Drilling Underway at Ridgestone Mining's Rebeico Gold- Copper Project, Sonora, Mexico
Drilling Underway at Ridgestone Mining's Rebeico Gold-
Copper Project, Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - Ridgestone Mining Inc. (TSXV: RMI) (the "
Company
" or
"
Ridgestone),
is pleased to announce that drilling is underway at its Rebeico Gold-Copper project located in Sonora, Mexico
The program is designed to test for gold and copper mineralization below historical workings along the "Alaska" vein which has
a strike length of over one kilometer and is open at depth.
Diamond drilling will comprise 12 HQ-diameter holes totaling approximately 1,400 meters, and is being conducted by Layne
Drilling of Mexico, under the supervision of YQ Gold de Mexico, the project operator.
About the Rebeico Gold-Copper Project
The Rebeico Gold-Copper Project is located approximately 115 kilometers east of Hermosillo, Sonora, Mexico in the famed
Sierra Madre Gold Belt, which has 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 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 "NI 43-101 Technical Report on the Rebeico Gold-Copper Project, Central Sonora, Mexico", by Steven I.
Weiss Phd, C.P.G., of Mine Development Associates, dated April 25, 2018, which has been filed on SEDAR at
www.sedar.com
.
Technical aspects of this news release have been reviewed and approved by Steven I. Weiss Phd, C.P.G., a qualified person
under NI 43-101.
For further information, please contact:
Ron Birch, Director
Ridgestone Mining Inc.
Telephone: 1-800-910-7711
About the Company
Ridgestone is a TSX Venture Exchange -listed junior mineral exploration company with offices in Taipei and Vancouver, B.C.
The Company's focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico Gold-Copper project.
Neither TSX Venture Exchange nor its
R
egulation
S
ervices
P
rovider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
.
This news release contains forward-looking statements or information (collectively referred to herein as "forward-looking
statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements and are not guarantees of future performance of the
Company
.
In this news release such statements include but are not limited to the preparation of a definitive agreement and
the requirement of TSX Venture Exchange approval therefor.
No assurance can be given that any of the events
anticipated
by the forward-looking statements will occur or, if they do occur, what benefits the
Company
will obtain from them. These
forward-looking statements reflect management's current views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by
the forward-looking statements,
including those described in the
Company's
Prospectus dated February 9, 2018
available on
www.sedar.com
. Should one or more of these risks or uncertainties
materialize, or should any of the
Company
's assumptions prove incorrect, actual results may vary in material respects from
those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and
other factors is not exhaustive. Unpredictable or unknown factors
not discussed could also have material adverse effects on
forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with
certainty as such factors are dependent o
n other factors, and the Company
's course of action would depend on its
assessment of the future considering all information then available. All forward-looking statements in this news release are
expressly qualified in their entirety by these cautionary statements. Except
as required by law, the Company
assumes no
obligation to update forward-looking statements should circumstances or management's estimates or opinions change.