# Ridgestone Commenced Permitting for Drill Programs at Both Mexican Projects Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1 Original source: https://money.tmx.com/en/quote/RMI/news/6012219994481209/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects Publisher: tmx Original announcement: 2021-05-25T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Commencement of permitting for two distinct drill programs - Positive factor: Existing maiden resource at GyC provides a baseline for expansion - Positive factor: High-grade historical highlights at Rebeico mentioned to support upcoming assay results Facts used in scoring: 6 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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 Zone [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-drill-facts-2) Rebeico · copper #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### New Year Zone [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-drill-facts-3) Rebeico · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Alaska Vein [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-drill-facts-4) Rebeico · copper #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Alaska Vein [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-drill-facts-5) Rebeico · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-resource-facts-0) Guadalupe y Calvo · gold #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ridgestone-commenced-permitting-for-drill-programs-at-both-mexican-projects--ff7fe1a2-da59-4c18-8802-6b8e3a4cd2c1#fact-resource-facts-1) Guadalupe y Calvo · gold #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: 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.