Ridgestone Mining CSE:RMI

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3 weeks 1 day ago #125334 by lynnsa10
lynnsa10 created the topic: Ridgestone Mining CSE:RMI
Surprised no topic on this one. I bought a good position. RonS suggested it back in April. After some Covid delays, they have been drilling and last results look pretty good

2020-07-15 12:42 ET - News Release

Mr. Jonathan George reports


Ridgestone Mining Inc. has released the first three holes from a recently completed 1,674-metre drill program on its wholly owned Rebeico gold-copper project in Sonora, Mexico. The holes were part of a maiden drill program conducted on the New Year Zone to investigate the subsurface extent of significant gold and copper mineralization previously sampled on surface.


Hole 20REB013D intersected 2.13 g/t gold and 1.79% copper over a 16.25 metre interval from 3.05 metres to 19.30 metres, including a higher-grade 4.35 metre interval @ 5.25 g/t gold and 1.46% copper.

Copper mineralization in hole 20REB013D commenced from surface for 19.3 meters averaging 1.56 % copper.

Holes 20REB014D and 20REB015D collared 60 metres west and about 10 metres south of 20REB13D encountered significant copper mineralization from near surface to 18 metres.

Pervasively hydrothermally altered rocks with variable amounts of pyrite, magnetite, and chalcopyrite were encountered in all three of these holes.

Mr. Jonathan George, CEO, commented "We are very pleased that all three of these holes intersected multiple runs of elevated copper and visible chalcopyrite over tens of metres of length down-hole from the reported, near-surface significant results. As well, extensive intercepts with veinlets containing variable mixtures of pyrite, chalcopyrite, magnetite, chlorite, calcite and quartz, and the intercepts of hydrothermal breccia, taken together confirm we have penetrated a highly-prospective copper and gold bearing mineral system."

Hole 20REB13D was drilled vertically to a depth of 98 metres (Table 1), encountering abundant iron and copper oxides and sulphides in veinlets and disseminations in brecciated and silicified andesite and hydrothermal breccia from surface to greater than 19 metres (Figure 1 and Figure 2). Narrower intervals of hydrothermal breccia were penetrated to depths of 68 metres. Pyrite and minor amounts of chalcopyrite plus or minus magnetite were observed in more extensive intervals in veinlets and as disseminated grains, as well as in narrow veins with calcite and/or quartz.

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