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Be the first with the news that moves the market- Ridgeline Minerals (RDG) has staked the Big Blue Project in Elko County, Nevada
- The company acquired this high-grade porphyry copper (Cu) – gold (Au) – silver (Ag) exploration prospect via low-cost staking of 361 lode claims totalling 29 sq. km.
- The company intends to focus on acquiring any available historical data for the project in Q1 2023 to support an initial 3D geologic model
- Ridgeline Minerals is a gold-silver explorer with an exploration portfolio of projects in Nevada and Idaho
- Ridgeline Minerals (RDG) was trading at $0.25 per share
Ridgeline Minerals (RDG) has staked the Big Blue Project in Elko County, Nevada.
The company acquired this high-grade porphyry copper (Cu) – gold (Au) – silver (Ag) exploration prospect via low-cost staking of 361 lode claims totalling 29 sq. km.
The Big Blue Project includes the past producing Delker Mine, which produced 42,834.5 kg of copper at an average grade of 6.2 per cent Cu between 1916-1917 and shares its southern boundary with Reyna Silver Corp.’s (TSXV:RSLV) Medicine Springs Ag-Pb-Zn Carbonate Replacement (CRD) Project.
Ridgeline collected 19 confirmation rock chip samples in late 2022 between the Delker Mine workings and Skarn Hill adit, returning an average grade of 1.8 per cent oxide Cu, including a highlight sample of 6.4 per cent Cu, 0.2 grams per tonne (g/t) Au, and 53.8 g/t Ag at Skarn Hill. Over the past century, the project has seen limited exploration.
The project is 100-per-cent owned by Ridgeline and retains no underlying lease payments, work commitments or royalty obligations.
Highlights
- Skarn Hill: 6.44 per cent Cu, 0.16 g/t Au, 53.75 g/t Ag
- Delker Mine: 4.88 per cent Cu, 0.10 g/t Au, below detection limit (BDL) Ag
- Delker test pit: 6.31 per cent Cu, 0.09 g/t Au, 4.21 g/t Ag
CEO Chad Peters said this was the first project staked and generated by the team in the company’s history and consolidates a core land position within a historic, but significantly underexplored porphyry district in Nevada.
“Our team’s exploration thesis for Big Blue is analogous to the Butte Valley porphyry Cu-Au system located roughly 60 km to the south, which is inferred to be the source of CRD mineralization at our Selena Project. Big Blue exhibits similar potential to host new, high-grade porphyry-skarn copper discoveries as well as CRD mineralization on-strike of the Delker Mine towards the Medicine Springs Project, a known CRD discovery being explored by Reyna Silver. The project will be advanced alongside our growing CRD discovery at Selena.”
The company intends to focus on acquiring historical data for the project in Q1 2023 to support an initial 3D geologic model. The team will follow up with mapping and prospecting in the spring, as well as select Ridgeline-operated backpack drill holes in the vicinity of the Delker Mine to chase shallow high-grade Cu skarn mineralization.
Ridgeline Minerals is a gold-silver explorer with an exploration portfolio of projects in Nevada and Idaho.
Ridgeline Minerals (RDG) was trading at $0.25 per share.
