Ridgeline Minerals – Significant Polymetallic Step Out Drill Holes At The CRD Target
Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF) joins us to unpack the news release from June 13th, where the first two step out holes of the 2022 drill program at the CRD Target, at larger Selena project in Nevada, intersected silver (“Ag”) – gold (“Au”) – lead (“Pb”) – zinc (“Zn”) carbonate replacement style mineralization. The headline number was drill hole SE22-037 which returned highlight intercepted 3.0 meters grading 40.2 grams per tonne Ag, 3.0 g/t Au, 0.2% Pb, 6.8% Zn and 3.0m grading 35.4 g/t Ag, 0.9 g/t Au, 1.0% Pb, 2.3% Zn within wider (15.2-16.8m), lower grade intervals surrounding both zones. We discussed how these holes were instructive because this was a 2.5 km step-out to the west of known mineralization at Chinchilla showing that that even by stepping out by 2.5kms they are finding significant mineralization, over wider 15-16 meter zones.
Next we shifted the discussion over to the news announced June 8th that Company has acquired the historical database for all outstanding surface and drillhole data at the Selena Project from NevGold Corp., operators of the adjacent Limousine Butte project to the north of Selena. This provided them key data to help inform future drilling, as the exploration team has identified five priority target zones across the property which include an ongoing drill program testing the Ag-Au-Pb-Zn CRD, confirmed discoveries at both Chinchilla and Juniper, and the early-stage Revival and Broken Egg targets.
We wrap up by reviewing the prior and upcoming exploration programs at the Company’s other Nevada Properties at Swift, Carlin-East, and Bell Creek. There will be aggressive drilling this year by their JV partner, Nevada Gold Mines (NGM), which is in itself a joint venture between Barrick and Newmont, where NGM has a $20 million earn-in option for 60% interest from Ridgeline Minerals on Swift, located on the Cortez District of the Battle Mountain – Eureka mine trend.
If you have any follow up questions for Chad regarding Ridgeline Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.