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; November 29th, 2011 - 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.
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