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.