Ridgestone Mining Inc. Provides Operational and Corporate Update
Vancouver, May 27, 2020 - Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) ("Ridgestone") provides update on lifting of quarantine suspension by the Mexican Government, an update on the shipment of core samples for assays, and the listing on the Frankfurt stock exchange. Highlights
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Mexican Government announces resumption of activities in areas with low or no COVID outbreaks.
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Core samples from the first three holes completed at the New Year Zone have been sent to ALS Chemex for assays with results anticipated in the coming weeks.
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Ridgstone's shares are now quoted on the Frankfurt Stock Exchange under the symbol 4U5, which will provide greater liquidity and access to capital.
The Company wishes to advise its shareholders that the Mexican government had decreed an extension of the suspension of all non-essential activities until May 30, 2020. However, this extension does not apply to municipalities that present low or no known cases or transmission of the SARS-CoV2 virus, subject to criteria to be defined by the Secretariat of Health. As Ridgestone's Rebeico project is located in a municipality with low or no transmission of the SARS-CoV2 virus, the Company's activities and those of its service providers have now re-commenced.
Core samples from the first three drill holes at the New Year Zone, which encountered abundant sulphides, have been sent to ALS Chemex in Hermosillo for assaying with results anticipated to be released in the coming weeks when available.
The Company also announces that its common shares are now listed on the Frankfurt Stock Exchange ("FRA") and are under the trading symbol 4U5 with ISIN: CA76611L1040 and WKN: A2P3SM. The listing of the Company's shares on the Frankfurt Stock Exchange will broaden the corporation's shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in the company by the European investing community. The Frankfurt Stock Exchange is one of the world's largest organized exchange trading market in terms of turnover and dealing in securities. The Company's shares continue to be listed on the TSX Venture Exchange under the symbol RMI and on the US OTCQB under RIGMF.
Mr. Steven I. Weiss, PhD, CPG is the qualified person as defined by National Instrument 43-101 and has reviewed and is responsible for the technical information in this news release.
About Ridgestone Mining Inc.
Ridgestone is a Canadian mineral exploration company focused on its wholly-owned, high-grade Rebeico gold-copper project located in Sonora, Mexico.
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This news release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. In this news release such statements include but are not limited to any ongoing drilling programs, timing of such programs, or exploration results. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including those described in the Company's regulatory filings available on www.sedar.com. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this news release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.