Ridgestone Mining (TSXV: RMI) issued a review of results from exploration on its Rebeico gold-copper project in Sonora, Mexico, and reported that two styles of mineralization were recognized at the site, both containing copper, gold and silver.
In a press release, Ridgestone explained that the mineralization was identified at the over 1 kilometre-long north-south trending Alaska vein, and at the intensely altered breccia zones southwest of the vein.
Rebeico sits on Mexico’s famed Sierra Madre Gold belt.
“Both styles of mineralization contain similar minor elements such as bismuth, suggesting that they are related to each other and may be close to a possible copper-gold porphyry at depth,” the media statement reads. “To further investigate this possibility, the author recommended a Phase 1 exploration program consisting of an induced potential and resistivity survey, mapping and rock-chip geochemical sampling, and diamond drilling.”
The Vancouver and Taipei-based miner said that an Induced Polarization geophysical survey, comprised of 18 line-kilometres, was carried out and an initial interpretation of the data it yielded, showed a high chargeability anomaly.
According to Ridgestone, the top of the zone of high chargeability appeared to decrease in depth going south and could reach surface near the company’s Elena mining concession.
“In summary, Ridgestone’s exploration results since optioning the Rebeico property have proven very fruitful and justify a more comprehensive program including detailed mapping and sampling, further geophysical surveys, and extensive diamond drilling,” the miner’s press brief states.
Rebeico sits on Mexico’s famed Sierra Madre Gold belt, credited with production of over 80 million ounces of gold and over 4.5 billion ounces of silver.