Global Copper Mining Production Could See Steady Growth Over Next Few Years - Seite 2

Ridgestone Mining Inc. (TSX-V: RMI) (OTCQB: RIGMF) (FSE: 4U5) BREAKING NEWS - Ridgestone Secures Mill Ahead of Bulk Sample at Rebeico - Ridgestone Mining ("Ridgestone") is pleased to announce it has entered into a toll milling agreement with a nearby mill to process bulk samples from historic dumps of the Alaska vein. Additionally, the Company has also received bids from mining contractors to rehabilitate historical underground workings along the Alaska vein to facilitate underground and bulk sampling.

Highlights:

• Fixed-price toll milling agreement with nearby (~40km) Real Viejo flotation mill for up to 300 tonnes per day;
• Bulk samples planned to process historical surface dump material grading up to 16.85 g/t gold and 2.70% copper;
• Rehabilitation of historical underground workings on the Alaska Vein to map and sample zones in the vicinity of drill-hole intervals that assayed 36.1g Au/t and 1.22% Cu over 1.5 meters, and 8.31g Au/t and 2.41% Cu over 3.25 meters in 2018.

Mr. Jonathan George, CEO, commented "Entering into this toll milling agreement for the Real Viejo mill, which is only 40 kilometres from our high-grade Alaska vein, provides an opportunity to capitalize on today's strong gold and copper prices.  Using a phased approach, we will look to reprocess the historical dumps and to begin rehabilitation of the historical workings which will provide safe access for extensive underground mapping and sampling."

A toll milling agreement has been established with Exploracíon Y Desarrollo Desierto S.A. de C.V. ("EDDSA") for the nearby Real Viejo mill for up to 300 tonnes per day.  The Real Viejo mill is a recently-refurbished flotation mill with crushing and grinding circuits capable of producing a gold-copper-silver concentrate.  The agreement outlines a fixed price ("tolling price") for up to 300 tonnes per day at the Company's discretion.

In conjunction with the toll milling agreement, the Company is planning to process one or more bulk samples from historical surface waste-rock dumps of material previously extracted from the Alaska vein. The Company intends to process the higher-grade material first, such as that from the Veta Grande dump, samples of which assayed up to 16.85g Au/t and 2.70% Cu as summarized in Ridgestone's June 13, 2019 press release.  Processing of the bulk samples will provide metallurgical response information which will assist in the evaluation of the recovery characteristics of oxide and transitional material in the upper zones of the Alaska vein, and will be used for internal assessments of potential contract mining scenarios.  Ridgestone has all the requisite permits required for the processing of the bulk sample which is expected to commence in the coming months.  Read this full release more news for Ridgestone Mining by visiting:  https://www.ridgestonemining.com/news-releases/2020/