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Ridgestone Mining Completes IP Survey on the Rebeico Gold-Copper Project, Sonora Mexico
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Ridgestone Mining Inc. (TSXV: ...
About this update from Ridgestone Mining, Inc.
[{"type":"text","content":"Ridgestone Mining Completes IP Survey on the Rebeico Gold-Copper Project, Sonora MexicoVancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Ridgestone Mining Inc. (TSXV: RMI) (the \"Company\" or \"Ridgestone\"), is pleased to announce that it has completed an Induced Polarization (IP) geophysical survey (the \"Survey\") on its Rebeico Gold-Copper project, Sonora, Mexico.The Survey, conducted by Zonge International of Tucson, Arizona, was undertaken to better define targets for a planned drill program. It was comprised of nine lines of IP each 2.0 kilometers long for a total of 18 line kilometers spaced 200 meters apart, covering an area of 1.6 by 2.0 kilometers. The Company will be releasing the results of the Survey in due course as such results become available.About the Rebeico Gold-Copper ProjectThe Rebeico Gold-Copper Project is located approximately 115 kilometers east of Hermosillo, Sonora, Mexico in the famed Sierra Madre Gold Belt estimated to have reportedly produced more than 80 million ounces of gold and over 4.5 billion ounces of silver. Ridgestone has an option to earn a 100% interest in the Rebeico Gold-Copper Project (subject to a 2% NSR) from YQ Gold de Mexico S.de R.L. de C.V., (a private Mexican company)(\"YQ\") as further described in the Company's June 11, 2018 news release.The Rebeico Gold-Copper Project's mineral concessions cover approximately 167 hectares located on private land and are easily accessed by paved highway and all weather gravel roads.The Rebeico Gold-Copper Project has had intermittent historical production since the 1930's, with most of the efforts concentrated on the one kilometer-long \"Alaska\" vein, where extensive underground workings reached depths of up to 70 meters.Sampling by YQ geologists and others demonstrates that portions of the Alaska vein and some outcrops of a breccia zone west of the vein are mineralized with gold, silver and copper at concentrations that justify extensive exploration work, including drilling. Additional information on the Rebeico Gold-Copper Project can be found in the National Instrument 43-101 (\"NI 43-101\") technical report entitled \"Technical Report on the Rebeico Gold-Copper Project, Central Sonora, Mexico\", by Steven I. Weiss Phd, CPG of Mine Development Associates, dated April 25, 2018, which has been filed on SEDAR at www.sedar.com....