- Ridgestone Mining (RMI) announced the company has completed another phase of exploration at its Rebeico Project
- The Vancouver-based mineral exploration company owns a 100-per-cent stake in the copper-gold project, located in Mexico
- The program was comprised of geologic mapping, prospecting and sampling
- Surface copper-gold mineralization on the Rebeico claims may be related to a much larger unexposed subsurface mineralized system
- Ridgestone Mining is flat on the day, trading at C$0.12 per share at 11:44 am ET
Ridgestone Mining (RMI) announced the company has completed another phase of exploration at its Rebeico Project.
The Vancouver-based mineral exploration company owns a 100-per-cent stake in the copper-gold project, located in Mexico.
The program was comprised of geologic mapping, prospecting and sampling. A total of 93 samples were collected with assays anticipated in the coming two to six weeks.
A detailed mapping and sampling program was conducted over a 5.25 square kilometre area, focusing on geophysical anomalies identified by past surveys.
The program included detailed geological mapping, prospecting and sampling around the past producing El Cobre copper mine, in addition to all significant chargeability and resistivity anomalies first discovered in 2018 and 2019.
Work to date has been positive and the company believes it continues to suggest the identified surface copper-gold mineralization on the Rebeico claims may be related to a much larger unexposed subsurface mineralized system.
“Taking a global view of these positive occurrences on the Rebeico claims, these mineralized occurrences are related and may support the hypothesis that the source is a porphyry system being present below the surface,” according to a statement from the company.
Ridgestone Mining is flat on the day, trading at C$0.12 per share at 11:44 am ET.