Ridgestone: High-Grade Mineralization in Mexico

  • Alfonso Daco and Francisco Navarro, with over 85 years of combined experience in mineral exploration with companies including the Goodman Group of companies, have been credited with the discovery of three gold deposits in Mexico which have become significant mines.
  • Jonathan George, CEO, has over 35 years of experience in mineral exploration, development, and project financing. He co-founded Creston Moly and spearheaded the acquisition, financing, development and subsequent sale of the El Creston project to Mercator Minerals for $195 million.
  • Dr. Steven Weiss has over 40 years of experience in mineral exploration, the majority of which has been focused in Mexico. He led the exploration team at the El Sauzal gold mine for Glamis Gold and subsequently all of Mexico with Goldcorp until 2013.

The Asset:

The Right Project in Right Area

  • The Rebeico project is located in one of the most prolific mineral belts in the world, the Sierra Madre gold belt, within the mining-friendly Sonora State, Mexico. The wholly-owned project is comprised of 5,459 hectares on private land (no ejido) with numerous artisanal gold and copper workings which remain unexplored given the prior ownership by Peñoles for the past +25 years.

The Opportunity:

Multiple forms of high-grade gold-copper mineralization identified including high-grade veins, breccia and potential for intrusion-related, IOCG/porphyry.

  • Alaska Vein: high-grade gold and copper over 1.2 km strike with highlights from drilling including 36.1 g/t Au and 1.2% Cu over 1.5 m, and 8.3 g/t Au and 2.4% Cu over 3.25 m.
  • New Year Zone: widespread gold and copper mineralization at surface over an area of 2.2 hectares with results from sampling up to 13 g/t gold and 0.7% copper.
  • IP Anomaly: potential for intrusion-related, IOCG/porphyry based on strong IP high (charge anomaly) identified with an extent of 1,400 meters north-south by 800 meters east-west. Sampling from Elena’s claim returned up to 3.77% copper from outcrops.
  • Large and Unexplored Land Package: In 2019, RMI acquired an additional 3,292 hectares of prospective grounds which contain numerous historical workings and provides a pipeline of additional targets for follow-up exploration.
  • Fully-funded exploration program including a maiden drill program at the New Year Zone and testing potential subsurface junction with the Alaska vein where Agnico Eagle sampling in 2012 returned up to 26.6 g/t gold and 1.26% copper.

Source: Ridgestone

The Sonora Post