Ridgestone Commenced Permitting for Drill Programs at Both Mexican Projects
Original announcement by tmx on
- Company
- Ridgestone Mining Inc.
- Ticker
- RMI
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper
- Document categories
- Drill results, Permitting, Resource update
- Extracted
- 2026-09-18 19:10:28 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Ridgestone Mining has commenced the permitting process for upcoming drill programs at its Guadalupe y Calvo (gold-silver) and Rebeico (copper-gold) projects in Mexico. The company expects drilling to begin in late summer following the rainy season, with assay results from Rebeico anticipated in the coming weeks.
Reasoning: The announcement is a procedural update regarding permitting and upcoming drilling, which de-risks the timeline for exploration at two projects.
Positive factors
- Commencement of permitting for two distinct drill programs
- Existing maiden resource at GyC provides a baseline for expansion
- High-grade historical highlights at Rebeico mentioned to support upcoming assay results
Facts used in scoring: 6
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The document explicitly mentions a 'recently-released maiden resource' for the GyC project.
Evidence · text
“The maiden resource tabled for our GyC gold-silver project”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The GyC project contains a significant inferred resource component of 460,000 oz AuEq.
Evidence · text
“460,000 oz AuEq in Inferred”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (4)
New Year ZoneRebeico · copperGrade: 1.56Grade Unit: %Intercept: 19.3 mView all detailsHide details
Identity
- Hole ID
- New Year Zone
- Project
- Rebeico
- Commodity
- copper
- Region
- mexico
- Reported Region
- mexico
- Ticker
- RMI
Geometry
- Grade
- 1.56
- Grade Unit
- %
- Intercept
- 19.3 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: High-grade copper intercept at Rebeico.
Evidence · text
“1.56% copper ... intersected over 19.3 metres from surface at the New Year Zone”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
New Year ZoneRebeico · goldGrade: 1.8Grade Unit: g/tIntercept: 19.3 mView all detailsHide details
Identity
- Hole ID
- New Year Zone
- Project
- Rebeico
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- RMI
Geometry
- Grade
- 1.8
- Grade Unit
- g/t
- Intercept
- 19.3 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: Gold grade associated with the New Year Zone copper intercept.
Evidence · text
“1.80 g/t gold intersected over 19.3 metres from surface at the New Year Zone”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Alaska VeinRebeico · copperGrade: 2.78Grade Unit: %Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- Alaska Vein
- Project
- Rebeico
- Commodity
- copper
- Region
- mexico
- Reported Region
- mexico
- Ticker
- RMI
Geometry
- Grade
- 2.78
- Grade Unit
- %
- Intercept
- 2 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: High-grade copper intercept at Rebeico.
Evidence · text
“2.78% copper ... over 2.0 metres from the Alaska Vein”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Alaska VeinRebeico · goldGrade: 8.69Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- Alaska Vein
- Project
- Rebeico
- Commodity
- gold
- Region
- mexico
- Reported Region
- mexico
- Ticker
- RMI
Geometry
- Grade
- 8.69
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: High-grade gold intercept at Rebeico.
Evidence · text
“8.69 g/t gold over 2.0 metres from the Alaska Vein”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (2)
indicatedGuadalupe y Calvo · goldContained Metal: 356000Contained Unit: ozView all detailsHide details
Identity
- Project
- Guadalupe y Calvo
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- RMI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7a587f9add8845005762
Resource Data
- Category
- indicated
- Contained Metal
- 356000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: Indicated portion of the maiden resource at GyC.
Evidence · text
“356,000 oz AuEq in Indicated”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredGuadalupe y Calvo · goldContained Metal: 460000Contained Unit: ozView all detailsHide details
Identity
- Project
- Guadalupe y Calvo
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- RMI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b2518964ce8e392fded2
Resource Data
- Category
- inferred
- Contained Metal
- 460000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2021-05-25T00:00:00.000Z
Reasoning: Inferred portion of the maiden resource at GyC.
Evidence · text
“460,000 oz AuEq in Inferred”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.