Ridgeline Minerals - Key Takeaways From New Hole Drilled By JV Partner Nevada Gold Mines at the Swift Project
Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF), joins me to unpack the key takeaways from the high-grade gold assay results for core hole SW24-006, at the Swift gold project, currently being operated under an exploration earn-in agreement with Nevada Gold Mines ("NGM"). We also outlined other value drivers at that Selena Project being optioned to South32, as well as updates at the Black Ridge, and 100% owned Big Blue Projects, all located in Nevada.
Drillhole SW24-006 is the first of up to three deep core holes planned for the 2024 program and was drilled to a total depth of 918.2 meters ("m"). The hole was designed to test favourable carbonate host rocks along the projection of the Mill Creek thrust fault, a significant structural control and conduit for gold mineralization at Swift. SW24-006 returned a highlight intercept of 1.1m grading 10.4 grams per tonne ("g/t") gold ("Au") within 2.7m grading 7.0 g/t Au starting at 676.3m downhole. Next we discussed the significance of hole #7 being drilled, stepping out 1km from hole #6, but also only 300 meters away from hole #3. NGM is exploring using a framework approach to mineralization and structure, searching for large Carlin-style deposits. Nevada Gold Mines is also doing some earlier-stage ground work at Black Ridge, gearing up for a drill program next year.
We wrap up by reviewing the 2025 exploration plans for the 100% owned Big Blue Porphyry Project, and also the Selena Project as South32 continues to option into the Project, where next will see drilling on 4 different projects.
If you have any follow up questions for Chad regarding Ridgeline Minerals, then please email me at Shad@kereport.com.
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