Ridgeline Minera Stock Price, News & Analysis

Ridgeline Minerals has initiated its 2025 drill program at the Selena Carbonate Replacement project in Nevada, operating under Phase 1 of an earn-in agreement with South32. South32 has approved a $3.45 million Year-2 exploration budget to drill up to three deep core holes, totaling 4,500 meters, targeting a highly conductive Magnetotellurics anomaly at the Chinchilla Sulfide CRD target. The drilling program will test specific stratigraphic and structural horizons across the known strike of the MT anomaly, with the first hole targeting the shallowest expression of the Chinchilla Sulfide target. The anomaly plunges approximately 45 degrees north to south and is bounded by east verging thrust faults, which are interpreted as key fluid conduits to the CRD system. The Selena Project, located 64 kilometers north of Ely, Nevada, shares a property boundary with the Butte Valley project and comprises 39 square kilometers of exploration ground.

Ridgeline Minerals Corp. (RDGMF) has entered into an agreement to sell its Eagle Property to Midasco Capital Corp. The Eagle Property, located in White Pine County, Nevada, consists of 244 lode mineral claims and is one of the highest-grade past-producing Tungsten districts in the US. The property produced 8,352 MTU of Tungsten trioxide at grades of 0.6-1.0% between 1917-1956. As compensation, Midasco will issue shares to Ridgeline in two tranches: 5,830,466 shares (19.9% ownership) at closing and additional shares on the one-year anniversary. Ridgeline will also receive a 1% net smelter royalty. Midasco plans to rebrand as Spartan Metals Corp. and seeks reactivation on the TSXV as a Tier 2 mining issuer.

Ridgeline Minerals (RDGMF) has entered into an exploration earn-in option agreement to acquire a 100% interest in the Trench oxide gold project from EMX Royalty Corp's subsidiary. The project, comprising 31 mining claims over 2.2 square kilometers, is located near Carlin, Nevada, and will be consolidated into Ridgeline's Atlas project. Surface sampling has revealed high-grade gold up to 5.6 g/t Au in rock chips. To acquire full ownership, Ridgeline must issue 250,000 common shares, make payments totaling $650,000 over five years, and complete $500,000 in exploration expenditures. EMX will retain a 3.0% NSR royalty, which can be reduced to 2.0% through buyback options. The acquisition expands Atlas's mineralized footprint to over four kilometers of combined strike, with Ridgeline planning expanded exploration activities in H2 2025.

Ridgeline Minerals (RDGMF) has provided updates on its maiden drill programs at the Big Blue and Atlas projects in Nevada. At Big Blue, the company has completed two deep core holes and added a third hole to test high-grade Cu-Au skarn and porphyry targets. The third hole is expected to complete in 7-10 days, with assays for the entire program due in late June. At the Atlas project, Ridgeline plans an initial 3-hole program targeting shallow oxide, Carlin-Type gold mineralization, with potential expansion to 5-6 holes. The company has also staked 13 additional BLM lode claims in the South Block. The Big Blue project includes the historic Delker Mine, which produced 94,434 pounds of copper at 6.2% grade between 1916-1917. Both projects are 100%-owned by Ridgeline with no underlying commitments or royalties.

Ridgeline Minerals (RDGMF) showcases its 'hybrid explorer' strategy in a CEO.CA 'Inside the Boardroom' interview with President & CEO Chad Peters. The company maintains a diverse 200 km² exploration portfolio across seven Nevada projects, combining wholly-owned assets with strategic partnerships.

The portfolio includes four 100%-owned projects (Big Blue, Atlas, Bell Creek & Coyote) and three partnership projects through earn-in agreements - two with Nevada Gold Mines (Swift and Black Ridge) and one with South32 (Selena). The company has initiated an active drilling campaign that will continue throughout 2025 across all projects.

Ridgeline Minerals Corp. (RDGMF) has announced its 2025 budget guidance for the Selena Carbonate Replacement project in Nevada. The project is operated under a Phase 1 earn-in agreement with South32 South32 has invested $329,842 in qualifying work expenditures through December 2024 and will spend $602,000 through June 2025.

A significant Year-2 exploration budget of $3,450,000 has been approved for the year ending June 2026, focusing on drilling up to three deep core holes totaling 4,500 metres. The drilling will target a high-priority Magnetotellurics anomaly at the Chinchilla Sulfide CRD target, with operations scheduled to begin in June 2025.

Under the earn-in agreement, South32 can acquire an initial 60% interest by funding $10 million in work expenditures over five years, with an option to increase to 80% by investing an additional $10 million over three years. South32 will also provide access to a debt facility for Ridgeline's 20% development costs.

Ridgeline Minerals (RDGMF) has announced final assay results from core hole SW24-007 at its Swift gold project in Nevada, along with the 2025 exploration budget. The hole, drilled to 1,071.1 meters depth, intersected multiple gold zones including 2.9 meters grading 1.9 g/t Au within 24.7 meters grading 0.5 g/t Au.

Nevada Gold Mines (NGM) has spent US $10,078,008 in qualifying work expenditures through December 2024 and approved a US $5,000,000 exploration budget for 2025. The budget will fund up to five deep core holes, with drilling expected to begin in late Q2, pending permit approval.

The drilling results have expanded the gold footprint at the Southwest Swift target to 4 square kilometers. NGM must spend a minimum of US $20,000,000 by December 2026 to earn an initial 60% interest in the Project.

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has launched a diamond core drill program at its Big Blue porphyry copper-gold project in Elko County, Nevada. The initial program consists of two planned core holes totaling up to 1,800 meters, targeting high-priority chargeability and resistivity anomalies beneath the historic Delker Mine trend.

The first hole, BB25-001, will drill across a quartz feldspar porphyry dike swarm and down-dip of the former Delker Mine, which historically produced 94,434 pounds of copper at 6.2% grade during 1916-1917. The second hole, BB25-002, will target a 20-25 mV/V chargeability high that underpins the Delker Mine trend.

The Big Blue Project, located 75km southeast of Elko, spans 50 square kilometers and is 100% owned by Ridgeline. The primary target is porphyry-skarn Cu-Au ± Ag-Mo mineralization, with potential for polymetallic carbonate replacement deposits over 6+ km of untested strike.

Ridgeline Minerals (TSXV: RDG) (OTCQB: RDGMF) has announced promising results from a Magnetotellurics (MT) Geophysical survey at its Selena Carbonate Replacement (CRD) project in Nevada. The survey identified a strong, kilometer-scale conductive anomaly at the Chinchilla Sulfide target, suggesting potential for a robust silver-gold-lead-zinc CRD system at depth.

Key highlights include:

• A large conductive anomaly approximately 1.5km wide by 600m thick, extending over 2.0km along strike
• Previous drilling in 2022 intersected high-grade mineralization including 3.0m grading 40.2 g/t Ag, 7.0% Pb-Zn and 3.0 g/t Au
• The MT anomaly's geometry is controlled by east verging thrust faults, northeast striking normal faults, and their intersection with reactive carbonate host rocks

The project is currently operated by Ridgeline under Phase 1 of an earn-in agreement with South32 Based on these promising results, Ridgeline is accelerating plans for a 2025 Phase I drill campaign to target the highest priority anomalies at depth.