Vancouver, British Columbia--(Newsfile Corp. - April 27, 2021) - Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) (FSE: 4U5) ("Ridgestone") is pleased to announce the engagement of Marc Jutras of Ginto Consulting Inc. to prepare an independent National Instrument (NI) 43-101 mineral resource estimate for the Guadalupe y Calvo (GyC) gold-silver project in Mexico. The resource estimate is being prepared based on an extensive review of historical exploration results, including detailed sectional interpretation, and is anticipated to be completed in the coming weeks.
Marc Jutras, P.Eng. M.A.Sc. is a highly experienced geostatistician with over 35 years of experience in mineral resource modeling and estimation including holding senior roles with Barrick Gold Corp. and Placer Dome Inc. Mr. Jutras founded Ginto Consulting Inc. in 2015, a firm specializing in the estimation of mineral resources and reserves for mining projects at various stages of development. Previously, Mr. Jutras was Director of Mineral Resources of Alamos Gold for six years (2009 - 2015) where he was responsible for mineral resource and reserve estimation of the Mulatos mine in Mexico, the Agi Dagi / Kirazli / Camyurt project in Turkey, the Esperanza project in Mexico, and other projects within Alamos' portfolio. Mr. Jutras holds a Master's degree in Applied Sciences (M.A.Sc.) from Ecole Polytechnique of Montreal and a Bachelor's degree in Geological Engineering (B.Eng) from University of Quebec in Chicoutimi. Mr Jutras is a registered professional engineer in the provinces of British Columbia, Quebec and Newfoundland.
Jonathan George, CEO, commented: "We are delighted to be forging ahead with our projects in Mexico and to retain the services of Mr. Jutras and Ginto Consulting to work on a resource estimate for our GyC project. Our technical team has been extensively reviewing the database of past exploration and are highly encouraged about the opportunity for the property to host a significant resource. Marc brings a wealth of experience in resource estimation and having specifically worked on a number of significant projects in Mexico."
About Ridgestone Mining Inc.
Ridgestone is a Canadian mineral exploration company focused on its Guadalupe y Calvo (gold/silver) and Rebeico (copper/gold) projects located in Mexico.
For further information, please contact:
Rad Rajaram - Manager Corporate Relations and Business Development
Telephone: 416-732-0604
radha@ridgestonemining.com
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 the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81804.
