07:38:35 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Ridgestone Mining Inc (2)
Symbol RMI
Shares Issued 5,301,235
Close 2023-08-14 C$ 0.125
Market Cap C$ 662,654
Recent Sedar Documents

Ridgestone terminates GyC project option deal

2023-08-15 16:44 ET - News Release

Mr. Rad Rajaram reports

RIDGESTONE TERMINATES PROPERTY OPTION AGREEMENT

Ridgestone Mining Inc. has terminated its option to acquire a 100-per-cent interest in the Guadalupe y Calvo (the GyC project) project from Endeavour Silver dated Jan. 27, 2021. In accordance with the terms of the option agreement and subsequent termination agreement, the company has settled all outstanding financial obligations including fees pertaining to Mexican mineral claim holding costs. The agreement has been terminated as the company has been unable to secure adequate financing to advance the project for the required work commitments and property payments given the current state of the market.

About Ridgestone Mining Inc.

Ridgestone Mining has assembled a highly experienced and dynamic team to explore and advance its projects in Mexico. Ridgestone's 100-per-cent-owned Rebeico copper-gold project has high-grade copper and gold pervasive throughout the property with highlights including 1.56 per cent copper plus 1.80 grams per tonne gold intersected over 19.3 metres from surface at the New Year zone and 2.78 per cent copper plus 8.69 g/t gold over 2.0 metres from the Alaska vein.

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