Welcome to our dedicated page for Ridgeline Minera news (Ticker: RDGMF), a resource for investors and traders seeking the latest updates and insights on Ridgeline Minera stock.
Ridgeline Minerals Corp. (OTCQB: RDGMF) generates a steady stream of exploration news from its portfolio of precious and base metal projects in Nevada, USA. Company releases focus on drill results, project updates and partnership milestones across Carlin-type gold and carbonate replacement deposit (CRD) targets.
News from Ridgeline often highlights technical results from key projects such as Swift and Black Ridge, which are operated by Nevada Gold Mines under earn-in agreements, and Selena, which is under an earn-in with a subsidiary of South32 Limited. These updates include assay results, descriptions of host rock geology, and interpretations of mineralization styles and vectors for follow-up drilling.
Investors can also expect coverage of Ridgeline’s 100%-owned projects, including Atlas, Big Blue, Bell Creek and Coyote. News releases describe maiden drill programs, anomalous gold and silver intercepts, and Carlin-type alteration features that help define future exploration plans. Corporate announcements, such as equity incentive grants, annual meeting materials and asset transactions like the sale of the Eagle tungsten and critical metals property, also appear in the company’s news flow.
This news page on Stock Titan aggregates these updates so readers can review Ridgeline’s exploration progress, partner-funded budgets and key technical milestones in one place. For those following early-stage gold and polymetallic exploration in Nevada, recurring news from Ridgeline provides insight into how its projects and earn-in agreements are advancing over time.
Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has entered into an earn-in agreement with a subsidiary of South32 for its Selena carbonate replacement deposit (CRD) project in Nevada. South32 can acquire up to 80% interest in the project by funding up to $20 million in exploration expenditures over two phases. The initial phase allows South32 to earn a 60% interest by spending $10 million over five years, with a $2 million guaranteed spend. Ridgeline will remain the operator during this phase. The agreement includes a potential debt facility for Ridgeline to fund its share of future mine development costs. The first year's work program includes a ground magnetotelluric survey and drilling a production water well.
Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has received approval for its Exploration Plan of Operations (PoO) permit at the Selena CRD project in Nevada. The permit allows for up to 200 acres of surface disturbance, including exploration drill roads and pads. Key highlights include:
- Phase 1 disturbance covers 34.0 acres
- Systematic testing of the mineralized CRD corridor
- High-priority targets: Skarn and Chinchilla Sulfide
- Annual work plan revisions allowed
- Additional disturbance beyond Phase 1 requires further surveys and bonding
The approval is a significant milestone, enabling Ridgeline to plan the next phase of exploration at Selena, focusing on depth and strike towards Freeport-McMoRan's adjacent Butte Valley Porphyry project.
Ridgeline Minerals (TSXV: RDG, OTCQB: RDGMF, FSE: 0GC0) has secured an exclusive water rights permit for its Selena CRD project in Nevada. The permit, granted by the Nevada Division of Water Resources, allows Ridgeline to utilize up to 150 acre-feet of groundwater annually. This development supports future exploration activities under the company's pending Plan of Operations exploration permit. CEO Chad Peters emphasized that the permit will ensure year-round access to drill water and reduce water procurement costs, currently accounting for 5% of the total drill budget. Selena, located in White Pine County, NV, spans 39 square kms and includes the Chinchilla discovery. The project adjoins the Butte Valley project, which has a US $33M earn-in agreement with Freeport-McMoRan. The news has been validated by Michael T. Harp, the company's VP of Exploration.
Ridgeline Minerals announced promising high-grade results from rock chip sampling at its Big Blue project in Nevada. Highlights include up to 9.6 g/t gold and 0.4% copper. The project, situated west of the historically productive Delker Mine, is preparing for an IP geophysics survey in summer 2024 to pinpoint future drill targets. The company holds an active NOI exploration permit for up to 38 drill sites. The new porphyry target revealed significant molybdenum values, hinting at a potential system vector towards the west. Future drill targeting will benefit from the upcoming IP survey.
Ridgeline Minerals has announced a comprehensive 2024 exploration update for its five projects in Nevada. The company anticipates a total exploration spend of up to $5.5 million, with Nevada Gold Mines funding $5 million for the Swift and Black Ridge projects. Swift will see 3-5 core holes drilled, and Black Ridge will undergo field mapping and geochemical surveys.
Ridgeline will conduct a 3D IP survey at its Big Blue project and is finalizing permits for advanced exploration at its Selena project. This year marks Ridgeline's largest exploration budget to date, driven by partner funding. The Selena project is in the final permitting stages, with approval expected in early Q3 2024, allowing significant exploration advancements.
Key highlights include a proposed $5 million budget for Swift, $200,000 for Black Ridge, and the commencement of the Big Blue survey in early Q2 2024. The Selena project will facilitate up to 200 acres of total surface disturbance for exploratory activities.
FAQ
What is the current stock price of Ridgeline Minera (RDGMF)?
What is the market cap of Ridgeline Minera (RDGMF)?
