Central and North America, and it has negotiated a structured financing of $1.8 million.