U.S. President’s from Eisenhower to Biden may not always agree on much, but one thing they all say is important is a need for infrastructure repair and new developments. Highways, airports and a plethora of other projects are always said to be at the front of whatever administration is in power. Even today, shortly after the recent Presidential elections we heard from President Biden that he too shares this desire and vision… that the US’s infrastructure is in dire need of repair and fixing it is perhaps the most prominent policy issue that both Republicans and Democrats agree upon. Many believe that repaving roads, expanding highways, improving railways and ports, and building out digital superhighways should make conducting business easier and faster and, in turn, stimulate the country’s GDP growth. Since the election, the markets have rewarded investments that are expected to benefit from the rebuilding and expanding the US’s aging infrastructure. The copper industry would be one sector that could flourish as a response. Industry insiders, GLOBAL V, discussed base metals, such as copper and said that: “Base metals have been one such beneficiary, with five of the six major base metals registering positive returns… Some may be surprised to see that copper has been the best performer among the base metals. Active mining stocks mentioned in today’s commentary include: Ridgestone Mining Inc. (OTCQB: RIGMF) (TSX-V: RMI), Vista Gold Corp. (NYSE: VGZ) (TSX: VGZ), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL), Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI).
GLOBAL V continued speaking about what role copper will have. They said: “Copper is most widely used in electrical wiring given its properties as an excellent electrical conductor. Therefore, demand for the metal is most closely linked with growth in heavy machinery, consumer durables, electrical grids, and telecommunications. It is not known exactly what government support for new infrastructure will look like, but copper indirectly touches many of these improvements: Erecting new bridges, highways, and ports requires goliath machines to do the job; Once completed, these new projects are likely to attract investments in new cars, trucks, trains, cargo ships, and airplanes, all of which use copper extensively; and Should new infrastructure policies also focus on improving digital communications, copper is likely to see significant increases due to its prevalent use in wiring.”
Ridgestone Mining Inc. (TSX-V: RMI) (OTCQB: RIGMF) (FSE: 4U5) BREAKING NEWS – RIDGESTONE HIGHLIGHTS IP ANOMALY AND HIGH-GRADE COPPER AT REBEICO – Ridgestone Mining (“Ridgestone”) is pleased to announce encouraging results from geophysical surveys and follow-up exploration on its wholly-owned Rebeico project in Sonora, Mexico.
Highlights
- Induced polarization (IP) and resistivity surveys totaling 31.4 line-kilometres (~6.0 sq. km) were previously completed by Zonge International of Tucson, Arizona.
- A strong IP high (chargeability anomaly) with an extent of 1,400 metres north-south and 800 metres east-west was identified south of the Alaska vein. This anomaly is most pronounced beneath the Company’s Elena concession where surface sampling has returned up to 3.77% copper and 0.741 ppm gold.
- High-grade copper ± gold is pervasive throughout the property with 1.56% copper plus 1.80 g/t gold intersected over 19.3 metres from surface at the New Year Zone and 2.78% copper plus 8.69 g/t gold over 2.0 metres from the Alaska Vein.
Jonathan George, Ridgestone’s CEO and Director, commented “The IP and resistivity survey has outlined a strong anomaly which is very pronounced at the Elena concession. Given the significant copper intersected from drilling on the New Year Zone and Alaska Vein, in addition to the high-grade surface samples from the Elena concession, we are highly encouraged about the potential for a significant copper system at Rebeico.”
The Induced Polarization (IP) and Resistivity surveys were carried out by Zonge International (“Zonge”) of Tucson, Arizona and consisted of 15 east-west lines spaced 200 metres apart, comprising coverage of 31.4-line kilometers of dipole-dipole measurements over an area of approximately 6.0 square kilometers.
The survey originated over the key Alaska vein, and provided coverage south through the New Year Zone and Elena concession. A summary report of the data provided by Zonge included 15 sets of IP and resistivity cross sections and horizontal slices at various elevations.
The Zonge report identified a pronounced high-chargeability feature which was encountered to the south and east of the Alaska vein at depths of 250 to 300 metres below surface, progressively increasing in width and intensity toward the south. This high-chargeability anomaly was identified over a total extent of 1,400 metres north-south and 800 metres east-west. The upper portion of the anomaly becomes progressively closer to the surface toward the south and is strongest beneath the Company’s Elena concession (Figure 1). Samples from copper mineralized outcrops at the Elena concession such as those in Figure 2 have assayed up to 3.77% Cu over 1.5 metres and 3.42% Cu over 1.5 metres; other samples assayed up to 0.741 ppm gold.
