Ridgeline Minerals – An Earn-In Option with Nevada Gold Mines on the Swift Project, and updates on drilling at the Selena and Carlin-East Properties
Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF) joins us to recap a key news release highlighting an earn-in agreement with Nevada Gold Mines (a joint venture between Barrick and Newmont) for an initial 60% interest in the Swift Project, in Nevada. To earn the 60% interest Nevada Gold Mines must spend $20million over 5 years on the Project, $4million is guaranteed.
We also look to the exploration programs at the Selena and Carlin-East Properties. Assay results from the 3,500 meter program at Selena have been released and resulted in a large CRD target for follow up drilling. At Carlin-East Chad updates us on the progress of the deep drilling that is wrapping up very shortly.
If you have any follow up questions for Chad regarding any of the work ongoing at any of the Projects please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Ridgeline website and read over the recent news.
Such mixed feeling I have giver Swift was the reason I bought a flyer in Ridgeline. On the other hand, the fact they came back in after letting it go is a plus. And if the real deal is proved, a 25% free varied interest is nothing to sneeze at on this trend.
+1 Agreed Ed. The fact that Barrick/Newmont have come back in to JV Swift with Ridgeline is a large vote of confidence in the prospectivity of the exploration potential on the land package Ridgeline now controls. Not to mention, the drill results that Ridgeline has been getting back over at Selena are encouraging. It will be interesting to see what the 2nd deep hole over at Carlin East comes back with as well.
Such companies deserve a better market.