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Ridgestone Mining Inc.
Summary
| Project: | Rebeico | |
|---|---|---|
| Deposit: | Rebeico | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2018: Ridgestone Mining Inc. announces an Exploration/Drilling Update report for its Rebeico deposit at the Rebeico project. Drilling results incl. 9.51g/t Au, 3.69% Cu from 128.0m. Vancouver, British Columbia--(Newsfile Corp. - December 13, 2018) - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Weiss (Mine Development Associates) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - December 13, 2018) - Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) ("Ridgestone Mining") announces that it has received partial results from a recently completed 12 hole, 1,430 meter diamond drill program at its Rebeico gold-copper project located within the prolific Sierra Madre gold belt, Sonora, Mexico The program was designed to test for gold and copper mineralization beneath historical underground workings located along a 500 meter portion of the "Alaska" vein which can be traced at surface for approximately 1.2 kilometers in a north-south direction. Drill holes 18REB1 and 18REB2 were collared at the same location and drilled at angles of -50 and -65 degrees respectively. Hole 18REB1 intersected old workings, presumably where the vein had been previously mined out, and was halted at 121.7 meters. Drill holes 18REB3 and 18REB4 were both collared about 415 meters south of holes 18REB1 & 2, and were drilled at angles of -50 and -60 degrees respectively. Hole 18REB3 encountered an intensely fractured fault zone and was abandoned before reaching the targeted depth. Hole 18REB4 also contained elevated bismuth (>90 ppm) associated with the gold mineralization. This may be indicative of a high-temperature, intrusion-related style of mineralization potentially proximal to a copper-gold porphyry or iron-oxide coppergold ("IOCG") system. Although exploration at Rebeico is at a very early stage, the gold and copper values encountered in these first drill holes indicate that mineralization extends beneath the shallow historical workings and down-dip along the Alaska vein. The gold values received from hole 18REB4, drilled more than 400 meters south of holes 18REB1 & 2, also indicate that subsurface mineralization extends a significant distance along strike. Results from the remaining 8 drill holes will be released when assays have been received and evaluated. | |
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