- Ridgestone Mining (RMI) has finalized plans for a maiden drill program on its El Cobre Copper Property
- The company owns a 100-per-cent interest in the Cobre Copper Property, part of the 3,500-hectare Rebeico Gold-Copper Project in Sonora, Mexico
- The program will be comprised of approximately 14 reverse circulation (RC) drill holes, totalling 2,700 metres
- The program will test the high-grade copper property down-dip underneath the historical workings and will also investigate potential extensions
- Ridgestone Mining is up 8.33 per cent, trading at $0.065 at 1:33 pm ET
Ridgestone Mining (RMI) has finalized plans for a maiden drill program on its El Cobre Copper Property.
The Vancouver-based mineral exploration company owns a 100-per-cent interest in the Cobre Copper Property, part of the 3,500-hectare Rebeico Gold-Copper Project located in Sonora, Mexico.
The program will be comprised of approximately 14 reverse circulation (RC) drill holes, totalling 2,700 metres. The program will test the El Cobre high-grade copper property down-dip underneath the historical workings which run along a known strike length of 200 metres, and will also investigate potential extensions.
The El Cobre mine was put into production by Asarco during the sixties and was developed on two levels, with the upper level having over 230 metres of drift development and the lower level having over 100 metres of drift development at a depth of 180 metres below surface.
The company recently collected 14 samples around the historic mine, nine of which were along a 200-metre-long structure exposed at surface with the balance taken from outcrops and historic dumps.
Highlights from sampling of the main mineralized structure exposed on surface included 3.5 per cent copper and 0.32 grams of gold per tonne over 1.0 metre.
There has been no documented modern-day exploration at the El Cobre mine or surrounding area since production ceased, making it an ideal exploration target.
Ridgestone Mining is up 8.33 per cent, trading at $0.065 at 1:33 pm ET.