Vancouver, British Columbia--(Newsfile Corp. - November 14, 2019) - Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) ("Ridgestone Mining") is pleased to announce the appointment of Mr. Jonathan George as CEO in place of Mr. Ted Liu (who will remain as a Board Director) and to its Board of Directors effective November 14, 2019.
Mr. George is a geologist and mining entrepreneur with over 35 years of experience in mineral exploration, development and financing of projects globally. Mr. George co-founded Creston Moly and served as President and CEO where he spearheaded over $40 million in equity financing to acquire and advance the El Creston project in Mexico. Under his leadership, the El Creston project advanced to become Mexico's largest molybdenum deposit, advancing through to Pre-Feasibility in under two years, and was subsequently acquired by Mercator Minerals for $195 million.
Mr. George also previously served as President and CEO of ESO Uranium, which subsequently became Alpha Minerals, and was instrumental in both assembling and exploring one of the largest land packages in the Athabasca Basin, Saskatchewan. This land package was where Alpha Minerals and its partner, Fission Energy, made one of the Basin's most significant uranium discoveries - the Patterson Lake South project.
Mr. George also founded Dynasty Gold Corp, serving as President and CEO, where he and his team secured the largest land package of exploration rights held by a foreign company in China, conducting gold and base metals exploration in Xinjiang, Gansu and Qinghai provinces.
Ted Liu, outgoing CEO of Ridgestone Mining commented "We are excited to welcome Mr. Jonathan George to the Board and as President. Having raised significant public and private equity in the mineral resource sector, spearheading the management and advancement of mineral projects, and negotiating complex acquisitions and transactions; we are excited to have someone of this caliber on our team. Jonathan's experience will prove invaluable in advancing our exciting Rebeico Gold-Copper project and evaluating other exciting opportunities for Ridgestone in Mexico."
About Ridgestone Mining Inc.
Ridgestone is a TSX Venture Exchange-listed junior mineral exploration company with offices in Vancouver, B.C. and Taipei. The Company's focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico Gold-Copper project.
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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 or exploration results, or any results from the MarketSmart program. 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.
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