Ridgestone Receives Permit for Drill Program on El Cobre Copper Target at Rebeico Project

Vancouver, British Columbia–(Newsfile Corp. – November 18, 2021) – Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) (FSE: 4U5) (“Ridgestone” or the “Company”) is happy to announce it has acquired all the requisite permits for a maiden drill program on the El Cobre copper goal at it is wholly-owned Rebeico copper-gold mission in Sonora, Mexico.

The allow was issued by the Secretaría de Medio Ambiente y Recursos Naturales or SEMARNAT, the Mexican regulatory physique, which permits for the Company to undertake its maiden drill program. The program might be comprised of 14 reverse circulation (RC) drill holes for a complete of roughly 2,700 metres and might be performed alongside the primary El Cobre construction, the place latest seize and rock-chip sampling of the floor stockpile of mined materials from the El Cobre construction returned as much as 3.5% copper, 53 g/t silver and 0.52 % Mo over widths of as much as 5.0 metres. Historical data of previous mining by Asarco within the 1960’s present that high-grade copper was extracted from two ranges to a depth of 180 metres, and that the construction stays open alongside strike and to depth.

The Company is working with its native drilling contractor to finalize schedules for an upcoming program. In addition, it has engaged with ancillary service suppliers to organize the drill websites forward of the anticipated program.

In addition, the Company is happy to announce that the Company has engaged Think Ink Marketing Data & Email Services, Inc. (“Think Ink”) to supply public relations companies in an effort to extend public consciousness of the Company and its merchandise, companies and securities. The settlement is for six months at a price range of $200,000. Think Ink leverages modern applied sciences to steer visitors to shoppers’ internet properties, drive inquiries, and gather metrics relating to engagement with content material. Services offered by Think Ink embody SEM (search engine advertising and marketing), search retargeting, electronic mail campaigns, and social media optimization (e.g., utilizing ways corresponding to geofencing). With the exception of the settlement to supply the foregoing companies, the Company doesn’t have any relationship with Think Ink. Think Ink doesn’t maintain, instantly or not directly, and securities of the Company or a proper to amass such securities.

Qualified Persons

Noris Del Bel Belluz, P. Geo., Vice-President of Exploration, is a “certified particular person” as ‎outlined below NI 43-101 and has reviewed and authorised the content material of this information launch.‎

About Ridgestone Mining Inc.

Ridgestone Mining has assembled a highly-experienced and dynamic crew to discover and advance its tasks in Mexico. The Guadalupe y Calvo gold-silver mission, for which Ridgestone can earn a 100% curiosity, is host to an Indicated Resource of 356,000 gold-equivalent ounces plus an Inferred Resource of 460,000 gold-equivalent ounces. Ridgestone’s 100%-owned Rebeico copper-gold mission has high-grade copper and gold pervasive all through the property with highlights together with 1.56% copper plus 1.80 g/t gold intersected over 19.3 metres from floor at the New Year Zone and a couple of.78% copper plus 8.69 g/t gold over 2.0 metres from the Alaska Vein.

For additional info, please contact:
Rad Rajaram – Manager Corporate Relations and Business Development
Telephone: 416-732-0604

This information launch accommodates forward-looking statements or info (collectively referred to herein as “forward-looking statements”). Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements and usually are not ensures of future efficiency of the Company. In this information launch such statements embody however usually are not restricted to any ongoing drilling applications, timing of such applications, or exploration outcomes. No assurance could be provided that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Company will acquire from them. These forward-looking statements mirror administration’s present views and are based mostly on sure expectations, estimates and assumptions which can show to be incorrect. A lot of dangers and uncertainties might trigger our precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with these described within the Company’s regulatory filings accessible on www.sedar.com. Should a number of of those dangers or uncertainties materialize, or ought to any of the Company’s assumptions show incorrect, precise outcomes might range in materials respects from these projected within the forward-looking statements. Readers are cautioned that the foregoing checklist of dangers, uncertainties and different elements is just not exhaustive. Unpredictable or unknown elements not mentioned might even have materials opposed results on forward-looking statements. The impression of anyone issue on a specific forward-looking assertion is just not determinable with certainty as such elements are dependent on different elements, and the Company’s plan of action would rely on its evaluation of the long run contemplating all info then accessible. All forward-looking statements on this information launch are expressly certified of their entirety by these cautionary statements. Except as required by legislation, the Company assumes no obligation to replace forward-looking statements ought to circumstances or administration’s estimates or opinions change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/104077


Recommended For You

Leave a Reply